Diamond Market Cautious Amid China Concerns

RAPAPORT PRESS RELEASE, February 4, 2020, Las Vegas... Diamond market sentiment was positive for most of January but weakened as the outbreak of the coronavirus in China resulted in a shutdown of retail stores over the important Chinese New Year period. Prices were supported by shortages, particularly of 0.30- to 0.49-carat, D-F, IF-VVS2 goods, with inventory of fine-cut RapSpec A3+ diamonds declining. Collection-quality diamonds above 3 carats (D-E, IF-VVS2) remained weak. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.4% in January, while the 0.30-carat index rose 4.1%. RapNet Diamond Index (RAPI?,,?)

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