MERCURY DIAMOND PRICE LIST™, February 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 IF VVS1 VVS2 7.4 6.9 6.6 7.4 6.9 6.6 7.4 6.9 6.6 6.5 6.1 5.8 6.5 6.1 5.8 5.6 5.4 5.1 5.6 5.4 5.1 3.2 3.2 3.2 3.2 3.2 3.2 2.2 2.2 2.2

VS1 6.0 6.0 6.0 5.5 5.5 4.8 4.8 3.0 3.0 2.1

VS2 5.6 5.6 5.6 5.2 5.2 4.6 4.6 3.0 3.0 2.0

SI1 5.5 5.5 5.5 5.0 5.0 4.4 4.4 2.8 2.8 1.8

SI2 5.1 5.1 5.1 4.7 4.7 4.2 4.2 2.7 2.7 1.7

D E F G H I J K L M

Total = 100% n/a* 100%

SI1 4.2 4.2 4.2 4.2 4.2 3.7 3.7 2.4 2.4 1.5

SI2 4.1 4.1 4.1 4.0 4.0 3.7 3.7 2.4 2.4 1.5

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 IF VVS1 VVS2 VS1 6.0 5.5 5.2 5.0 6.0 5.5 5.2 5.0 6.0 5.5 5.2 5.0 5.1 4.6 4.5 4.1 5.1 4.6 4.5 4.1 4.2 4.1 4.0 3.8 4.2 4.1 4.0 3.8 2.4 2.4 2.4 2.2 2.4 2.4 2.4 2.2 1.8 1.8 1.8 1.6

VS2 4.8 4.8 4.8 4.0 4.0 3.6 3.6 2.2 2.2 1.6

SI1 4.3 4.3 4.3 3.9 3.9 3.5 3.5 2.2 2.2 1.4

VS2 4.4 4.4 4.4 4.3 4.3 4.1 4.1 2.6 2.6 1.8

SI1 4.2 4.2 4.2 4.2 4.2 3.8 3.8 2.4 2.4 1.5

SI2 4.1 4.1 4.1 4.0 4.0 3.4 3.4 2.1 2.1 1.4

SI2 4.1 4.1 4.1 3.8 3.8 3.5 3.5 2.1 2.1 1.3

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 IF VVS1 VVS2 5.9 5.4 5.1 5.9 5.4 5.1 5.9 5.4 5.1 5.0 4.5 4.4 5.0 4.5 4.4 4.1 4.0 4.0 4.1 4.0 4.0 2.3 2.3 2.3 2.3 2.3 2.3 1.7 1.7 1.7

VS1 4.9 4.9 4.9 4.0 4.0 3.7 3.7 2.2 2.2 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:

VS1 5.0 5.0 5.0 4.8 4.8 4.6 4.4 2.6 2.6 1.8

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

Total = 100% n/a* 100%

Squares: 0.01-0.03 IF VVS1 VVS2 6.6 6.2 5.9 6.6 6.2 5.9 6.6 6.2 5.9 6.0 5.6 5.4 6.0 5.6 5.4 5.1 5.0 4.7 4.8 4.7 4.4 2.8 2.8 2.8 2.8 2.8 2.8 1.9 1.9 1.9

Total = 100%

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

D E F G H I J K L M

VS2 4.4 4.4 4.4 4.3 4.3 3.8 3.8 2.6 2.6 1.8

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 0.04-0.07 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 IF VVS1 VVS2 VS1 6.6 6.2 5.9 5.0 6.6 6.2 5.9 5.0 6.6 6.2 5.9 5.0 6.0 5.6 5.4 4.8 6.0 5.6 5.4 4.8 5.1 5.0 4.7 4.6 4.8 4.7 4.4 4.4 2.8 2.8 2.8 2.6 2.8 2.8 2.8 2.6 1.9 1.9 1.9 1.8

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 Mercury estimates of 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™, February 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 IF VVS1 VVS2 8.6 8.3 8.0 8.6 8.3 8.0 8.6 8.3 8.0 7.7 7.6 7.5 7.4 7.2 7.2 7.0 6.9 6.9 7.0 6.9 6.9 5.0 5.0 5.0 5.0 5.0 5.0 3.4 3.4 3.4

VS1 7.5 7.5 7.5 7.0 6.7 6.3 6.3 4.4 4.4 3.1

VS2 7.3 7.3 7.3 6.9 6.6 6.1 6.1 4.4 4.4 3.1

SI1 6.7 6.7 6.7 6.4 6.1 5.8 5.8 4.3 4.3 3.0

SI2 6.6 6.6 6.6 6.1 5.8 5.4 5.4 4.0 4.0 2.8

D E F G H I J K L M

Total = 100% n/a* 100%

SI1 5.6 5.6 5.6 5.0 4.8 4.7 4.7 3.6 3.6 2.3

SI2 4.8 4.8 4.8 4.7 4.6 4.4 4.4 3.2 3.2 2.1

D E F G H I J K L M

VS1 8.6 8.6 8.6 8.5 8.4 7.8 7.4 5.7 5.7 4.5

VS2 8.3 8.3 8.3 8.0 7.8 7.4 7.4 5.6 5.3 4.3

SI1 8.2 8.2 8.2 7.9 7.5 6.6 6.6 5.0 4.8 3.9

SI2 8.0 8.0 7.8 7.5 6.9 6.5 6.5 4.9 4.7 3.4

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 IF VVS1 VVS2 VS1 9.4 8.9 8.4 7.9 8.9 8.8 8.4 7.9 8.8 8.8 8.4 7.9 8.6 8.4 8.4 7.3 8.1 7.9 7.9 6.9 7.1 7.1 6.9 6.6 7.1 7.0 6.9 6.4 5.6 5.5 5.2 5.0 5.4 5.2 4.9 4.8 3.2 3.2 3.2 2.9

