Pink Diamond Nabs Supreme $11M Price at Christie’s

Cushion brilliant-cut, 15.48-carat stone is top seller at Hong Kong Magnificent Jewels auction.

133ct. Yellow Diamond to Lead Sotheby’s New York

Unmounted stone has a high presale estimate of $5 million.

RAPAPORT WARNING TO THE TRADE

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Time to Tackle the Diamond Industry’s Pre-Pandemic Challenges

Economic headwinds, Chinese caution and the threat of lab-grown are the trade’s current concerns. But the recurring difficulties that existed before Covid-19 have not gone away.

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Okavango Chief on Lab-Grown, De Beers, and the Market Slump

Manufacturers should have bought more carefully, says managing director Mmetla Masire.

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Consumer Alert: Synthetic Diamond Prices Crashing

Rapaport Statement - Nov 21, 2023.

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Retailers Pushing for Smaller Lab-Grown Detectors – De Beers

LinkedIn Live addresses latest trends in diamond screening.

$12M Yellow-Diamond Earrings to Hit Christie’s Auction Block

Pair, containing oval mixed-cut stones weighing 12.20 and 11.96 carats, will lead New York Magnificent Jewels sale.

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Hot Topic: Lab-Grown Diamonds

Consumer Alert: Synthetic Diamond Prices Crashing

Rapaport Statement - Nov 21, 2023.

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Bumpy Ride Ahead Amid Synthetic-Diamond Shake-Up

Martin Rapaport braces for fundamental changes in the industry.

De Beers to Stick with Flat Pricing Rate for Lab-Grown

Miner tested out different cost options during trial of Lightbox engagement rings.

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Podcast: Dispatches from the Lab-Grown Symposium

Amish Shah of Altr Created Diamonds reports from Dubai.

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Is Lab-Grown Still a Dirty Word in the Industry?

Some jewelers are keeping their synthetics sales low-key to avoid pushback from the trade.

Rapaport

Market Data

Diamonds Metals Currencies Equities

Metal Type

Monthly Change

Gold

1.40%

Silver

6.64%

Platinum

-0.55%

Palladium

-4.47%

Currency

Monthly Change

Euro

3.16%

Pound

3.35%

Yuan

3.31%

Rupee

-0.15%

Index

Monthly Change

S&P 500

5.06%

India NIFTY 50

3.46%

Hang Seng

0.81%

Size

Monthly Change

0.30 ct.

0.55%

0.50 ct.

1.67%

1.00 ct.

0.75%

3.00 ct.

0.35%

Rapaport

Market Comment - Nov. 23, 2023

Dealers gaining confidence as Thanksgiving kicks off holiday retail season. NRF predicts record 182M shoppers over long weekend.

Polished prices stable. Inventories of rounds down. Steady trade demand for round, 1 to 3 ct., F-I, SI1-SI2 diamonds.

Rapaport issues consumer alert warning that some retailers overcharging for synthetic diamonds.

Indian manufacturers closed for extended Diwali break. India’s import freeze impacting rough producers, with Stornoway entering insolvency and Lucapa reviewing exploration costs at Merlin.

Sarine 3Q revenue -28% to $10M, loss of $1M vs. profit of $2M in 2022.

China weak amid ongoing economic slump.

Rapaport