{"id":7217,"date":"2021-01-05T14:55:09","date_gmt":"2021-01-05T09:25:09","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=7217"},"modified":"2021-04-02T14:57:18","modified_gmt":"2021-04-02T09:27:18","slug":"rapaport-diamond-prices-firm-after-supply-declines","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","title":{"rendered":"Rapaport: Diamond Prices Firm After Supply Declines"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Polished prices firmed as supply declined due to limitations on diamond manufacturing during India\u2019s lockdowns. The RapNet Diamond Index (RAPI\u2122) for 1-carat diamonds rose 2.3% in December and 5.8% for the full year.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>RapNet Diamond Index (RAPI\u2122)<\/strong><\/td><\/tr><tr><td><\/td><td><strong>December<\/strong><\/td><td><strong>4Q 2020<\/strong><\/td><td><strong>FY 2020<\/strong><\/td><\/tr><tr><td>RAPI 0.30 ct.<\/td><td>0.4%<\/td><td>-4.7%<\/td><td>0.2%<\/td><\/tr><tr><td>RAPI 0.50 ct.<\/td><td>0.8%<\/td><td>-2.3%<\/td><td>12.1%<\/td><\/tr><tr><td><strong>RAPI 1 ct.<\/strong><\/td><td><strong>2.3%<\/strong><\/td><td><strong>3.8%<\/strong><\/td><td><strong>5.8%<\/strong><\/td><\/tr><tr><td>RAPI 3 ct.<\/td><td>2.5%<\/td><td>7.0%<\/td><td>3.7%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a9 Copyright 2021, Rapaport USA Inc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The industry began 2021 with a healthier supply-demand balance than it had at any stage in the past five years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The volume of 1-carat diamonds on RapNet in the D-H, IF-VS range \u2014 the categories the RAPI measures \u2014 declined 24% in the second half of 2020. The top 10% of diamonds in that category were selling at an average of 32% below the Rapaport Price List on 1st January, 2021, compared to 37% below on 1st July, 2020. The lower discount suggests that demand is stronger relative to the available supply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manufacturers are raising polished production in anticipation of steady first-quarter orders as jewellers and dealers seek to replace inventory they\u2019ve sold during the holiday period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jewellers with solid e-commerce programmes had a good season. Many off-mall independents also did well, as consumers felt safer visiting stand-alone stores than crowded malls and were driven to support local community businesses following the Covid-19 lockdowns. Independents without an effective online presence struggled.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">US jewellery sales for 11th October to 24th December fell 4.3% year on year, according to Mastercard SpendingPulse. Online jewellery sales grew 45%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is some optimism for the year ahead even as Covid-19 continues to disrupt business activity, Rapaport said. To ensure growth, the trade must intensify its efforts to engage with consumers via storytelling and improved omni-channel platforms while keeping supply in sync with prevailing levels of demand, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package. Polished prices firmed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-7217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rapaport: Diamond Prices Firm After Supply Declines - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" 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-firm-after-supply-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Diamond Prices Firm After Supply Declines - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package. Polished prices firmed&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/\" \/>\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=\"2021-01-05T09:25:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-02T09:27:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GJEPC\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GJEPC\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/\"},\"author\":{\"name\":\"GJEPC\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\"},\"headline\":\"Rapaport: Diamond Prices Firm After Supply Declines\",\"datePublished\":\"2021-01-05T09:25:09+00:00\",\"dateModified\":\"2021-04-02T09:27:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/\"},\"wordCount\":334,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Rapa.jpg\",\"articleSection\":[\"BULLETIN\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/\",\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/\",\"name\":\"Rapaport: Diamond Prices Firm After Supply Declines - 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-firm-after-supply-declines\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Rapa.jpg\",\"datePublished\":\"2021-01-05T09:25:09+00:00\",\"dateModified\":\"2021-04-02T09:27:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#primaryimage\",\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Rapa.jpg\",\"contentUrl\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Rapa.jpg\",\"width\":1100,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/rapaport-diamond-prices-firm-after-supply-declines\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rapaport: Diamond Prices Firm After Supply Declines\"}]},{\"@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\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/#\\\/schema\\\/person\\\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"},\"sameAs\":[\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/\"],\"url\":\"https:\\\/\\\/gjepc.org\\\/solitaire\\\/author\\\/dikshit\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rapaport: Diamond Prices Firm After Supply Declines - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","og_locale":"en_US","og_type":"article","og_title":"Rapaport: Diamond Prices Firm After Supply Declines - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","og_description":"Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package. Polished prices firmed&hellip;","og_url":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","og_site_name":"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine","article_published_time":"2021-01-05T09:25:09+00:00","article_modified_time":"2021-04-02T09:27:18+00:00","og_image":[{"width":1100,"height":600,"url":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg","type":"image\/jpeg"}],"author":"GJEPC","twitter_card":"summary_large_image","twitter_misc":{"Written by":"GJEPC","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#article","isPartOf":{"@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/"},"author":{"name":"GJEPC","@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79"},"headline":"Rapaport: Diamond Prices Firm After Supply Declines","datePublished":"2021-01-05T09:25:09+00:00","dateModified":"2021-04-02T09:27:18+00:00","mainEntityOfPage":{"@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/"},"wordCount":334,"commentCount":0,"image":{"@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#primaryimage"},"thumbnailUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg","articleSection":["BULLETIN"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","url":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","name":"Rapaport: Diamond Prices Firm After Supply Declines - 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-firm-after-supply-declines\/#primaryimage"},"image":{"@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#primaryimage"},"thumbnailUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg","datePublished":"2021-01-05T09:25:09+00:00","dateModified":"2021-04-02T09:27:18+00:00","author":{"@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79"},"breadcrumb":{"@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#primaryimage","url":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg","contentUrl":"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/04\/Rapa.jpg","width":1100,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gjepc.org\/solitaire\/"},{"@type":"ListItem","position":2,"name":"Rapaport: Diamond Prices Firm After Supply Declines"}]},{"@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":{"@type":"EntryPoint","urlTemplate":"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79","name":"GJEPC","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g","caption":"GJEPC"},"sameAs":["https:\/\/gjepc.org\/solitaire\/"],"url":"https:\/\/gjepc.org\/solitaire\/author\/dikshit\/"}]}},"_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/7217","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=7217"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/7217\/revisions"}],"predecessor-version":[{"id":7219,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/7217\/revisions\/7219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/7218"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=7217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=7217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=7217"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=7217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}