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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GJC Elects Anantha Padmanaban As Chairman

The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gem and jewellery industry, has elected Anantha Padmanaban as chairman and Shaankar Sen as vice chairman for a two-year period.