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Rapaport Weekly Indian Market Report

As of February 11

Feb 11, 2016 10:00 AM   By Rapaport News
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  Polished trading slowed slightly as Hong Kong and China went on vacation. U.S. demand consistent and supporting the market. Domestic demand cautious with weak rupee (-2.6% to 67.9/$1 in 2016) affecting confidence and adding to local expenses. IIJS Signature show quiet. Steady demand and shortages of better-quality RapSpec A2 (3X, none) diamonds. Shortages supporting prices as new polished production coming to market at a slow pace. Manufacturers increasing production after large volume of rough purchased in January. Significant increase in polished availability expected in about three months. Rough trading slowed compared to last week and premiums have come down a bit.

Round  
-1 point: Good demand: $250-$500 whites.
  Fair demand: $300-$400 white natts.
-2 point: Fair demand: $300-$450 whites and $250-$350 white natts.
2-7 point: Good demand: $300-$500 whites.
  Fair demand $250-$350 white natts.
8-18 point: Very good demand: +$300 whites.
20 points: Fair demand: -$400 & +$650 whites.
25 points: Good demand: +$700 whites.
  Fair demand: $-400 whites.
33 points: Good demand: $700-$1300 whites.
  Fair demand: $400-$700 whites.
50 points: Good demand: +$1000-$1500 whites.
  Fair demand: -$800 whites.
75 points: Fair demand: $700-$900 and +$1,500 whites.
1 carat+: Good demand: +$1,500 whites and top shades.
  Fair demand: $700-$1000 whites.
   
Princess  
-3 point: Fair demand: $200-$300 whites.
+3 point: Fair demand: $200-$300 whites.
+9-18 point: Good demand: $350-$500 whites.
20 point: Fair demand: $600-$700 whites.
25 point: Fair demand: $800-$900 whites.
33 point: Fair demand: $500-$800 whites.
50 point: Good demand: +$800 whites.
75 point: Fair demand: $1,000-$1,400 whites.
1 carat+: Fair demand: +$1,500 whites.
   
Marquise  
-6 point: Fair demand: $400-$550 whites.
+7-18 point: Good demand: $500-$800 whites.
20 point: Fair demand: $300-$500 whites.
25 point: Good demand: $350-$550 whites.
33 point: Good demand: $500-$700 whites.
50 point: Good demand: $800-$1000 whites.
75 point: Fair demand: $800-$1000 whites.
1 carat+: Fair demand: +$1000 whites.
   
Tapers & Baguettes  
  Fair demand: $350-$400 2mm-2.5mm whites.
                           $450-$500 2.5mm-3mm whites.
                           $600-$700 3mm-4mm whites.
                           $700-$800 4mm-5mm whites.
                           $800-$1,000 +5mm whites.
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