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Diamond Prices Slide in June
1 Ct. RAPI -0.7% in 2Q
Jul 5, 2016 3:58 AM
By Rapaport News
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RAPAPORT... PRESS
RELEASE, July 5, 2016, New York … Polished diamond prices fell in June and
sentiment softened after relatively weak Las Vegas and Hong Kong shows. Steady
U.S. demand is supporting the market but overall demand is sluggish. Brexit,
the U.S. election and continued weakness in China’s luxury sector are fueling
uncertainty.
The
RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds fell 0.5 percent
in June. RAPI for 0.30-carat diamonds dropped 1.6 percent, while RAPI for
0.50-carat diamonds slid 0.4 percent. RAPI for 3-carat diamonds declined 2.4
percent.
RAPI for 1-carat diamonds fell 0.7 percent in the second quarter, reversing
some of the gains made in the first three months of the year. The index rose
0.7 percent in the first half of 2016.
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Rapaport News
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