Diamond market quiet amid stalled China recovery and US economic caution.
US consumer confidence +0.8% in March despite banking turmoil and interest rate hikes offering optimism going forward.
Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value.
In India, slower activity amid sluggish US demand. Polished production gradually increasing as Chinese jewelers have resumed buying.
In Hong Kong sentiment positive as market continues to reopen.