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RAPAPORT ® TRADEWIRE ®
January 23, 2025
Rapaport Market Comment - January 23, 2025

US seasonally slow. Steady demand for round, 0.30 to 0.69 ct., D-F, IF-VVS2. De Beers maintains prices at Jan. sight, allows 20% buybacks. Petra Jul.-Dec. rough prices -10% YOY. Worker at Namibia’s Namdia trading company killed in armed robbery. India allows duty-free import of some polished under 0.25 ct. Steady trading at Vicenzaoro show. Bain reports strong 2024 for high jewelry. Belgium 2024 polished exports -16% to $8B, rough imports -37% to $4.2B. Chow Tai Fook Oct.-Dec. retail sales -14% YOY; Luk Fook -6%. RapNet to launch Gemstone Trading Network. Martin Rapaport webinar Jan. 29 at 10 a.m. EST. Register here. Wishing everyone a happy Chinese New Year.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.16% -0.07% -26.71%
0.50 ct 0.21% -0.09% -17.34%
1.00 ct -0.68% -1.97% -25.31%
3.00 ct -0.01% -0.55% -17.52%
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MARTIN RAPAPORT WEBINAR

Martin Rapaport Webinar – “2025, The Way Forward”

Get Ready For Some Good News.
Wednesday, January 29, 2025, 10 a.m. EST (20:30 India).

Access to the webinar is for members only or for a fee of $50.

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Market Reports
United States: Market seasonally slow after holidays…
United States: Market seasonally slow after holidays…
Belgium: Sluggish orders and low profitability…
Belgium: Sluggish orders and low profitability…
Israel: Business quiet amid slow overseas sales…
Israel: Business quiet amid slow overseas sales…
India: Manufacturing remains at around 50% of capacity, with some shortages of fresh goods…
India: Manufacturing remains at around 50% of capacity, with some shortages of fresh goods…
Hong Kong: Consumer demand focused on low-budget items…
Hong Kong: Consumer demand focused on low-budget items…
View Full Report
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Signet, Synthetics, and a Complex Holiday Season
By Joshua Freedman

Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand.

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Video Podcast: De Beers and the Future of Diamonds

Eyal Axelrod of consultancy Lexa International analyzes the supply chain.

Listen Here
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Retailers Restock at Vicenzaoro January Amid Strong Gold Prices
By David Brough

Italian show sees robust attendance from leading companies, including Macy’s and Ben Bridge. 

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Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
US Holiday Spending Beats Forecast to Yield Record Result
Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
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Two suspects are still on the run, while one is in custody and another is dead.
Armed Robbers Kill Security Officer, Steal Diamonds at Namdia
Two suspects are still on the run, while one is in custody and another is dead.
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Group wanted to extort $2 million in cryptocurrency from business owner.
FBI Arrests Four Connected to Kidnapping, Robbery Plot Against Florida Jeweler
Group wanted to extort $2 million in cryptocurrency from business owner.
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Third-quarter revenue down 6% year on year, an improvement from first half.
Luk Fook Sales Decline Slows Amid Move to Minimize Diamond Offerings
Third-quarter revenue down 6% year on year, an improvement from first half.
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Miner now expects rough from Finsch deposit to generate between $70 and $80 per carat, rather than the $80 to $90 it forecast in December.
Petra Reduces Price Forecast Again Amid Market Weakness
Miner now expects rough from Finsch deposit to generate between $70 and $80 per carat, rather than the $80 to $90 it forecast in December.
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AWDC asks for help in procuring bank accounts, work visas and other assistance for international players.
Belgian Diamond Sector Seeks Government Support
AWDC asks for help in procuring bank accounts, work visas and other assistance for international players.
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Group raising funds for diamond exchange made the assertion, according to organization.
WFDB Denies It’s Affiliated with Asian Bourse
Group raising funds for diamond exchange made the assertion, according to organization.
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Market dips as consumers grapple with macroeconomic uncertainty, shelling out less on discretionary items.
Global Luxury Spending Contracts as Jewelry Remains a Bright Spot
Market dips as consumers grapple with macroeconomic uncertainty, shelling out less on discretionary items.
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Limited exemption applies to natural polished under 0.25 carats.
India Eases Import Duty for Small Diamonds
Limited exemption applies to natural polished under 0.25 carats.
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Company had previously sold just under 50% of deposit.
Petra Offloads Williamson Mine Amid ‘Liquidity Challenges’
Company had previously sold just under 50% of deposit.
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Organization aims to transform country into leading diamond hub.
Lesotho Debuts Manufacturing Association
Organization aims to transform country into leading diamond hub.
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Jemora Gemhouse is the brainchild of former Gemfields COO and Fura Gems CEO Dev Shetty.
New Auction House Set to Highlight Colored Gemstones
Jemora Gemhouse is the brainchild of former Gemfields COO and Fura Gems CEO Dev Shetty.
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