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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Sir Jony Ive, Apple’s chief design officer, and renowned industrial designer Marc Newson have designed a unique labgrown diamond ring, which will be auctioned by Sotheby’s in Miami on December 5th as part of the third (RED) auction, with proceeds going toward the fight against AIDS.