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There was oversupply in the market, which led to the prices of polished diamonds
falling and manufacturers bleeding.
The recent exponential growth in Dubai's polished diamond
trade was mainly driven by India, Belgium and Hong Kong, which were the top polished diamond
trade partners for Dubai, and jointly accounted for $4.
The event was held at the iconic Almas Tower and organised by Diasqua DMCC (Diasqua), a diamond trading company specialising in polished diamonds
and a registered member of the DDE.
A recent price increase in polished diamonds
and a similar price rise in rough diamonds since July last year, has hiked up diamond jewellery prices.
Jonathan Kendall, President, IIDGR, said: We are delighted to be expanding our grading services further in Asia, where we are seeing rapidly increasing demand for IIDGRs polished diamond
Since the beginning of 2010, Rapaport Auctions have sold over 260,000 carats of polished diamonds
through monthly melee and single stones auctions in New York and India.
The Polished Diamond
Grading courses will be conducted on permanent basis from April onwards in Dubai.
buyers should inquire about the source when being offered diamonds with a greenish hue in G-Z and faint green colors.
The rating is, however, supported by the vast experience of OGPL's promoters in the cut and polished diamond
(CPD) business and the company's established relationship with customers and suppliers due to its involvement in the diamond business for more than three decades.
It was only overtaken as the world's biggest polished diamond
in 1985 with the discovery of the Golden Jubilee diamond, also at the Cullinan mine.
The surge in Dubai's polished diamond
trade was mainly fuelled by the key trading partners of India, Belgium and Hong Kong, which together accounted for $4.