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India: Weak Rupee Hits Local Market

As of July 12

Jul 12, 2018 10:58 AM   By Rapaport News
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Sentiment down somewhat as rupee currency devaluation (-7% since Jan. 1 to INR 68.8/$1) affects local transactions. Buyers cautious due to higher polished prices and weaker exchange rate. Suppliers maintaining prices with slightly lower polished production. Steady interest in 1 ct., J-L, SI1-I2 diamonds. Rise in availability of 0.50 ct., D-H, IF-VS stones.

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-$700 whites.
25 points: Good demand: +$600 whites.
  Fair demand: -$600 whites.
33 points: Good demand: +$700 whites.
  Fair demand: -$700 whites.
50 points: Good demand: +$1000 whites.
  Fair demand: -$1000 whites.
75 points: Good demand: +$$1000 whites.
1 carat+: Good demand: +$2000 whites and lower colors.
  Fair demand: $1000-$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: Good demand: $800-$1200 whites.
75 point: Good 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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