VS2 7.6 7.6 7.6 7.0 6.8 6.3 6.3 4.8 4.3 2.6

SI1 6.2 6.2 6.2 6.1 5.8 5.3 5.3 4.4 4.1 2.6

VS2 5.0 5.0 5.0 4.8 4.5 4.3 4.3 3.2 3.2 2.0

SI1 4.8 4.8 4.8 4.3 4.0 4.0 4.0 3.1 3.1 1.9

SI2 4.3 4.3 4.3 4.0 3.9 3.8 3.8 2.7 2.7 1.8

SI2 6.2 6.1 6.1 6.0 5.5 5.1 5.1 3.9 3.7 2.5

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 IF VVS1 VVS2 7.9 7.4 7.1 7.4 7.4 7.0 7.3 7.3 6.9 7.2 7.0 6.8 6.8 6.6 6.6 5.9 5.9 5.8 5.9 5.9 5.8 4.6 4.6 4.4 4.5 4.4 4.1 2.7 2.7 2.7

VS1 6.6 6.6 6.6 6.4 6.2 5.5 5.3 4.2 4.0 2.4

VS2 6.4 6.4 6.4 5.9 5.8 5.3 5.3 4.0 3.6 2.2

SI1 5.2 5.2 5.1 5.1 4.8 4.5 4.5 3.7 3.5 2.1

SI2 5.2 5.1 5.1 5.0 4.6 4.3 4.3 3.6 3.4 2.1

Total = 100%

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

VS1 5.4 5.4 5.4 5.1 4.8 4.7 4.7 3.3 3.3 2.0

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

Total = 100% n/a* 100%

Squares: 0.08-0.14 IF VVS1 VVS2 6.2 5.9 5.7 6.1 5.9 5.7 6.1 5.9 5.7 5.4 5.3 5.2 5.1 5.0 5.0 5.1 5.0 4.8 5.1 5.0 4.8 3.7 3.7 3.7 3.7 3.7 3.7 2.4 2.4 2.4

Total = 100%

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

D E F G H I J K L M

VS2 5.9 5.9 5.9 5.6 5.3 5.1 5.1 3.7 3.7 2.3

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 0.15-0.17 IF VVS1 VVS2 10.5 10.4 10.3 10.5 10.4 10.3 10.5 10.4 10.3 9.8 9.8 9.8 9.3 9.2 9.2 8.8 8.8 8.8 8.8 8.8 8.8 6.4 6.4 6.4 6.2 6.2 6.2 5.0 5.0 5.0

Semi Rounds: 0.08-0.14 IF VVS1 VVS2 VS1 7.3 7.0 6.7 6.4 7.2 7.0 6.7 6.4 7.2 7.0 6.7 6.4 6.4 6.2 6.2 6.0 6.1 6.0 5.9 5.7 6.1 5.9 5.7 5.6 6.1 5.9 5.7 5.6 4.4 4.4 4.4 3.9 4.4 4.4 4.4 3.9 2.8 2.8 2.8 2.4

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 Mercury estimates of 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™, February 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 IF VVS1 VVS2 13.0 11.9 11.7 12.1 11.8 11.6 12.1 11.8 11.6 10.8 10.5 10.2 10.0 9.7 9.6 9.1 9.1 9.1 9.1 9.1 9.1 6.9 6.9 6.5 6.5 6.4 6.2 5.4 5.4 5.4

VS1 10.8 10.4 10.3 9.5 9.1 8.4 8.0 5.8 5.7 4.8

VS2 10.3 10.3 10.2 9.2 8.5 7.9 7.9 5.6 5.5 4.6

SI1 8.5 8.4 8.4 8.1 7.5 7.2 7.2 5.4 5.2 4.5

SI2 8.1 8.0 7.8 7.6 7.0 6.8 6.8 5.0 4.9 4.1

D E F G H I J K L M

Semi Rounds: 0.18-0.22 IF VVS1 VVS2 VS1 10.4 10.1 9.7 8.6 10.3 9.9 9.7 8.5 9.8 9.7 9.5 8.3 9.3 9.1 9.0 7.9 8.6 8.4 8.4 7.5 8.4 8.3 8.0 7.2 8.3 8.1 7.9 6.8 6.5 6.3 6.0 5.3 6.2 6.0 5.7 5.1 4.3 4.2 4.0 3.7

VS2 8.4 8.3 8.3 7.7 7.3 6.7 6.6 5.2 4.9 3.6

SI1 7.4 7.4 7.3 7.0 6.6 6.2 6.2 4.6 4.6 3.4

SI2 7.1 7.0 6.9 6.5 6.3 5.9 5.9 4.4 4.1 2.9

D E F G H I J K L M

Squares: 0.18-0.22 IF VVS1 VVS2 9.4 8.5 8.4 8.7 8.5 8.3 8.7 8.4 8.3 8.4 8.1 7.9 7.7 7.5 7.4 6.7 6.7 6.6 6.7 6.7 6.6 4.9 4.9 4.7 4.8 4.7 4.5 2.9 2.9 2.9

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

Round:0.23-0.29 IF VVS1 VVS2 21.0 18.0 17.0 18.8 17.3 16.4 18.3 16.8 16.0 15.9 15.0 13.8 15.0 14.4 13.0 13.6 13.3 12.7 13.5 12.8 12.3 11.7 11.1 10.2 9.7 9.3 8.8 8.0 7.8 7.6

