Diamonds is a precious gemstone, which is desired by most of the individuals. This is used for gift or like. The gemstones are considered as a symbol for prosperity and power. The art of finding, radiating and evaluating them has changed radically. The study of gemstones is has a new line of study and as a career path for new seekers. There is a facility to the new job seekers that they may get latest Diamond Market News. Some of the news include Hong Kong has shown better result in sales of diamonds by selling at a low price.
As per the latest news of diamond industry, the industry of diamond is no more flourished, as the young individuals are moving into the textile industry. The luxury seekers in Surat, in the meantime are making the customers seeking for quality diamonds busy. The diamond industry is seeking GST waiver on supply of gemstones meant for export. After GST council created a separate, 3% slab on metals or diamonds, which has been giving the industry, as per its demand for a lower rate.
The demand of diamonds as shown a rise in the India, whereas, it has gone dull into the United States. The technology of Israel is trying to create a revolution in the diamond industry. This has enabled the diamond traders or manufacturers to assure that every particular stone is valued for its ideal sales market. The prices of the rough stones have also risen by 2% or 3%. There has also been an increase in the prices of the polished diamonds.
The latest news on diamond industry is that the diamond industry is looking to millennial. It has been said that the industry of diamonds is going to show remarkable results in the coming years. If the diamond industry looks for younger generations, then there is a possibility of the questions on advertising and products. This has been reported that diamond is not in the market today but will be in the future. They reported a significant opportunities for the diamond industry.
They have suggested that huge marketing efforts are required to target the customers effectively. The products that have come up in the millennial were the laboratory diamonds. The market of the diamond is not sitting idle, even though there is a shift in the market. As per another article, the diamond traders have asked miners to explore mining in India. This has been the first time that the demand for the diamond industry has approached. Interesting information is that a diamond merchant in Surat gifts a scooter as a performance bonus to his employees.
At the time of demonetization, a statement has been passed at the consumer level that it had a negative impact on the sales, but has been fading. The demand for diamonds is a bit sluggish, as compared to the last year. This has given rise to the possibility of getting the prices of the diamonds lower and makes it cheaper.