Diamond prices have gone up and down through the decades. Recent years have seen increasing turmoil and fluctuation in prices due to the impact of synthetics, the Covid-19 pandemic, a slowdown in China, and societal trends related to engagement and marriage.
Rapaport has been the world’s leading source on diamond pricing for over 40 years, providing the benchmark Rapaport Price List and the RapNet Diamond Index (RAPI™) . It also leads the trade with news and analysis on this topic.
Manufacturers shift inventory to US; prices see small rise.
1-carat RAPI up 0.2% in February.
Systemic flaws and the growing competition from synthetics are combining to bring down polished prices. What can the trade do to ensure its long-term survival?
Ari Jain, chief financial officer for House of Diamonds, talks about polished-market trends and his New York-based firm’s proprietary program.
Yellows fared worst, down 5.6%, while pinks performed the best, recording a 0.8% decrease.
The miner faces competing pressures as the focus shifts to negotiations with Botswana.
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