Weaker prices take lustre off Gem Diamonds

A disappointing pricing environment has continued to slow the progress of Gem Diamonds in the second half of 2012, although there were signs in October of the market perking up.

A disappointing pricing environment has continued to slow the progress of Gem Diamonds in the second half of 2012, although there were signs in October of the market perking up.

Rough and polished market indices are beginning to reflect a more encouraging overall trend, the company noted, but the rough trade is expected to be quieter in November as the Indian market celebrates Diwali.

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