LAS VEGAS–(BUSINESS WIRE)–Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized, supported by shortages of better-quality goods.
The market in 2019 was supply-driven, as noted in the Diamond Price Statistics Annual Report that appears in this month’s issue of Rapaport Magazine. Read more..
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An oversupply of diamonds set a negative tone, leaving the trade with numerous diamonds that were difficult to sell. Inventory levels declined in the fourth quarter, but there were a lot of lower-quality goods still available at the end of December. Read more..