The Conversation (0)
Diamond Market Liquidity Concerns on the Rise
Jun. 03, 2014 02:53PM PST
Gem Investing
In the June 2014 issue of its magazine, Rapaport said that while polished diamond markets were stable in May, concern is increasing about liquidity in the manufacturing sector.
In the June 2014 issue of its magazine, Rapaport said that while polished diamond markets were stable in May, concern is increasing about liquidity in the manufacturing sector.
As quoted in the market news:
Liquidity is also being stretched by the longer time it’s taking to bring new polished goods to the market, largely due to unprecedented delays by the Gemological Institute of America (GIA) in certifying goods. Diamonds in sizes below 1 carat — the most popular categories — that are sent to GIA laboratories in Carlsbad and New York are taking at least three months to certify, with the grading turnaround time at most other GIA locations longer than four months, according to the GIA’s own website.