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RAPAPORT ® TRADEWIRE ®
March 6, 2025
Rapaport Market Comment - March 6, 2025

Hong Kong loose-diamond show exceeds low expectations amid steady overseas traffic and shortages of sought-after items. Few Chinese buyers, as diamond demand has barely improved. Jewelry show reflects mainland appetite for gold, gemstones and pearls. Impact of US tariffs on China and Canada uncertain. Polished prices stable amid lower inventories, with 1 ct. RAPI +0.2% in Feb.; 0.30 ct. RAPI +3.7% amid strong market for D-E, IF-VVS1 goods. Feb. rebound reflects shortages more than demand. US and Indian retail stable. Major Signet shareholder Select Equity Group calls to sell the company. Alrosa 2024 revenue -26% to $2.7B, profit -77% to $215M. US postpones “country of mining” requirement indefinitely.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 1.37% 4.44% -22.68%
0.50 ct 0.28% 0.31% -17.70%
1.00 ct 0.67% 1.01% -24.55%
3.00 ct -0.55% -0.07% -16.69%
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Market Reports
United States: Trade anticipating busier second quarter, which includes Mother’s Day…
United States: Trade anticipating busier second quarter, which includes Mother’s Day…
Belgium: Steady demand for 2 to 3 ct. diamonds and small fancy shapes…
Belgium: Steady demand for 2 to 3 ct. diamonds and small fancy shapes…
Israel: Israeli companies focusing on niches and building focused inventories of sellable items, such as long ovals, even though their customers are not buying large volumes…
Israel: Israeli companies focusing on niches and building focused inventories of sellable items, such as long ovals, even though their customers are not buying large volumes…
India: Domestic Indian jewelry sector supporting trade in small diamonds…
India: Domestic Indian jewelry sector supporting trade in small diamonds…
Hong Kong: Jewelry fair seeing steady demand for gold items, as mainland consumers view them as an investment asset…
Hong Kong: Jewelry fair seeing steady demand for gold items, as mainland consumers view them as an investment asset…
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Hong Kong Show Surprisingly Good, Diamond Dealers Say
By Joshua Freedman

Overseas demand partly offsets China’s ongoing weakness — but it’s not enough.

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Podcast: Why It Pays to Be Nice

Steve Feldman shares wisdom from more than 45 years in sales and marketing.

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GEMTalks: Understanding the Chemical and Physical Features of Colored Diamonds

GIA experts will discuss the topic live on LinkedIn on March 11.

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How to Describe Your Jewelry so Consumers Will Buy It

In an upcoming Instagram Live, Sharrie Woodring of GCAL by Sarine will go over the rules of writing marketing materials and share tips for staying transparent.

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1-carat RAPI up 0.2% in February.
Diamond Market Quiet as Prices Remain Stable
1-carat RAPI up 0.2% in February.
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Select Equity Group, which holds nearly 10% of jeweler’s stock, feels company has made mistakes.
Major Signet Shareholder Unhappy with Business, Seeks ‘Immediate’ Sale
Select Equity Group, which holds nearly 10% of jeweler’s stock, feels company has made mistakes.
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Revenue for the period down 26%.
Alrosa’s Profit Plunges 77% for the Full Year
Revenue for the period down 26%.
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Revenue from jewelry, watches, clocks and valuable gifts down 18% year on year for the month.
Hong Kong Luxury Sales Slip in January
Revenue from jewelry, watches, clocks and valuable gifts down 18% year on year for the month.
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District Attorney’s office charged Manashe Sezanayev with grand larceny for defrauding two diamond merchants of $460,000.
NY Diamond Dealer Pleads Guilty to Swapping Synthetics for Natural
District Attorney’s office charged Manashe Sezanayev with grand larceny for defrauding two diamond merchants of $460,000.
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Decrease is result of impairment on Ekati mine’s plant and equipment.
Weak Diamond Market Triggers $94.7M Loss for Burgundy
Decrease is result of impairment on Ekati mine’s plant and equipment.
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Revenue for full year down 31%.
Decreased Diamond Prices Give Way to Loss at Lucapa
Revenue for full year down 31%.
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From Boucheron to Chanel, the star-studded night saw no shortage of gems.
​High Jewelry Wins at the 2025 Academy Awards
From Boucheron to Chanel, the star-studded night saw no shortage of gems.
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Stephen Barnes, who succeeds Jeff Roberts, has been with IJO for more than 25 years.
Independent Jewelers Organization President Becomes Group’s Owner
Stephen Barnes, who succeeds Jeff Roberts, has been with IJO for more than 25 years.
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Project focuses on market trends, member priorities and emerging challenges.
JA Unveils Strategic Plan Aimed at Strengthening Industry Impact
Project focuses on market trends, member priorities and emerging challenges.
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