Retailers are hesitant to replenish inventory due to sluggish consumer demand after the holiday season.
India’s two-month voluntary freeze on rough diamond imports has tightened supply, supporting polished diamond prices.
Uncertainty remains about how these supply-demand dynamics will evolve in 2024, including the impact on lab-grown diamonds.
Polished dealers are reporting slow demand after the holidays, with retailers reluctant to buy for inventory. However, supply shortages are supporting prices following India’s two-month voluntary freeze on rough imports. How will these realities play out in 2024, and what’s next for lab-grown diamonds? Rapaport Senior Analyst Joshua Freedman reports.
US Diamond Market Shows Mixed Messages
Polished dealers are reporting slow demand after the holidays, with retailers reluctant to buy for inventory. However, supply shortages are supporting prices following India’s two-month voluntary freeze on rough imports. How will these realities play out in 2024, and what’s next for lab-grown diamonds? Rapaport Senior Analyst Joshua Freedman reports.
US Diamond Market Shows Mixed Messages
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