| The diamond market has opened 2012 sluggishly with both rough and polished prices easing. Although the retail sector experienced a steady Holiday Season, the sentiment in the global diamond trading market is being influenced by the volatile macro-economic state of affairs. Jitteriness has thus crept back into the diamond market with traders becoming more eager to diminish inventory levels.
The major rough diamond suppliers reduced their prices in January in line with market expectations sending a clear message of cautiousness throughout the diamond pipeline. Now the markets are looking to China as it enters into the crucial Chinese New Year as a source of positive momentum leading into Valentines Day...............................................Full Article: Source
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