Diamond Markets Reflect Uncertain Outlook

RAPAPORT PRESS RELEASE, May 5, 2020, Las Vegas... Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The industry was focused on the Far East as China and Hong Kong started to open, while the outlook for the US remained uncertain. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds was basically flat for the month due to the low volume of trade. The index was down 8.5% since the beginning of the year. RapNet Diamond Index (RAPI?,,?)

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