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Diamond sorting at DTC Botswana De Beers 1280 USED 121023

Anglo American to Cut De Beers’ Expenses by $100M

No changes to 2024 production plan despite weak demand.

Sotheby's 133ct yellow main image 1280 USED 061223

133ct. Yellow Diamond Shines at Sotheby’s New York

Auction also sees strong demand for collections from Hollywood legends Mary Tyler Moore, Barbara Sinatra and Tony Randall.

De Beers Reduces Value of Rough Allocations

Drop for 2024 reflects decline in prices, sources say.

Polished diamond in clamp credit Shutterstock 1280

Diamond Prices See Modest Increase

1ct. RAPI +0.8% in November.

De Beers’ David Prager and Ryan Perry to Leave

Miner also announces new organizational structure and executive committee.

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Auctions, Auctions Everywhere: Magazine Highlights

Vintage Shows That Belong on Your Calendar

Fairs of estate: A list of yearly US trade shows where antique and vintage jewelers can discover treasures, trends and inspiration.

Standout Stones Signal Strong Market at Geneva Auctions

Diamonds rock the block: Blues, pinks and yellows studded the top lots at the season’s sales.

Behind the Gavel: Meet Dianne Batista of Rago/Wright Auctions

The senior specialist and director of fine jewelry and watches talks about her evolution from art history student to in-house jewel expert.

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Market Data

Diamonds Metals Currencies Equities

Metal Type

Monthly Change

Gold

1.89%

Silver

-1.85%

Platinum

2.40%

Palladium

-10.83%

Currency

Monthly Change

Euro

-0.80%

Pound

0.97%

Yuan

0.89%

Rupee

-0.24%

Index

Monthly Change

S&P 500

2.09%

India NIFTY 50

6.19%

Hang Seng

-12.67%

Size

Monthly Change

0.30 ct.

0.1%

0.50 ct.

0.73%

1.00 ct.

0.22%

3.00 ct.

-0.06%

Rapaport

Market Comment - Dec. 07, 2023

US market doing okay, with good demand for select sizes and qualities. Prices for better-quality round, 0.50 to 1 ct., F-I, VS2 to SI2+ goods stabilizing, with shortages of oversizes. RAPI for 1 ct. +0.8% in Nov., 0.50 ct. +1.2%.

Overall market may be starting to bottom out due to reduced supply, but there is danger of future oversupply as India ends voluntary ban on rough imports on Dec. 15.

G7 announces strengthening of Russian sanctions, which later in 2024 will include “Russian Source” diamonds cut elsewhere.

Signet notes bridal recovery after 3Q sales -12% to $1.4B.

Muted New York Magnificent Jewels auctions see totals of $38.4M at Sotheby’s, $38.1M at Christie’s.

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