Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
1.40%
Silver
6.64%
Platinum
-0.55%
Palladium
-4.47%
Currency
Monthly Change
Euro
3.16%
Pound
3.35%
Yuan
3.31%
Rupee
-0.15%
Index
Monthly Change
S&P 500
5.06%
India NIFTY 50
3.46%
Hang Seng
0.81%
Size
Monthly Change
0.30 ct.
0.55%
0.50 ct.
1.67%
1.00 ct.
0.75%
3.00 ct.
0.35%
Rapaport

Market Comment - Nov. 23, 2023

Dealers gaining confidence as Thanksgiving kicks off holiday retail season. NRF predicts record 182M shoppers over long weekend.

Polished prices stable. Inventories of rounds down. Steady trade demand for round, 1 to 3 ct., F-I, SI1-SI2 diamonds.

Rapaport issues consumer alert warning that some retailers overcharging for synthetic diamonds.

Indian manufacturers closed for extended Diwali break. India’s import freeze impacting rough producers, with Stornoway entering insolvency and Lucapa reviewing exploration costs at Merlin.

Sarine 3Q revenue -28% to $10M, loss of $1M vs. profit of $2M in 2022.

China weak amid ongoing economic slump.

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