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RAPAPORT ® TRADEWIRE ®
January 30, 2025
Rapaport Market Comment - January 30, 2025

Market slow, with polished trading sluggish. Round, 0.70 to 1 ct. are weakest sizes. Positive trend in round, 0.30 to 0.69 ct., D-F, IF-VVS2 categories. Prices for fancies more stable than rounds. US trade preparing for Centurion show and AGTA GemFair. China and Hong Kong closed for Lunar New Year. De Beers and Botswana reportedly reach sales agreement. LVMH 2024 watches and jewelry revenue -3% to $11B, profit -28% to $1.6B. Chow Tai Fook Oct.-Dec. sales -14% YOY. Gem Diamonds 2024 sales +10% to $153M amid rise in production of 100 ct.+ stones.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.18% -0.30% -26.44%
0.50 ct -0.06% -0.48% -17.55%
1.00 ct -0.23% -2.26% -25.47%
3.00 ct -0.13% -0.82% -17.71%
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Market Reports
United States: Some sellers cautiously optimistic after decent holiday season, but results were mixed…
United States: Some sellers cautiously optimistic after decent holiday season, but results were mixed…
Belgium: Uncertainty about rough and polished markets…
Belgium: Uncertainty about rough and polished markets…
Israel: Not much trading between Israeli companies…
Israel: Not much trading between Israeli companies…
India: Steady domestic Indian demand for round, 0.30 to 0.50 ct., D-G, VVS-VS diamonds…
India: Steady domestic Indian demand for round, 0.30 to 0.50 ct., D-G, VVS-VS diamonds…
Hong Kong: Markets quiet over Chinese New Year…
Hong Kong: Markets quiet over Chinese New Year…
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De Beers Kept Prices Steady. Now What?
By Joshua Freedman

The miner faces competing pressures as the focus shifts to negotiations with Botswana.

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Mining giant and African nation have finally tied up long-awaited deal’s loose ends.
Botswana and De Beers Reach Landmark Diamond Agreement
Mining giant and African nation have finally tied up long-awaited deal’s loose ends.
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Consumers will shell out $6.5 billion on the category ahead of February 14.
Valentine’s Day Jewelry Spending to Hit New High – NRF
Consumers will shell out $6.5 billion on the category ahead of February 14.
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Full-year figure for category down 3%.
Jewelry Sales Slip at LVMH Even as Overall Revenue Rebounds
Full-year figure for category down 3%.
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Yellows fared worst, down 5.6%, while pinks performed the best, recording a 0.8% decrease.
Fancy-Color Price Index Declines in 2024
Yellows fared worst, down 5.6%, while pinks performed the best, recording a 0.8% decrease.
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Overall revenue down 14% year on year in fiscal third quarter.
High Gold Prices, Outbound Tourism Weigh on Chow Tai Fook Sales
Overall revenue down 14% year on year in fiscal third quarter.
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Sales up 10% to $152.8 million in 2024.
Strong Average Price Lifts Gem Diamonds Full-Year Revenue
Sales up 10% to $152.8 million in 2024.
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Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter.
Ekati Rough Sales Fall as Buyers Shy Away from Lower-Quality Goods
Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter.
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Figure down 19% year on year to $72 per carat.
Weak Rough Prices Dent Mountain Province Sales
Figure down 19% year on year to $72 per carat.
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Diamcor will use $5 million loan to expand work at its Krone-Endora at Venetia project in South Africa.
Dubai Diamond Manufacturer Funds Mining Company
Diamcor will use $5 million loan to expand work at its Krone-Endora at Venetia project in South Africa.
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Partnership with AthleteGEM is an effort to “reignite” desire for natural stones.
Indian Diamond Supplier VD Global Forays into Sports Memorabilia
Partnership with AthleteGEM is an effort to “reignite” desire for natural stones.
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Jeweler worked alongside his siblings and daughter at veteran family-owned business.
Le Vian Chairman Larry LeVian Dies at 74
Jeweler worked alongside his siblings and daughter at veteran family-owned business.
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Sales for first fiscal half slip 1% amid weakness in New Zealand.
Michael Hill Revenue ‘Disappoints’ as Market Challenges Persist
Sales for first fiscal half slip 1% amid weakness in New Zealand.
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