Diamonds, News & Features, Resource News
India’s diamond traders ready themselves for the festive season
By Mineweb · September 6, 2011 · 8:34 am · Leave a Comment
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By Shivom Seth
A recent surge in prices of polished diamonds and a similar rise in the rates for roughs since July last year has hiked the cost of diamond jewellery, making it unaffordable for many price conscious Indian customer.
According to an investment banker, whose firm compiles data on the wholesale market, the value of polished diamonds of 5 carats or 1 gram, rose to about $150,000 a carat, up from about $100,000 to $120,000 a year ago.
