Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
-0.48%
Silver
-6.25%
Platinum
-11.31%
Palladium
-4.73%
Currency
Monthly Change
Euro
0.83%
Pound
-1.22%
Yuan
-0.04%
Rupee
-0.38%
Index
Monthly Change
S&P 500
5.44%
FTSE
2.24%
India NIFTY 50
-1.38%
Hang Seng
1.26%
Size
Monthly Change
0.30 ct.
1.41%
0.50 ct.
-0.29%
1.00 ct.
-0.74%
3.00 ct.
-0.05%
Rapaport

Market Comment - Feb. 02, 2023

Trading slow for this time of year. US market cautious amid economic uncertainty.

China-Hong Kong improving, with reports of good luxury sales during Lunar New Year. Trade hoping for release of pent-up Chinese demand and tourist shopping after Covid-19 restrictions lifted.

Polished prices continue to decline; 1 ct. RAPI -0.9% in Jan. Small stones steady. Cutters refraining from large rough purchases.

De Beers Jan. revenue -32% to $450M; 2022 sales volume -8% to 33.4M cts., production +7% to 34.6M cts., average price +35% to $197/ct. Letšeng 2022 sales -6% to $189M, average price -4% to $1,755/ct.

LVMH 2022 watch and jewelry revenue +18% to $11.5B, operating profit +20% to $2.2B.

Search

Date