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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Union Budget 2019-20 Disappoints

The Union Budget 2019-20 presented to parliament by union minister of finance and corporate affairs, Nirmala Sitharaman, came as a shocker to the industry as most of its prior recommendations were ignored.