Market NewsNewsChina demand boosts polished prices, report

China demand boosts polished prices, report

The prices of certain categories of polished diamonds have risen as much as 5% in the past one month on Chinese demand, bringing the sheen back to Gujarat production centres that were buffeted by India's decision in November to withdraw high-value currency notes, India's Economic Times reported. 

“FY18 will definitely be a better year demand wise. But worries remain over rising gold prices. The cost of production will rise because of a strong rupee, as we do business in dollars only. Nevertheless, demand is picking in China and the US, which is a positive trend for us," Vipul Shah, former chairman at Gem & Jewellery Export Promotion Council (GJEPC), said, according to the report 

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