Diamonds in Demand, Prices Firming

MARKET IN BRIEF:May 6, 2005…April saw a greater-than-expected decline in the Conference Board's Consumer Confidence Index, which dropped more than five points from its March level. In spite of the decline, analysts state that the current level is still indicative of a healthy economy. However, dealers remain cautious, citing slow sales and pays as evidence of a less-than-robust retail climate. In the U.S. diamond market, healthy demand plus shortages of better-made goods is keeping dealers busy trying to fill calls. As a result, prices continue to firm. Rounds remain the strongest seller but are closely followed by princess cuts. Thus, the price differential between round and well-made princess-cut has narrowed dramatically. Prices for pears and emerald cuts are also moving closer to that of rounds. Diamond: ¼-ct. round VS1

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