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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Suresh Prabhu Digitally Inaugurates IIGJ Udupi, Coimbatore CFC

Suresh Prabhu, the union minister of commerce & industry and civil aviation, inaugurated the Indian Institute of Gems & Jewellery (IIGJ) in Udupi, and laid the foundation stone for the Common Facility Centre (CFC) in Coimbatore, through video conference, in New Delhi on February 22nd.