MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.01-0.03 ct IF VVS1 VVS2 7.0 6.6 6.2 7.0 6.6 6.2 7.0 6.6 6.2 6.2 5.8 5.6 6.2 5.8 5.6 5.3 5.2 4.9 5.3 5.2 4.9 3.0 3.0 3.0 3.0 3.0 3.0 2.1 2.1 2.1

VS1 5.7 5.7 5.7 5.2 5.2 4.6 4.6 2.9 2.9 2.0

VS2 5.3 5.3 5.3 5.0 5.0 4.4 4.4 2.8 2.8 2.0

SI1 5.2 5.2 5.2 4.8 4.8 4.2 4.2 2.7 2.7 1.7

SI2 4.8 4.8 4.8 4.5 4.5 4.0 4.0 2.6 2.6 1.6

D E F G H I J K L M

Total = 100% n/a* 100%

SI1 3.9 3.9 3.9 3.9 3.9 3.4 3.4 2.3 2.3 1.4

SI2 3.8 3.8 3.8 3.7 3.7 3.4 3.4 2.2 2.2 1.4

D E F G H I J K L M

VS1 5.7 5.7 5.7 4.7 4.7 4.4 4.4 2.6 2.6 1.9

VS2 5.5 5.5 5.5 4.7 4.7 4.2 4.2 2.6 2.6 1.9

SI1 4.9 4.9 4.9 4.5 4.5 4.1 4.1 2.5 2.5 1.7

SI2 4.7 4.7 4.7 4.4 4.4 4.0 4.0 2.4 2.4 1.6

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

n/a* 100%

For marquise and heart shapes deduct 5%

Semi Rounds: 0.04-0.07 ct IF VVS1 VVS2 VS1 6.2 5.7 5.4 5.1 6.2 5.7 5.4 5.1 6.2 5.7 5.4 5.1 5.2 4.8 4.7 4.2 5.2 4.8 4.7 4.2 4.4 4.3 4.2 3.9 4.4 4.3 4.2 3.9 2.4 2.4 2.4 2.3 2.4 2.4 2.4 2.3 1.8 1.8 1.8 1.6

VS2 4.9 4.9 4.9 4.2 4.2 3.8 3.8 2.3 2.3 1.6

SI1 4.4 4.4 4.4 4.1 4.1 3.6 3.6 2.2 2.2 1.5

SI1 4.0 4.0 4.0 4.0 4.0 3.6 3.6 2.3 2.3 1.4

SI2 3.8 3.8 3.8 3.8 3.8 3.2 3.2 2.0 2.0 1.3

SI2 4.2 4.2 4.2 3.9 3.9 3.6 3.6 2.1 2.1 1.4

D E F G H I J K L M

n/a* 100%

For ascher cut and radiant deduct 7%

Squares: 0.04-0.07 ct IF VVS1 VVS2 VS1 5.9 5.4 5.1 4.9 5.9 5.4 5.1 4.9 5.9 5.4 5.1 4.9 5.0 4.5 4.4 4.0 5.0 4.5 4.4 4.0 4.1 4.0 4.0 3.7 4.1 4.0 4.0 3.7 2.3 2.3 2.3 2.2 2.3 2.3 2.3 2.2 1.7 1.7 1.7 1.6

VS2 4.7 4.7 4.7 4.0 4.0 3.6 3.6 2.2 2.2 1.6

SI1 4.2 4.2 4.2 3.9 3.9 3.5 3.5 2.1 2.1 1.4

SI2 4.0 4.0 4.0 3.7 3.7 3.4 3.4 2.0 2.0 1.3

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 4.2 4.2 4.2 4.0 4.0 3.9 3.9 2.5 2.5 1.7

Data sources for price points: Transactions Other market data Note:

Total = 100% n/a* 100%

Squares: 0.01-0.03 ct IF VVS1 VVS2 VS1 6.3 5.9 5.6 4.8 6.3 5.9 5.6 4.8 6.3 5.9 5.6 4.8 5.7 5.4 5.2 4.6 5.7 5.4 5.2 4.6 4.9 4.8 4.5 4.3 4.6 4.5 4.2 4.2 2.6 2.6 2.6 2.5 2.6 2.6 2.6 2.5 1.8 1.8 1.8 1.7

Total = 100%

Data sources for price points: Transactions Other market data Note:

D E F G H I J K L M

VS2 4.1 4.1 4.1 4.0 4.0 3.6 3.6 2.4 2.4 1.6

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 0.04-0.07 ct IF VVS1 VVS2 6.9 6.3 6.0 6.9 6.3 6.0 6.9 6.3 6.0 5.8 5.3 5.2 5.8 5.3 5.2 4.9 4.8 4.7 4.9 4.8 4.7 2.8 2.8 2.8 2.8 2.8 2.8 2.1 2.1 2.1

Semi Rounds: 0.01-0.03 ct IF VVS1 VVS2 VS1 6.2 5.8 5.4 4.7 6.2 5.8 5.4 4.7 6.2 5.8 5.4 4.7 5.6 5.2 5.0 4.5 5.6 5.2 5.0 4.5 4.8 4.7 4.4 4.2 4.5 4.4 4.1 4.1 2.6 2.6 2.6 2.4 2.6 2.6 2.6 2.4 1.8 1.8 1.8 1.6

n/a* 100%

For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

n/a* 100%

For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add.

* Transactions of diamonds between 0.01-0.17 carats are usually in the form of parcels that are subject to individual sorting practices. The proportion of price points that are based on transactions versus those based on other market data cannot be specified for this list category. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 1

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.08-0.14 ct IF VVS1 VVS2 9.0 8.7 8.4 9.0 8.7 8.4 9.0 8.7 8.4 8.1 8.0 7.9 7.8 7.6 7.5 7.4 7.3 7.2 7.4 7.3 7.2 5.2 5.2 5.2 5.2 5.2 5.2 3.5 3.5 3.5

VS1 7.9 7.9 7.9 7.4 7.0 6.6 6.6 4.6 4.6 3.3

VS2 7.7 7.7 7.7 7.2 6.9 6.4 6.4 4.6 4.6 3.2

SI1 7.1 7.1 7.1 6.7 6.4 6.1 6.1 4.5 4.5 3.1

SI2 6.9 6.9 6.9 6.4 6.1 5.7 5.7 4.2 4.2 2.9

D E F G H I J K L M

Total = 100% n/a* 100%

SI1 6.1 6.1 6.1 5.4 5.2 5.1 5.1 3.9 3.9 2.4

SI2 5.2 5.2 5.2 5.0 4.9 4.8 4.8 3.4 3.4 2.3

D E F G H I J K L M

VS1 8.9 8.9 8.9 8.7 8.6 8.0 7.9 5.6 5.6 4.6

VS2 8.6 8.6 8.6 8.2 8.0 7.6 7.6 5.6 5.3 4.4

SI1 8.4 8.4 8.2 7.9 7.5 6.8 6.8 5.1 4.9 4.0

SI2 7.9 7.9 7.8 7.4 6.9 6.7 6.7 4.9 4.8 3.5

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

n/a* 100%

For marquise and heart shapes deduct 5%

Semi Rounds: 0.15-0.17 ct IF VVS1 VVS2 VS1 9.7 9.2 8.6 8.1 9.2 9.1 8.6 8.1 9.0 8.9 8.6 8.1 8.8 8.7 8.4 7.5 8.4 8.2 8.0 7.1 7.3 7.3 7.1 6.8 7.3 7.3 7.1 6.3 5.7 5.6 5.4 5.0 5.5 5.4 5.1 4.8 3.3 3.3 3.2 2.9

