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RAPAPORT...
The Jewelry Exchange reported a 6.75 percent year on year increase in the number of diamonds sold during April. In the retailer's periodic monthly sales summary, they determined that prices per item sold rose 6.18 percent. Christopher Doddridge, the spokesperson for The Jewelry Exchange, said, ''The industry is experiencing the marketplace equalizing itself. Consumers are resisting this increase as much as possible, but you have rough diamonds increasing significantly enough to affect the retail pricing.'' The Jewelry Exchange is owned by Goldenwest Diamond Corporation who also owns and operates the Jewelry Factory and the Jewelry Source.
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