VS1 14.7 14.3 14.0 13.4 12.9 12.1 10.7 9.9 8.5 7.3

VS2 14.4 14.1 13.7 12.8 12.6 11.7 10.6 9.6 8.2 6.5

SI1 13.8 13.1 13.0 11.5 10.8 9.8 8.9 8.0 7.4 6.3

SI2 12.1 11.5 11.4 10.1 9.5 8.6 7.8 7.0 6.6 5.6

D E F G H I J K L M

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

9% 91%

100%

For marquise and heart shapes deduct 5%

Semi Rounds:: 0.23-0.29 IF VVS1 VVS2 VS1 15.9 13.6 12.9 10.8 14.3 13.2 12.1 10.8 14.0 12.7 11.8 10.4 11.7 11.2 11.0 10.0 11.2 11.0 10.8 9.7 9.0 8.7 8.4 8.0 8.8 8.5 8.0 7.2 6.8 6.4 6.0 5.8 6.2 6.0 5.7 5.6 4.5 4.3 4.1 3.8

VS2 10.3 10.1 10.0 9.6 9.2 7.7 6.7 5.3 5.0 3.6

Note:

SI1 8.9 8.6 8.4 8.2 7.7 6.6 6.4 4.9 4.8 3.5

SI2 8.3 8.0 7.7 7.2 6.8 6.0 6.0 4.8 4.3 3.2

D E F G H I J K L M

Sqaures: 0.23-0.29 IF VVS1 VVS2 13.1 11.2 10.6 11.8 10.8 10.5 11.5 10.7 10.4 9.7 9.4 9.0 9.6 9.2 8.8 7.7 7.2 7.1 7.4 7.2 6.9 5.7 5.4 5.2 5.0 5.0 4.8 3.9 3.5 3.4

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:

VS2 7.4 7.4 7.3 7.0 6.5 5.9 5.6 4.4 4.2 2.3

SI1 5.8 5.8 5.7 5.7 5.4 5.2 5.0 4.1 4.0 2.3

SI2 5.8 5.7 5.6 5.4 5.2 4.9 4.6 4.0 3.8 2.2

100%

For ascher cut and radiant deduct 7%

Total = 100%

Note:

VS1 7.6 7.5 7.5 7.1 6.9 6.2 6.0 4.5 4.4 2.5

VS1 8.9 8.8 8.6 8.2 8.0 6.5 6.2 5.1 4.7 3.2

VS2 8.7 8.4 8.4 7.9 7.7 6.3 5.7 4.8 4.6 3.0

SI1 7.3 7.1 7.1 6.7 6.3 5.3 5.2 4.3 4.2 2.9

SI2 6.8 6.5 6.3 5.9 5.5 5.1 4.7 4.1 3.9 2.6

100%

For ascher cut and radiant deduct 7%

Prices shown are Mercury estimates of 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™, February 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

Round:0.30-0.39 IF VVS1 VVS2 27.8 21.7 19.5 19.8 17.9 17.2 18.8 17.5 17.0 17.1 16.4 15.3 16.1 15.6 15.2 14.9 14.4 14.0 13.7 13.0 12.7 11.8 11.1 10.8 9.8 9.6 9.3 8.7 8.4 8.2

VS1 17.4 16.8 16.2 15.1 14.8 13.3 12.3 10.7 9.2 8.1

VS2 16.9 16.2 15.7 14.8 14.5 12.4 11.6 10.2 8.8 7.9

SI1 15.8 15.1 14.4 13.5 13.0 11.4 10.9 9.6 8.2 7.3

SI2 14.0 13.3 12.7 12.0 11.8 10.6 9.6 8.9 7.0 6.2

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 IF VVS1 VVS2 33.1 26.9 23.2 23.5 23.1 21.3 22.9 21.8 20.6 20.6 20.0 19.5 19.7 19.2 18.6 15.6 15.1 14.9 14.8 14.1 13.5 13.9 13.5 13.1 12.9 12.5 12.2 12.0 11.6 11.3

VS2 11.8 11.6 11.6 10.8 10.6 7.9 6.9 5.5 5.1 3.7

SI1 11.1 10.0 9.7 9.0 8.4 7.3 6.9 5.0 4.9 3.6

SI2 9.5 9.3 9.0 8.3 7.8 6.4 6.4 4.9 4.8 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 IF VVS1 VVS2 VS1 22.2 18.0 16.4 13.1 16.3 14.7 13.5 12.4 15.5 14.2 13.1 11.9 14.0 12.5 12.2 11.2 12.5 12.2 12.1 10.9 9.1 8.9 8.6 8.3 9.0 8.7 8.2 7.5 6.9 6.5 6.2 6.0 6.6 6.3 5.8 5.7 6.0 5.6 5.1 3.9

VS1 22.0 21.0 20.4 18.9 18.0 14.5 13.3 12.2 11.4 10.5

VS2 20.3 19.2 18.8 17.5 16.9 13.5 13.0 11.5 11.0 10.0

SI1 18.0 16.3 16.2 15.9 14.6 13.2 12.1 10.2 8.9 8.2

SI2 16.6 15.5 14.7 14.0 13.4 12.2 11.0 9.3 8.7 7.0

D E F G H I J K L M

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

40% 60%

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 IF VVS1 VVS2 VS1 22.9 22.3 19.7 17.7 21.3 19.6 17.4 16.3 19.4 18.0 16.5 15.9 15.4 14.9 14.8 14.5 14.4 13.9 13.5 13.5 11.4 10.4 9.9 9.2 9.5 9.0 8.8 7.9 8.8 7.6 7.2 6.6 7.4 6.7 6.6 6.1 6.9 6.2 6.1 5.4

