Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
4.85%
Silver
10.18%
Platinum
20.97%
Palladium
8.60%
Currency
Monthly Change
Euro
3.28%
Pound
2.20%
Yuan
0.43%
Rupee
0.01%
Index
Monthly Change
S&P 500
1.06%
India NIFTY 50
0.48%
Hang Seng
4.19%
Size
Monthly Change
0.30 ct.
-0.3%
0.50 ct.
-0.9%
1.00 ct.
-0.12%
3.00 ct.
-0.36%
Rapaport

Market Comment - Oct. 05, 2023

India domestic diamond market very strong, but international sales very weak.

De Beers frees sightholders from contracts for rest of year but does not cancel sights. De Beers September sight $200M, -61% YOY; YTD sales $3.4B, -31% YOY.

Rapaport predicts total 2023 De Beers sales of $3.8B, -34% from 2022.

De Beers-Botswana deal moves forward with “heads of terms” document.

Rapaport warns trade not to approve WDC G7 protocol, as this will eliminate small- to medium-sized companies and reduce free-market competition.

Okavango cancels November spot auction due to weak market.

HB reinstates Oded Mansori in apparent attempt to save Botswana deal.

Industry mourns former JCK editor Hedda Schupak.

Country comments will return next week following the Jewish holidays.