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India: Cutters Shifting to Lower-Cost Goods

As of August 22
Aug 22, 2019 10:57 AM   By Rapaport News
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Slight improvement, with more US and Israeli buyers looking for bargains in Mumbai. Demand has narrowed to specific categories. Overseas jewelers not yet placing large inventory orders. Stable demand for 1 ct., G-J, SI-I1 goods for US engagement ring market. Weakening rupee and stricter customs controls weighing on sentiment. Polished production reduced, with shift to lower-cost items.

Round  
-1 point: Good demand: $300-$650 whites.
  Fair demand: $150-$200 whites.
-2 point: Fair demand: $150-$200 and $250-$400 whites.
2-7 point: Fair demand: $150-$200 and $250-$400 whites.
8-18 point: Fair demand: $350-$600 whites.
20 points: Fair demand: +$400 whites.
25 points: Good demand: +$500 whites.
33 points: Good demand: +$500 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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