VS2 16.1 14.7 14.4 12.9 12.2 8.5 7.6 6.0 5.7 4.9

SI1 13.5 12.1 11.8 10.0 9.4 8.3 7.0 5.8 5.2 4.6

SI1 9.4 8.2 7.6 7.2 7.0 5.8 5.7 4.7 4.6 3.6

SI2 8.1 7.6 7.3 6.6 6.6 5.5 5.5 4.4 4.3 3.1

SI2 12.1 10.8 10.4 8.8 8.3 7.1 6.4 4.9 4.9 3.6

D E F G H I J K L M

17% 83%

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 IF VVS1 VVS2 21.0 19.4 17.2 18.6 17.0 15.1 16.9 15.6 14.4 15.0 13.8 12.4 13.9 12.4 11.2 10.4 9.5 9.1 8.7 8.2 8.0 8.0 7.0 6.6 6.7 6.1 6.0 6.3 5.7 5.6

VS1 14.8 13.6 13.3 11.7 10.9 8.4 7.2 6.1 5.6 4.9

VS2 13.5 12.3 12.0 10.4 9.8 7.8 6.9 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 9.8 9.4 9.2 8.9 8.9 6.9 6.2 5.3 5.0 4.1

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

Total = 100% 100%

VS1 10.8 10.2 9.7 9.4 9.0 7.3 6.4 5.4 5.0 4.1

Total = 100%

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

Sqaures: 0.30-0.39 IF VVS1 VVS2 18.8 16.9 15.4 15.3 13.8 12.6 14.5 13.3 11.8 12.0 10.6 10.0 10.7 10.3 9.5 8.5 8.3 7.7 8.2 7.8 7.5 6.2 5.9 5.7 5.8 5.2 5.2 5.6 5.2 4.8

29% 71%

For marquise and heart shapes deduct 5%

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

20% 80%

For ascher cut and radiant deduct 7%

Prices shown are Mercury estimates of 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™, February 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 IF VVS1 VVS2 36.6 29.2 25.6 26.4 26.0 24.2 24.0 22.4 22.3 22.6 22.0 21.3 21.6 21.0 20.4 19.0 18.8 18.1 17.8 17.5 16.5 14.4 13.5 13.1 13.4 12.8 12.7 12.8 11.6 11.3

VS1 24.6 23.7 22.1 20.9 20.0 16.9 15.4 12.7 11.8 11.0

VS2 23.0 22.1 21.4 20.0 18.9 16.4 15.0 12.0 11.5 10.4

SI1 19.7 17.9 17.8 17.0 16.4 15.8 14.1 11.0 9.9 9.4

SI2 18.0 17.0 16.0 14.6 14.2 14.0 12.6 10.5 9.2 8.4

D E F G H I J K L M

Total = 100% 63% 37%

VS1 34.0 31.8 29.1 26.8 25.2 20.8 18.0 16.6 14.6 12.9

VS2 33.5 28.9 27.6 25.6 24.5 19.4 17.2 15.8 13.9 12.0

SI1 25.5 24.3 22.2 22.1 21.1 18.9 16.9 15.3 13.7 11.6

SI2 21.6 20.1 18.8 18.5 18.3 18.1 16.0 14.9 12.3 11.0

D E F G H I J K L M

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

SI1 14.7 13.2 12.8 10.9 10.3 9.4 7.3 6.3 5.5 5.1

SI2 12.9 11.6 11.1 9.1 8.7 7.8 6.8 5.4 5.0 4.5

D E F G H I J K L M

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

9% 91%

For marquise and heart shapes deduct 5%

Semi Rounds: 0.50-.0.69 IF VVS1 VVS2 VS1 46.7 29.6 23.9 23.8 35.5 25.1 22.1 20.9 29.4 22.9 21.6 19.7 29.2 22.8 19.9 19.1 25.9 20.6 18.8 17.8 21.1 16.2 15.3 14.6 16.1 14.6 13.4 12.9 14.2 12.4 12.0 11.2 11.0 10.2 9.9 9.2 9.1 7.8 7.6 7.1

VS2 22.8 18.8 17.4 16.5 15.6 13.4 12.5 10.7 9.0 6.9

SI1 18.9 16.9 15.7 15.7 13.9 11.4 11.2 10.6 8.8 6.7

VS2 14.8 13.5 13.2 11.3 10.3 9.2 8.1 5.9 5.5 5.0

SI1 11.8 10.6 10.3 9.6 9.1 8.7 6.7 5.8 5.1 4.3

SI2 10.4 9.4 8.9 8.0 7.7 7.2 6.2 5.0 4.6 3.8

SI2 15.9 14.4 13.8 13.4 12.9 11.0 10.6 10.2 8.7 6.2

D E F G H I J K L M

11% 89%

For ascher cut and radiant deduct 7%

Squares: 0.50-0.69 IF VVS1 VVS2 40.8 28.1 22.7 31.9 23.8 21.0 27.3 21.0 17.8 24.5 19.1 17.0 21.8 17.4 15.8 19.4 15.0 14.1 14.8 13.5 12.3 13.7 12.0 11.2 10.6 9.2 8.9 8.8 7.3 7.0

VS1 22.2 19.4 17.7 16.7 15.7 12.5 11.5 10.3 8.5 6.4

VS2 21.2 17.5 15.8 14.6 13.8 11.4 11.1 9.8 8.4 6.3

SI1 16.4 14.6 13.9 13.6 12.3 10.8 10.6 8.4 7.2 5.3

SI2 13.8 12.4 12.0 11.9 11.4 10.4 10.0 8.1 6.8 4.9

Total = 100%

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

VS1 16.1 14.8 14.0 12.6 11.8 9.6 8.5 6.6 5.9 5.4

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

Total = 100% 100%

Squares: 0.46-0.49 IF VVS1 VVS2 22.9 21.4 18.5 19.8 18.2 17.2 17.9 16.6 15.2 15.8 14.2 12.8 15.4 13.5 12.2 11.1 10.5 9.7 9.4 8.9 8.8 8.4 7.5 7.0 7.8 6.7 6.4 7.7 6.1 5.7

