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RAPAPORT ® TRADEWIRE ®
April 11, 2024
Rapaport Market Comment - April 11, 2024

Market quiet. US and India retail seasonally slow. China slump continues. G7 sanctions causing confusion. Weak demand for round, 0.30 to 2.99, J-L, VVS-VS diamonds. Fancies slow. AGTA bans sales of synthetic stones at its shows. UK regulator censures Skydiamond for calling its synthetic diamonds “real.” Rough dealers struggling to make premiums on 3-grainer and larger De Beers goods after buying them at high prices. Stargems to acquire Petra’s Koffiefontein mine. US inflation rises to 3.5% in Mar. Oval brilliant, 55.55 ct., D-flawless diamond sells for $5.8M ($103,986/ct.) at Sotheby’s Hong Kong. Martin Rapaport and Sarine CEO David Block to host source certification webinar on Tue., April 16, at 11 a.m. EDT.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.88% -2.07% -13.92%
0.50 ct -0.02% 0.26% -21.79%
1.00 ct 0.04% -0.67% -18.67%
3.00 ct -0.12% -0.85% -11.22%
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Market Reports
United States: Smaller independent jewelers taking cautious approach to inventory…
United States: Smaller independent jewelers taking cautious approach to inventory…
Belgium: Steady demand for 1 to 2 ct. diamonds. 0.30 and 0.50 ct. moving; 0.70 ct. weaker…
Belgium: Steady demand for 1 to 2 ct. diamonds. 0.30 and 0.50 ct. moving; 0.70 ct. weaker…
Israel: Few dealers traveling overseas for business…
Israel: Few dealers traveling overseas for business…
India: Fancies slow; only stones with excellent proportions moving…
India: Fancies slow; only stones with excellent proportions moving…
Hong Kong: Jewelry manufacturers operating below capacity and focusing on low-cost goods…
Hong Kong: Jewelry manufacturers operating below capacity and focusing on low-cost goods…
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Podcast: Diamonds Down Under

Craig Miller of JC Jewels gives the lowdown on Australia’s jewelry market.

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Taking the Hammer to Synthetic Diamonds
By Leah Meirovich

Is there a place for lab-grown stones at auction? Four experts weigh in.

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Webinar: Solving Sanctions – Source Certification

A look at how the diamond trade can implement US sanctions on Russian diamonds effectively and efficiently without unnecessary harm to the US diamond industry.

Register Here
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Podcast: Inside Bulgari’s Glorious History

Heritage curator director Gislain Aucremanne takes us on a tour of the legendary Roman house’s innovations and style.

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Decision follows “disruptive” impact of synthetic diamonds on market, organization says.
AGTA Bans Lab-Grown Gemstones from Shows
Decision follows “disruptive” impact of synthetic diamonds on market, organization says.
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UK’s Advertising Standards Authority rules Skydiamond needs to change terminology.
NDC Complaint Sees Lab-Grown Company Banned from Using ‘Misleading’ Ads
UK’s Advertising Standards Authority rules Skydiamond needs to change terminology.
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Unmounted stone was top seller, raking in $5.8 million.
55.55ct. Diamond Steals Spotlight at Sotheby’s Hong Kong
Unmounted stone was top seller, raking in $5.8 million.
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Dubai-based diamond sourcing and supply company will take over responsibility for environmental rehabilitation fees.
Stargems Takes Koffiefontein Mine off Petra’s Hands
Dubai-based diamond sourcing and supply company will take over responsibility for environmental rehabilitation fees.
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Members of the editorial team pick their favorite pieces from the internet.
A Bereaved Father Gifts Diamonds to Soldiers, and This Week’s Other News
Members of the editorial team pick their favorite pieces from the internet.
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