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RAPAPORT ® TRADEWIRE ®
January 2, 2025
Rapaport Market Comment - January 2, 2025

Diamond market seasonally slow, with many US and European dealers still on vacation. Trade waiting for retailers’ holiday results. Mastercard SpendingPulse reports US holiday jewelry spending +4% YOY. Industry hoping for better 2025 after 1 ct. RAPI -23% in 2024. Dec. RAPI mixed, with 0.30 ct. +1%, 0.50 ct. +0.8%, 1 ct. -0.5%, 3 ct. +0.2%. Alrosa predicts rebalancing of supply and demand for rough and polished in coming months. Angola 2024 rough production approximately +20% at 12M cts. Two fatally shot in attempt to invade Gemfields worker village in Mozambique. Please see special notice on Price List for additional market information.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.14% 1.01% -26.21%
0.50 ct -0.04% 0.83% -15.14%
1.00 ct -0.11% -0.56% -23.14%
3.00 ct 0.07% 0.05% -17.11%
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Market Reports
United States: Cautious optimism for consumer spending after Dow Jones Industrial Average rose 13% in 2024…
United States: Cautious optimism for consumer spending after Dow Jones Industrial Average rose 13% in 2024…
Belgium: Market quiet during New Year break…
Belgium: Market quiet during New Year break…
Israel: Israel January-November 2024 polished exports down 46% year on year at $1.83 billion after returns, with rough imports down 11% at $751.9 million…
Israel: Israel January-November 2024 polished exports down 46% year on year at $1.83 billion after returns, with rough imports down 11% at $751.9 million…
India: Wedding season in lull due to traditionally inauspicious period for marriages (<i data-lazy-src= India: Wedding season in lull due to traditionally inauspicious period for marriages (kamurta)…
Hong Kong:Low expectations for Chinese New Year (January 29)…
Hong Kong:Low expectations for Chinese New Year (January 29)…
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2024 in the Diamond Industry, Month by Month
By Joshua Freedman

A look back at the year’s Rapaport Market Comment reports, which present the crux of each week’s trends and news.

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Wait, What? Stories That Surprised Us the Most Last Year
By Leah Meirovich

From a halt in lab-grown to a major sale, these are the articles that made the news team say “wow” in 2024.

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A Year in Bling: The Top Celebrity Engagement Rings of 2024
By Marni Davimes Weinbaum

From bold colored gemstones to massive diamonds, these designs showcased creativity, personal style and a touch of extravagance.

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Revenue for segment up 4% year on year, according to Mastercard SpendingPulse.
Jewelry One of Top Categories During Holiday Season
Revenue for segment up 4% year on year, according to Mastercard SpendingPulse.
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Company relocates workers, halts operations at Montepuez deposit.
Security Forces Kill Two Insurgents at Gemfields Ruby-Mining Village
Company relocates workers, halts operations at Montepuez deposit.
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Shifting spending patterns and increased strength in local currency impacted November revenue.
Hong Kong Luxury Sales Improve Slightly Even as Downturn Persists
Shifting spending patterns and increased strength in local currency impacted November revenue.
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Council also wants help to develop a bourse in Jaipur.
GJEPC Seeks India Govt. Funding for Diamond-Promotion Campaigns
Council also wants help to develop a bourse in Jaipur.
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Government also working on creating diamond exchange and manufacturing center.
Angola Produces Record 12M Cts. of Rough This Year
Government also working on creating diamond exchange and manufacturing center.
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Vladimir Marchenko, who joined in 2017 as vice president, will move to another business in the industry.
Alrosa’s Deputy CEO Exits Company
Vladimir Marchenko, who joined in 2017 as vice president, will move to another business in the industry.
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Were you paying attention to the past year’s jewelry-industry news?
Test Your Knowledge of 2024 with This Diamond Quiz
Were you paying attention to the past year’s jewelry-industry news?
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De Beers and lab-grown among most-mentioned terms in Rapaport’s news titles.
The Good, The Bad and the Synthetic: 2024’s Headline Buzzwords
De Beers and lab-grown among most-mentioned terms in Rapaport’s news titles.
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We asked the popular artificial intelligence tool to list this year’s key developments.
The Diamond Industry in 2024 According to ChatGPT: Shifts, Scandals, and Trends
We asked the popular artificial intelligence tool to list this year’s key developments.
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