Diamond Prices See Stabilizing Trend
1ct. RAPI slid 2.2% in October but rose in final week.
Millennium Watch Fetches Record $2.4M
Timepiece by renowned horologists George Daniels and Roger Smith leads Sotheby’s Geneva auction.
Most Popular
3 Must-Read Rapaport Magazine Articles
The Untarnished Appeal of Gold
Prices may be climbing skyward, but retailers say demand for the metal continues unabated.
Retail
September 20, 2023
The All-In-One Ring for the Modern Bride
Banding together: The trend of purchasing a combination engagement and wedding ring is in full swing.
Jewelry
September 20, 2023
Breathing New Life into Heirloom Pieces
The upsides of upcycling: Repurposing vintage bridal jewels keeps them fresh while preserving their sentimental value.
Jewelry
September 20, 2023
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Market Comment - Nov. 02, 2023
Rapaport calls for help and support for US Diamond Protocol as World Diamond Council (WDC) and De Beers lobbyists push for sanctions plan that will destroy small US jewelers and dealers. Visit rapaport.com/sanctions for facts and support.
Martin Rapaport will fast for three days next week — Tues.-Thurs., Nov. 7-9 — to protest WDC’s support for Kimberley Process that certifies Russian diamonds. Trade is urged to fast for one day, Tuesday, Nov. 7, as WDC and KP meet in Zimbabwe.
Prices of rounds stabilizing; 1 ct. RAPI +0.3% this week but -2.2% for Oct. Fancies still falling.
Surat factories to close for three weeks over Nov. 12 Diwali holiday.
NY DDC to hold Israel trade week Nov. 27-30.