{"id":660690,"date":"2018-04-11T23:21:05","date_gmt":"2018-04-11T23:21:05","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=660690"},"modified":"2018-04-11T23:21:05","modified_gmt":"2018-04-11T23:21:05","slug":"why-diamond-trading-slowed-down-in-march-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=660690","title":{"rendered":"Why diamond trading slowed down in March"},"content":{"rendered":"

By analyst<\/a><\/span> <\/p>\n

\"\"<\/a><\/div>\n

By Valentina Ruiz Leotaud<\/a><\/span> <\/p>\n

<\/div>\n

A new report issued by Rapaport reveals that diamond prices stabilized in March.<\/p>\n

\u201cThe RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones went up 0.4%, while RAPI for 0.50-carat grew 1.1%. RAPI for 3-carat diamonds declined 0.4% during the month. RAPI for 1-carat stones rose 2.8% during the first quarter,\u201d the document reads.<\/p>\n

The RAPI is the average asking price in hundred $\/ct. of the 10% best-priced diamonds, for each of the top 25 quality round diamonds offered for sale on RapNet \u2013 Rapaport Diamond Trading Network.<\/p>\n

According to the group, prices remained flat and did not go up for several reasons. One of those reasons is the famous case against jewelry tycoon Nirav Modi who is being accused of spearheading a $2 billion fraud against India’s state-owned Punjab National Bank. The situation prompted other banks to raise their collateral requirements. \u201cThe financial year that began April 1 is likely to see a liquidity squeeze. Some large manufacturers with sizable credit lines are facing greater scrutiny,\u201d Rapaport states.<\/p>\n

According to the firm, the other reason behind last month’s price behaviour is the fact that manufacturers feel under pressure after De Beers raised prices an estimated 2% to 3% in the first quarter. \u201cCutters are protecting their profits with steady polished prices, and buyers have adapted to the higher rates that emerged in January and February. Retailers are supporting demand by restocking after good US and Chinese holiday seasons,\u201d the report reads.<\/p>\n

The fact that diamonds are starting to lose status at the Hong Kong show also impacted prices, Rapaport says.<\/p>\n

However, the firm forecasts improved performance in Asia. \u201cThe outlook for China remains positive. Consumers have acclimated to Premier Xi Jinping’s rule and are starting to spend again. A shortage of eligible women is leading men to prove their value and spend more on diamonds.\u201d<\/p>\n

Nevertheless, Rapaport says that it expects polished trading to continue slowing in the coming months, as the second quarter is traditionally a quieter period for the diamond industry.<\/p>\n

The post Why diamond trading slowed down in March appeared first on MINING.com.<\/p>\n

\u2026read more<\/a> <\/p>\n

Source:: Infomine<\/a><\/p>\n

The post Why diamond trading slowed down in March<\/a><\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By analyst By Valentina Ruiz Leotaud A new report issued by Rapaport reveals that diamond prices stabilized in March. \u201cThe RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones went up 0.4%, while RAPI for 0.50-carat grew 1.1%. RAPI for 3-carat diamonds declined 0.4% during the month. RAPI for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/660690"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=660690"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/660690\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=660690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=660690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=660690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}