prices for certified diamonds remained stable, as the situation in the US market and the increase of consumer confidence in the Far Eastern markets ensured the growth of demand for stones of VS-SI categories, Triple EX cut, Rapaport reported.
In February, the price index for diamonds RapNet Diamond Index (RAPI ™) for stones weighing 1 carat increased slightly - by 0.2%, while the price index for diamonds weighing 0.3 carats increased by 2.7%; diamonds weighing 0.5 carats went up by 0.7%, while the RAPI index for stones of 3 carats decreased by 0.2%. In general, following the results of the first two months of 2013, prices for diamonds showed stability.
The growth of RAPI index for diamonds weighing 0.3 carats is due to the increase in demand for this product from the Far Eastern region during the Chinese New Year season.
As Rapaport's recently published monthly report, Steady Markets, Rough Anxieties, says, the supply and demand for diamonds and the situation in retail jewelry markets are balanced, but the recent rise in prices for rough diamonds seems unstable .
In February, prices for rough diamonds increased by about 4%, while prices for large stones weighing more than 15 carats jumped by more than 12%. Trade in De Beers' boxes in the secondary market is intensifying, and now they are sold with a 5% premium. Deliveries of rough diamonds remain under control and at a fairly low level, while diamond cutters have sufficient reserves to meet current orders. It is expected that diamond cutting enterprises will keep production capacity at a low level, at least until the beginning of the next financial year in India.