“The fear of sanctions and absence of clarity are impacting the commerce,” said a leading diamond exporter, who did not want to be named. Manufacturers of lab-grown diamonds – which are 80% cheaper than natural diamond – also claimed that export volumes have increased with the US being the biggest importer. They attributed the autumn in export value to price instability after several new players entered the market. “Natural diamond jewelry sales were up 5.1% by items and four.7% by income in November, when holiday purchases picked up in the US. Loose diamond unit gross sales rose 16% in November on a year-on-year foundation,” mentioned Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council . Arcana Obscura on Monday this week claimed that 20 percent of the sales on Etsy Shop or Acrana Obscura’s house website might be donated for the cause.
He highlighted the expansion of the …