Diamonds prices down 2.1% in July

Certified polished diamond prices fell in July following downtrend in Indian jewellery market and reduced demand in China, according to the RapNet Diamond Index (RAPI).

Diamond manufacturers are facing tight liquidity as concern about both the elevated levels of industry debt and high rough diamond prices, which result in negative cash flow.

The only bright spot, says the report, has been the US, where demand continues to be steady but selective.

RAPI for 0.30-carat rocksĀ certified polished diamonds dropped 3.7% during the month, 3% for 0.50-carat gems, and 1.3% for 3-carat rocks.