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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US Demand Scenario Is Optimistic

The Gem & Jewellery Export Promotion Council (GJEPC) said that India’s exports of gem and jewellery products to the US market is expected to be encouraging during the holiday sales period owing to factors such as rising GDP growth, employment rate and private consumption expenditure in the country.

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