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India: Normality Returning After Diwali Break

As of November 14

Nov 14, 2019 10:57 AM   By Rapaport News
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Mumbai trading back to normal after Diwali break. Israeli and Korean buyers looking for SI and I1 goods. Surat cutters to resume operations on Nov. 18. Manufacturers resisting pressure to reduce polished prices after rough declines. Volatile rupee (INR 72/$1) adding to market uncertainty. Jewelers expecting sales to pick up during upcoming wedding season.

Round  
-1 point: Good demand: $300-$650 whites.
  Fair demand: $150-$250 whites.
-2 point: Fair demand: $250-$475 whites.
2-7 point: Fair demand: $250-$400 whites and $150-$200 whites.
8-18 point: Fair demand: $350-$600 whites.
20 points: Fair demand: +$400 whites.
25 points: Fair demand: +$400 whites.
33 points: Fair demand: +$400 whites.
50 points: Fair demand: +$500 whites.
75 points: Fair demand: +$1000 whites.
1 carat+: Good demand: +$1500 whites and top shades.
  Fair demand: -$1500 whites.
   
Princess  
-3 point: Fair demand: $200-$300 whites.
+3 point: Fair demand: $200-$300 whites.
+9-18 point: Fair demand: -$400 whites.
20 point: Fair demand: $400-$500 whites.
25 point: Fair demand: -$500 whites.
33 point: Fair demand: $500-$800 whites.
50 point: Fair demand: +$800 whites.
75 point: Fair demand: $900-$1,200 whites.
1 carat+: Fair demand: +$1,500 whites.
   
Marquise  
-6 point: Fair demand: $400-$500 whites.
+7-18 point: Fair demand: $500-$750 whites.
20 point: Fair demand: $300-$500 whites.
25 point: Fair demand: $350-$550 whites.
33 point: Fair demand: $600-$900 whites.
50 point: Fair demand: $800-$1200 whites.
75 point: Fair demand: $900-$1300 whites.
1 carat+: Fair demand: +$1200 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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