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India: Small Goods Weak

As of September 20

Sep 20, 2018 10:58 AM   By Rapaport News
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Market quiet with many dealers at Hong Kong fair. Small goods weak, with prices softening. Suppliers holding prices relatively firm on certified goods, despite buyers pushing for higher discounts. Local purchasers cautious due to weak rupee (INR 72.85/$1). Polished production restrained due to low profit margins and tight liquidity. Local jewelry sales stable.

Round  
-1 point: Good demand: $300-$650 whites.
-2 point: Fair demand: $300-$450 whites.
2-7 point: Fair demand: $300-$450 whites.
8-18 point: Fair demand: $350-$600 whites.
20 points: Fair demand: +$500 whites.
25 points: Fair demand: +$500 whites.
33 points: Good demand: +$700 whites.
  Fair demand: -$700 whites.
50 points: Good demand: +$1000 whites.
  Fair demand: -$1000 whites.
75 points: Fair demand: +$1000 whites.
1 carat+: Good demand: +$2000 whites and lower colors.
  Fair demand: $1200-$2000 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+: Good 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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