Diamond market: prices continue to rise amid declining stocks

In the second half of March, diamond prices continued to rise, as confirmed by data from the RapNet Diamond Index (RAPI). The largest increase was demonstrated by 0.3 carat stones, which have risen in price by 5.38% since the beginning of the month. Diamonds weighing 0.5 carats also rose in price by 1.85%. 

These categories remain the most in demand in the mass segment, which is explained by the reduction of stocks in supply chains. The 3-carat stones also increased in price amid increased demand.

In February, De Beers kept prices at the same level, despite the shortage of stones starting from 5 carats. Stable prices were also recorded at the ALROSA session. Increased purchases in the jewelry industry are contributing to a decrease in stocks in the cutting sector, which previously held back demand for rough diamonds. This trend is regarded as a positive signal for the market.

In February, prices for 1 carat diamonds increased by 0.2% after a 2.3% decline in January. 0.3 carat diamonds showed the best result, increasing by 3.7% after a 0.4% drop in January.