Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
-4.37%
Silver
-8.38%
Platinum
-8.42%
Palladium
-11.83%
Currency
Monthly Change
Euro
-1.42%
Pound
0.26%
Yuan
-0.44%
Rupee
-0.31%
Index
Monthly Change
S&P 500
2.33%
India NIFTY 50
3.81%
Hang Seng
-8.41%
Size
Monthly Change
0.30 ct.
-4.72%
0.50 ct.
-2.26%
1.00 ct.
-4.12%
3.00 ct.
-2.62%
Rapaport

Market Comment - Jun. 13, 2024

Market slow. Polished prices weak, with biggest declines in round, 0.30-0.40 ct., D-H, IF-VS1 goods.

US, Israel and Belgium quiet during Shavuot holiday.

De Beers sight prices steady, with some refusals. Secondary rough market sluggish.

Fed holds interest rates steady and signals one rate cut this year after inflation cooled in May.

Signet fiscal 1Q sales -9% YOY to $1.5B, profit -47% to $52M.

Sotheby’s NY Magnificent Jewels grosses $30M (90% sold by lot), with Van Cleef & Arpels diamond necklace going for $3.6M.

Christie’s NY Magnificent Jewels grosses $44M (90% sold by lot), including ring with round, 10.20 ct., fancy-intense-pink, IF diamond for $13.3M.

Country comments will resume next week.

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