VS2 7.8 7.8 7.8 7.2 7.0 6.3 6.3 4.8 4.4 2.7

SI1 6.4 6.4 6.3 6.3 6.0 5.5 5.5 4.4 4.3 2.6

SI1 5.2 5.2 5.2 4.6 4.4 4.3 4.3 3.3 3.3 2.1

SI2 4.6 4.6 4.6 4.3 4.2 4.1 4.1 2.9 2.9 1.9

SI2 6.4 6.3 6.2 6.2 5.6 5.2 5.2 4.0 3.8 2.6

D E F G H I J K L M

n/a* 100%

For ascher cut and radiant deduct 7%

Squares: 0.15-0.17 ct IF VVS1 VVS2 VS1 8.1 7.7 7.4 6.8 7.7 7.6 7.2 6.8 7.6 7.5 7.1 6.8 7.4 7.2 7.0 6.6 7.0 6.8 6.8 6.4 6.1 6.1 6.0 5.7 6.1 6.1 6.0 5.5 4.8 4.8 4.5 4.3 4.6 4.5 4.2 4.1 2.8 2.8 2.8 2.5

VS2 6.5 6.5 6.5 6.0 6.0 5.4 5.4 4.1 3.7 2.3

SI1 5.4 5.3 5.3 5.2 5.0 4.6 4.6 3.8 3.6 2.2

SI2 5.4 5.3 5.2 5.2 4.7 4.4 4.4 3.7 3.5 2.1

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 5.4 5.4 5.4 5.1 4.9 4.7 4.7 3.4 3.4 2.1

Data sources for price points: Transactions Other market data Note:

Total = 100% n/a* 100%

Squares: 0.08-0.14 ct IF VVS1 VVS2 VS1 6.7 6.4 6.1 5.9 6.6 6.4 6.1 5.9 6.6 6.4 6.1 5.9 5.8 5.7 5.7 5.5 5.6 5.4 5.4 5.2 5.5 5.4 5.2 5.1 5.5 5.4 5.2 5.1 4.0 4.0 4.0 3.6 4.0 4.0 4.0 3.6 2.6 2.6 2.6 2.2

Total = 100%

Data sources for price points: Transactions Other market data Note:

D E F G H I J K L M

VS2 6.4 6.4 6.4 6.1 5.8 5.5 5.5 4.0 4.0 2.5

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 0.15-0.17 ct IF VVS1 VVS2 10.8 10.7 10.6 10.8 10.7 10.6 10.8 10.7 10.6 10.1 10.1 10.1 9.5 9.5 9.5 9.0 9.0 8.9 9.0 9.0 8.9 6.6 6.6 6.4 6.4 6.3 6.2 5.2 5.2 5.2

Semi Rounds: 0.08-0.14 ct IF VVS1 VVS2 VS1 7.9 7.6 7.3 7.0 7.8 7.6 7.3 7.0 7.8 7.6 7.3 7.0 6.9 6.8 6.7 6.5 6.6 6.4 6.4 6.2 6.6 6.4 6.2 6.1 6.6 6.4 6.2 6.1 4.8 4.8 4.8 4.2 4.8 4.8 4.8 4.2 3.0 3.0 3.0 2.6

n/a* 100%

For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

n/a* 100%

For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add.

* Transactions of diamonds between 0.01-0.17 carats are usually in the form of parcels that are subject to individual sorting practices. The proportion of price points that are based on transactions versus those based on other market data cannot be specified for this list category. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 2

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.18-0.22 ct IF VVS1 VVS2 13.4 12.2 12.1 12.5 12.1 11.9 12.4 12.1 11.9 11.5 11.1 10.8 10.6 10.2 10.2 9.4 9.2 9.0 9.4 9.2 9.0 7.1 7.0 6.7 6.7 6.5 6.4 5.5 5.4 5.3

VS1 11.2 10.7 10.6 9.8 9.3 8.6 8.2 6.0 5.8 4.9

VS2 10.6 10.6 10.5 9.5 8.8 8.2 8.1 5.8 5.6 4.8

SI1 8.8 8.7 8.6 8.4 7.8 7.4 7.4 5.5 5.4 4.7

SI2 8.4 8.2 8.0 7.8 7.2 7.0 7.0 5.2 5.0 4.2

D E F G H I J K L M

Semi Rounds: 0.18-0.22 ct IF VVS1 VVS2 VS1 10.7 10.4 10.0 8.8 10.6 10.2 10.0 8.7 10.0 10.0 9.8 8.6 9.6 9.4 9.2 8.1 8.8 8.7 8.5 7.8 8.2 8.1 7.8 7.0 8.2 7.9 7.8 6.7 6.4 6.2 5.8 5.2 6.0 5.9 5.6 5.0 4.2 4.1 3.9 3.7

VS2 8.6 8.6 8.5 7.9 7.5 6.6 6.5 5.1 4.8 3.5

SI1 7.6 7.6 7.5 7.2 6.8 6.3 6.0 4.6 4.6 3.4

SI2 7.3 7.2 7.1 6.7 6.4 6.0 6.0 4.4 4.2 3.0

D E F G H I J K L M

Squares: 0.18-0.22 ct IF VVS1 VVS2 VS1 9.6 8.8 8.7 7.8 9.0 8.7 8.6 7.7 8.9 8.7 8.6 7.7 8.6 8.3 8.1 7.3 7.9 7.7 7.6 7.1 6.9 6.9 6.8 6.4 6.9 6.9 6.8 6.1 5.1 5.0 4.9 4.6 4.9 4.8 4.7 4.6 3.0 2.9 2.8 2.6

Total = 100%

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

Note:

D E F G H I J K L M

Rounds: 0.23-0.29 ct IF VVS1 VVS2 21.2 16.2 15.4 17.0 15.6 14.8 16.5 15.1 14.4 15.8 14.8 14.2 15.3 14.8 13.4 13.7 13.4 12.9 12.7 12.2 11.9 12.1 11.4 10.5 10.0 9.5 9.1 8.5 8.2 8.0

VS1 15.0 14.6 13.9 13.9 13.2 12.4 11.4 10.2 9.0 7.8

VS2 14.6 14.4 13.7 13.3 12.8 11.5 10.8 9.9 8.7 6.9

SI1 14.3 13.9 13.0 11.6 10.9 9.8 9.0 8.5 7.9 6.7

SI2 12.9 12.2 11.5 10.2 9.6 8.6 7.9 7.5 6.8 5.9

D E F G H I J K L M

Semi Rounds: 0.23-0.39 ct IF VVS1 VVS2 VS1 16.9 14.9 14.1 11.5 15.7 14.4 13.2 11.4 15.3 13.9 12.9 11.0 12.4 11.9 11.6 10.3 11.9 11.6 11.2 10.0 8.8 8.5 8.2 8.0 8.6 8.4 7.9 7.0 6.6 6.3 5.9 5.7 6.3 6.1 5.6 5.4 4.6 4.3 4.2 3.7

