India: Market Still Slow

Fewertransactions than this time last year, despite strong foreign-dealer presencein Mumbai. Buyers looking for bargains amid rumors of tight liquidity andfinancial distress. 0.30 ct. diamonds selling in parcels since prices ofcertified goods have declined. GIA has reduced grading fees for 0.30 by 10%. Soliddemand for SI1-I2 parcels. Manufacturers maintaining low polished production.

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