Total = 100%

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

D E F G H I J K L M

VS2 16.8 15.3 15.0 13.2 12.5 10.4 9.2 6.4 6.0 5.4

Total = 100%

Data sources for price points: Transactions Other market data

Rounds: 0.50-0.69 IF VVS1 VVS2 58.6 45.0 37.2 49.1 38.6 34.7 40.5 35.2 32.1 35.0 31.0 28.6 31.9 28.6 27.0 25.6 22.8 21.0 20.5 19.9 19.3 19.3 18.2 17.2 15.9 15.2 14.8 14.1 13.7 13.3

Semi Rounds: 0.46-0.49 IF VVS1 VVS2 VS1 24.8 24.3 21.1 18.3 22.5 20.7 19.5 16.8 21.0 19.4 17.8 16.4 17.1 15.8 14.8 14.8 16.6 14.6 14.2 13.8 11.9 11.6 11.2 10.9 10.6 10.2 10.0 9.7 9.1 8.1 7.5 7.1 8.4 7.2 6.9 6.6 8.3 6.6 6.6 5.7

63% 37%

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:

57% 43%

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

Prices shown are Mercury estimates of 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™, February 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 IF VVS1 VVS2 71.5 55.7 50.0 59.2 48.8 45.4 51.8 45.1 39.6 46.4 41.9 35.5 42.2 35.9 34.8 33.8 29.6 28.7 26.8 23.1 22.4 22.8 20.0 18.4 16.3 15.5 15.0 14.7 13.7 13.4

VS1 47.6 42.2 38.5 34.8 31.3 28.2 22.0 18.4 14.9 13.4

VS2 44.7 38.9 37.3 34.6 30.4 27.2 21.3 17.6 14.7 13.2

SI1 36.8 34.4 33.1 30.5 28.6 24.6 20.9 17.6 14.1 13.0

SI2 31.0 29.1 28.1 27.5 23.3 22.4 19.6 16.4 13.8 11.8

D E F G H I J K L M

Total = 100%

D E F G H I J K L M

100%

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

Rounds: 0.90-0.99 IF VVS1 VVS2 101.5 86.9 73.2 87.1 75.1 64.7 74.9 69.1 57.6 65.3 60.4 53.1 56.3 51.5 48.2 43.8 42.5 41.3 36.4 34.7 33.7 33.0 31.4 29.9 24.8 24.5 23.7 20.5 19.9 19.6

SI1 28.4 27.1 25.8 23.8 20.9 17.9 15.9 12.7 10.5 9.0

SI2 25.1 23.4 21.6 20.9 17.7 16.3 15.1 11.8 9.1 8.1

D E F G H I J K L M

VS1 59.7 55.8 52.2 50.1 46.2 39.0 31.8 25.9 21.2 17.7

VS2 55.8 51.6 48.6 46.1 43.0 37.1 31.6 24.9 19.2 17.1

SI1 51.0 46.8 41.3 39.9 38.5 35.5 30.0 22.8 18.1 16.3

SI2 43.3 40.6 36.7 35.0 33.3 31.0 26.9 20.3 16.8 15.7

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

54% 46%

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 IF VVS1 VVS2 VS1 65.4 56.3 49.2 43.1 58.8 50.6 42.7 40.1 50.6 42.6 41.1 37.8 44.3 40.0 37.2 36.2 34.7 33.7 32.7 31.1 27.8 27.1 26.2 25.8 22.7 21.2 20.6 20.2 21.8 20.9 20.2 18.6 16.4 15.7 15.4 14.7 13.5 12.7 12.7 12.1

VS2 41.9 38.5 36.7 34.9 30.8 24.8 19.6 18.3 13.9 12.0

SI1 37.0 34.4 33.2 31.0 27.9 24.1 19.0 17.6 13.7 11.8

VS2 28.4 27.6 26.4 25.4 21.9 17.5 15.0 12.0 10.1 8.5

SI1 25.4 24.2 23.1 21.3 18.7 16.3 14.8 11.9 9.9 8.4

SI2 22.4 20.9 19.3 17.8 15.9 14.9 13.8 11.3 8.7 7.8

SI2 30.0 28.5 27.0 26.0 25.0 22.0 16.8 15.6 13.6 11.7

D E F G H I J K L M

57% 43%

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 IF VVS1 VVS2 60.8 47.7 41.7 49.8 42.8 36.2 42.9 37.8 35.5 39.6 36.6 34.8 34.1 30.1 29.3 28.4 27.6 26.8 22.3 21.6 21.0 18.6 18.2 17.1 14.3 13.8 13.4 12.2 11.9 11.5

VS1 36.4 33.0 32.4 31.0 27.6 26.0 20.4 16.6 13.0 11.2

VS2 34.5 32.3 32.1 30.0 26.8 25.0 19.8 15.5 12.8 11.1

SI1 33.3 32.0 31.5 29.7 26.4 21.3 18.2 14.8 12.0 9.7

SI2 28.3 27.4 26.5 25.7 23.5 19.4 16.4 13.8 12.0 9.2

Total = 100%

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

VS1 29.2 28.4 27.3 26.2 22.9 18.7 15.5 12.3 10.9 8.6

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

Total = 100% 100%

Squares: 0.70-0.89 IF VVS1 VVS2 48.2 33.8 30.1 37.1 30.3 29.3 34.0 28.9 28.1 30.5 27.0 26.3 30.2 25.3 24.8 24.8 20.7 19.7 19.7 16.7 16.2 16.5 14.8 13.6 13.0 12.2 11.6 10.0 9.3 9.1

Total = 100%

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

Total = 100%

Note:

