Outlook Maintained By De Beers for Season amid Market Turmoil!

Even though there has been a tremendous breakdown in financial markets this week, De Beers has been stable for its sale of diamond jewelry in the present year. The head of global sight holder sales, Mr. Paul Rowley, stated, “One can’t ignore what has happened on the financial markets in the past few days and weeks, but we also see our product doing quite well in these times. We see diamonds in general bucking the trend a little.”

The global sales of De Beers’ diamond jewelry had increased 3 percent in 2014. However, due to the slower growth observed in China and the effect of U.S. dollar on the markets it dominates, the progress of this year has been deeply affected.

Yet, the diamond miners forecast positive changes in the buying ability of customers in the United States, especially during Christmas, which is said to be a season for shopping. Rowley also expects to have a stable sale in China in the month of February, thanks to the period of Chinese New Year.

Demand for the polished diamonds:

Rowley has observed a stable demand for polished diamonds in the Chinese markets. “We saw a lot of those goods going to the Gemological Institute of America (GIA) for grading, but we subsequently didn’t see them fully turn into consumer demand;” said Rowley.

Appetite for the product:

Although the demand would not bounce back overnight, Rowley believes that they are still at a very reasonable position at the moment, especially with Christmas approaching.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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