INDIAN JEWELLER

Hong Kong International Jewellery Show 2007 offers a spectrum of business opportunities

Over 2180 exhibitors from 41 countries and regions took part

Post By : Diamond World News Service On 10 March 2007 12:00 AM
De Beers Diamond Trading Company (DTC) sight had much improved assortments in “Indian” goods, tantamount to a reduction of about 5 % in July according to sightholders. Some larger goods too had reduced prices, resulting in an overall reduction of some 7%. The prices of larger, better colour and quality goods, however, has reportedly gone up.%%DTC spokesperson Lynette Hori confirmed that the improved assortments have resulted in an “adjustment” in diamond prices. According to her, the price changes had come from the DTC’s review of its mining partners’ production forecasts for the July-December period. The six-month period constitutes the second ‘intention to offer’ (ITO) slot for the year.%%The production review is routinely conducted at the start of each ITO period. “This is done to have a better idea of the quantities of different categories of goods that are anticipated to be available to make up sight holder boxes,” Hori said. “This has led to some box prices going up and some box prices going down,” she noted.

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