The price of diamond will present downtrend recently
Post Date: 23 Aug 2011 Viewed: 480
Recently, diamond prices continue soaring. Journalists learned news from diamond factories in Zhuhai that diamond prices trend to drop and that of diamond abrasives have declined about 10 percent compared to May. For this, journalists interviewed the director in charge from the enterprises of Henan and Hebei.
They both identified that recent diamond prices have dropped, but only slightly. An individual in charge told journalist that the diamond prices of Huanghe whirlwind have declined two cents each carat, which does not have too big effect for the enterprise. Reported from the sales department of Zhongnan Diamond Company, raw materials prices had the first day declined 0.03 Yuan each carat, an approximate 10 percent slip compared to that of May.
Journalists interviewed one of diamond tools factories in Hebei, learning though diamond prices were slightly volatile, the diamond tools manufacturers can not help for the continuing decline for diamond tools since Jun.
It needs further observation that diamond prices will continue to drop or have a provisional volatility.