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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Gold Punished, Again

Gold analyst SANJIV AROLE does a deep dive into the repercussions of the crippling hike in the gold import duty to 12.5%, which comes at a time when the gem and jewellery industry is besieged with its own set of challenges.

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