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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Mines To Market Maps Out Future Challenges

The Mines to Market diamond conference, organised by the Gem & Jewellery Export Promotion Council (GJEPC) in Mumbai on March 19-20, successfully brought together distinguished speakers from across the various segments of the diamond pipeline. Shanoo Bijlani and Regan Luis report. Last held seven years ago, the Mines to Market conference saw major stakeholders engage in a dialogue over issues such as finance, profitability and synthetics among others. The conference also marked the 50th year of the GJEPC and the occasion was celebrated in grand style with a gala dinner that was addressed by Prime Minister Narendra Modi.
Mines to Market 2017 was inaugurated by Piyush Goyal, minister of state (independent charge) for power, coal, new & renewable energy and mines, Government of India.