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India: Polished Trading Slow

As of March 20

Mar 20, 2019 10:57 AM   By Rapaport News
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Sentiment weak amid slow polished trading. Foreign buyers looking for bargains and pushing for deeper discounts on goods below 0.50 ct. Local dealers cautious, despite boost from rupee’s rise to INR 68.6/$1. Liquidity tight due to overseas purchasers delaying payments, and businesses settling accounts before the financial year-end. Rough market subdued as cutters try to reduce polished inventory and avoid manufacturing low-profit rough.

Round  
-1 point: Good demand: $300-$650 whites.
-2 point: Fair demand: $250-$375 whites.
2-7 point: Fair demand: $250-$400 whites.
8-18 point: Fair demand: $350-$600 whites.
20 points: Fair demand: +$400 whites.
25 points: 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: +$1200 whites.
  Fair demand: -$1200 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-$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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