RELEASE, January 3, 2017, New York… Polished diamond prices softened in
December as Indian liquidity dried up due to the government’s demonetization
policy eliminating 500 and 1,000 rupee notes. Trading slowed with dealers
taking vacation during the holiday period.
Diamond Index (RAPI™) for 1-carat, RapSpec A3+ diamonds fell 1.3% in
December. RAPI for 0.30-carat diamonds edged up 0.2%, while RAPI for 0.50-carat
stones fell 2.2%. RAPI for 3-carat diamonds slid 1%.
1-carat diamonds declined 3% in the fourth quarter and 5% for the full year.