For the international diamond industry, the first nine months of 20 12 is a very difficult stage.

Weak demand for rough diamonds and polished diamonds, a large backlog of dealers and retailers, and the liquidity crisis in the diamond cutting industry are all the main manifestations of the global diamond industry downturn under the background of the uncertainty of global economic growth and another crisis that can be expected.

Jewelry retailers buy diamonds mainly for their short-term needs, and they still maintain a low inventory level. The gradual spread of reduced demand affects diamond producers to reduce their production, and mining enterprises also reduce their production level. It is reported that all industrial chain links are adjusting the next step of 20 12.

Due to the foreseeable economic uncertainty, the diamond market is still under pressure in the short term. Although jewelry buyers and sellers showed quite positive emotions when they left Hong Kong, it was because they were used to the downturn of the whole market demand in 20 12 years. The buyer's psychology becomes price-sensitive, looking for low-priced diamonds around VS2-SI, comparing prices repeatedly, and finally buying. As a result, expectations for the fourth quarter have also been suppressed. In the following holidays, dealers have expected the demand of American consumers to be stable and that of China and India to slow down, but they still lack confidence to see the signal that the market really recovers from the bottom.

Despite the decline, compared with the third quarter, the overall mood of the jewelry trading market in June 5438+ 10 improved slightly. According to the research report just released by Lei, under the stimulation of the sales growth expectation brought by the holiday in the next two months, the dealers' emotions are complicated. Buyers are looking for the right product, but they are still just observing the price. They are waiting to get out of the bottom and make a larger inventory purchase again. There are some signals in the diamond market, which indicate that we can safely spend 20 12, and the prospect is expected to be better in the near future.

The following market data will help you fully understand the development trend of the global diamond industry chain from 20 12 to 1 to September.

Global diamond trading chart (10-September 20 1 12).

If we turn our attention away from the short-term problems, we can see that the diamond market still has a good prospect, because the consumption of diamond ornaments in its final products continues to grow, although the growth rate is less than 20 1 1 year.

However, it is worth noting that the market showed signs of recovery in September. "It is expected that the difficult period of the diamond consumption market will last until the end of 20 12, but it will remain optimistic for a long time, and the diamond market will still be in short supply." In the medium and long term, demand will exceed supply, and consumer demand from China, India and the United States will continue to push the diamond economy forward.

Rough diamond trading chart

Finished diamond trading chart

Information reference: diamond information, Rapaport, rough diamonds and polished diamonds.