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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Dhanteras Lifts Market Sentiments

The government’s timely decision to exclude jewellery purchases from the Prevention of Money Laundering Act, 2002, (PMLA) as well as the retraction on PAN card requirement for jewellery purchases above L50,000 ensured that jewellery stores sparkled on Dhanteras.