Weekly Round-Up Of Global Markets

Finance and Trade
11/09/2015 08:36

With the Hong Kong Gems and Jewellery Fair due to kick off on Wednesday (September 16), all eyes are focused on the show, one of the major events on the global industry's calendar. Expectations are low and some dealers will not attend the fair due to its timing right after the Jewish New Year holiday and Jain holidays. Demand for polished goods for the Chinese wedding market is seen as stable, while luxury items continue to see low orders due to weakness in the country's economy and the recent battering suffered by the Shanghai stock market. Meanwhile, trading in rough remains slow and Alrosa is seen cutting prices by about 10% next week.