Rolling coverage of the latest economic and financial news
- Latest: Bank of England on “Stable Coin” Regulations
- UK house prices are rising fastest since 2014
- Wales saw the biggest rise in home prices
- Halifax: Prices may continue to rise after the stamp duty vacation is over
Just a while ago:
- INTRODUCTION: China’s export growth slowed in May
- Experts blame chip shortage and Covid-19 outbreak
- Imports surged due to rising product prices
- German factory orders fell in April
2:17 pm BST
Bloomberg reports that De Beers has raised the price of some gemstones by about 10% this week in response to strong demand from buyers.
The diamond industry, which had been stagnant at the beginning of last year’s pandemic, has regained its vitality in the last six months. Cutting centers in India and Antwerp are replenishing supplies after being unable to purchase during the worst crisis. At the same time, demand surged during a surprisingly large holiday.
This created an opportunity for the largest producers to raise prices rapidly. De Beers has increased since the end of last year and has already returned to pre-coronavirus levels. In the first three sales in 2021, rough stone sales exceeded $ 1.6 billion, the highest since 2018.
2:08 pm BST
The surge in UK home prices has helped push consumer confidence into a more stable territory ….
… but, of course, this is not the case if you are lowering the purchase price of the property.
This growth is once again underpinned by confidence in home prices as real estate prices rise to their highest in seven years, but labor shortages have led to significant optimism about job security over the next 12 months. It is supplemented by the increase.
“The last 30 days of business activity and the outlook for households over the next 12 months are the only indicators that have shown little change, as no indicators have declined this month. Nevertheless, the indicators are still positive. And it shows that more British people feel confident than others. “
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UK home price inflation hit a seven-year high – business live, led by Wales
Source link UK home price inflation hit a seven-year high – business live, led by Wales