RAPAPORT PRESS RELEASE, January 14, 2020, New York… The Rapaport Group has released its Diamond Price Statistics Annual Report for 2019, evaluating the performance of polished-diamond prices. The report provides an in-depth analysis of the past year’s trends and compares the price changes within specific diamond categories.
Diamond prices fell in 2019 as the trade faced macroeconomic uncertainty and industry-specific challenges. Demand from China was cautious amid the US-China trade war and demonstrations in Hong Kong. Manufacturers were under pressure due to excess supply, tight liquidity stemming from reduced bank credit and low profit margins, and sluggish demand.
The Rapaport Diamond Price Statistics Annual Report charts the progression of polished prices for various sizes, both in 2019 and over the past 40 years. In doing so, it provides a complete study of the global diamond market’s history, as well as its current standing.
Also included is a diamond investment analysis detailing how various diamond categories have performed over the past 10 and 20 years in relation to other common investment instruments.
The all-inclusive report is available for purchase online at http://store.rapaport.com/ for $250. It has also been released in the January 2020 issue of Rapaport Magazine.
Rapaport Media Contacts: media@diamonds.net
US: Sherri Hendricks +1-702-893-9400
International: Alex Shine +1-718-878-5138
Mumbai: Prashant Bhojani +91-97694-66855
About the Rapaport Group: The Rapaport Group is an international network of companies providing added-value services that support the development of ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1976, the Group has more than 20,000 clients in over 121 countries. Group activities include Rapaport Information Services, providing the Rapaport benchmark Price List for diamonds, as well as research, analysis and news; RapNet, the world’s largest diamond trading network, with over 15,000 members in 97 countries and daily listings of approximately 1.3 million diamonds valued at over $7.4 billion; Rapaport Laboratory Services, providing GIA and Rapaport gemological services in India, Israel and Belgium; and Rapaport Trading and Auction Services, the world’s largest recycler of diamonds, selling over 500,000 carats of diamonds a year. Additional information is available at www.diamonds.net.
Rapaport Publishes Diamond Price Statistics Review
The Bottom Line
- Polished diamond prices fell in 2019 due to macroeconomic uncertainty, including the US-China trade war and Hong Kong protests.
- Manufacturers faced challenges from excess supply, tight liquidity, reduced bank credit, low profit margins, and weak demand.
- The report offers a 40-year price trend analysis and investment performance of various diamond categories over 10 and 20 years.
Summary by Rapaport AI
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