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Diamond & Precious Metals, Week In Review: 2/18/04
U.S. Valentine's Day sales steady with very strong sales for
high-end and internet retailers. Trading markets are
strong, with scarcity of 2-4ct, I+, SI2+ firming prices, fancy shapes
strong especially in 1-2ct, G-J, SI goods. U.S. 2004 total retail
jewelry sales up 5% to $28.3 billion. U.S. 2004 polished diamond imports are up 14% to $14 billion, rough up 7% to $753 million.
Gold and Platinum prices holding steady and firm at $427.00 and 867.00
respectively.
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