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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De Beers: Challenging Midstream Environment Hits H1 Earnings

De Beers reported a 17% decline in total revenue to $2.6 billion for the first half of 2019 that ended June 30th 2019, with rough diamond sales declining by 21% year-on-year to $2.3 billion.

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