Diamond Prices Stable Through Vegas Show Season

Diamond prices were stable in May as businesses focused on the Las Vegas shows that began on May 30.

Business Wire India

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RapNet Diamond Index (RAPI™)
	May	Jan. - May	Y2Y  Jun. 1, 2017 - Jun. 1, 2018
RAPI 0.30 ct.	-0.2%	6.5%	1.1%
RAPI 0.50 ct.	0.2%	5.8%	-6.4%
RAPI 1 ct.	-0.2%	2.5%	-1.2%
RAPI 3 ct.	0.7%	0.5%	0.7%

© Copyright 2018, Rapaport USA Inc.

The Las Vegas shows highlighted significant challenges facing the diamond industry amid De Beers’ mainstream embrace of synthetics, and the use of blockchain technology to verify sourcing.

Dealer inventory levels have consequently gone up, and the number of unique diamonds listed on RapNet has risen 10% since the beginning of the year to 1.3 million stones valued at $7.7 billion on June 1. Retailers are expected to start placing orders again in the third quarter as they prepare for the holiday season, and suppliers must offer a strong follow-up to the Las Vegas shows to take advantage of the prevailing positive sentiment.

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