Demand for D-color, flawless category has been weak for around a year, mainly because of the slowdown in China, the main market for this product. Unlike stones in the VS to SI range, this is not a standard US item. Southern India and central Europe show some demand for it, but these do not compensate for China. The D-flawless is also popular in small southeast Asian countries such as Vietnam and Cambodia, though these markets have slowed recently, dealers said. D-color, flawless category.
While demand for D-flawlesses has been weak for a year, only in the last few months has inventory on RapNet slumped. The sharp drop earlier this month — reflecting India’s shutdown for Diwali, when factories closed for three to four weeks — was more noticeable than for the other categories.
Many manufacturers are slow to respond to changes in demand, especially the smaller companies with weak mechanisms for tracking diamond valuations. In addition, the production cycle can be long, spanning up to three months from making the decision to buy rough to having the final polished available to sell.
Source: RAPAPORT NEWS
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