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Rapaport
The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices.
Market Data
Diamonds
Metals
Currencies
Equities
The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices.
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Market Comment - Sep. 26, 2024
Hong Kong show diamond trading meets low expectations.
India reducing rough inventories, with Aug. net rough imports -47% YOY to $642M, lowest since Nov. 2023. Decline in polished inventories expected.
Miners selling less. De Beers maintains firm prices and allows flexibility at Sep. sight. Okavango cancels Nov. and Dec. sales.
SI2-I1 selling better than VVS. India retail supporting market for smalls ahead of Diwali.
Sally Morrison to head De Beers’ category marketing.
View Martin Rapaport webinar on diamond prices here (members only).
The Rapaport Price List will not be published next week (Oct. 4) due to Rosh Hashanah. Best wishes for a happy and peaceful Jewish New Year.