Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
2.88%
Silver
2.94%
Platinum
6.07%
Palladium
4.94%
Currency
Monthly Change
Euro
0.64%
Pound
2.14%
Yuan
2.11%
Rupee
-0.21%
Index
Monthly Change
S&P 500
4.12%
India NIFTY 50
7.28%
Hang Seng
-6.68%
Size
Monthly Change
0.30 ct.
0.19%
0.50 ct.
0.66%
1.00 ct.
0.14%
3.00 ct.
-0.43%
Rapaport

Market Comment - Dec. 07, 2023

US market doing okay, with good demand for select sizes and qualities. Prices for better-quality round, 0.50 to 1 ct., F-I, VS2 to SI2+ goods stabilizing, with shortages of oversizes. RAPI for 1 ct. +0.8% in Nov., 0.50 ct. +1.2%.

Overall market may be starting to bottom out due to reduced supply, but there is danger of future oversupply as India ends voluntary ban on rough imports on Dec. 15.

G7 announces strengthening of Russian sanctions, which later in 2024 will include “Russian Source” diamonds cut elsewhere.

Signet notes bridal recovery after 3Q sales -12% to $1.4B.

Muted New York Magnificent Jewels auctions see totals of $38.4M at Sotheby’s, $38.1M at Christie’s.

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