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Rapaport Weekly Market Comment

Author: unknown - Published 15-11-2018 22:04 - ( Reads)
Polished trading stable in 1 ct. and larger, with dealers optimistic for Black Friday and holiday season. Record Alibaba Singles’ Day (11/11) sales of $30.8B boost outlook for e-commerce, despite concerns US-China trade war will impact consumer spending. Rough market cautious.

Mumbai Exchange Mulls Lifting Synthetics Ban

Author: unknown - Published 15-11-2018 22:03 - ( Reads)
Mumbai’s Bharat Diamond Bourse (BDB) is considering allowing synthetic-diamond trading on the exchange premises, its president told Rapaport News this week.

WDC Issues Definition of Conflict Diamonds

Author: unknown - Published 14-11-2018 22:05 - ( Reads)
The World Diamond Council (WDC) has released its proposed new Kimberley Process (KP) definition of conflict diamonds, which addresses a broader range of human-rights abuses.

Rare Pink Diamond May Rake In $50 Million In Auction

Author: unknown - Published 10-11-2018 13:42 - ( Reads)
The Pink Legacy, an exceptionally large pink diamond, is set to go under the hammer at Christie's in Geneva next week, when it is expected to bring in up to $50 million.

Diamond sales balloon in Q3

Author: unknown - Published 09-11-2018 13:36 - ( Reads)
The latest numbers represent a sharp turnaround from a slow year in which average prices per carat were soft, while production continued to tick higher.

Gold prices fall for third day, silver rates slump

Author: unknown - Published 09-11-2018 13:32 - ( Reads)
Gold prices today fell for the third day, pushed lower by muted domestic demand and weak global cues. Gold rates fell by Rs 150 to Rs 32,250 per 10 grams, its third straight loss. Silver prices too fell sharply today after they declined by Rs 600 to Rs 38,400 per kg. The bullion market in Delhi was closed on Thursday on account of ‘Govardhan Pooja’. Gold prices had declined by Rs 210 to Rs 32,400 per 10 grams during special ‘Diwali Muhurat’ trading on Wednesday.
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