×
495
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Gadwal
Permanent · Gadwal
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
SHOP LUNE
Digital Marketing Specialist
Permanent · MUMBAI
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
By
Reuters
Published
Sep 8, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Rapaport sees rising Chinese, Indian diamond demand

By
Reuters
Published
Sep 8, 2009

LONDON (Reuters) - Demand for polished diamonds is growing briskly in China and India but not quickly enough to make up for the drop in buying in the world's top market the United States, diamond entrepreneur Martin Rapaport said.



"We've seen a fundamental shift to Far Eastern markets so where the U.S. has declined and is not expected to pick up in the near future, we are seeing growth in India and China," Rapaport told Reuters television in an interview on Monday 7 September.

"(This) is probably going to carry the market in the future, as it will (in) other markets."

Sales of diamond jewellery have fallen sharply in the United States due to recession.

Rapaport, whose group holds periodic auctions in wholesale polished diamonds, later told a seminar that Chinese and Indian diamond demand were growing from a small base relative to demand in the United States.

"India and China are growing fast, but not big enough to compensate for weaker U.S. demand," Rapaport said, speaking at the International Jewellery London (IJL) trade show which runs from September 6-9.

"The U.S. and Europe are saturated," he added.

Rapaport said he believed global demand for diamonds would grow in coming years, driven by Chinese and Indian buying, and would outpace supply.

The Rapaport Group sold around 43,000 carats of polished diamonds at an auction held in the United States last week, Rapaport said. "Looks like we sold them all," he said.

"The tender sold out," he added.

"What we are doing is actually repositioning excess diamonds from the U.S. into India and other developing countries."

The auction, held from August 31 to September 3, was open to members of the international diamond trade including cutters, manufacturers, wholesalers and retailers.

Sizes and qualities ranged from -2.5 sieve plate assortments to certified stones of more than 3 carats.

Additional 2009 auctions will be held on November 16-19 and December 7-10.

By David Brough and Martina Fuchs

© Thomson Reuters 2021 All rights reserved.