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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India’s 2016 Platinum Jewellery Demand On The Up

Global platinum jewellery demand declined by 11% year-on-year to 2,565 koz last year, according to the latest Platinum Quarterly report, which examines activity in the fourth quarter of 2016, released by the World Platinum Investment Council (WPIC). This decline is largely owing to a substantial drop in China, where manufacturer usage fell by 20% to 1,410 koz. Demand changes elsewhere were net positive overall, but were relatively insignificant compared to China’s losses.
Demand in India recovered strongly in the second half of 2016, as anticipated, posting solid full-year growth of 11% to 245,000 oz despite the strike by jewellery retailers in H1 2016. However, the strike

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