Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
2.07%
Silver
-4.18%
Platinum
-3.35%
Palladium
-7.15%
Currency
Monthly Change
Euro
1.15%
Pound
1.85%
Yuan
0.39%
Rupee
-0.40%
Index
Monthly Change
S&P 500
-0.62%
India NIFTY 50
1.40%
Hang Seng
-2.35%
Size
Monthly Change
0.30 ct.
-10.29%
0.50 ct.
-9.18%
1.00 ct.
-7.73%
3.00 ct.
-5.51%
Rapaport

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.

Search

Date
Clear all search filters