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India: Few Foreign Buyers in Market

As of January 10

Jan 10, 2019 10:57 AM   By Rapaport News
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Slow trading, with few foreign purchasers in the Mumbai market. Buyers selective, but having difficulty finding the right goods at the right price. Suppliers maintaining stable prices on fresh supply, but have a lot of older merchandise in stock. Manufacturers keeping production below capacity for now, as concerns about profitability persist. Banks raising collateral requirements, with liquidity crunch expected through the end of the fiscal year on March 31.

Round  
-1 point: Good demand: $300-$650 whites.
-2 point: Fair demand: $225-$375 whites.
2-7 point: Fair demand: $225-$375 whites.
8-18 point: Fair demand: $350-$600 whites.
20 points: Fair demand: +$400 whites.
25 points: Good demand: +$500 whites.
  Fair demand: -$500 whites.
33 points: Good demand: +$700 whites.
  Fair demand: -$700 whites.
50 points: Good demand: +$800 whites.
  Fair demand: -$800 whites.
75 points: Fair demand: +$1000 whites.
1 carat+: Good demand: +$1500 whites.
  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-$550 whites.
+7-18 point: Fair demand: $500-$800 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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