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RAPAPORT...
While trading slowed in the U.S. and Israel during the Passover holiday, demand in India remained selective with the best activity in the 0.30ct. to 0.69ct. range. Polished prices during March held steady, according to the RapNet Diamond Index (RAPI), however, prices remain depressed compared with one year ago for 0.50ct., 1ct. and 3ct. diamonds. In other news, ALROSA looks to Angola to boost its exploration prospects and Kristall held its fourth polished tender, which achieved $2 million from 51 lots sold. In the U.S., retailer J.C. Penney is adding lower price point designer jewelry to its offerings with a new ''Bijoux Bar'' display counter that features 16 designers in the store. The Bijoux Bar will preview online April 18 and then appear in 650 JCPenney store locations on April 28. Price points for the jewelry remain under the $400 mark.
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