India: Weak Rupee Hits Local Market

Sentiment down somewhat as rupee currencydevaluation (-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. Steadyinterest in 1 ct., J-L, SI1-I2 diamonds. Rise in availability of 0.50 ct., D-H,IF-VS stones.

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