Q2 Could be Slow for Diamond Market

Rapaport reported that while diamond markets were positive in March, it expects a slowdown in the second quarter of this year.

As quoted in the market news:

The market is expected to slow in the second quarter as wholesale and retail jewelers have replenished their inventories and may restrain their buying at current higher polished price points. Liquidity has tightened as rough prices rose toward the end of March and banks are increasingly conservative in lending to the industry. While sentiment remains positive, diamond market growth is projected to stabilize in the coming months, after a relatively strong first quarter.

Click here to read the full Rapaport report.