RAPI for 0.30-carat diamonds advanced 3.3 percent and also RAPI for 0.50-carat rubies grew 1.1 percent.
Rapaport called on De Beers to lower rough prices by 30-50 percent in order to inject liquidity and restore profitability to the diamond profession (see short article: Rough Bubble Bust). Rugged rates are more than refined costs, which have actually boiled down to reasonable levels because of the recession in the global economic climate. RAPI for 3-carat rubies fell 0.6 percent. holiday orders however old difficulties stay: Production is unlucrative at existing rough rate degrees and t