Diamond Prices Firm After Supply Declines

RAPAPORT PRESS RELEASE, January 5, 2021, Las Vegas... Diamond trading was seasonally slow in December as the industry's focus shifted to retail and as diamantaires took their end-of-year break. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package.Polished prices firmed as supply declined due to limitations on diamond manufacturing during India's lockdowns. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 2.3% in December and 5.8% for the full year. RapNet Diamond Index (RAPI?,,?)

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