Polished March 29, 2023 Pink Diamond Could Break Price Record at Sotheby's New York 10.57-carat stone carries estimate of $35 million.
Market Comment - Mar. 30, 2023
Diamond market quiet amid stalled China recovery and US economic caution.
US consumer confidence +0.8% in March despite banking turmoil and interest rate hikes, Conference Board says.
Botswana government to buy 24% of HB Antwerp and supply HB with rough through Okavango Diamond Company; deal puts spotlight on delayed De Beers-Botswana negotiations.
Chow Sang Sang 2022 revenue -7% to $2.6B, profit -30% to $58M.
Lab-grown dominates discussions at Israel meetings. NDC appeals to trade to help fund marketing.
Yoram Dvash reelected WFDB president, Ronnie VanderLinden as IDMA president.
THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON APRIL 7 AND 14 DUE TO THE JEWISH HOLIDAY OF PASSOVER.