Diamond Trade Cautious Ahead of Holiday Season

RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas...Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war, depreciation of the yuan, and higher gold prices have diminished their spending power. US jewelers are limiting their inventory purchases as the shift to interactive digital shopping and omni-channel reduces their in-store stock requirements. Inventory shortages at the dealer level for popular items are supporting polished prices for select categories. Manufacturers have drastically reduced their production of polished diamonds after starting the year with an oversupply. The number of diamonds on RapNet declined 3.3% in September to 1.45 million. A large volume of lower-quality goods remains available on RapNet, but there is a shortage of G-I, SI-I1, RapSpec A3+, nonfluorescent diamonds.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 0.3% in September. The index has declined 4.6% since the start of the year and dropped 6% in the past 12 months. RapNet Diamond Index (RAPI?,,?)

Recent News Uranium volatility after Russia's US export restrictions November 25, 2024 / www.canadianminingreport.com Gold stocks rebound on metal bounce and equity rise November 25, 2024 / www.canadianminingreport.com Crypto market size continues to catch up with gold November 18, 2024 / www.canadianminingreport.com Crypto stealing some of gold's thunder November 18, 2024 / www.canadianminingreport.com Gold stocks drop on metal price decline November 11, 2024 / www.canadianminingreport.com See all > × Get Listed Get Listed × Login E-Mail Address Password Remember Me Login Forgot Your Password? Register Share to Youtube Share to Facebook Share to Linkedin Share to Twitter Share to Tiktok