{"id":24789,"date":"2024-02-07T14:18:43","date_gmt":"2024-02-07T08:48:43","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=24789"},"modified":"2024-02-07T14:18:43","modified_gmt":"2024-02-07T08:48:43","slug":"diamond-prices-rise-but-sales-slow-says-rapaport","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/diamond-prices-rise-but-sales-slow-says-rapaport\/","title":{"rendered":"Diamond Prices Rise, But Sales Slow, Says Rapaport"},"content":{"rendered":"

Diamond sales were sluggish in January amid limited restocking following the holiday season, according to a press release from Rapaport. Prices of rounds continued to increase as select categories were in short supply following India\u2019s two-month freeze on rough imports, which ended 15th<\/sup> December. This trend will likely continue until inventories become too large, it noted.<\/p>\n

However, buyers were reluctant to close deals at these prices. US dealers mostly bought for immediate demand and not for inventory. Sales in mainland China remained slow.<\/p>\n

The RapNet Diamond Index (RAPI\u2122) for 1-carat diamonds \u2014 reflecting D-to-H, IF-to-VS2 goods \u2014 rose 0.8% in January. RAPI for 0.50 carats climbed 2.4%. Most of the increases happened in the first half of the month; prices have been stable since then, Rapaport said.<\/p>\n\n\n\n\n\n\n\n\n
RapNet Diamond Index (RAPI\u2122<\/sup>)<\/strong><\/td>\n<\/tr>\n
<\/td>\nIndex<\/strong><\/td>\nJanuary<\/strong><\/td>\nYear on Year<\/strong><\/p>\n

Feb. 1, 2023, to Feb. 1, 2024<\/strong><\/td>\n<\/tr>\n

RAPI 0.30 ct.<\/td>\n1,419<\/td>\n0.0%<\/td>\n-7.1%<\/td>\n<\/tr>\n
RAPI 0.50 ct.<\/td>\n2,028<\/td>\n2.4%<\/td>\n-23.9%<\/td>\n<\/tr>\n
RAPI 1 ct.<\/td>\n6,027<\/td>\n0.8%<\/td>\n-19.3%<\/td>\n<\/tr>\n
RAPI 3 ct.<\/td>\n22,045<\/td>\n0.1%<\/td>\n-10.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a9 Copyright 2024, Rapaport USA Inc.<\/em><\/p>\n

Lower-quality goods saw a greater correction after last year\u2019s price slump: The price of 1-carat, D-to-L, SI1-to-SI2 diamonds rose 2.1% in January. Prices for fancy shapes were steady or declined.<\/p>\n

Rapaport informed that De Beers reduced rough prices by an average of 13% at its January sight. Sightholders welcomed the changes, but the goods remained expensive relative to polished and compared to rough prices at auctions and tenders.<\/p>\n

The outlook for the US retail market in 2024 was mixed. Retailers expected steady Valentine\u2019s Day sales. However, the Federal Reserve\u2019s decision to keep interest rates at a 23-year high risks denting consumer confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"

Diamond sales were sluggish in January amid limited restocking following the holiday season, according to a press release from Rapaport. Prices of rounds continued to increase as select categories were in short supply following India\u2019s two-month freeze on rough imports, which ended 15th December. This trend will likely continue until inventories become too large, it…<\/p>\n","protected":false},"author":1,"featured_media":24790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-24789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nDiamond Prices Rise, But Sales Slow, Says Rapaport - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/diamond-prices-rise-but-sales-slow-says-rapaport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diamond Prices Rise, But Sales Slow, Says Rapaport - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Diamond sales were sluggish in January amid limited restocking following the holiday season, according to a press release from Rapaport. 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