Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
-3.60%
Silver
-8.78%
Platinum
-4.01%
Palladium
-0.88%
Currency
Monthly Change
Euro
-2.57%
Pound
-1.04%
Yuan
-2.21%
Rupee
-1.01%
Index
Monthly Change
S&P 500
1.99%
FTSE
0.20%
India NIFTY 50
1.90%
Hang Seng
-6.33%
Size
Monthly Change
0.30 ct.
0.06%
0.50 ct.
-2.76%
1.00 ct.
-2.06%
3.00 ct.
-1.13%
Rapaport

Market Comment - May. 24, 2023

Diamond market slow, with mixed expectations for Las Vegas shows (May 31 to June 5).

US jewelry retail under spotlight as economic uncertainty is affecting sales and inventory replacement.

Manufacturers struggling to reduce inventories. Sightholders expect De Beers to offer further supply flexibility in 2H due to market caution.

UK bans import of Russian diamonds; G7 pledges to restrict trade in Russia-sourced goods.

Petra Diamonds rough prices -13% amid weak demand at $42M May tender. Sarine 1Q revenue -26% to $11.5M, profit -76% to $800K. Blackstone buys IGI for $570M.

THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON MAY 26 DUE TO THE JEWISH HOLIDAY OF SHAVUOT.

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