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

Note:

100%

For marquise and heart shapes deduct 5%

VS2 10.9 10.8 10.7 9.9 9.8 7.5 6.5 5.4 4.9 3.5

Note:

SI1 9.4 9.2 8.9 8.7 7.9 6.8 6.2 4.8 4.7 3.4

SI2 8.8 8.4 8.2 7.6 7.2 6.1 6.0 4.7 4.4 3.3

D E F G H I J K L M

VS2 7.7 7.6 7.5 7.2 6.7 6.1 5.8 4.5 4.4 2.4

SI1 6.0 6.0 5.9 5.9 5.5 5.4 5.1 4.2 4.2 2.4

SI2 6.0 5.9 5.8 5.6 5.3 5.0 4.8 4.1 3.9 2.3

100%

For ascher cut and radiant deduct 7%

Sqaures: 0.23-0.29 ct IF VVS1 VVS2 VS1 13.9 11.9 11.4 9.6 12.5 11.7 11.1 9.5 12.2 11.4 10.8 9.0 10.3 10.0 9.6 8.7 10.2 9.8 9.3 8.5 8.2 7.7 7.5 6.9 7.9 7.6 7.4 6.5 6.1 5.7 5.5 5.4 5.4 5.1 5.0 4.9 4.1 3.7 3.6 3.4

VS2 9.2 9.1 8.9 8.4 8.2 6.7 6.0 5.1 4.7 3.2

SI1 7.7 7.6 7.4 7.1 6.7 5.6 5.5 4.5 4.4 3.1

SI2 7.2 6.9 6.7 6.3 5.9 5.4 5.0 4.3 4.1 2.8

Total = 100% 11% 89%

For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

100%

For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 3

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.30-0.39 ct IF VVS1 VVS2 25.8 23.0 20.6 20.8 19.0 18.4 19.9 18.5 18.1 18.1 17.2 16.7 17.5 16.8 16.3 14.6 14.0 13.6 13.7 13.1 12.8 12.8 12.0 11.8 10.6 10.0 9.8 9.0 8.8 8.6

VS1 17.9 16.8 16.1 15.2 14.8 12.5 11.6 11.0 9.5 8.2

VS2 17.4 16.3 15.8 14.9 14.5 11.9 11.3 10.7 9.3 8.1

SI1 15.0 14.4 13.6 12.9 12.5 10.8 10.4 9.8 8.4 7.5

SI2 13.3 12.7 12.1 11.4 11.3 10.1 9.2 9.2 7.2 6.4

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

100%

0.35-0.39 may trade at 2% to 5% premium over 0.30

Rounds: 0.40-0.45 ct IF VVS1 VVS2 33.2 26.9 23.3 23.7 23.1 21.6 23.1 22.0 20.9 21.7 21.0 20.4 20.4 19.9 19.3 16.0 14.2 13.7 13.9 13.2 12.9 12.8 12.0 11.8 12.2 11.8 11.5 11.5 11.2 10.8

VS2 11.8 11.6 11.3 10.5 10.2 7.7 6.7 5.4 4.9 3.6

SI1 11.1 10.2 10.1 8.9 8.3 7.1 6.4 4.9 4.8 3.4

SI2 9.7 9.5 9.2 8.2 7.7 6.2 6.2 4.7 4.6 3.4

D E F G H I J K L M

Total = 100%

Data sources for price points: Transactions Other market data Note:

Semi Rounds: 0.30-0.39 ct IF VVS1 VVS2 VS1 21.6 18.6 16.9 13.0 16.8 15.2 13.9 12.4 16.0 14.7 13.6 11.9 13.4 11.9 11.7 10.8 11.9 11.7 11.3 10.6 8.9 8.6 8.3 8.1 8.7 8.4 8.0 7.2 6.7 6.3 6.0 5.8 6.4 6.1 5.7 5.5 5.8 5.4 5.0 3.8

VS1 21.5 20.3 19.9 19.0 18.2 12.7 12.2 11.4 10.9 10.6

VS2 20.9 19.8 19.3 18.0 17.3 12.5 12.0 11.0 10.6 10.1

SI1 16.1 15.5 15.1 14.5 14.1 11.3 10.8 9.9 8.6 7.8

SI2 14.9 14.1 13.4 13.2 12.8 10.8 9.9 9.2 8.2 6.6

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

31% 69%

0.35-0.39 may trade at 2% to 5% premium over 0.30 For marquise and heart shapes deduct 5%

Semi Rounds: 0.40-0.45 ct IF VVS1 VVS2 VS1 23.2 22.3 20.3 19.5 22.0 20.1 18.3 17.9 20.0 18.5 17.4 17.1 15.8 15.4 15.1 14.2 14.8 14.4 14.1 13.3 11.8 10.8 10.5 10.2 9.9 9.3 9.0 8.7 8.8 7.6 7.2 6.9 7.4 6.8 6.6 6.4 6.9 6.4 6.1 5.6

VS2 17.8 16.3 15.8 12.9 12.1 9.6 8.4 6.2 6.0 5.1

SI1 14.7 13.2 12.9 10.8 10.1 9.0 7.6 5.8 5.2 4.6

SI1 9.4 8.2 7.6 7.2 7.0 5.8 5.5 4.7 4.6 3.6

SI2 8.1 7.6 7.3 6.6 6.5 5.5 5.3 4.4 4.2 3.1

SI2 13.1 11.7 11.2 9.3 9.0 7.7 7.0 4.9 4.7 3.6

D E F G H I J K L M

9% 91%

0.35-0.39 may trade at 2% to 5% premium over 0.30 For ascher cut and radiant deduct 7%

Squares: 0.40-0.45 ct IF VVS1 VVS2 22.0 21.2 18.7 20.3 18.6 16.5 18.5 17.1 15.7 15.0 13.8 12.4 13.9 12.4 11.4 10.4 9.5 9.1 8.7 8.2 7.8 8.0 7.0 6.6 6.7 6.1 5.9 6.3 5.7 5.4

VS1 15.2 14.0 13.7 11.6 10.8 8.8 7.5 6.1 5.6 4.9

VS2 13.9 12.7 12.4 10.8 10.2 8.1 7.2 5.5 5.2 4.5

SI1 11.2 10.1 9.8 8.7 8.2 7.6 6.1 5.3 4.7 4.2

SI2 10.0 8.9 8.6 7.1 6.8 6.5 5.7 4.5 4.3 3.3

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 10.4 10.0 9.7 9.3 9.0 6.9 6.2 5.3 4.8 4.0

Data sources for price points: Transactions Other market data Note:

Total = 100% 90% 10%

VS1 11.5 10.8 10.3 9.8 9.4 7.3 6.6 5.4 5.0 4.1

Total = 100%

Data sources for price points: Transactions Other market data Note:

