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Diamond News Broadcast

Jewelry Retail Sales, Diamond Imports Soften
Dec 14, 2011 7:30 PM   By Rapaport News
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Diamond market trading is mixed, however, this is not unusual for mid-December. Data from the U.S. points to a weaker fourth quarter in terms of diamond imports and jewelry sales (due primarily to double-digit inflation) although full year receipts could top $30 billion for the first time since 2007.  Retail inventories remain high in the U.S. and Europe, wholesale inventories in India are steady so buyers are in no rush to make purchases and sellers are holding firm on prices.

There is just more than one week left before the Christmas weekend is upon us, so this coming 10 day period will make or break the 2011 retail season. U.S.  chain-store sales are in a holding pattern with growth in the 3 percent to 4 percent range, as has been the case most of this year, but that is the rate of inflation as well. Ecommerce sales though, predictably, are soaring by 15 percent, as tracked by comScore.

 diamond jewelry sales

Tags: exports, imports, Rapaport News, retail, sales
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