Diamonds of One-Ct And Less Down In July, Says Rapaport

Finance and Trade
05/08/2015 11:49

Diamond prices declined in July as market sentiment decreased "to levels not seen since the 2008 downturn". Polished prices have fallen as a result of pressure on manufacturers to cut stocks due to lower demand from China and stable, albeit cautious, demand from the American market. The RapNet Diamond Index (RAPI) for 1-carat laboratory-graded diamonds fell 2.5 percent during July, while for 0.50-carat diamonds there was a drop of 4.7 percent and for 0.30-carat diamonds a decline of 6.3 percent.