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Watch: Industry Experts Discuss Diamond Traceability, Provenance, and the Impact of Sanctions

Indian Jewelers Brace for a Boom

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Image of rough diamonds during the cutting and polishing process.

Firm Prices at De Beers and Alrosa Likely Here to Stay

Miners press ahead with policy of supply flexibility.

Indian Jewelers Brace for a Boom

While global markets face recession, India is riding the wave of growth, with retailers aggressively expanding their operations

What’s Behind Contradictory Trends in the US Diamond Market?

Steady retail demand doesn’t appear to be driving wholesale activity.

Main image: The Boucheron diamond earrings. (Christie's)

Boucheron Diamond Earrings to Headline Christie’s Jewelry Sale

Lot expected to bring in up to $550,000.

India’s GJEPC Trade Letter for the Diamond Industry

Industry leaders address diamond pricing and demand.

Rapaport Magazine Spotlights Retail

Talking Transparency in Your Diamond Marketing

Three experts share their views on how to sell sustainable origins to consumers.

bracelet with colored crystals in 14-karat yellow gold image

How to Build a Successful Estate Department in Your Store

Experts offer their tips, including combining older pieces with modern designers and playing up styles that have found new life on social media.

Lugano Diamonds Brings US Luxury to the UK

Art, equestrianism and philanthropy are at the heart of this American jeweler’s business, which is now expanding to Europe.

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Market Data

Diamonds Metals Currencies Equities

Metal Type

Monthly Change

Gold

2.86%

Silver

3.25%

Platinum

3.98%

Palladium

11.85%

Currency

Monthly Change

Euro

-0.29%

Pound

0.47%

Yuan

0.77%

Rupee

0.22%

Index

Monthly Change

S&P 500

1.69%

India NIFTY 50

1.59%

Hang Seng

1.19%

Size

Monthly Change

0.30 ct.

-3.71%

0.50 ct.

-2.03%

1.00 ct.

-2.45%

3.00 ct.

-2.29%

The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices.

Rapaport

Market Comment - Sep. 19, 2024

Hong Kong show opens with steady diamond sales to smaller Asian markets and weak Chinese demand. Overseas dealers seeking bargains at fair. Some luxury brands making purchases.

De Beers to maintain flexibility at Sep. 23 sight, leading market to expect stable rough prices. Alrosa tells customers it will keep rough prices steady and avoid flooding the market, encourages trade to avoid devaluing polished.

Lucara recovers 1,094 ct. rough, second huge stone in a month.

US Federal Reserve lowers interest rates 0.5 percentage points following drops in inflation, raising hopes for consumer spending. US general retail sales +2.1% YOY to $711B in Aug.

Jewelers Mutual warns of spike in burglaries.

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