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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Who Pays The Hidden Price For DRC’s Conflict-free Minerals?

Valentin was in trouble. His arms were tied behind his back and he couldn’t move.
The sun was beating down in the courtyard of the mining company where he and his friends were being held.
The men had been arrested by mining police for peacefully protesting the low price of the coltan ore they had dug out by hand from deep narrow shafts in the Democratic Republic of Congo (DRC).
Western activists have sought to help end violence in Congo by championing conflict-free mineral policies that aim to stop armed groups profiting from the trade. But thousands of miners like Valentin are paying a heavy price. At his mine, Kisengo, a monopoly on clean coltan has kept prices low, reduced revenues, and driven some miners to trade their wares illegally or move into the illicit artisanal gold sector.

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