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RAPAPORT ® TRADEWIRE ®
February 13, 2025
Rapaport Market Comment - February 13, 2025

Industry seeking clarity on new US customs rules requiring mine source and on Donald Trump’s Canada tariff plan. Rough market cautious ahead of Feb. 17 De Beers sight, with dealers unsure about lower prices. Polished market mixed: Diamonds with ideal proportions and no black center are in short supply, but other qualities over-inventoried. Good market for -2 melee; +11 weak. Elongated cushions hard to find. India manufactured more synthetic diamonds than natural by carat volume in Jan. Indian domestic jewelry demand softening as gold price breaks $2,900/oz. and wedding season nears end. Botswana predicts 3.3% GDP growth in 2025 and expects diamond market recovery in “latter part” of year.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.53% 1.31% -26.37%
0.50 ct -0.67% -0.44% -19.27%
1.00 ct 0.09% -1.31% -26.09%
3.00 ct -0.42% -0.78% -18.69%
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Market Reports
United States: High end doing better than mid-market segment…
United States: High end doing better than mid-market segment…
Belgium: Good traffic at rough tenders, with focus on next week’s De Beers sight…
Belgium: Good traffic at rough tenders, with focus on next week’s De Beers sight…
Israel: Local market slow…
Israel: Local market slow…
India: Domestic jewelry demand weaker than before…
India: Domestic jewelry demand weaker than before…
Hong Kong: Engagement and wedding jewelry supporting natural segment…
Hong Kong: Engagement and wedding jewelry supporting natural segment…
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Buyers Optimistic Despite Light Traffic at Tucson Gem Shows
By Jennifer Heebner

RapNet and AGTA launch colored-stone trading network.

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The 2024 Diamond Crisis: An Industry at Its Breaking Point
By Shimon Gerstensang

Systemic flaws and the growing competition from synthetics are combining to bring down polished prices. What can the trade do to ensure its long-term survival? 

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Designers Are Elevating Everyday Objects into Luxury Jewels
By Francesca Fearon

Crayons, padlocks, flatware and other commonplace items become upscale adornments in these creative collections.

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Customs and Border Protection (CBP) lists acceptable forms of proof.
Diamond Origin Declaration ‘Should Be Verifiable,’ US Govt. Says
Customs and Border Protection (CBP) lists acceptable forms of proof.
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Miner recovered 549-carat Sethunya in 2020 and 1,080-carat Eva Star in 2023.
Lucara Pulls In $54M from Sale of Two Massive Diamonds
Miner recovered 549-carat Sethunya in 2020 and 1,080-carat Eva Star in 2023.
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Namibia sales-and-marketing company is conducting an internal investigation into the events leading up to the crime.
Namdia Suspends CEO and Other Executives over Diamond Heist
Namibia sales-and-marketing company is conducting an internal investigation into the events leading up to the crime.
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Figure up 2.7% at $2,360 across all product categories.
Average Price of Natural-Diamond Jewelry Rises in 2024
Figure up 2.7% at $2,360 across all product categories.
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Category continued to make progress in 2024, with a particularly strong performance at Boucheron.
Jewelry ‘Healthy’ at Kering Despite Difficult Year
Category continued to make progress in 2024, with a particularly strong performance at Boucheron.
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Indian company noted “healthier” growth in gem-set pieces during third quarter.
Titan’s Diamond-Jewelry Sales Strengthen Amid Rising Gold Prices
Indian company noted “healthier” growth in gem-set pieces during third quarter.
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Company is making cuts in response to losses from prolonged industry downturn.
Mining Union Calls Petra Layoff of over 200 Employees ‘Barbaric’
Company is making cuts in response to losses from prolonged industry downturn.
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Other stars ranked in the top five were Mila Kunis, Adele, Princess Kate and Zendaya.
NDC Survey Finds Meghan Markle Has Most Popular Celebrity Engagement Ring
Other stars ranked in the top five were Mila Kunis, Adele, Princess Kate and Zendaya.
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Not even half of diamond and gemstone pieces on offer sold at first Sotheby’s sale in country.
Saudi Arabian Clients Choose Other Luxury Items over Jewelry
Not even half of diamond and gemstone pieces on offer sold at first Sotheby’s sale in country.
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CiviGem allows professionals in the trade to network, share knowledge and gain support.
London Diamond Bourse Launches Platform to Connect Industry
CiviGem allows professionals in the trade to network, share knowledge and gain support.
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Calgary, Canada-based company will release clues via social media to hidden photos throughout the city, one of which will net its finder a shiny prize.
Jeweler to Gift Diamond to Treasure Hunt Winner
Calgary, Canada-based company will release clues via social media to hidden photos throughout the city, one of which will net its finder a shiny prize.
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