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India: Trading Collapses Amid Virus Shutdown

As of March 26

Mar 26, 2020 10:57 AM By Rapaport News

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Trading collapsed due to coronavirus shutdown in all key retail markets. Rising concerns about spread of COVID-19 within India. Surat polishing industry closed as the country enforces nationwide 21-day lockdown. Bharat Diamond Bourse in Mumbai closed. Government announces concessions to help small businesses with financial difficulties and prevent bankruptcies. Depreciation of rupee (-4% since March 1 to INR 75.2/$1) increases pressure on suppliers.

Round
-1 point:	Fair demand: $300-$650 whites and below $200 whites and white natts.
-2 point:	Fair demand: -$175 whites and white natts.
2-7 point:	Fair demand: -$175 whites and white natts.
8-18 point:	Fair demand: -$200 whites.
20 points:	Fair demand: +$300 whites.
25 points:	Fair demand: +$350 whites.
33 points:	Fair demand: +$400 whites.
50 points:	Fair demand: +$500 whites.
75 points:	Fair demand: +$800 whites.
1 carat+:	Fair demand: +$1000 whites and top shades.

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-$700 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: $300-$400 2mm-2.5mm whites.
	$400-$500 2.5mm-3mm whites.
	$600-$700 3mm-4mm whites.
	$700-$800 4mm-5mm whites.
	$800-$1,200 +5mm whites.