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India: Cutters Under Pressure

As of June 13

Jun 13, 2019 10:57 AM   By Rapaport News
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Weak sentiment, with manufacturers under pressure due to sluggish polished demand and tight profit margins. Factories operating at reduced capacity, and some manufacturers slashing salaries of polished workers. Fewer foreign buyers in Mumbai after Las Vegas shows. Steady orders for 0.30 to 0.99 ct., G-J, VS-SI diamonds, but prices continue to soften. Concern that rising demand for synthetics is cannibalizing small-stone market.

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: +$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-$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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