April a Quiet Month for the Diamond Industry

Rapaport reported that April was a quiet month for the diamond market, with polished diamond suppliers not lowering their prices despite tight liquidity and profitability. That said, prices for the gems did see some improvement towards the end of the month.

As quoted in the market news:

The RapNet Diamond Index (RAPI™) for 1-carat laboratory-graded diamonds rose 0.4 percent in April. RAPI for 0.30-carat diamonds fell 1.9 percent and RAPI for 0.50-carat diamonds declined 1 percent. RAPI for 3-carat diamonds dropped by 1.5 percent during the month.

During the first four months of the year, RAPI for 1-carat diamonds increased 0.4 percent, but remained 13.9 percent down from one year ago on May 1.

Click here to read the full Rapaport report.