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RAPAPORT ® TRADEWIRE ®
December 14, 2023
Rapaport Market Comment - December 14, 2023

Prices of rounds stable; mixed trend in fancies. Market steady, but future uncertain as Indian production resumes. Polished inventories down due to lower production, but oversupply is a concern if manufacturers buy too much rough. US holiday sales supporting B2B demand for round, 1 to 3 ct., F-I, VS-SI, 3X diamonds. Indian sellers asking for higher prices, but clients only willing to buy when purchasing for specific orders. Alrosa 3Q revenue +55% YOY to $874M, Interfax estimates. Rough prices recovering at auctions and tenders, with Petra Dec. prices +19% from Sep.-Oct. Some sightholders expect price drops at De Beers Jan. sight, as miner needs revenue following 2H losses. US Oct. polished imports -21% to $1.5B.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.02% 0.46% -4.23%
0.50 ct 0.33% 0.96% -27.58%
1.00 ct 0.03% 0.16% -21.59%
3.00 ct -0.05% -0.33% -12.06%
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Market Reports
United States: Melee market still strong as retailers make final Christmas orders…
United States: Melee market still strong as retailers make final Christmas orders…
Belgium: Steady orders for 0.30 and 1 ct., 3X diamonds…
Belgium: Steady orders for 0.30 and 1 ct., 3X diamonds…
Israel: Prices have risen, but dealers unsure whether recovery will continue after fourth-quarter shopping season…
Israel: Prices have risen, but dealers unsure whether recovery will continue after fourth-quarter shopping season…
India: Sentiment good; demand has improved, and supply remains limited…
India: Sentiment good; demand has improved, and supply remains limited…
Hong Kong: Mainland China retailers selling items with melee, gold, and synthetic diamonds as weak economy forces budget cuts…
Hong Kong: Mainland China retailers selling items with melee, gold, and synthetic diamonds as weak economy forces budget cuts…
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Podcast: Selling the Botswana Story

Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive’s single-source brand targeting US consumers.

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Podcast: The Passionate, Practical Appraiser

New York-based Jennifer Leitman Bailey has a deep love and enthusiasm for jewelry, but she’s all business when determining fair market value for her clients’ pieces.

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Sponsored Content: AGTA’s Legacy of Ethical Excellence

In this first half of a two-part series, we explore some of the American Gem Trade Association’s key achievements.

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