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Diamond Prices Stable in May
Jewelers Navigating Changing Retail Environment
Jun 5, 2017 5:00 AM
By Rapaport
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RAPAPORT PRESS
RELEASE, June 5, 2017, New York… Polished
diamond trading was sluggish in May, with dealers waiting for this week’s Las
Vegas shows to get better deals and assess the pulse of the market. Suppliers
held prices firm for new polished production they hoped to sell in Las Vegas,
but were willing to reduce prices on leftover old stock. Buyers avoided making
large inventory purchases before the show.
The RapNet
Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds declined 0.3% in May and
was down 1.7% since the beginning of the year.
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Tags:
Diamond prices, diamond trading, jewelers, las vegas, Rapaport, Rapaport Monthly Report, Rapaport News, RAPI, RapNet, RapNet Diamond Index, retail, Signet Jewelers, Tiffany & CO.
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