Sqaures: 0.30-0.39 ct IF VVS1 VVS2 20.8 18.2 16.6 16.6 15.0 13.7 15.7 14.4 12.8 12.5 11.0 10.4 11.1 10.7 9.9 8.5 8.3 7.7 8.2 7.8 7.5 6.2 5.9 5.7 5.8 5.4 5.2 5.6 5.1 4.8

9% 91%

For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

6% 94%

For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 4

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.46-0.49 ct IF VVS1 VVS2 36.6 28.4 25.8 25.6 24.6 24.0 23.7 22.7 22.1 23.1 22.1 21.4 21.5 20.7 20.0 18.9 18.4 17.8 17.4 17.1 16.2 14.2 13.3 12.9 13.2 12.6 12.3 12.6 11.5 11.1

VS1 24.8 23.2 21.4 20.8 19.5 15.6 14.3 12.7 11.6 11.0

VS2 23.3 22.4 20.9 20.2 18.8 15.2 13.8 12.0 11.3 10.4

SI1 20.6 18.6 18.5 16.8 16.3 14.1 12.9 11.5 10.4 9.9

SI2 18.7 17.7 16.7 14.8 14.1 12.7 11.6 11.0 9.6 8.8

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

67% 33%

D E F G H I J K L M

VS1 33.6 30.8 28.7 27.0 25.6 19.3 17.2 15.6 13.9 12.6

VS2 32.4 28.0 27.2 25.7 24.9 18.8 16.7 15.2 13.7 11.7

SI1 25.2 24.1 22.6 22.4 21.5 18.2 16.0 15.0 13.4 11.4

SI2 21.7 19.8 19.2 18.9 18.5 17.7 15.4 14.6 12.0 10.7

Data sources for price points: Transactions Other market data Note:

0.60-0.69 may trade at 5% to 10% premium over 0.50

SI1 15.1 13.6 13.2 11.3 10.7 9.4 7.6 6.0 5.5 5.1

SI2 13.3 12.0 11.4 9.5 9.1 7.8 7.0 5.4 5.0 4.5

D E F G H I J K L M

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

For marquise and heart shapes deduct 5%

Semi Rounds: 0.50-0.69 ct IF VVS1 VVS2 VS1 44.6 27.4 23.9 22.5 32.8 23.2 21.7 20.1 28.1 21.9 20.9 19.2 27.6 21.6 20.3 18.3 26.4 20.9 19.2 17.1 21.9 16.9 15.9 14.8 16.8 15.2 13.9 13.1 14.8 12.8 12.5 11.7 11.4 10.6 10.3 9.6 9.5 8.1 7.9 7.4

VS2 21.6 18.4 17.4 16.8 15.2 13.6 12.7 11.2 9.3 7.1

Note:

SI1 20.1 17.9 16.8 16.1 14.6 12.4 12.2 10.6 8.8 6.7

SI2 16.9 15.2 15.0 14.1 13.5 11.9 11.4 10.2 8.6 6.2

D E F G H I J K L M

Total = 100% 99% 1%

Squares: 0.46-0.49 ct IF VVS1 VVS2 22.9 22.2 19.2 20.5 19.0 17.8 18.6 17.2 15.8 15.8 14.2 12.8 15.4 13.5 12.2 11.1 10.5 9.9 9.4 9.1 8.8 8.4 7.5 7.0 7.8 6.7 6.4 7.7 6.1 5.7

Total = 100%

D E F G H I J K L M

Total = 100%

VS2 18.0 16.4 16.1 13.6 12.8 10.7 9.4 6.6 6.2 5.6

Total = 100%

Note:

Rounds: 0.50-0.69 ct IF VVS1 VVS2 56.2 43.1 35.6 47.0 37.0 33.2 38.8 33.9 31.0 34.6 30.6 29.1 31.5 28.3 27.3 24.6 21.1 19.9 20.5 18.5 18.0 18.5 17.5 16.5 15.7 15.0 14.6 14.0 13.6 13.2

Semi Rounds: 0.46-0.49 ct IF VVS1 VVS2 VS1 25.0 24.2 21.4 19.6 22.8 21.0 19.8 18.0 21.2 19.7 18.1 17.5 17.9 16.6 15.9 15.2 17.5 15.6 14.9 14.2 11.9 11.6 11.2 11.0 10.6 10.2 10.0 9.7 9.1 8.1 7.5 7.2 8.6 7.4 7.0 6.8 7.8 6.6 6.4 5.9

VS2 14.8 13.5 13.2 11.3 10.3 9.4 8.4 5.9 5.5 5.0

SI1 12.4 11.2 10.8 9.6 9.1 8.7 6.7 5.4 5.1 4.3

SI2 11.0 9.8 9.4 8.0 7.7 7.2 6.2 5.0 4.6 3.8

100%

For ascher cut and radiant deduct 7%

Squares: 0.50-0.69 ct IF VVS1 VVS2 39.2 26.4 22.2 30.1 22.4 19.7 25.7 19.8 17.6 22.9 17.8 16.1 20.4 16.3 15.3 18.2 14.1 13.2 14.0 13.2 12.2 13.2 12.4 11.6 11.0 9.5 9.2 9.1 7.5 7.3

VS1 20.6 18.1 16.2 15.7 14.9 13.2 11.9 9.8 8.1 6.1

VS2 19.9 17.0 15.3 15.0 14.0 12.1 11.6 9.3 7.8 6.0

SI1 17.5 15.7 14.9 13.0 11.8 9.4 9.2 9.0 7.4 5.6

SI2 14.7 13.3 12.8 11.4 10.9 9.0 8.7 8.2 7.2 5.3

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS1 16.1 14.8 14.0 12.0 11.8 9.6 8.6 6.6 5.9 5.4

40% 60%

0.60-0.69 may trade at 5% to 10% premium over 0.50 For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

43% 57%

0.60-0.69 may trade at 5% to 10% premium over 0.50 For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 5

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 0.70-0.89 ct IF VVS1 VVS2 70.6 54.9 49.3 58.4 48.0 44.7 51.1 45.4 39.6 46.6 41.3 35.8 42.3 36.2 34.4 32.5 29.3 28.1 25.8 22.9 22.4 24.6 21.6 20.1 17.6 16.8 16.3 15.9 14.7 14.4

VS1 46.1 41.7 37.2 34.5 31.1 27.3 21.9 19.5 15.8 14.0

VS2 42.6 38.4 35.4 33.6 30.2 26.3 21.3 18.6 15.6 13.7

SI1 35.7 33.6 32.4 31.0 29.0 25.0 20.5 17.9 14.9 13.4

SI2 33.4 28.7 27.8 26.8 24.1 23.3 20.0 17.4 14.7 12.5

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

90% 10%

0.80-0.89 may trade at 5% to 10% premium over 0.70

Rounds: 0.90-0.99 ct IF VVS1 VVS2 97.4 79.1 66.6 79.3 68.4 58.9 68.2 62.9 53.0 59.7 55.8 50.9 51.5 47.5 45.9 42.9 42.0 40.8 34.9 34.3 33.3 34.3 32.6 31.1 26.1 25.4 24.6 22.9 21.3 20.4

