Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
0.23%
Silver
-1.33%
Platinum
-0.84%
Palladium
1.75%
Currency
Monthly Change
Euro
-0.40%
Pound
-0.33%
Yuan
-1.39%
Rupee
0.30%
Index
Monthly Change
S&P 500
3.57%
India NIFTY 50
2.16%
Hang Seng
3.98%
Size
Monthly Change
0.30 ct.
-0.34%
0.50 ct.
0.5%
1.00 ct.
-0.68%
3.00 ct.
-0.42%
Rapaport

Market Comment - Feb. 22, 2024

Seasonal lull in US retail sales, with shortages supporting prices of rounds. Good demand for 1 and 2 ct., F-I, VS2-SI2, RapSpec A3+ goods; VVS weak.

US dealers resisting India’s price increases.

Rapaport US Diamond Protocol gaining support ahead of Mar. 1 implementation of G7 sanctions.

Stable pricing expected at next week’s De Beers sight. De Beers 2023 rough sales -40% to $3.6B, with underlying loss of $314M, average price -25% to $147/ct. De Beers testing lower prices for Lightbox synthetics.

Petra fiscal 1H sales -10% to $188M, loss of $11M.

Lucara 2023 revenue -17% to $177M, loss of $20M; miner signs new HB deal.

Chinese market preparing for Hong Kong show (Feb. 29 to Mar. 4).

GIA opens Dubai lab.

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