According to Rapaport, the significantly higher prices in this week's Rapaport Price List do not reflect any sudden change in diamond prices but rather adjustments made to reflect the level of premiums in the trading markets. The trade is cautioned that current high price levels for top quality diamonds reflect volatile external economic forces and may not be sustainable. There is also significant risk that prices for commercial quality diamonds may decline due to unfavorable conditions in the U.S. and other consumer markets. At their current high levels diamond prices are subject to significantly greater volatility and downside risk exposure.
Useful links:
www.diamonds.net
www.rapaportdiamondreport.com
The problem is there are various interpretations on the new prices on the list + I think the markets are confused worldwide and no one knows what will happen next because traders may hold on to their goods in anticipation of another price increase.
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