Wholesale diamond trading has remained slow through the second quarter of 2023, resulting in a continued decline in polished prices.
US economic caution is the main factor affecting market sentiment, but changes in the lab-grown diamond market have also influenced the wider trade, noted Rapaport Senior Analyst Avi Krawitz in the latest installment of the Diamond Trends webinar series.
Krawitz examined the supply-and-demand dynamics that are weighing on diamond prices and assessed the impact of economic uncertainty and the developments in the lab-grown market.
Watch the webinar here:
Main image: A man holding a polished diamond. (Shutterstock)