Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
2.85%
Silver
3.67%
Platinum
-1.55%
Palladium
0.41%
Currency
Monthly Change
Euro
0.88%
Pound
0.94%
Yuan
-1.10%
Rupee
0.27%
Index
Monthly Change
S&P 500
3.54%
India NIFTY 50
2.54%
Hang Seng
6.51%
Size
Monthly Change
0.30 ct.
%
0.50 ct.
%
1.00 ct.
%
3.00 ct.
%
Rapaport

Market Comment - Feb. 29, 2024

Hong Kong shows open to slow traffic. Low expectations for diamond sales amid weak Chinese demand.

Global market cautious.

US retail seasonally quiet.

Strong demand for ex-plan goods at De Beers sight following Jan. price cut; Feb. prices stable.

Alrosa 2023 revenue +9% to $3.5B, profit -15% to $933M.

Sarine 2023 sales -27% to $43M, loss of $2.8M vs. $8.8M profit in 2022.

WFDB and other trade bodies warn that G7 requirement to ship diamonds through single Antwerp node will harm industry.

De Beers backs African producers’ right to certify own goods.

US sanctions of Russian-source diamonds begin March 1. Rapaport holds emergency sanctions webinar and requests trade support for Rapaport US Diamond Protocol.

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