Rapaport press release: Diamond prices firm up on optimistic outlook


LAS VEGAS – (COMMERCIAL THREAD) – Robust retail sales generate positive sentiment in the diamond market. Polished prices continue their upward momentum even as inventory levels gradually increase in some sizes.

Sustained demand, shortages in certain categories and high crude costs are supporting prices. The RapNet Diamond Index (RAPIâ„¢) for 1-carat diamonds climbed 2.7% in June.

RapNet Diamond Index (RAPIâ„¢)
June 1 hour
Jan 1 to Jul 1
Jul 1, 2020, to Jul 1, 2021
RAPI 0.30 ct.




RAPI 0.50 ct.




RAPI 1 ct.




LPR 3 ct.




© Copyright 2021, Rapaport USA Inc.

The LPR for the 0.30 and 0.50 carat stones increased at a slower rate as inventories increased in the second quarter. Sales were lower in the D to H, IF to VS range amid a shift in demand to IS. The lower the clarity, the better the market.

The inventory of 1 carat diamonds remains relatively low. Delays persist at the Gemological Institute of America (GIA), which has record submissions worldwide and a delay of more than a month in its Indian laboratories.

Suppliers of polished products maintain constant discounts due to high crude costs. De Beers and Alrosa increased prices by around 5% on average in June for goods above 1 carat. Crude sales remain strong. De Beers nearly tripled its revenue in the first half of 2021 to $ 2.52 billion.

Resellers of polished products are cautious about buying at current valuations and struggle to find the right products at competitive prices. There are concerns that the industry may not be able to maintain its recent upward price trend throughout the summer.

However, the market is bullish for the holiday season due to the recovery of retailing in the United States and China. Rapaport will explore the theme of “Sustainable Growth” in the July issue of Rapaport Magazine and on the Diamonds.net portal this month.

“We expect strong demand for diamonds and jewelry for the remainder of 2021 and possibly into 2022 depending on the level of economic recovery in the United States. Considering the high percentage of US consumer goods from China, the US stimulus is Chinese stimulus. The short-term outlook – the one-year outlook – is very good to excellent, ”said Martin Rapaport, President of the Rapaport Group.


Leave A Reply