New York–Steady dealer trading helped polished diamond prices to remain stable in March, even as the outlook for global consumer demand remains “uncertain,” the Rapaport Group said in its monthly price report.
The RapNet Diamond Index (RAPI) for 1-carat and half-carat diamonds graded by the Gemological Institute of America was flat for the month, while the RAPI for 0.3-carat and 3-carat stones fell very slightly.
The RAPI slipped 0.6 percent for 0.3-carat diamonds and 0.4 percent for 3-carat stones.
In the first quarter of 2016, 1-carat polished prices are up 1 percent; prices for 0.3-carat stones have risen 6 percent; half-carat prices are up 5 percent; and the RAPI for 3-carat diamonds is down 3 percent.
