Healthy Diamond Market 1st Quarter
March diamond markets were positive due to several activities including the Hong Kong show, which demonstrated the strong and steady Chinese demand for quality diamonds. Also, BaselWorld showed strong signs of demand for top-quality diamonds, fancy colored and fine-cut fancy shape diamonds.
Information from Martin Rapaport’s “RapNet Diamond Index” (RAPI™) has shown increases for several categories of diamonds. Overall, the diamond trade has enjoyed its strongest quarter since early 2011. “1-carat diamonds increased 0.8 percent during the month, while RAPI for 0.30-carat diamonds grew 3.8 percent and RAPI for 0.50-carat diamonds rose 2 percent. RAPI for 3-carat diamonds increased 1.4 percent.”
In Rapaport’s Monthly Report (April 2014), the article entitled “A Good Quarter” showed that polished trading was steady throughout the first quarter, primarily by inventory restocking. Christmas and Chinese New Year holiday periods showed signs increased signs of polished diamond demands.
“Used with permission of Rapaport USA, Inc. Copyright © ??Martin Rapaport. All rights reserved.”?