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Diamond Market Improves over January

Diamond markets improved in January but manufacturers are concerned that higher rough prices are cutting their profit margins. Polished demand improved due to the solid U.S. market, while Far East demand was cautious and slowed down as jewelers completed their Chinese New Year purchases.

In January, the RapNet Diamond Index (RAPI™) for certified 1-carat polished diamonds rose 1.2 percent, while RAPI for smaller certified goods posted stronger gains with rising demand for 0.30-carat to 0.59-carat diamonds. Overall, there was good demand for GIA-certified dossiers.

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