US Holiday Cheer Supporting Diamond Prices

RAPAPORT PRESS RELEASE, November 2, 2021, Las Vegas... The diamond trade was busy in October as suppliers filled orders for the holiday season. The US market is fueling optimism, while there is caution about China's prospects. Polished demand is outpacing supply, but inventory levels are rising and buyers are pushing for higher discounts. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.2% in October. The measure was 13.6% above its level one year ago on November 1. RapNet Diamond Index (RAPI?,,?)

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