Auction bids are held from Monday 13 March to Friday 17 March. Results will be announced shortly after the closing of the tender at noon on 17 March.
Trades are conducted at a specialized site Antwerp Diamond Tender Facility in the building of the Antwerp World Diamond Center (AWDC).
Requests for participation will be accepted upon confirmation of dates, number and names of the delegated officials.
First Element is a fully independent company services to the diamond industry, and one of the leaders in the field of valuation, marketing, negotiation and tenders.
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Demand for gold is considered auspicious for buying the metal festival of Akshaya Tritium remained subdued due to high gold prices. However, despite the weak sales of the jewelry segment across the country, the holiday still has some support for the jewelry industry.
Mumbai jewelers have registered good sales due to the high number of buyers.
In Pune the demand was high mainly in the light ornaments and gold bullion. The rise in gold prices has been well received by customers, and purchases were brisk throughout the day.
Although the overall volume of transactions this year were lower than previously, given the past market sentiment, it is certainly a good start to the year for the jewelry industry.
Good sales were recorded across the state of Gujarat. Consumers are interested in buying gold jewelry light, but sales of diamond jewelry were also quite high.
However, the trade performance during Akshaya Tritium 2016 were lower than last year, although the festival and improved market sentiment.
In general, compared with last year, in South India, sales grew by 5%. Sales of coins reportedly were quite weak, but the purchase of jewelry consumers has increased dramatically.
In Chennai (South India), the sales figures were good, but customers are buying gold to a lesser extent due to the high prices. Also, against the backdrop of high prices for gold sales could fall by 15-20%, while the remaining buyers are eager to buy gold jewelry lower sample.
Similar trends were observed in North India where jewelers have achieved good sales. Demand for jewelry was higher than for bullion. The high price of gold did not affect the sale of gold jewelry.
The fact that Indian citizens shopped, even against the backdrop of high prices for gold, shows that their attitude towards this metal is still positive, but the character of gold consumption in India will not soon change.
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