Rapaport Press Release
Rapaport Releases May Research Report - “Where the Buck Stops?”
RAPAPORT... PRESS RELEASE, Thursday, June 9, 2011, New York: Certified polished diamond prices continued to climb in May supported by improving retail sales in emerging markets and the U.S. Shortages of fine, excellent cut stones remain and a seller’s market prevails. 

The RapNet Diamond Index (RNDI)™ for one caraters increased by 7.5% in May to 101.63. Half caraters increased by 8.3% and 3 ct. increased by 7.7%. The Composite RapNet Index increased by 7.7% to 166.63.

According to the just released Rapaport Research Report “Where the Buck Stops?” diamond prices continued to increase in May despite a slight pull back in demand. Rough premiums in the secondary market for small, lower quality goods were relatively low while premiums on better quality rough remained strong.

The positive mood in the industry continues as most sectors along the pipeline post sales growth from a year ago. Sales have been buoyed by price hikes while volumes appear to be in line with 2010 levels. European austerity measures, U.S. unemployment numbers and political unrest in the Middle East serve as reminders that uncertainties linger through the recovery as consumers grapple with high gasoline prices and rising inflation.

Additional information about the state of the diamond market is available in the just-released Rapaport Research Report - “Where the Buck Stops?”” at www.diamonds.net/report or via email by contacting specialreport@diamonds.net.

About the Rapaport Group: The Rapaport Group is an international network of companies providing added value services that support the development of free, fair and competitive global diamond markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market information. Group activities include publishing, research and marketing services, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, quality- control, compliance, shipping, and financial services. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.diamonds.net.

About RapNet: The RapNet – Rapaport Diamond Trading Network- www.rapnet.com is the world’s largest diamond trading network. With daily listings of over 700,000 diamonds valued over US$ 5 billion and 6000 members in over 74 countries, RapNet is the primary international trading network for GIA and other certified laboratory graded diamonds. RapNet is available in English and Chinese.

About the RapNet Diamond Index (RNDI): The RapNet Diamond Index is based on the best asking price in hundred$/ct.for the top 25 quality round diamonds (D-H, IF-VS2, RapSpec-1) offered for sale on the RapNet – Rapaport Diamond Trading Network. The RNDI is provided for various sizes. The Composite RapNet Index reflects the average price of the half carat, one carat and two carat RNDI.

© 2011 by Martin Rapaport. All rights reserved. RapNet and The RapNet Diamond Indexes (RNDI) are copyrighted and are trademarks of the Rapaport Group.

 



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