De Beers Cancels August Sight, Combines with October Sale

NewsBrief

August 12, 2024

De Beers has called off its August sight and rescheduled sale dates for later in the year as the diamond industry battles an oversupply, Rapaport News has learned.

Greenland Ruby Goes on the Market Amid Restructuring

Deposit has been on pause since September.

Gempedia, the Ultimate Gemological Glossary

This collection of every industry term a gemologist could ever need is a useful resource for beginners and scholars alike.

How Could an Interest-Rate Cut Impact Diamonds?

Looking ahead to the Federal Reserve’s September meeting.

News Digest

Job Losses and Salary Cuts Hit Surat Diamond Hub; Distress Pushes Workers to Brink

(The Indian Express)

The Mystery of the ‘Vanishing’ Diamond Dealer: Fury in London After Collapse of Vashi

(The Guardian)

Market Comment: August 8, 2024

(Rapaport)

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RapNet Diamond Index (RAPI™)

Diamond Data

Size

Index

Weekly

Monthly

Y2Y

0.30 ct

1,094

-0.08%

-3.88%

-28.26%

0.50 ct

1,763

0.51%

-3.45%

-20.72%

1.00 ct

4,907

-0.28%

-4.47%

-25.92%

3.00 ct

18,871

-0.58%

-2.89%

-18.19%

Rapaport Investment Grade Diamonds