Top Stories
De Beers Slashes Production Outlook
First-half sales and profit drop amid weak diamond market.
A Jewelry Safe Haven: US Market Shows Stability
Sales have stabilized after years of volatility, despite ongoing challenges, creating new opportunities for growth.
Most Popular
In this LinkedIn Live, GIA’s Tom Moses and Dr. Wuyi Wang discuss treatments, nomenclature and all things synthetic.
Industry
July 22, 2024
226 companies closed in the second quarter, compared to 172 a year ago.
Industry
July 18, 2024
Move will help miner better manage working capital and preserve cash in weak market, it said.
Mining
July 18, 2024
Mehul Vaghani says the company is the world’s largest CVD producer.
Synthetics
July 18, 2024
Customers will be able to refuse certain rough diamonds or sell them back.
Rough
July 16, 2024
Rapaport Magazine Cover Stories
Bling for Men Is No Small Trend
With sales growth outpacing the women’s segment, fine jewelry for the gents is hotter than ever.
Jewelry
May 22, 2024
Colored-Gem Engagement Rings Put the ‘Pop’ in Popping the Question
Couples are choosing brightly hued stones as a creative way to express their love.
Colored Gemstones
May 22, 2024
The Edgy Allure of Mixed Metals
As gold prices rise, jewelers are finding striking new ways to combine it with silver, platinum and other options.
Jewelry
May 22, 2024
Rapaport
Market Data
Diamonds
Metals
Currencies
Equities
WhatsApp
Email
Facebook
Twitter
LinkedIn
Market Comment - Jul. 25, 2024
Round prices declining; fancies down less sharply.
Manufacturers switching to cheaper, smaller goods.
De Beers lowers 2024 production plan to 23M-26M cts. from 31.9M cts. in 2023; demand slow and rough prices stable at July sight.
India removes 2% equalization levy on rough, with “safe harbor” rule simplifying tax for overseas miners.
US retailers buying selectively and focusing on memo. Sluggish inventory replacement by brands and large jewelers.
LVMH 1H watch and jewelry sales -5% YOY to $5.6B.
Swatch Group 1H watch and jewelry sales -14% YOY to $3.7B.
Birks FY sales +14% to $135M.
Luk Fook fiscal 1Q diamond jewelry same-store sales -52% YOY.
AWDC names Karen Rentmeesters permanent CEO.