Contact Person : Jack
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May 18, 2020
With the US retail industry blocked, France is also deeply affected. All categories, including top brands and large brands, have weaknesses because luxury brands have temporarily closed stores. US retail stores and diamond trading centers are still closed, and companies are under pressure. Worries about the upcoming wave of bankruptcy. The Jewelers Trade Commission reported that many companies stopped production in the first quarter. The cancellation of the Las Vegas JCK and the Luxury Show reflects the weak outlook for the rest of the year. When Belgium was fighting the coronavirus, the exchange was still closed. The market is at a standstill. The Israeli overseas retail industry is still closed and the industry remains calm. The trading floor of the exchange will be closed without notice. The government partially relaxed restrictions on mobility, but still restricted business activities and suggested that people stay at home.
April 22-27, Israel Rapaport Single Stone Auction. India's manufacturing and trade have been suspended because the country is still in a state of blockade. Surat Polishing Industry and Bharat Diamond Exchange were closed as early as May 3rd.
Hong Kong activity has gradually recovered, but diamond trading has been slow due to the closure of other diamond centers. Indian industrial groups called for a suspension of roughing imports from May 15 for a month to ease liquidity and deplete existing polishing stocks.