Rapaport Press Release: Small-Diamond Recovery Accelerates in June
0.30 ct. RAPI up 4.2%, a bigger gain than in May.
The recovery in prices for small diamonds gained momentum in June, with the 0.30- and 0.50-carat categories seeing sharper increases.
The Rapaport Trade Diamond Index (RAPI™) rose 4.2% for 0.30-carat diamonds, up from a 2.1% gain in May. The 0.50-carat RAPI increased 1.3%, also higher than May’s 0.9% rise. The 1-carat index dipped 0.7%. RAPI for 3 carats rose 0.4%, turning positive after a May decline.
Inventory reductions continued to support the upward price correction in smalls. However, 2 ct. and larger, G-I, VS-SI diamonds in rounds and long fancies remained the strongest categories in US sales. Round, 1- to 1.99-carat, F-J, VS-SI goods saw a mild improvement in demand, and fancies in that range remained solid.
