Rapaport reported that during the second quarter of 2014, the RapNet Diamond Index for 1-carat diamonds softened. And, unfortunately for gem lovers, “things will likely get worse before they get better.”
As quoted in the market news:
The third quarter tends to bring sharper declines before demand typically improves closer to the holiday season, when prices subsequently firm up. There is a cyclical nature to the diamond trading calendar that partly explains the current slowdown, and the almost positive mood that lingers is a reflection of the true strength of the first quarter that preceded the quiet.