Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
8.36%
Silver
14.28%
Platinum
2.79%
Palladium
2.30%
Currency
Monthly Change
Euro
-1.48%
Pound
-2.16%
Yuan
-0.17%
Rupee
0.01%
Index
Monthly Change
S&P 500
-5.63%
India NIFTY 50
0.11%
Hang Seng
-1.04%
Size
Monthly Change
0.30 ct.
%
0.50 ct.
%
1.00 ct.
%
3.00 ct.
%
Rapaport

Market Comment - Apr. 18, 2024

Market quiet during seasonal slowdown ahead of Passover holiday. Steady demand for round, 1 and 2 ct., D-H, SI1-SI2 diamonds.

Russia sanctions creating concerns.

De Beers sells $445M of rough in Apr. (-18% YOY, +3% from Mar.), boosted by sanctions.

Okavango Apr. auction grosses $35M.

Petra fiscal 3Q sales -1.5% YOY to $66M.

India Mar. polished exports -27% YOY to $1.2B, rough imports -16% to $1.4B.

Gold price +10% since Mar. 18 to $2,368/ounce.

LVMH 1Q watch and jewelry sales -5% to $2.6B.

Chow Tai Fook fiscal 4Q retail sales +12% as young Chinese consumers invest in gold.

Watch Martin Rapaport webinar on source certification here.

THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED NEXT WEEK DUE TO PASSOVER.

 

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