| After trading lower for most of 2012 and flat all of 2013, prices of polished high quality diamonds are suddenly soaring higher. While places in South India have registered a hike of 40% to 50% in diamond prices, diamonds in Mumbai are more expensive by around $506 (Rs 30,000) for a one carat stone.
The price of big stone carats have also jumped by 20% in North India. Jewellers have attributed the sharp rise due to lower supplies and higher demand in the country, reflecting a positive outlook for the diamond sector...............................................Full Article: Source
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