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RAPI™ for 1-carat polished diamonds fell 2.4% in April

The RapNet Diamond Index (RAPI™) for 1-carat polished diamonds fell 2.4% in April, according to the Rapaport Group. The index declined to 7,159 on 1st May, versus 7,543 at the beginning of the year. Other sizes were also weak, while the RAPI for 0.30-carat diamonds saw some stability. Prices of smaller goods dropped, reversing their upward trend.

The decrease in diamond prices was due to sluggish demand in the two largest markets for diamond jewellery, the US and China.

Source: Rapaport

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