Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
3.21%
Silver
0.48%
Platinum
1.20%
Palladium
2.90%
Currency
Monthly Change
Euro
1.73%
Pound
2.22%
Yuan
0.01%
Rupee
0.05%
Index
Monthly Change
S&P 500
2.55%
India NIFTY 50
4.15%
Hang Seng
-1.77%
Size
Monthly Change
0.30 ct.
-10.05%
0.50 ct.
-8.54%
1.00 ct.
-6.35%
3.00 ct.
-4.78%
Rapaport

Market Comment - Jul. 11, 2024

US wholesale seasonally quiet.

Indian market weak amid drop in overseas demand and rising inventories. Rough prices falling on secondary market.

Trade awaiting De Beers and Alrosa decisions on pricing and flexibility.

Kimberley Process reports 2023 global rough production -20% to $12.7B, volume -8% to 111.5M cts., average price -14% to $114/ct. Russia production +1% to $3.6B; overtakes Botswana as top producer by value.

US Jan.-May. 0.50 ct.+ net polished imports -9% YOY to $2.3B.

Titan fiscal 1Q jewelry sales +9% YOY, but high gold prices limited demand.

IGI appoints Tiffany Stevens to head North America business.

AWDC reelects Isidore Mörsel board president.

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