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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Bonas & Co. Estimates Synthetic Production At 2.3 - 4.2 Mct

The Gem & Jewellery Export Promotion Council (GJEPC), held the second edition of the Diamond Detection Expo & Symposium (DDES) on April 14th-15th 2017 in Surat. The one-of-a-kind expo in the world’s largest diamond manufacturing centre had the leading gemmological laboratories participating under one roof, showcasing different types of machinery, equipment and technologies available to identify synthetic diamonds. Exhibitors included Gemological Institute of America (GIA), Gemmological Institute of India (GII), Gemological Science International, Indian Diamond Institute, International Gemological Institute, DRC Techno, HRDAntwerp and IIDGR among others, who showcased AMS machines, Diamond Check, Diamond Serve, Spotter, PTIR Spectroscopy, etc.
The two-day event was jointly organised by GJEPC under the auspices of the Natural Diamond Monitoring Committee (NDMC).
The show was inaugurated by GJEPC chairman Praveenshankar Pandya along with GJEPC Gujarat regional chairman

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