
Notes from Las Vegas: In the Beginning, It Was Better Than Expected
Steady traffic, source of origin, sustainability and diamonds do good set tone as shows open.
Staying Agile in Today's Jewelry Market, Selling to Gen Z
Rapaport
Market Data
Diamonds
Metals
Currencies
Equities
Market Comment - Jun. 01, 2023
All eyes on Las Vegas, with hopes the shows will raise sentiment for 2H.
Deep concerns about the market amid sluggish demand and continued polished price slide. 1 ct. RAPI -1.2% in May, with sharper declines in lower qualities.
Trade below previous years as jewelers tighten inventory purchases during economic uncertainty. US 1Q polished imports -21% to $5B.
Responsible sourcing, sustainability and lab-grown the main themes shaping the market.
Christie’s Hong Kong totals $60M, with pear, 4.83 ct., fancy-vivid-blue, IF, type IIb selling for $8.8M ($1.8M/ct.).
Industry mourns passing of legendary diamond cutter Gabi Tolkowsky.
Rapaport Group launches market for certified natural pearls.
Rapaport to host annual Las Vegas breakfast and Social Responsibility Conference on Sunday, June 4. Register at info.rapaport.com/jck23.