diamonds Archives - News@Media

Diamond Prices Firm Slightly with U.S. Optimism

admin — Tue, 06 Dec 2016 10:25:41 +0000

Diamond trading slowed in November as Indian liquidity dried up and manufacturing shut down for Diwali. U.S. jewelers completed their inventory purchases and focused on selling during the holiday season rather than buying from overseas suppliers. Sentiment improved as the season began. Stock markets rallied to record highs on Thanksgiving weekend and the dollar strengthened […]

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Trump Victory Improves Outlook for Diamonds and Jewelry

admin — Thu, 10 Nov 2016 08:42:39 +0000

Trump’s election victory coupled with Republican control of Congress is expected to set the stage for improved economic conditions that will support increased demand for diamonds and jewelry. Lower taxes, higher domestic employment and the end of Obamacare will increase disposal income and encourage investment in local businesses. This will fuel new domestic economic growth. […]

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Diamond Prices Decline in October

admin — Wed, 02 Nov 2016 06:02:13 +0000

Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. Trading slowed as larger U.S. holiday orders were already filled and dealers shifted to accommodate specific requirements from their retail customers. The RapNet Diamond Index (RAPI™) for one-carat, RapSpec-A3+ polished diamonds fell 2.3% in October. The index […]

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Diamond Prices Stable in September

admin — Thu, 06 Oct 2016 09:53:47 +0000

Diamond markets were steady in September. Sentiment improved as trading at the Hong Kong Jewellery & Gem Fair, a bellwether for the industry, was better than expected even though buyers refrained from large inventory purchases. The polished market was supported by relatively high rough prices as suppliers held polished prices firm, preferring to delay sales […]

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Diamond Prices Mixed in Slow August Trading

admin — Tue, 06 Sep 2016 10:30:59 +0000

One-carat diamond prices remain under pressure with low trading volume during the August vacation period. Polished inventory is increasing with steady manufacturing and sluggish demand as dealers prepare for the fourth-quarter holiday season. Some improvement in under-the-carat goods as Chinese bridal demand stabilizes. The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 0.8% in August. […]

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Rapaport Town Hall Meeting to Debate Synthetic Diamonds

admin — Wed, 25 May 2016 12:57:34 +0000

JCK Las Vegas Jewelry Show – June 6, Monday, 8:00-10:00 am May 25, 2016, Las Vegas – Rapaport is sponsoring a town hall meeting that will provide an open forum for members of the jewelry trade to respectfully debate the pros and cons of synthetic diamonds. The town hall meeting is free and open to […]

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Diamond Prices Soften with Weaker Global Demand

admin — Tue, 03 May 2016 09:20:24 +0000

Polished diamond trading slowed in April due to sluggish demand at the start of a seasonally-quiet period. Sentiment weakened as the positive momentum from the first quarter failed to gain traction. Supplies significantly increased due to high rough sales and polished production in the first quarter. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds […]

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Polished Diamond Prices Stable in March

admin — Tue, 05 Apr 2016 10:35:16 +0000

April 5, 2016, New York … Polished diamond prices were stable in March supported by steady dealer trading even though the outlook for consumer demand remains uncertain. In the first quarter, sentiment improved as polished prices rose and profitability increased on select new production. The RapNet Diamond Index for 1-carat, GIA-graded diamonds was flat in […]

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Rapaport Hong Kong Polished Diamond Auction Sells Over 80,000 Carats for $12M

admin — Wed, 16 Mar 2016 10:38:47 +0000

Rapaport Auctions closed its auction last week at the Hong Kong show achieving $12M for over 80,000 carats. The auction consisted of hundreds of parcels of recycled and finely assorted premium quality diamond parcels in all shapes, qualities and sizes. The diamonds were sourced from retailers, pawnshops and refineries from around the world. “We are […]

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Polished Diamond Prices Firm in February

admin — Tue, 01 Mar 2016 10:46:20 +0000

One-Carat RAPI Rises for Fourth Consecutive Month PRESS RELEASE, March 1, 2016, New York … Polished diamond prices rose in February continuing the uptrend evident since November. Shortages continue to support the market while trading slowed during the month as dealers in China and Hong Kong took vacation during the Chinese New Year period. The […]

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Polished Diamond Prices Rise in January

admin — Tue, 02 Feb 2016 10:46:51 +0000

Shortages Spur Increases in RAPI for 0.30-0.50ct. Diamonds New York – Polished diamond prices rose in January as shortages continue to support the market. U.S. demand is steady after a reasonably good holiday season, while China’s wholesale market slowed as the focus shifted to retail for the Chinese New Year Spring Festival starting on February […]

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Polished Diamond Prices Soften in October

admin — Tue, 03 Nov 2015 11:26:38 +0000

November 3, 2015, New York … Polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year’s levels. Suppliers are holding large polished inventory, while dealers are trying to buy select goods at deep discounts. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded […]

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RapNet Suspends Members Suspected of Falsifying GIA Reports

admin — Thu, 29 Oct 2015 06:10:26 +0000

October 28, 2015, New York … RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded 1,042 GIA grading reports. GIA issued laboratory alerts […]

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Six suspects arrested for allegedly stealing diamonds

admin — Tue, 27 Jan 2015 13:48:25 +0000

Pretoria – Six suspects have been arrested after they allegedly broke into a safe and stole three diamonds at a diamond mine in Prieska, Northern Cape, in the early hours of Monday morning. It has been alleged that the driver of a mining dump truck was on his routine trips to offload loads when robbers […]

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Polished diamond prices down

admin — Wed, 03 Dec 2014 12:13:18 +0000

December 3, 2014, New York … Polished diamond prices fell again in November as suppliers lowered prices in an effort to raise cash flow. Tight liquidity remains the biggest challenge facing diamond dealers and manufacturers. Demand is selective with low trading levels, while the focus of the industry has shifted to consumer demand during the […]

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