Solitaire International - Indian G&J Industry Setting Standards

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Indian Diamond Market Demand & Availability Indicator
This is an indication of the current demand & availability situation in the Mumbai diamond market, with a forecast of likely changes within a fortnight. This data is also available on the Solitaire International website http://www.gjepc.org/solitaire and fresh data will be uploaded to the site every fortnight. This service is being provided free as an introductory offer but will in future be password protected and available to subscribers of SOLITAIRE INTERNATIONAL only.

Market data as of 15/03/2008

Premiums On Sight Boxes Drop

Production still hasn't come back to full after falling off at Diwali last year. The usual April-May partial break is coming up and production will slow down even more. Despite the slowdown in production, the premiums on sight boxes have dropped sharply. Even without premiums there are few takers for the lower end goods from sight boxes.
There are shortages in almost all categories from SI upwards of goods in sieve sizes from -2 upwards. Pricing is a problem. Buyers feel they aren't getting the right sort of goods at the right price. This is due in part to shortages and to higher asking prices from sellers. Overall, polished prices have begun to rise in Mumbai. The liquidity crunch persists – the tumbling Indian stock market making things worse.

Size SIZE / CTS. (SIEVE )	Current Demand	Demand In 2 Weeks	Current Availability	Availability In 2 Weeks	Price Change In 2 Weeks	Comments
-0.01 (-2 )	VERY GOOD		SHORTAGE		2-3%	Very good demand for + $225 whites. Good demand for $80-$175 whites. Most required sieve is -0. Shortages for I1+/H+. Difficult to find parcels above 500 cts.
-0.02 (+2-6.5)	GOOD		FAIR		1-2%	Good demand for $300-$400 whites. Most required sieve is -4. Shortages for VS1+/I+.
0.03-0.07 (+6.5-11)	VERY GOOD		SHORTAGE		2-3%	Very good demand for +250 whites. Most required sieve is +8. Shortages for I1+/J+.
0.08-0.14 (+11-14)	GOOD		FAIR			Good demand for $300-$425 & +$500 whites. +0.10 cts commands a premium. Shortages for VS1+/H+.
0.15-0.17 (+14-15.5)	GOOD		FAIR			Good demand for + $350 whites. Shortages for VS2+. Difficult to find parcels above 200 cts.
0.18-0.22	GOOD		FAIR			Good demand for $200-$400 whites. Fair demand for +$700 whites.
0.23-0.29	FAIR		FAIR			Fair demand for $200-$450 whites. Shortages for 11,I2./H+.
0.30	GOOD		FAIR			Good demand for $150-$500 whites. Fair demand for VS1+/H+.
0.50	VERY GOOD		FAIR		1-2%	Very good demand for VS2+/I+. Good demand for I1-SI1/I+.
0.75	GOOD		SHORTAGE		1-2%	Very good demand for +0.75cts VS2+ / I+. Extreme Shortages for 0.80cts.-0.99cts VVS/H+.
1.00	VERY GOOD		SHORTAGE		2-3%	Very good demand for VS+/ J+. Good demand for SI1-I1/I+. Extreme Shortages for premium sizes 1.25cts & 1.75cts.- VS2+/I+.
2.00	GOOD		FAIR		1-2%	Very good demand for VS+/ H+. Shortages for VS1+/H+. Shortages for + 2.50cts sizes.
+3.00	VERY GOOD		SHORTAGE		2-3%	Very good demand for VS+/ J+. Shortages for VS+/ J+. Extreme shortages for +4.00ct.VS2+/I+.

Key:

Indicates change in status (increase, no change, decrease). Colored arrows indicate whether the change (or none) means goods will be easily Available, in Fair availability, or in Shortage.