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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Domestic Council For Gems & Jewellery Launched

Suresh Prabhu, the union minister for commerce & industry and civil aviation, inaugurated the Domestic Council for Gems & Jewellery (DCGJ) at a glittering function organised by the Gem & Jewellery Export Promotion Council (GJEPC) in Mumbai on January 29th.