{"id":27653,"date":"2024-09-04T11:59:56","date_gmt":"2024-09-04T06:29:56","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=27653"},"modified":"2024-09-27T16:47:04","modified_gmt":"2024-09-27T11:17:04","slug":"rapaport-diamond-market-slows-in-august-amidst-oversupply-uncertain-demand","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-market-slows-in-august-amidst-oversupply-uncertain-demand\/","title":{"rendered":"Rapaport: Diamond Market Slows in August Amidst Oversupply, Uncertain Demand"},"content":{"rendered":"

The diamond market experienced a sluggish August, primarily due to seasonal factors and concerns about consumer demand, Rapaport said in a release. Polished diamond prices continued their downward trajectory as retailers and dealers adopted a cautious approach to buying.<\/p>\n

The RapNet Diamond Index (RAPI) for various carat weights saw declines, with the index for 1-carat round, D to H, IF to VS2 diamonds falling by 1.1%. The removal of Chinese diamond listings from RapNet on 21st<\/sup> August due to low prices and additional fees contributed to a technical increase in the index.<\/p>\n

\"\"<\/p>\n

Indian factories extended their vacations during the August public holidays, which will take time to impact inventories. The number of diamonds listed on RapNet grew by 4% between 1st<\/sup> July and 1st<\/sup> September, reaching 1.74 million. De Beers and Petra Diamonds postponed rough sales reflecting the industry\u2019s efforts to reduce supplies.<\/p>\n

Rapaport said that while the IIJS show in India indicated strong domestic demand for gold and jewellery, expectations for the September Jewellery & Gem World show in Hong Kong remain low due to slow Chinese natural diamond demand.<\/p>\n

The G7 restrictions on diamond imports expanded to include 0.50-carat and larger goods as of 1st<\/sup> September. The US followed the European Union\u2019s lead by exempting certain “grandfathered” goods.<\/p>\n","protected":false},"excerpt":{"rendered":"

The diamond market experienced a sluggish August, primarily due to seasonal factors and concerns about consumer demand, Rapaport said in a release. Polished diamond prices continued their downward trajectory as retailers and dealers adopted a cautious approach to buying. The RapNet Diamond Index (RAPI) for various carat weights saw declines, with the index for 1-carat…<\/p>\n","protected":false},"author":1,"featured_media":27654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-27653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nRapaport: Diamond Market Slows in August Amidst Oversupply, Uncertain Demand - Diamond jewellery magazine<\/title>\n<meta name=\"description\" content=\"Solitaire International Magazine: Get the best diamond jewellery magazines in India. 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