Tivol president resigns

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Trading activity mixed. India seasonally weak with sluggish demand for melee through halves. Shortages of 0.70-0.90 collection goods driving demand. 1.00ct-1.50ct,H+,SI+ improving. Two carats weak. U.S. April polished imports +8% to $1.2b Exports +32% to $813m. Belgium May polished exports +7% to $966m, rough imports +3% to $937. De Beers Diamdel will close operations in S. Africa, Namibia, and Shanghai and focus activity on India.
Fancies: Overall fancy shape demand is sluggish with a few very good to excellent areas. In general, the bigger the better. Well made big stones are booming with excellent demand and very tight supply. Lower quality smaller sizes are especially weak reflecting a general weakness in U.S. retail demand. Mid qualities and sizes are fair to good. Far East demand is much better than the U.S. and supporting the market.
Princess Cuts: Prices are weakening as square shape demand shifts to Cushions and Asschers. In general demand is moving from straight fancies (square shapes) to curved fancies (MQ, OV, PS etc.). Princess discounts are higher than Pears.
Emerald Cuts, Asschers and Radiants: Doing well in large sizes with discounts from Pears coming down. Layouts bringing better prices.
Marquises: Demand improving for medium to smaller sizes with shortages of well made better quality caraters.
Ovals: Steady with prices approaching Pears.
Hearts: Relatively weak but larger well shaped made better quality stones selling well in Hong Kong. The shape and life of the Heart is most important.
Notice: Oversizes bringing 5% to 10% premiums over similar quality straight size.
Oversizes are (0.60-0.69), (0.80-0.89), (0.96-0.99), (1.30-1.49), (1.75-1.99), (2.50+), (3.50+), (4.50+) and (5.50+)


Tivol president resigns

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