SI1 29.6 28.4 27.1 24.1 21.1 18.2 15.7 13.1 10.6 9.3

SI2 26.2 24.6 22.9 21.1 17.9 16.7 15.4 12.1 9.4 8.4

D E F G H I J K L M

VS1 60.2 56.3 51.5 50.0 44.8 40.1 32.3 28.0 22.7 19.4

VS2 56.3 52.0 49.0 47.9 43.8 39.4 31.6 27.4 21.8 18.8

SI1 49.6 46.1 44.5 42.8 40.7 35.4 27.8 26.5 20.9 18.1

SI2 42.0 39.9 39.2 36.3 33.9 30.9 26.8 24.1 19.2 17.6

D E F G H I J K L M

Data sources for price points: Transactions Other market data 0.96-0.99 may trade at 5% to 10% premium over 0.90

29% 71%

0.80-0.89 may trade at 5% to 10% premium over 0.70 For marquise and heart shapes deduct 5%

Semi Rounds: 0.90-0.99 ct IF VVS1 VVS2 VS1 65.4 55.5 48.5 43.7 57.9 49.8 42.1 40.5 49.9 42.0 40.5 38.3 44.3 40.4 38.4 37.0 35.8 34.0 33.4 32.6 30.7 29.9 29.2 28.6 24.1 23.4 23.0 22.5 21.8 20.9 20.2 19.7 16.4 15.8 15.4 15.2 13.5 12.8 12.6 12.1

VS2 42.2 38.8 37.0 36.1 31.8 27.5 21.8 19.0 14.7 11.8

SI1 38.9 36.9 36.3 32.8 28.3 26.8 21.2 18.6 14.2 11.6

VS2 28.6 27.8 26.6 25.1 21.9 16.4 14.1 11.8 10.0 8.2

SI1 25.4 24.5 23.3 20.8 16.9 14.7 13.4 10.7 8.8 7.3

SI2 22.6 21.2 19.5 17.4 14.3 13.4 12.4 10.1 7.8 7.0

SI2 31.6 30.0 29.5 26.7 26.2 24.5 18.7 16.3 13.8 11.2

D E F G H I J K L M

63% 37%

0.80-0.89 may trade at 5% to 10% premium over 0.70 For ascher cut and radiant deduct 7%

Squares: 0.90-0.99 ct IF VVS1 VVS2 57.8 45.3 39.6 47.3 40.7 35.1 40.8 36.6 34.7 37.3 34.5 32.8 32.1 28.4 27.5 26.4 25.6 25.2 21.0 20.6 20.0 18.6 18.2 17.8 14.7 14.3 14.0 12.6 12.2 12.0

VS1 34.8 31.6 31.4 30.2 26.9 24.4 19.6 16.9 13.3 11.4

VS2 33.0 30.9 30.7 29.2 26.1 23.5 19.2 15.8 13.0 10.7

SI1 29.2 28.0 27.7 26.0 23.1 21.5 18.0 15.5 12.6 10.2

SI2 24.8 24.1 23.3 22.5 20.6 19.5 16.6 14.4 12.3 9.7

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS1 29.4 28.6 27.4 25.8 22.9 17.6 14.5 12.2 10.8 8.4

Data sources for price points: Transactions Other market data Note:

Total = 100% 90% 10%

Squares: 0.70-0.89 ct IF VVS1 VVS2 46.8 35.1 31.3 38.6 31.5 30.5 35.4 30.0 29.2 31.4 27.8 27.0 30.5 26.0 25.3 22.5 18.8 18.0 17.9 15.3 14.8 15.8 14.2 13.0 12.5 11.7 11.1 9.6 8.9 8.6

Total = 100%

Data sources for price points: Transactions Other market data Note:

Total = 100%

Note:

VS2 30.6 29.2 28.4 27.8 24.6 19.2 16.1 14.2 11.1 9.8

Total = 100%

Data sources for price points: Transactions Other market data Note:

Semi Rounds: 0.70-0.89 ct IF VVS1 VVS2 VS1 48.0 35.3 32.8 31.2 38.8 33.6 31.5 30.0 37.8 32.0 30.6 29.3 37.4 31.6 30.2 28.9 34.1 29.3 28.2 25.9 24.6 21.1 20.5 19.9 19.6 17.5 17.0 16.4 17.9 16.1 15.0 14.6 14.3 13.7 13.3 12.9 11.2 10.8 10.5 10.2

9% 91%

0.96-0.99 may trade at 5% to 10% premium over 0.90 For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

20% 80%

0.96-0.99 may trade at 5% to 10% premium over 0.90 For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 6

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 1.00-1.49 ct IF VVS1 VVS2 VS1 143 115 101 91 107 100 82 78 87 81 74 71 75 72 67 65 65 62 60 58 53 51 50 48 44 42 41 40 38 36 35 34 35 33 31 31 30 27 26 26

VS2 82 74 66 61 57 47 39 34 30 25

SI1 58 56 55 55 49 42 37 31 28 23

SI2 49 47 46 45 43 39 34 30 27 22

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

100%

1.20-1.49 may trade at 2% to 5% premium over 1 ct

Rounds: 1.50-1.99 ct IF VVS1 VVS2 VS1 207 146 130 116 135 125 111 108 118 107 97 93 99 95 89 86 80 76 74 71 65 63 61 59 54 52 51 49 43 39 38 37 38 37 36 35 32 31 30 29

SI1 47 45 42 40 35 32 26 21 18 14

SI2 37 36 36 34 33 28 23 19 17 13

D E F G H I J K L M

VS2 110 99 89 82 69 58 48 36 34 29

SI1 75 73 71 69 65 55 45 35 32 26

SI2 62 60 58 55 52 50 41 33 30 26

D E F G H I J K L M

Data sources for price points: Transactions Other market data 1.70-1.99 may trade at 3% to 5% premium over 1.5 ct

51% 49%

1.20-1.49 may trade at 2% to 5% premium over 1 ct For marquise and heart shapes deduct 5%

Semi Rounds: 1.50-1.99 ct IF VVS1 VVS2 VS1 133 113 107 90 116 107 93 81 103 92 90 78 82 79 77 69 70 63 61 56 51 49 48 47 42 40 39 38 34 33 32 28 29 28 28 25 25 25 24 21

VS2 77 72 68 63 54 45 37 27 24 20

SI1 61 60 59 59 52 44 35 26 24 20

SI1 43 40 37 34 32 27 22 17 14 12

SI2 38 35 34 30 28 26 21 16 14 12

SI2 50 49 49 48 45 41 34 24 21 16

D E F G H I J K L M

69% 31%

1.20-1.49 may trade at 2% to 5% premium over 1 ct For ascher cut and radiant deduct 7%

Squares: 1.50-1.99 ct IF VVS1 VVS2 VS1 101 97 86 77 96 86 84 74 85 78 75 67 82 76 70 65 66 60 58 54 54 48 47 45 47 39 38 37 30 29 27 26 26 24 22 21 21 20 19 18

