Rapaport TradeWire September 9, 2011

Diamond markets quiet due to price uncertainties with some suppliers offering goods at low prices.

Diamond markets quiet due to price uncertainties with some suppliers offering goods at low prices. Market waiting for Hong Kong show amid hopes that Far East demand will improve industry sentiment and stabilize prices. One carat RapNet Diamond Index (RAPI) falls 4% to 103.91 in August. Rough trading weak. ALROSA sales +23% to $3.2B in first eight months of 2011. Harry Winston 2Q group sales +45% to $222M, net profit -23% to $10M. U.S. July polished imports +25% to $2.06B, polished exports +20% to $1.42B. Volatile gold sets new record ($1,922.20/oz).