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%.
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