VS2 72 68 64 63 52 43 36 25 20 17

SI1 62 60 56 54 46 39 32 24 19 16

SI2 50 49 48 46 39 35 29 19 17 15

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 47 44 40 35 33 29 24 19 15 13

Data sources for price points: Transactions Other market data Note:

Total = 100% 100%

Squares: 1.00-1.49 ct IF VVS1 VVS2 VS1 85 60 52 50 58 52 47 46 50 47 46 44 49 46 44 36 43 41 40 35 33 32 31 30 27 26 26 25 24 23 22 20 21 19 18 16 16 16 15 13

Total = 100%

Data sources for price points: Transactions Other market data Note:

Total = 100%

Note:

VS2 52 46 44 44 36 33 27 21 18 14

Total = 100%

Data sources for price points: Transactions Other market data Note:

Semi Rounds: 1.00-1.49 ct IF VVS1 VVS2 VS1 88 73 64 56 72 64 57 51 61 56 49 46 52 51 47 45 44 42 41 39 38 37 36 34 32 31 30 29 26 24 24 22 21 20 20 19 19 18 16 15

43% 57%

1.70-1.99 may trade at 3% to 5% premium over 1.5 ct For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

69% 31%

1.70-1.99 may trade at 3% to 5% premium over 1.5 ct For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 7

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 2.00-2.99 ct IF VVS1 VVS2 VS1 303 212 199 180 200 176 169 153 179 156 142 129 159 138 124 112 120 115 107 101 91 81 80 77 71 67 66 64 64 56 53 51 56 48 46 45 47 41 40 39

VS2 142 132 119 107 95 75 62 50 44 38

SI1 112 106 100 91 86 69 56 46 41 35

SI2 89 79 77 73 68 57 55 45 39 34

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

100%

2.50-2.99 may trade at 5% to 10% premium over 2 ct

Rounds: 3.00-3.99 ct IF VVS1 VVS2 VS1 487 379 349 288 355 325 274 242 299 273 230 214 219 208 184 179 167 162 154 150 125 121 118 113 106 103 99 94 93 90 88 76 76 69 67 57 64 59 58 50

SI1 93 87 84 79 71 56 45 36 27 24

SI2 69 66 64 64 59 52 44 33 26 23

D E F G H I J K L M

VS2 227 211 190 155 131 106 83 70 53 46

SI1 158 144 132 127 109 90 76 65 48 43

SI2 111 107 105 92 88 75 69 55 46 40

D E F G H I J K L M

Data sources for price points: Transactions Other market data 3.50-3.99 may trade at 3% to 5% premium over 3 ct

43% 57%

2.50-2.99 may trade at 5% to 10% premium over 2 ct For marquise and heart shapes deduct 5%

Semi Rounds: 3.00-3.99 ct IF VVS1 VVS2 VS1 335 283 247 218 239 230 218 198 218 210 193 181 197 180 168 143 161 147 135 120 114 105 101 98 96 86 79 77 67 65 63 59 48 43 42 39 39 38 37 34

VS2 192 175 161 133 107 89 75 57 38 33

SI1 115 108 102 99 86 79 66 51 35 30

SI1 77 71 68 65 57 48 41 36 28 25

SI2 58 56 55 53 53 47 38 32 27 25

SI2 79 78 76 74 71 65 56 43 31 26

D E F G H I J K L M

60% 40%

2.50-2.99 may trade at 5% to 10% premium over 2 ct For ascher cut and radiant deduct 7%

Squares: 3.00-3.99 ct IF VVS1 VVS2 VS1 373 232 199 173 230 201 184 156 196 181 165 145 164 160 156 141 135 131 128 116 109 106 104 95 88 82 80 73 59 56 53 52 43 40 39 38 36 35 34 33

VS2 153 140 130 114 107 89 71 50 37 32

SI1 118 113 95 93 82 74 59 45 31 29

SI2 82 78 76 72 69 63 53 44 30 28

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 103 92 87 75 62 54 46 38 29 27

Data sources for price points: Transactions Other market data Note:

Total = 100% 53% 47%

Squares: 2.00-2.99 ct IF VVS1 VVS2 VS1 170 128 123 115 133 126 108 102 116 107 98 90 103 100 92 78 86 76 74 64 71 66 62 55 57 53 51 47 44 43 42 39 34 33 32 30 31 30 30 28

Total = 100%

Data sources for price points: Transactions Other market data Note:

Total = 100%

Note:

VS2 129 113 105 81 74 58 47 36 29 25

Total = 100%

Data sources for price points: Transactions Other market data Note:

Semi Rounds: 2.00-2.99 ct IF VVS1 VVS2 VS1 180 157 153 142 155 141 134 124 140 130 123 111 110 101 98 84 85 82 80 76 68 63 62 59 54 51 50 48 45 41 39 38 35 32 31 30 29 27 26 26

26% 74%

3.50-3.99 may trade at 3% to 5% premium over 3 ct For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

66% 34%

3.50-3.99 may trade at 3% to 5% premium over 3 ct For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 8

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 4.00-4.99 ct IF VVS1 VVS2 VS1 615 470 420 339 443 420 366 305 380 362 322 277 283 275 267 244 215 208 202 185 161 156 148 135 130 126 121 110 117 114 110 99 86 84 79 71 75 71 67 61

VS2 279 258 233 211 175 124 104 95 69 59

SI1 190 183 171 148 134 113 98 82 61 53

SI2 135 131 128 113 110 96 85 71 55 45

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

29% 71%

4.50-4.99 may trade at 3% to 5% premium over 4 ct

Rounds: 5.00-5.99 ct IF VVS1 VVS2 VS1 898 617 556 527 608 533 506 479 522 476 458 430 365 354 323 289 286 278 258 231 219 213 207 197 168 163 158 151 134 124 120 113 97 93 89 85 83 81 78 74

VS2 268 248 219 195 168 111 88 68 49 39

SI1 155 148 137 132 117 103 82 65 48 38

SI2 108 103 97 97 87 78 68 55 42 35

D E F G H I J K L M

Total = 100%

Data sources for price points: Transactions Other market data Note:

Semi Rounds: 4.00-4.99 ct IF VVS1 VVS2 VS1 398 340 323 297 323 313 302 279 303 294 275 253 241 234 227 220 199 193 188 182 137 131 126 117 118 100 97 91 83 81 78 70 60 59 56 51 49 47 45 40

VS2 463 420 335 256 215 179 147 108 81 72

SI1 287 264 245 214 187 145 118 94 72 63

SI2 189 184 176 163 149 123 108 86 61 56

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

64% 36%

20% 80%

SI1 151 142 136 119 105 89 75 53 42 33

SI2 101 98 95 89 79 72 61 51 39 32

4.50-4.99 may trade at 3% to 5% premium over 4 ct For marquise and heart shapes deduct 5%

Semi Rounds: 5.00-5.99 ct IF VVS1 VVS2 VS1 622 502 488 458 472 458 445 419 409 397 386 363 304 295 283 266 245 238 225 215 185 180 175 170 138 134 130 126 118 115 109 99 74 72 70 67 64 62 60 58

