Rapaport Press Release: Sentiment Softens Despite Diamond Price Rise
Copyright 2022 by Rapaport USA Inc.
- Copyright 2022 by Rapaport USA Inc.
High US inflation, the promise of interest-rate hikes and the lingering coronavirus pandemic are fueling doubt and weighing on consumer sentiment. - The sanctions, which target Alrosas ability to obtain credit, also saw Russian banks removed from international payment schemes.
- Delayed money transfers to Alrosa will likely disrupt supply from the miner the worlds largest volume producer and may result in rough shortages.
- Rough on the dealer market and at auctions was selling at high double-digit premiums compared to De Beers January prices.