VS2 30.6 30.1 28.7 27.0 23.3 18.6 16.0 13.6 10.7 9.7

Total = 100%

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

Semi Rounds: 0.70-0.89 IF VVS1 VVS2 VS1 50.5 36.7 32.7 32.2 40.3 32.9 31.9 31.2 38.1 32.0 30.5 30.2 37.9 31.6 29.3 28.1 34.4 28.8 28.2 24.6 24.6 21.1 20.5 19.9 19.6 17.5 17.0 16.5 17.2 15.5 14.5 14.0 13.7 13.1 12.8 12.4 10.7 10.4 10.1 9.8

74% 26%

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:

26% 74%

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

Prices shown are Mercury estimates of 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™, February 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 154 118 102 94 109 102 83 81 89 83 75 73 77 74 69 64 67 63 61 60 58 54 53 51 48 45 43 42 38 35 34 33 34 32 31 30 30 27 25 25

VS2 81 72 65 58 55 49 40 33 29 24

SI1 61 59 56 55 48 42 37 30 27 22

SI2 51 49 47 44 42 41 36 29 26 21

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 193 164 144 115 152 140 119 108 132 120 104 94 100 96 89 86 81 76 74 72 67 64 62 59 56 53 51 49 43 39 39 38 39 37 36 36 32 31 31 29

SI1 50 48 45 39 35 30 25 20 17 14

SI2 39 38 38 33 31 27 22 18 16 13

D E F G H I J K L M

VS2 108 96 87 82 69 57 46 37 34 29

SI1 77 75 72 69 66 55 45 36 32 26

SI2 64 61 60 57 54 49 41 33 29 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

99% 1%

1.20-1.49 may trade at 2% to 7% premium over 1 ct For marquise and heart shapes deduct 5%

Semi Rounds: 1.50-1.99 ct IF VVS1 VVS2 VS1 129 118 97 85 106 98 85 77 94 85 82 74 78 76 74 69 67 65 63 59 49 47 46 45 40 38 37 37 34 33 32 28 29 28 28 25 25 25 24 21

VS2 73 68 65 63 55 44 36 28 24 21

SI1 64 62 60 52 47 44 35 25 23 19

SI1 40 39 38 38 35 28 23 19 15 13

SI2 35 33 31 31 29 27 22 17 15 12

SI2 52 50 48 48 43 40 34 23 20 15

D E F G H I J K L M

99% 1%

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 98 90 80 75 89 80 77 73 79 72 70 66 70 65 61 60 57 52 50 50 50 45 43 41 43 37 35 34 30 29 26 26 26 24 22 21 21 20 19 18

VS2 71 67 63 59 49 40 33 25 20 17

SI1 68 65 60 53 46 39 32 24 19 16

SI2 55 53 51 46 39 34 28 19 17 15

Total = 100%

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

VS2 48 43 41 38 36 30 25 20 17 14

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

Total = 100% 100%

Squares: 1.00-1.49 ct IF VVS1 VVS2 VS1 86 70 57 53 67 60 52 47 57 52 50 45 51 48 47 40 44 43 41 38 36 35 34 31 29 28 27 26 24 23 23 21 21 19 18 17 16 16 15 14

Total = 100%

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

Total = 100%

Note:

VS2 58 51 46 45 37 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 92 83 72 62 82 73 64 56 69 64 53 50 52 50 49 48 43 42 41 40 37 36 35 34 31 30 30 29 25 24 23 22 21 20 19 19 18 17 16 15

59% 41%

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:

90% 10%

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 Mercury estimates of 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™, February 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 321 240 223 188 226 200 189 160 198 173 159 134 173 150 134 115 130 125 117 105 98 83 81 78 76 68 66 64 70 61 56 51 60 52 49 44 51 44 43 39

VS2 148 137 124 111 98 76 62 49 43 38

SI1 111 105 99 91 86 70 57 45 41 35

SI2 89 79 77 73 68 58 55 44 38 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 552 415 381 286 384 356 299 240 328 299 252 213 237 227 199 185 182 176 167 157 132 128 125 117 111 107 104 98 94 91 89 80 76 69 67 60 65 60 58 52

SI1 99 93 90 71 68 51 41 35 27 24

SI2 74 70 62 60 55 47 40 33 25 22

D E F G H I J K L M

VS2 225 210 188 160 135 109 86 73 55 48

SI1 165 150 137 127 109 94 80 66 49 42

SI2 115 112 109 92 88 79 72 56 47 39

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 335 273 238 200 230 221 210 181 209 202 184 167 207 186 174 146 166 152 139 122 114 105 99 91 96 86 78 72 65 63 61 59 46 42 40 39 38 37 36 34

VS2 175 161 148 135 109 83 70 57 38 33

SI1 121 114 107 103 88 82 68 53 37 32

SI1 84 78 73 73 65 51 44 36 28 26

SI2 63 61 60 60 59 50 40 32 27 25

SI2 83 79 79 78 73 67 57 45 33 27

D E F G H I J K L M

63% 37%

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 373 242 208 179 240 210 192 162 205 189 173 149 161 157 153 142 132 129 126 117 101 99 97 90 85 76 74 69 59 56 53 52 43 40 39 37 36 35 34 33

VS2 159 146 134 115 108 84 67 50 36 32

SI1 129 124 102 101 84 73 58 48 33 31

SI2 90 86 83 74 71 62 52 47 32 30

Total = 100%

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

VS2 107 96 90 83 67 52 45 39 30 28

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

Total = 100% 99% 1%

Squares: 2.00-2.99 ct IF VVS1 VVS2 VS1 177 130 125 119 135 127 109 106 117 108 99 93 98 95 88 85 81 73 71 68 68 64 59 54 54 51 49 46 43 42 41 40 33 32 32 31 30 30 29 28

Total = 100%

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

Total = 100%

Note:

