Polished Prices

DIAMOND MARKET OVERVIEW

Traders reported a relatively quiet week for polished, as market players appear to be testing higher prices to keep up with the rise in rough. Some said prices for polished sold at wholesale are now higher than the price that jewellery retailers are willing to pay. To break the impasse, they say either rough will have to ease, or prices paid for polished at retail will have to increase. While traders are reporting overall healthy demand for polished, the US retail market remains weak. In the broader market, the main PolishedPrices index ended the week lower opening at 114.7 points on Friday, compared to Monday’s opening last week at 120.0 points.

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