Rapaport Press Release: Polished Diamond Prices Declined in April
Retrieved on:
Tuesday, May 2, 2023
Hong Kong retail is improving, boosted by a revival in tourism, but a slowdown in trading reflects restraint among Chinese dealers.
Key Points:
- Hong Kong retail is improving, boosted by a revival in tourism, but a slowdown in trading reflects restraint among Chinese dealers.
- Midstream polished inventory continues to rise even as manufacturing levels have dropped.
- Polished production is well below capacity, with restrictions on Russian supply limiting the availability of rough.
- Still, rough prices declined on the secondary market, reflecting weak interest ahead of the De Beers sight beginning May 2.