The Indian arm of the International Gemological Institute (IGI) plans to use some of the proceeds from its initial public offering (IPO) to acquire the rest of the global business from its overall owner.
The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices.
