The recent JCK Las Vegas show reflected a split diamond market. Long fancies and large round stones sold strongly amid shortages and steady demand. However, many of the “bread-and-butter” goods that constitute the bulk of the industry’s inventory are still struggling.
The June edition of the Rapaport Research Report delves into trends at the important fair, which took place earlier this month.
Trading at the show primarily demonstrated the supply trends that have taken shape. Miners and polished manufacturers have reduced their output over the past year, leading to shortages of select items. Still, tariffs and the ongoing impact of synthetics have hurt business for those with less salable goods.
This report analyzes five sections of the diamond market, assessing how they performed at the show and why.
As always, the Rapaport Research Report also offers exclusive RapNet data for 0.30-, 0.50, 1- and 3-carat stones, including average prices, discounts, inventory by country, and search volume. In addition, it presents the volume of goods moving onto and off the RapNet platform, and the average time it takes them to do so.
If you are a subscriber to the Rapaport Research Report, click here to download the full report.
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Image: Polished diamonds in a variety of shapes. (Shutterstock)
