By  on July 27, 2012

After sky-high increases in diamond prices last year, they’re finally coming back down to earth, according to research group Rapaport.

The group said the price for one-carat diamonds dropped 13.7 percent year-over-year in June. During the first half of 2012, prices for one-carat diamonds fell 3.6 percent, with the steepest declines occurring during the latter part of May and through June.

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