Certified polished diamond prices steady in May – Rapaport
June 10, 2014 – Diamond markets were quiet with stable prices in May, Rapaport said in a statement.
The trade focused on the U.S. ahead of the JCK Las Vegas show that took place from May 29 to June 2.
Polished diamond trading at the show was in line with expectations with steady U.S. demand for affordable VS-SI commercial-quality diamonds.
Demand for better-quality large stones was relatively weak.
Far East demand was quiet despite robust jewellery sales during the May Day holiday.
The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 0.4 percent in May, while RAPI for 0.30-carat diamonds was flat, and RAPI for 0.50-carat diamonds rose 0.8 percent.
RAPI for 3-carat diamonds increased 0.4 percent during the month