VS2 348 326 280 228 195 165 122 96 65 55

SI1 256 246 218 178 153 116 103 78 64 51

Data sources for price points: Transactions Other market data Note:

SI2 159 155 146 126 110 88 80 66 53 45

D E F G H I J K L M

Squares: 5.00-5.99 ct IF VVS1 VVS2 VS1 594 454 417 364 454 417 392 333 398 367 342 288 304 284 264 222 245 235 210 167 180 173 161 142 132 126 118 107 102 99 96 90 70 68 66 62 59 58 56 53

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

For marquise and heart shapes deduct 5%

Note:

14% 86%

4.50-4.99 may trade at 3% to 5% premium over 4 ct For ascher cut and radiant deduct 7%

Total = 100%

Note:

VS2 237 199 176 156 139 106 78 57 43 35

Total = 100%

Data sources for price points: Transactions Other market data Note:

Squares: 4.00-4.99 ct IF VVS1 VVS2 VS1 414 299 276 261 282 274 260 248 254 246 237 224 219 213 198 190 176 169 163 157 125 122 118 109 94 90 87 81 72 70 68 61 50 49 47 44 42 40 39 36

VS2 318 298 256 179 156 132 103 86 61 50

SI1 205 198 181 140 122 114 88 65 48 41

SI2 131 127 120 99 94 85 77 57 46 39

11% 89%

For ascher cut and radiant deduct 7%

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 9

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 6.00-6.99 ct IF VVS1 VVS2 VS1 907 623 561 532 614 538 511 484 527 481 462 434 369 358 327 292 289 281 260 233 221 215 209 199 170 165 160 153 135 126 121 115 97 94 90 86 84 82 79 75

VS2 468 424 338 259 217 181 148 109 82 73

SI1 290 267 248 216 189 146 120 95 72 63

SI2 191 186 178 165 150 124 109 87 62 57

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

64% 36%

D E F G H I J K L M

VS2 501 459 398 361 259 218 173 136 105 92

SI1 336 309 287 251 220 190 158 127 98 87

SI2 228 222 212 204 180 156 137 117 84 78

Data sources for price points: Transactions Other market data

9% 91%

SI1 259 249 220 180 154 117 104 79 64 52

SI2 161 156 148 127 111 89 81 67 54 46

D E F G H I J K L M

Squares: 6.00-6.99 ct IF VVS1 VVS2 VS1 600 459 421 367 459 421 396 336 402 370 346 291 307 287 267 225 248 238 212 169 182 174 162 143 133 128 119 108 103 100 97 91 71 69 67 63 60 58 57 53

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

D E F G H I J K L M

Total = 100%

VS2 352 329 283 231 197 167 124 97 66 56

Total = 100%

Note:

Rounds: 7.00-7.99 ct IF VVS1 VVS2 VS1 1135 842 738 624 716 695 642 568 607 589 566 510 447 433 416 380 355 343 315 306 262 248 238 225 196 189 184 178 164 159 149 140 129 125 117 110 108 105 102 98

Semi Rounds: 6.00-6.99 ct IF VVS1 VVS2 VS1 629 507 492 463 477 463 449 423 413 401 390 367 307 298 285 269 248 240 227 217 187 182 176 171 139 135 131 127 119 116 110 100 75 72 70 68 64 63 60 59

100%

For marquise and heart shapes deduct 5%

Semi Rounds: 7.00-7.99 ct IF VVS1 VVS2 VS1 811 598 549 522 570 549 516 481 500 483 451 417 391 362 348 333 327 300 276 263 237 224 208 194 169 164 156 147 132 128 122 116 91 84 78 76 74 71 66 64

VS2 432 405 348 287 237 185 143 112 74 62

Note:

SI1 307 296 271 220 192 158 137 104 72 58

SI2 196 190 180 155 137 120 109 89 64 55

D E F G H I J K L M

Squares: 7.00-7.99 ct IF VVS1 VVS2 VS1 811 598 549 522 570 549 516 481 500 483 451 417 391 362 348 333 327 300 276 263 237 224 208 194 169 164 156 147 132 128 122 116 91 84 78 76 74 71 66 64

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

For marquise and heart shapes deduct 5%

Note:

SI1 207 200 183 141 123 115 89 66 49 42

SI2 132 129 121 100 95 86 78 58 46 39

11% 89%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Total = 100%

Note:

VS2 321 301 258 181 158 134 104 87 61 50

VS2 432 405 348 287 237 185 143 112 74 62

SI1 307 296 271 220 192 158 137 104 72 58

SI2 196 190 180 155 137 120 109 89 64 55

100%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 10

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 8.00-8.99 ct IF VVS1 VVS2 VS1 1227 902 781 712 846 787 707 629 726 666 616 564 544 495 445 431 427 390 358 343 322 295 282 271 240 233 223 215 198 186 173 161 145 137 127 124 121 116 111 108

VS2 569 511 444 390 308 259 208 156 120 105

SI1 393 345 321 272 238 192 160 145 110 102

SI2 271 265 253 236 209 161 142 130 89 82

D E F G H I J K L M

Semi Rounds: 8.00-8.99 ct IF VVS1 VVS2 VS1 879 691 634 588 642 621 596 536 562 546 520 464 466 435 416 368 372 360 330 292 266 257 244 217 194 188 182 164 152 147 142 129 104 99 93 89 86 84 81 74

VS2 475 444 382 313 262 207 160 125 86 70

SI1 342 302 279 232 202 166 147 109 84 67

SI2 218 194 185 173 145 128 115 95 70 60

D E F G H I J K L M

Squares: 8.00-8.99 ct IF VVS1 VVS2 VS1 879 691 634 588 642 621 596 536 562 546 520 464 466 435 416 368 372 360 330 292 266 257 244 217 194 188 182 164 152 147 142 129 104 99 93 89 86 84 81 74

Total = 100%

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

Note:

D E F G H I J K L M

Rounds: 9.00-9.99 ct IF VVS1 VVS2 VS1 1240 960 831 765 896 828 744 697 769 741 662 625 576 557 500 481 481 431 396 372 359 326 312 288 271 252 236 224 211 197 183 174 153 144 134 130 127 122 117 114

VS2 605 554 481 422 324 266 218 170 126 110

SI1 447 391 363 311 272 239 209 166 123 107

SI2 291 277 264 249 220 191 173 140 101 89

D E F G H I J K L M

100%

For marquise and heart shapes deduct 5%

Semi Rounds: 9.00-9.99 ct IF VVS1 VVS2 VS1 899 705 647 600 670 634 608 546 587 558 531 474 476 444 424 376 396 367 337 307 290 265 252 230 207 194 188 175 162 150 146 140 110 106 101 97 93 91 84 80

VS2 484 453 389 319 268 215 170 136 94 78

Note:

SI1 348 305 284 234 214 176 156 116 89 71

SI2 220 196 189 174 152 134 121 99 73 63

D E F G H I J K L M

Squares: 9.00-9.99 ct IF VVS1 VVS2 VS1 899 705 647 600 670 634 608 546 587 558 531 474 476 444 424 376 396 367 337 307 290 265 252 230 207 194 188 175 162 150 146 140 110 106 101 97 93 91 84 80

