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FORTNIGHTLY MARKET REPORT
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Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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Gemesis Offers Lab-grown Diamonds Online
Gemesis Diamond Company has successfully managed to mimic nature to perfection by creating the finest and rarest quality Type IIa diamonds in a lab. In what is considered a significant breakthrough, the company launched its first batch of lab-created colourless and fancy yellow diamonds last month. To put that in perspective, less than 2% of the world’s diamonds are Type IIa. But thanks to Gemesis, these Type IIa lab-grown gems will be readily available to consumers, quite literally, at the click of a button.
Gemesis is a privatelyheld organisation headquartered in Lakewood Ranch, Florida, USA. It is the world’s principal producer of gem-quality lab-created diamonds and jewellery. Through its patented technology, the company is able to deliver diamonds ofexcellent colour and clarity in substantial quantities on a commercial basis. The diamonds are available directly to consumers with its newly launched e-commerce website www.gemesis.com. A renowned example of a Type IIa diamond is the 33.19-carat “Elizabeth Taylor Diamond,” formerly known as the “Krupp Diamond”, that was recently auctioned by Christie’s.
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