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Diamond Trade Hopeful for Polished Price Rebound

NEW YORK–(BUSINESS WIRE)–Diamond trading this February was slower than in previous years, with buyers pushing for deeper discounts and suppliers expecting firmer prices at the Hong Kong show. Sentiment improved, as dealers anticipate U.S. and Chinese jewelers will start replacing inventory sold during the holiday seasons. The RapNet Diamond Index (RAPI™) for 1-carat polished diamonds declined 0.3% in February and was down 1.2% from the beginning of the year.   RapNet Diamond Index (RAPI™)