{"id":26308,"date":"2024-06-04T16:53:00","date_gmt":"2024-06-04T11:23:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=26308"},"modified":"2024-06-04T16:53:00","modified_gmt":"2024-06-04T11:23:00","slug":"rapaport-diamond-prices-weak-in-sluggish-market","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/","title":{"rendered":"Rapaport: Diamond Prices Weak in Sluggish Market"},"content":{"rendered":"

The diamond market was slow in May, as US demand was mixed and China remained weak, Rapaport said in a release. Anglo American\u2019s plan to separate from De Beers created extra uncertainty.<\/p>\n

Prices of IF to VS diamonds fell. SI1s were mixed, and SI2s continued to recover. Fancy shapes were sluggish, except for premium makes, Rapaport noted.<\/p>\n

The RapNet Diamond Index (RAPI\u2122) for 1-carat goods \u2014 reflecting round, D to H, IF to VS2 diamonds \u2014 dropped 3.8% in May. Prices for round, 1-carat, D to H, SI diamonds decreased 0.6%.<\/p>\n

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

The Las Vegas fairs saw good traffic and trading in the jewellery sections \u2014 especially at the Luxury and Antique Jewelry & Watch shows \u2014 reflecting the importance of design and branding. Exhibitors in the loose-diamond section of JCK Las Vegas were cautious, as buyers pushed hard on prices. Demand was steady for round, 1- to 2-carat, G to J, SI diamonds. The high-end GemGen\u00e8ve show in Switzerland was slow.<\/p>\n

Rapaport informed that synthetics, high interest rates and inflation continued to impact US consumer demand. Buyers were selective, insisting on stones with no fluorescence and no brown, green or milky (BGM) tints. The elevated cost of inventory financing perpetuated retailers\u2019 preference for memo.<\/p>\n

De Beers reduced prices of 3-grainer (0.75-carat) and smaller rough by 4% to 6% at its May sight, with 4- to 6-grainers (1 to 1.50 carats) down by about 4%. This helped address a mismatch with polished prices, but sightholders still struggled to profit.<\/p>\n

Anglo American announced it would divest or de-merge De Beers, raising concerns that a new owner might not protect the stability of prices and midstream inventory. Worries about G7 sanctions eased somewhat as the US and Belgium cooled on plans for a single inspection point in Antwerp.<\/p>\n

The focus shifted to the holiday season. Marketing will become increasingly important as the industry competes with other luxury categories and continues to differentiate natural from synthetics, Rapaport noted.<\/p>\n","protected":false},"excerpt":{"rendered":"

The diamond market was slow in May, as US demand was mixed and China remained weak, Rapaport said in a release. Anglo American\u2019s plan to separate from De Beers created extra uncertainty. Prices of IF to VS diamonds fell. SI1s were mixed, and SI2s continued to recover. Fancy shapes were sluggish, except for premium makes,…<\/p>\n","protected":false},"author":1,"featured_media":26309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-26308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nRapaport: Diamond Prices Weak in Sluggish Market - 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-weak-in-sluggish-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Diamond Prices Weak in Sluggish Market - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The diamond market was slow in May, as US demand was mixed and China remained weak, Rapaport said in a release. Anglo American\u2019s plan to separate from De Beers created extra uncertainty. Prices of IF to VS diamonds fell. SI1s were mixed, and SI2s continued to recover. Fancy shapes were sluggish, except for premium makes,…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-04T11:23:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/06\/Rapaport-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/06\/Rapaport-2.jpg\",\"width\":1000,\"height\":600,\"caption\":\"jewellery magazine\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/\",\"name\":\"Rapaport: Diamond Prices Weak in Sluggish Market - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/#primaryimage\"},\"datePublished\":\"2024-06-04T11:23:00+00:00\",\"dateModified\":\"2024-06-04T11:23:00+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-weak-in-sluggish-market\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=26308"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26308\/revisions"}],"predecessor-version":[{"id":26311,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/26308\/revisions\/26311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/26309"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=26308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=26308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=26308"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=26308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}