1-carat RAPI™ rises for 4th consecutive month
(NEW YORK) – Rapaport has reported polished diamond prices rose in February continuing the uptrend evident since November. Shortages continue to support the market while trading slowed during the month as dealers in China and Hong Kong took vacation during the Chinese New Year period. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds rose 0.3 percent in February. RAPI for 0.30-carat diamonds advanced 0.4 percent and RAPI for 0.50-carat diamonds grew 0.7 percent. RAPI for 3-carat diamonds fell 1.2 percent. RAPI for 1-carat diamonds increased 1.3 percent during the first two months of the year but remains 7.8 percent below levels recorded one year ago.