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Polished diamond prices slipped in April

Diamond prices slipped due to sluggish demand in the US and China, the two largest markets for diamond jewelry.

Polished trading was quieter than usual in April,” said Rapaport Senior Analyst Avi Krawitz. “Economic uncertainty stemming from the rise in consumer prices over the past year has impacted discretionary spending and discouraged retailers from buying inventory.”

Rough and polished trading is expected to remain cautious in May, with dealers hoping the upcoming Las Vegas shows will lift sentiment and boost demand for the second half.

Source: Rapaport

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