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India: Gold Demand Supports Jewelers

July 11, 2019

Sentiment weak amid slow trading, tight liquidity and squeezed profits. Foreign buyers trying to take advantage by pushing for discounts. Domestic buyers cautious. Steady interest in 1 ct., G-J, SI goods. Strong gold demand supported jewelers in June, but rise in import duty to 12.5% expected to curb sales.

Round
-1 point:Good demand: $300-$650 whites.
Fair demand: $150-$200 whites.
-2 point:Fair demand: $250-$375 and $150-$200 whites.
2-7 point:Fair demand: $250-$400 and $150-$200 whites.
8-18 point:Fair demand: $350-$600 whites.
20 points:Fair demand: +$400 whites.
25 points:Fair demand: +$500 whites.
33 points:Fair demand: +$500 whites.
50 points:Good demand: +$800 whites.
Fair demand: -$800 whites.
75 points:Fair demand: +$1000 whites.
1 carat+:Good demand: +$1500 whites.
Fair demand: -$1500 whites.
Princess
-3 point:Fair demand: $200-$300 whites.
+3 point:Fair demand: $200-$300 whites.
+9-18 point:Fair demand: -$400 whites.
20 point:Fair demand: $400-$500 whites.
25 point:Fair demand: -$500 whites.
33 point:Fair demand: $500-$800 whites.
50 point:Fair demand: +$800 whites.
75 point:Fair demand: $900-$1,200 whites.
1 carat+:Fair demand: +$1,500 whites.
Marquise
-6 point:Fair demand: $400-$500 whites.
+7-18 point:Fair demand: $500-$750 whites.
20 point:Fair demand: $300-$500 whites.
25 point:Fair demand: $350-$550 whites.
33 point:Fair demand: $600-$900 whites.
50 point:Fair demand: $800-$1200 whites.
75 point:Fair demand: $900-$1300 whites.
1 carat+:Fair demand: +$1200 whites.
Tapers & Baguettes
Fair demand: $350-$400 2mm-2.5mm whites.
                      $450-$500 2.5mm-3mm whites.
                      $600-$700 3mm-4mm whites.
                      $700-$800 4mm-5mm whites.
                      $800-$1,000 +5mm whites.

Article originally published on Diamonds.net here

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