Rapaport

Market Data

Diamonds Metals Currencies Equities
Name
Weekly Change
Gold
2.63%
Silver
5.92%
Platinum
5.95%
Palladium
4.56%
Name
Weekly Change
Euro
1.19%
Pound
1.39%
Yuan
1.91%
Rupee
0.61%
Name
Weekly Change
SP 500
1.40%
FTSE
0.95%
India NIFTY 50
1.01%
Hang Seng
5.63%
Name
Yearly Change
0.30
-7.34%
0.50
-8.51%
1.00
-3.15%
3.00
4.54%
Rapaport

Market Comment - Dec. 01, 2022

Diamond trading slow amid weak demand and declining prices. 1 ct. RAPI -3.1% in Nov.

Some categories stabilizing; smalls stronger than larger certified goods. Manufacturers reducing production due to high inventory.

Rough market cautious ahead of Dec. 6 De Beers sight.

Retail optimistic as NRF reports record foot traffic and digital sales over Thanksgiving weekend. Adobe estimates US e-commerce +6% to $11.3B on Cyber Monday. China weak; Hong Kong improving.

Christie’s withdraws emerald-cut, 13.15 ct., fancy-vivid-pink, VVS1 stone from next week’s NY auction, sells $46M (86% by lot) in HK, including necklace with 52 round, D, IF diamonds (104.84 total cts.) for $5.9M ($56,493/ct.).

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