Diamond prices hit their lowest since November 2020
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Prices for 1-carat diamonds have fallen to their lowest level since November 2020. This follows from the data of the Rapaport pricing agency, which Vedomosti has reviewed. According to the company at the beginning of July, the RapNet Diamond Index (RAPI) for such diamonds was 6.9, which is 8.4% less than at the beginning of January and 23.9% less than at the beginning of July 2022.
Prices for 3-carat diamonds are at the 2021 level of 23.6. Since the beginning of the year, the index has decreased by 4.9%, since the beginning of July 2022 – by 15.8%. The price index for smaller polished diamonds – 0.5 carats – has fallen to at least the level of 2018 (latest available data). At the beginning of July, it was 2.4 (-10.2% compared to the beginning of the year, -23% compared to the figure at the beginning of July 2022).
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