VS2 130 113 106 85 73 55 44 36 28 24

Total = 100%

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

Semi Rounds: 2.00-2.99 ct IF VVS1 VVS2 VS1 180 174 153 143 155 141 134 125 140 130 123 112 107 98 95 87 82 80 78 75 63 59 57 56 50 47 46 45 45 41 39 37 35 32 31 30 29 27 26 25

29% 71%

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:

23% 77%

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

Prices shown are Mercury estimates of 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™, February 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 662 481 429 365 453 429 374 328 389 370 329 297 280 272 264 259 213 206 200 196 165 160 151 148 133 129 123 121 116 113 108 101 86 83 78 73 74 70 67 62

VS2 300 278 251 222 185 135 113 97 70 60

SI1 198 191 178 158 142 114 98 82 61 53

SI2 141 137 133 120 117 97 85 71 56 46

D E F G H I J K L M

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

D E F G H I J K L M

24% 76%

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

Rounds: 5.00-5.99 ct IF VVS1 VVS2 VS1 1015 633 571 554 624 547 520 505 535 489 466 453 384 372 340 314 301 292 271 250 224 217 211 205 172 167 162 157 132 123 117 110 96 92 86 83 82 79 74 72

VS2 474 430 343 269 226 186 152 105 79 70

SI1 293 270 250 223 195 145 119 97 74 65

Data sources for price points: Transactions Other market data

11% 89%

SI1 155 148 137 132 117 100 80 63 46 37

SI2 108 103 97 97 87 75 66 53 41 34

D E F G H I J K L M

Squares: 4.00-4.99 ct IF VVS1 VVS2 VS1 414 308 284 272 291 282 268 258 262 253 244 233 226 220 204 174 181 175 168 144 125 122 118 109 92 90 87 81 72 70 68 61 50 49 47 44 42 40 39 36

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 268 248 219 195 168 108 86 68 49 38

Total = 100%

Note:

SI2 193 188 180 170 155 123 109 89 63 58

Semi Rounds: 4.00-4.99 ct IF VVS1 VVS2 VS1 398 340 323 297 323 313 302 279 303 294 275 253 241 234 227 220 199 193 188 182 133 127 122 114 115 98 95 88 83 81 78 70 60 59 56 51 49 47 45 39

100%

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 635 518 503 487 487 472 459 445 422 410 398 386 311 301 288 272 250 243 229 219 189 184 178 173 141 137 133 129 121 117 111 101 75 73 71 69 65 63 61 59

VS2 370 346 298 233 199 168 125 98 67 56

SI1 256 246 218 182 156 119 105 80 65 53

Note:

SI2 159 155 146 128 113 90 82 68 54 46

D E F G H I J K L M

Squares: 5.00-5.99 ct IF VVS1 VVS2 VS1 606 437 401 383 437 401 377 350 383 353 329 303 311 290 269 236 250 240 214 174 184 176 164 144 135 129 121 110 104 101 98 94 72 70 68 65 61 59 57 55

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 151 142 136 119 105 90 76 53 42 33

SI2 101 98 95 89 79 72 62 51 39 32

6% 94%

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 246 207 183 143 127 106 78 57 43 35

VS2 335 313 269 190 166 135 105 90 63 52

SI1 209 202 185 143 125 110 85 67 49 42

SI2 134 130 123 101 96 82 74 58 47 40

100%

For ascher cut and radiant deduct 7%

Prices shown are Mercury estimates of 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™, February 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 1025 640 576 560 630 552 525 510 541 494 471 457 388 376 344 317 304 295 274 253 226 219 213 207 173 168 163 159 134 124 118 111 97 93 87 84 83 80 75 73

VS2 479 434 346 272 228 188 154 106 80 71

SI1 296 272 253 225 197 147 120 98 75 65

SI2 195 190 181 172 157 124 110 90 64 59

D E F G H I J K L M

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

11% 89%

D E F G H I J K L M

VS2 501 459 398 361 259 218 173 136 105 92

SI1 336 309 287 251 220 196 165 131 102 90

SI2 228 222 212 204 180 161 142 121 87 81

Data sources for price points: Transactions Other market data

9% 91%

SI1 259 249 220 184 157 120 106 80 65 53

SI2 161 157 148 129 114 91 82 68 55 47

D E F G H I J K L M

Squares: 6.00-6.99 ct IF VVS1 VVS2 VS1 612 441 405 386 441 405 381 354 387 356 333 306 314 292 272 238 253 242 217 176 185 178 166 146 136 130 122 111 105 102 99 95 73 70 68 66 61 59 58 55

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 374 350 301 235 201 170 126 99 67 57

Total = 100%

Note:

Rounds: 7.00-7.99 ct IF VVS1 VVS2 VS1 1102 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 641 523 508 492 491 477 463 450 426 414 402 390 314 304 291 274 253 245 231 222 191 185 180 175 142 138 134 130 122 118 112 102 76 74 72 70 66 64 62 60

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 211 204 187 144 126 111 86 67 50 42

SI2 135 131 124 102 97 83 75 59 47 40

14% 86%

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

Total = 100%

Note:

VS2 338 316 272 192 167 136 106 91 64 53

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 Mercury estimates of 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™, February 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 381 335 311 272 238 200 171 145 110 102

SI2 263 257 245 236 209 173 152 130 89 82

D E F G H I J K L M

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

7% 93%

D E F G H I J K L M

VS2 605 554 481 422 324 273 224 170 126 110

SI1 438 383 356 311 272 239 209 166 123 107

SI2 286 271 259 249 220 191 173 140 101 89

VS2 483 452 389 319 267 209 163 129 88 76

SI1 348 307 285 236 206 169 150 111 85 69

SI2 222 198 189 175 148 130 117 96 71 61

D E F G H I J K L M

Squares: 8.00-8.99 ct IF VVS1 VVS2 VS1 900 704 646 599 656 634 607 546 575 557 531 473 474 444 424 375 382 366 335 298 273 262 249 221 198 192 186 168 155 150 146 132 106 101 95 91 88 86 83 81

