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Rapaport Research announced certified polished diamond prices fell in July as trading continued to slow amid weak economic sentiment.
Rapaport Research announced certified polished diamond prices fell in July as trading continued to slow amid weak economic sentiment.
As quoted in the press release:
Far East buyers have grown cautious and Indian suppliers are under pressure where liquidity remains tight. Buyers are avoiding large purchases while suppliers are adjusting to lower prices. Rough inventories are rising as polished trading volume declined and sightholders are refusing to buy high-priced De Beers rough diamonds.