{"id":25186,"date":"2024-03-06T17:21:24","date_gmt":"2024-03-06T11:51:24","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=25186"},"modified":"2024-03-06T17:21:24","modified_gmt":"2024-03-06T11:51:24","slug":"rapaport-diamond-prices-see-mixed-trend-in-february","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-see-mixed-trend-in-february\/","title":{"rendered":"Rapaport: Diamond Prices See Mixed Trend in February"},"content":{"rendered":"

Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. Demand for SI qualities improved.<\/p>\n

The US and other Group of Seven (G7) members introduced a ban on \u201cRussian Source\u201d diamonds of 1 carat and larger, even if they were manufactured in a third country. The US is requiring self-certification as an enforcement method but only announced this on 29th<\/sup> February, the day before the rules went into effect.<\/p>\n

The RapNet Diamond Index (RAPI\u2122) rose in the first half of the month before weakening in the second half. RAPI for 1-carat diamonds \u2014 reflecting round, D to H, IF to VS2 goods \u2014 declined 0.7% in February. RAPI for 0.30 carats fell 0.4%, and 3-carat goods dropped 1%. The 0.50-carat RAPI gained 0.5% despite slipping in those last two weeks.<\/p>\n

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\u00a9 Copyright 2024 by Rapaport USA Inc.<\/figcaption><\/figure>\n

Rapaport said lower clarities performed better, with good demand for round, 0.50-, 1- and 2-carat, D to H, SI1 to SI2, RapSpec A3+ diamonds. VVS diamonds were slow. Melee continued to sell well.<\/p>\n

Rough prices were stable at De Beers\u2019 February sight. Sightholders showed solid demand for additional \u201cex-plan\u201d goods following January\u2019s price drop.<\/p>\n

US jewellers had a mixed Valentine\u2019s Day, with a bump in orders for heart shapes, it informed. American dealers were reluctant to buy for inventory, as the retail sector was in a seasonal slowdown after the holidays.<\/p>\n

Rapaport informed that traffic and sales at the Hong Kong shows were sluggish, as Chinese demand has declined. Mainland consumers seeking investments are showing more interest in gold than in diamonds. Domestic Indian demand continued to support the market for higher-quality goods under 1 carat, but the wedding season will end soon. This has increased the US\u2019s importance to the global diamond industry this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. Demand for SI qualities improved. The US and other Group of Seven (G7) members introduced a ban on \u201cRussian Source\u201d diamonds of 1 carat and larger, even if they were manufactured in…<\/p>\n","protected":false},"author":1,"featured_media":25187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-25186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nRapaport: Diamond Prices See Mixed Trend in February - 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\/rapaport-diamond-prices-see-mixed-trend-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Diamond Prices See Mixed Trend in February - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. 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