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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The recently concluded IIJS Signature exhibition, Design Inspirations seminar, and The Artisan Awards all point to India’s holistic approach to generate business and to put design front and centre, to achieve its goal of becoming the world’s leading jewellery manufacturing powerhouse.