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Note:

100%

For marquise and heart shapes deduct 5%

Note:

SI1 342 302 279 232 202 166 147 109 84 67

SI2 218 194 185 173 145 128 115 95 70 60

100%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Total = 100% 14% 86%

VS2 475 444 382 313 262 207 160 125 86 70

VS2 484 453 389 319 268 215 170 136 94 78

SI1 348 305 284 234 214 176 156 116 89 71

SI2 220 196 189 174 152 134 121 99 73 63

100%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 11

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 10.00-14.99 ct IF VVS1 VVS2 VS1 1348 1051 910 821 965 907 822 748 829 804 732 671 626 607 550 521 544 498 454 412 415 385 365 342 312 292 271 263 253 245 219 213 183 177 170 165 161 155 151 146

VS2 634 581 504 460 366 325 244 191 160 142

SI1 490 435 404 348 304 267 222 174 139 125

SI2 333 314 288 274 247 212 187 151 111 98

D E F G H I J K L M

Total = 100% 9% 91%

SI2 257 250 236 213 200 176 159 130 96 82

D E F G H I J K L M

VS2 792 726 630 554 437 354 263 197 171 150

SI1 644 593 551 480 385 316 234 182 156 137

SI2 424 414 394 380 335 278 206 174 138 121

D E F G H I J K L M

Total = 100% Data sources for price points: Transactions Other market data

9% 91%

For marquise and heart shapes deduct 5%

Semi Rounds: 15.00 - 19.99 ct IF VVS1 VVS2 VS1 VS2 1223 916 841 814 691 916 841 790 741 616 803 740 690 643 529 651 589 551 510 434 525 488 438 416 371 400 373 347 324 302 288 273 259 246 239 228 216 202 193 185 177 168 164 159 155 149 143 138 134 130

SI1 510 469 429 382 326 266 210 162 141 118

SI1 402 390 355 321 280 231 197 152 112 90

SI2 257 250 236 213 200 176 159 130 96 82

SI2 284 263 249 234 207 182 164 135 100 97

D E F G H I J K L M

9% 91%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Squares: 15.00- 15.00.99 ct IF VVS1 VVS2 VS1 1223 916 841 814 916 841 790 741 803 740 690 643 651 589 551 510 525 488 438 416 400 373 347 324 288 273 259 246 228 216 202 193 177 168 164 159 149 143 138 134

VS2 691 616 529 434 371 302 239 185 155 130

SI1 510 469 429 382 326 266 210 162 141 118

SI2 284 263 249 234 207 182 164 135 100 97

Total = 100%

Data sources for price points: Transactions Other market data Note:

VS2 534 500 429 356 305 264 203 161 117 95

Data sources for price points: Transactions Other market data Note:

Total = 100% 6% 94%

Squares: 10.00-14.99 ct IF VVS1 VVS2 VS1 1098 824 738 675 799 738 693 615 702 649 605 533 579 529 495 428 470 438 394 350 354 311 292 276 252 228 218 210 197 191 179 170 144 134 126 121 120 114 106 101

Total = 100%

Data sources for price points: Transactions Other market data Note:

D E F G H I J K L M

SI1 402 390 355 321 280 231 197 152 112 90

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 15.00 - 19.99 ct IF VVS1 VVS2 VS1 1506 1199 1094 1033 1244 1090 979 930 1068 975 871 828 800 732 658 625 628 570 524 498 469 431 417 405 350 328 309 299 275 256 238 226 231 220 206 196 193 187 181 171

Semi Rounds: 10.00-14.99 ct IF VVS1 VVS2 VS1 VS2 1098 824 738 675 534 799 738 693 615 500 702 649 605 533 429 579 529 495 428 356 470 438 394 350 305 354 311 292 276 264 252 228 218 210 203 197 191 179 170 161 144 134 126 121 117 120 114 106 101 95

100%

For marquise and heart shapes deduct 5%

Data sources for price points: Transactions Other market data Note:

100%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 12

MERCURY DIAMOND PRICE LIST™, August 2016 The Mercury Diamond Price List™ gives wholesale cash prices for top stones (GIA 3-EX/Criteria 1 none with no irregularities) and is based on transaction prices and a variety of market sources. Prices are per carat and in hundreds of USD

D E F G H I J K L M

Rounds: 20.00-29.99 ct IF VVS1 VVS2 VS1 1570 1377 1256 1212 1381 1252 1124 1068 1185 1120 1001 951 888 841 755 717 699 655 601 571 538 495 474 460 416 389 364 346 327 304 282 268 262 254 243 230 219 212 206 200

VS2 930 852 740 649 513 432 315 244 210 194

SI1 721 664 616 539 452 384 280 217 186 178

SI2 474 462 441 425 375 328 246 191 164 161

D E F G H I J K L M

Semi Rounds: 20.00-29.99 ct IF VVS1 VVS2 VS1 VS2 1408 1058 970 945 888 1058 970 912 857 789 927 854 796 749 689 752 680 636 598 550 606 562 506 475 437 506 472 439 428 400 361 345 328 320 299 287 278 261 254 238 205 191 180 176 165 170 161 151 147 138

SI1 575 529 484 429 374 308 272 204 157 124

SI2 309 286 270 254 224 197 178 149 110 104

D E F G H I J K L M

Squares: 20.00-29.99 ct IF VVS1 VVS2 VS1 1408 1058 970 945 1058 970 912 857 927 854 796 749 752 680 636 598 606 562 506 475 506 472 439 428 361 345 328 320 287 278 261 254 205 191 180 176 170 161 151 147

Total = 100%

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

100%

Note:

100%

For marquise and heart shapes deduct 5%

Note:

VS2 888 789 689 550 437 400 299 238 165 138

SI1 575 529 484 429 374 308 272 204 157 124

SI2 309 286 270 254 224 197 178 149 110 104

100%

For ascher cut and radiant deduct 7%, apply 5% premium for emeralds

Prices shown are estimates of Mercury Diamond for wholesale cash prices. When traded in the wholesale market, variations on this price can also be found. Wholesale prices are those traded between polishers and traders, with slight markups as they change hands. Moving further downstream in the value chain, markups rise to reflect increasing value-add. Disclaimer: The Mercury Diamond Price List™ (the "List") is the exclusive property of Mercury Diamond ("Mercury"). No portion of the List may be distributed, copied or reproduced by any means, or in any form, without obtaining Mercury’s prior written permission. Mercury does not guarantee that the data and information provided in the List is accurate, complete, current, real-time or appropriate for your needs and accordingly Mercury assumes no liability in connection with the List. Actual transaction prices may be either higher or lower than the prices provided in the List. The List cannot substitute for physical examination of specific diamond(s) by an expert. Investing or trading in diamonds is a high risk activity and you should therefore become aware of the risks beforehand and consult with an independent and suitably licensed advisor. © 2015 Mercury Diamond

Gildo Pastor Center - 7 rue du Gabian - 98000 Monaco

www.mercurydiamond.com

[email protected]

Page 13