Diamond Prices Slide in June
Polished diamond prices fell in June and sentiment softened after relatively weak Las Vegas and Hong Kong shows. Steady U.S. demand is supporting the market but overall demand is sluggish. Brexit, the U.S. election and continued weakness in China’s luxury sector are fueling uncertainty. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds fell 0.5 percent in June.