For anyone tracking polished diamond markets with more than casual interest, the Rapaport Price Index — RAPI — is the barometer that counts. And in August, the 1-carat round benchmark finally ticked upward for the first time since May 2023. Fifteen months of uninterrupted decline had made that particular data point something of an industry wound. Its reversal, however modest, lands differently than a headline.
The 1-Carat RAPI Moves: Diamond Price Recovery Finally Reaches the Benchmark Stone
After 15 brutal months of contraction, the Rapaport Price Index for 1-carat diamonds posted its first increase in August — a signal that the market's tentative recovery is no longer confined to the fringes. Here's what it means for buyers, dealers, and the broader rough-to-retail pipeline.
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