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- Dec 7, 2004
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For months we have been speculating about supply, demand, how this pandemic will effect things. Well, here are a few bullets from a WSJ article on 7/18/20:
. Jewelry sales have taken a hit due to the coronavirus.
. Signet which owns Jared said sales down 40.5% in last quarter.
. With shops closed and weddings postponed, diamond sales which is the bread and butter not looking good.
. Both Alrosa and Debeers released dismal results on Thursday.
. Alrosa said sales of rough plummeted 89% compared to a year earlier.
. DeBeers said sales of rough down by more than 95%.
. With India‘s main polishing center closed again, large and growing glut of stones.
. Prices near multi year lows.
This might offer some “clarity”. Excuse the pun.
. Jewelry sales have taken a hit due to the coronavirus.
. Signet which owns Jared said sales down 40.5% in last quarter.
. With shops closed and weddings postponed, diamond sales which is the bread and butter not looking good.
. Both Alrosa and Debeers released dismal results on Thursday.
. Alrosa said sales of rough plummeted 89% compared to a year earlier.
. DeBeers said sales of rough down by more than 95%.
. With India‘s main polishing center closed again, large and growing glut of stones.
. Prices near multi year lows.
This might offer some “clarity”. Excuse the pun.