Polished diamond prices rise 19% in 2011-Rapaport
January 12, 2012 – Certified polished diamond prices rose in 2011 spurred by strong buying in the first half of the year, the Rapaport Group said.
However, global economic uncertainties and tight liquidity in the cutting centers caused prices to soften in the latter half, a statement said.
While confidence has improved since January 1, following a period of relative price stability and a satisfactory U.S. holiday season, concerns remain whether current price levels are sustainable.
For 2011, the RapNet Diamond Index (RAPI) for 1.00 ct. polished diamonds rose 19 percent to 96.96.
The 0.30 ct. category fell 1 percent to 16.11, and 0.50 ct. increased 20 percent to 34.39.
The RAPI for 2.00 ct. diamonds grew 15 percent to 18.78 and 3.00 ct. rose 18 percent to 35.19.