Total = 100%

Total = 100%

Data sources for price points: Transactions Other market data

Data sources for price points: Transactions Other market data

Note:

Rounds: 9.00-9.99 ct IF VVS1 VVS2 VS1 1240 960 831 765 896 828 744 697 769 741 662 625 576 557 500 481 481 431 396 372 359 326 312 294 271 252 236 230 211 197 183 174 153 144 134 130 127 122 117 114

Semi Rounds: 8.00-8.99 ct IF VVS1 VVS2 VS1 900 704 646 599 656 634 607 546 575 557 531 473 474 444 424 375 382 366 335 298 273 262 249 221 198 192 186 168 155 150 146 132 106 101 95 91 88 86 83 81

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 918 705 647 612 684 647 608 557 599 569 531 483 486 453 424 383 404 368 337 313 296 270 257 235 211 198 192 178 165 157 152 143 112 109 103 99 95 92 86 82

VS2 484 453 389 319 273 219 173 139 96 80

Note:

SI1 353 312 289 238 218 179 158 118 90 73

SI2 225 201 192 177 155 136 123 101 75 64

D E F G H I J K L M

Squares: 9.00-9.99 ct IF VVS1 VVS2 VS1 918 705 647 612 684 647 608 557 599 569 531 483 486 453 424 383 404 368 337 313 296 270 257 235 211 198 192 178 165 157 152 143 112 109 103 99 95 92 86 82

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 348 307 285 236 206 169 150 111 85 69

SI2 222 198 189 175 148 130 117 96 71 61

100%

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

Total = 100%

100%

VS2 483 452 389 319 267 209 163 129 88 76

VS2 484 453 389 319 273 219 173 139 96 80

SI1 353 312 289 238 218 179 158 118 90 73

SI2 225 201 192 177 155 136 123 101 75 64

100%

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

Prices shown are Mercury estimates of 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™, February 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 1494 1140 988 864 1048 984 892 788 899 872 794 706 659 639 579 548 572 524 478 433 428 397 376 342 322 301 279 271 253 245 219 213 183 177 170 165 161 155 151 146

VS2 667 611 531 484 386 325 244 191 160 142

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

Semi Rounds: 10.00-14.99 ct IF VVS1 VVS2 VS1 VS2 1204 867 776 649 513 841 776 730 591 481 739 683 637 512 413 595 544 509 428 356 483 450 404 350 305 354 311 292 276 264 252 228 218 210 203 197 191 179 170 161 144 134 126 121 117 120 114 106 101 95

SI1 391 379 345 321 280 231 197 152 112 90

SI2 249 242 229 213 200 176 159 130 96 82

D E F G H I J K L M

Squares: 10.00-14.99 ct IF VVS1 VVS2 VS1 1204 867 776 649 841 776 730 591 739 683 637 512 595 544 509 428 483 450 404 350 354 311 292 276 252 228 218 210 197 191 179 170 144 134 126 121 120 114 106 101

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: 15.00 - 19.99 ct IF VVS1 VVS2 VS1 1651 1262 1094 1033 1244 1090 979 930 1068 975 871 828 800 732 658 625 628 570 524 498 469 431 412 393 350 328 306 290 275 256 238 226 231 220 206 196 193 187 181 171

VS2 792 726 630 554 437 344 255 197 171 150

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

100%

For marquise and heart shapes deduct 5%

Semi Rounds: 15.00 - 19.99 ct IF VVS1 VVS2 VS1 VS2 1287 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

Note:

SI1 510 469 429 382 326 266 210 162 141 118

SI2 284 263 249 234 207 182 164 135 100 97

D E F G H I J K L M

Total = 100%

100%

SI1 391 379 345 321 280 231 197 152 112 90

SI2 249 242 229 213 200 176 159 130 96 82

100%

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

Squares: 15.00- 15.00.99 ct IF VVS1 VVS2 VS1 1287 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 513 481 413 356 305 264 203 161 117 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 Mercury estimates of 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™, February 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 1740 1464 1269 1224 1395 1264 1135 1079 1197 1131 1011 960 897 850 763 725 706 661 608 577 544 500 478 464 420 393 368 349 330 308 285 271 264 256 245 233 221 214 208 202

VS2 939 861 747 656 518 437 318 246 212 196

SI1 725 667 619 542 454 384 280 217 186 178

SI2 477 465 443 427 377 328 246 191 164 161

D E F G H I J K L M

Semi Rounds: 20.00-29.99 ct IF VVS1 VVS2 VS1 VS2 1341 1058 970 945 888 1058 970 912 857 789 927 854 796 749 689 752 680 636 598 550 606 562 506 475 437 506 472 439 428 400 361 345 328 320 299 282 274 256 250 234 202 189 178 173 162 167 158 149 145 135

SI1 575 529 484 429 374 308 272 202 155 122

SI2 309 286 270 254 224 197 178 146 108 102

D E F G H I J K L M

Squares: 20.00-29.99 ct IF VVS1 VVS2 VS1 1341 1058 970 945 1058 970 912 857 927 854 796 749 752 680 636 598 606 562 506 475 506 472 439 428 361 345 328 320 282 274 256 250 202 189 178 173 167 158 149 145

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 888 789 689 550 437 400 299 234 162 135

SI1 575 529 484 429 374 308 272 202 155 122

SI2 309 286 270 254 224 197 178 146 108 102

100%

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

Prices shown are Mercury estimates of 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