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RAPAPORT ® TRADEWIRE ®
December 2, 2022
Rapaport Market Comment - December 1, 2022

Diamond trading slow amid weak demand and declining prices. 1 ct. RAPI -3.1% in Nov. Some categories stabilizing; smalls stronger than larger certified goods. Manufacturers reducing production due to high inventory. Rough market cautious ahead of Dec. 6 De Beers sight. Retail optimistic as NRF reports record foot traffic and digital sales over Thanksgiving weekend. Adobe estimates US e-commerce +6% to $11.3B on Cyber Monday. China weak; Hong Kong improving. Christie’s withdraws emerald-cut, 13.15 ct., fancy-vivid-pink, VVS1 stone from next week’s NY auction, sells $46M (86% by lot) in HK, including necklace with 52 round, D, IF diamonds (104.84 total cts.) for $5.9M ($56,493/ct.).

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.14% -0.42% -7.67%
0.50 ct -0.62% -2.33% -9.55%
1.00 ct -0.62% -3.10% -4.53%
3.00 ct -0.20% -2.14% 3.60%
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Market Reports
<p><strong>United States: </strong>Commercial, bread-and-butter bridal range weak…</p>
United States: Commercial, bread-and-butter bridal range weak…
<p><strong>Belgium:</strong> Market quiet amid cautious retail spending and low dealer sentiment across Europe…</p>
Belgium: Market quiet amid cautious retail spending and low dealer sentiment across Europe…
<p><strong>Israel:</strong> Focus on memo supply, with hope for strong sell-through during December…</p>
Israel: Focus on memo supply, with hope for strong sell-through during December…
<p><strong>India: </strong>Polished production down due to excess inventory and high rough prices…</p>
India: Polished production down due to excess inventory and high rough prices…
<p><strong>Hong Kong: </strong>Consumer spending improving as holidays approach and local economy rebounds…</p>
Hong Kong: Consumer spending improving as holidays approach and local economy rebounds…
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In Shaky Market, Small Diamonds Are Winning
By Joshua Freedman

Melee goods — and the rough that produces them — have been performing better than larger sizes due to strong luxury demand and a supply squeeze.

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Designers Put Modern Twists on Classic Diamond Pieces
By Francesca Fearon

Studs, bracelets and rivières are getting a refresh.

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Secondhand Watches Are in Big Demand. Is the Surge Sustainable?
By Carol Besler

Pre-owned timepieces are beating jewelry at auction and outselling hard-to-get newer models.

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Top Stories of the Week
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<p>Company still faces hefty financial challenges after two-and-a-half-year closure.</p>
Firestone Restarts Mining Following Long-Term Shutdown
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Phillips Upbeat on Market After $7M Hong Kong Sale
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