Retail diamond prices edged higher in October following price dips charted by Pricescope in September. Retail diamond price changes are based on Pricescope’s database of over 450,000 diamonds from retail stores.
The IDEX Online Polished Diamond Index was nearly flat in October, increasing by 0.1 percent compared to September. One-carat rounds declined by 0.4 percent in October.
Couples thinking about getting married someday might want to consider way-in-advance planning for the ring. Diamond prices will not be getting any cheaper and might even soar in about four years.
To protect the interests of small diamond processors, the government is looking to raise import duty on cut and polished (C&P) diamond to five per cent from the existing two per cent.
SURAT: Huge quantities of rough diamonds from Zimbabwe are set to flow into the world’s biggest diamond cutting and polishing centre in Surat after Diwali festival.