Gold fell to three-year lows, falling below $1,200 an ounce, the lowest in three years. But on the other hand, the price of rough diamonds is soaring, the value of which has increased by 10-15% since the beginning of the year. An upward race which, however, risks being stopped by China: the Chinese appetite for precious gems is waning with the slowdown of the economy. And the danger for diamonds is to lose their shine. The American market remains the largest in the world for diamonds, representing 35-40% of sales, but the boom in recent years is linked to developing countries, in particular China. And the De Beers data leave no room for doubt: in Shanghai alone, between 1993 and 2006, the number of brides who received a diamond engagement ring went from zero to 62%. However, fears about the stability of the economy and the Chinese credit crunch dampen the appetite for precious gems, prompting greater caution before major purchases. And the impact on diamond prices could be felt strongly. Added to this is the uncertainty over the Fed’s policies, which is causing gold prices to collapse. The American central bank’s appeals for calm are currently having no effect on the prices of the precious metal, which continues its downward trend. The president of the New York Fed, William Dudley, intervened to try to calm investor fears, as did the president of the Atlanta Fed, Dennis Lockart. The markets – they explain – have misinterpreted the president of the Fed, Ben Bernanke. \u00abIt is not the calendar, but the economy that dictates\u00bb the pace of asset purchases which, in the event of a slowdown, could even continue at a sustained pace and for a long period\u00bb, highlights Dudley.<\/p>","protected":false},"excerpt":{"rendered":"
Gold fell to three-year lows, falling below $1,200 an ounce, the lowest in three years. But on the other hand, the price of rough diamonds is soaring, the value of which has increased by 10-15% since the beginning of the year. An upward race which, however, risks being stopped by China: the Chinese appetite for precious gems is waning with the slowdown of the economy. And the danger for diamonds is to lose their shine. The American market remains the largest in the world for diamonds, representing 35-40% of sales, but the boom in recent years is linked to developing<\/p>\n","protected":false},"author":6,"featured_media":5028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[9,24,166,251],"class_list":["post-5027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-diamanti","tag-oro","tag-prezzo","tag-previsioni","style--link-1"],"acf":[],"_links":{"self":[{"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/posts\/5027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/comments?post=5027"}],"version-history":[{"count":1,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/posts\/5027\/revisions"}],"predecessor-version":[{"id":126683,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/posts\/5027\/revisions\/126683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/media\/5028"}],"wp:attachment":[{"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/media?parent=5027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/categories?post=5027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gioiellis.com\/en\/wp-json\/wp\/v2\/tags?post=5027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}