Demand for larger diamonds - 3.0-cts and above - is strong, say traders at the IIJS Premiere 2023
Ovals, emeralds, pears, marquise and other fancy shapes are also popular. Fancy prices have held up better than rounds - down 25 per cent drop since February, compared to 30 or 35 per cent for rounds.
Organizers of the event, the biggest industry show after JCK, are expecting $5.9bn of trade by the time the six-day event closes on 8 August
"There is a notable demand for large stones, which are carat plus diamonds, and small diamonds below 50 points," Akshay Shah, director of sales, Solitaires at Dharmanandan Diamonds,
Buyers reported positive sentiment ahead of Diwali, in November and the wedding season from November to February.
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