What factors influence polished diamond prices and what can we expect? Have prices hit bottom? What short- and long-term factors do India's business leaders see affecting diamond prices, investment demand and the commoditization of gemstones? This panel discussion took place during the annual Rapaport International Diamond Conference, which was held on August 29 in Mumbai. Martin Rapaport, the chairman of the Rapaport Group, led the discussion with guests: Russell Mehta, the managing director of Rosy Blue India; Ashish Mehta, a partner with Kantilal Chhotilal and Vishal Doshi, the group executive director of Shrenuj.