Diamond Trade Slow Ahead of Holidays

RAPAPORT PRESS RELEASE, November 2, 2022, Las Vegas... Diamond trading was cautious in October as demand softened. Dealers lacked the urgency to buy, anticipating further price drops. The Jewish holidays and India's Diwali festival also slowed business. US jewelers remain optimistic for the upcoming holiday season despite high inflation and economic declines.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 3.6% in October and has fallen 6.5% since the beginning of the year. RapNet Diamond Index (RAPI?,,?)

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