India: Suppliers Holding Prices Firm

By Rapaport News / January 03, 2019 / www.diamonds.net / Article Link

Polished trading down, with few foreign buyers inthe market over Christmas-New Year. Suppliers holding prices firm during lull,but willing to discount on very old stock. Manufacturers raising polishedproduction, but wary due to high inventory levels. Consolidation expected thisyear as bankruptcy rumors persist. Jewelry sales stable during ongoing weddingseason.
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