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Diamond Prices Decline in July
One Carat RAPI -1.7%
Aug 2, 2016 4:46 AM
By Rapaport
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RAPAPORT... PRESS
RELEASE, August 2, 2016, New York… Polished diamond prices softened in July
continuing the downtrend in the second quarter. Diamond markets were seasonally
quiet with U.S. wholesalers taking their annual summer vacation. Overall polished
demand remains weak.
The RapNet
Diamond Index (RAPI™) for one carat diamonds fell 1.7 percent in
July. RAPI for 0.30-carat diamonds dropped 1.8 percent and RAPI for 0.50-carat
diamonds declined 0.5 percent. RAPI for 3-carat diamonds fell 1.5 percent.
In the
first seven months of 2016, RAPI for one carat diamonds dropped 1.1 percent, down
4.7 percent from its level a year ago.
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Tags:
Alrosa, De Beers, Diamond prices, Hong Kong, prices, Rapaport, Rapaport Monthly Report, RAPI, RapNet, RapNet Diamond Index, u.s.
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