Diamond Prices Firm as India Supply Drops

RAPAPORT PRESS RELEASE, May 4, 2021, Las Vegas... Diamond markets were mixed in April. A robust recovery in the US and China drove optimism, but sentiment weakened due to the spike in Covid-19 cases in India. Surat-based manufacturers reduced capacity as infection rates rose. Grading labs experienced a backlog because of operating restrictions.Lower inventory levels supported polished prices. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds increased 2.5% during April and was up 4.2% from January 1. RapNet Diamond Index (RAPI?,,?)

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