In December, the prices of Polished Diamonds would hike
The prices of the polished diamonds would go up in the month of December. The shortfall in the jewelry market supports the price rise of the polished diamonds as it helps the dealers to satisfy the last minute holiday orders. RAPI™ (RapNet Diamond Index) for per carat diamond shows the year 2015’s rise and dip of the diamonds percentage.
The tolls of the polished diamonds increase in the month of December, as the shortage of the diamonds in the market, boosts its production to accomplish the final minute orders placed during the holiday season. The RapNet Diamond Index (RAPI™) for a GIA-graded diamonds for one carat rose 1.5% in the month of December while RAPI for 0.30CT diamonds grew to 4.7% and for 0.50CT diamonds advanced 3%. Further, the RapNet Diamond Index for three carat diamonds declines 0.1%. The RAPI for 1ct diamonds in complete 2015 shows a decline of 5.8% even as RAPI for 0.30ct diamonds goes down to 13%. At the same time RAPI for 0.50ct diamonds too displays the slump 14.5% whilst for 3ct diamonds fell 14.5ct%. The monthly report of the Rapaport outlines that there is a scarcity of rough diamonds in the marketplace, because suppliers moderately sold off the fine and improved inventory and the manufacturers restricted the production of the polished diamonds due to high prices of rough. Indian manufacturers continue to operate even at the 30% below capacity when they came back from the November’s Diwali break. De Beers and ALROSA, both keeps the prices of rough stable all through the fourth quarter but reported the 15% diminution in the prices in the twelvemonth 2015. Aside from the increased demand, the buying is expected to remain flat.