FORTNIGHTLY MARKET REPORT
Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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The Gemmological Institute of India (GII) and China’s National Gem Testing Center (NGTC) are organising an open form in Hong Kong on February 28th to discuss the formation of the Asia-Pacific Gemstone and Technology Standardisation Alliance (AGA).

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