three important trade events will take place in Las Vegas, according to a weekly message from Diamond World. Market participants make forecasts for sales during jewelry fairs and consumer demand dynamics. Currently, the industry is dominated by moderate sentiment, and overall activity in the main markets remains slow due to seasonal calm.
As for diamonds and precious stones, we can say that there is no rush in the market for replenishment. It will be interesting to observe the prices for diamonds at the upcoming jewelry fairs taking into account the recent increase in prices for rough diamonds, as well as slowing demand. However, the fact that there is some revival in the US market should give a positive impetus to the development of the market.
In essence, trade during jewelry fairs will be slow or medium, although the opportunities arising from the expansion of business ties in Las Vegas are likely to open the way to increased sales in the third quarter of the year.