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RAPAPORT ® TRADEWIRE ®
January 6, 2023
Rapaport Market Comment - January 5, 2023

Happy New Year. Diamond markets quiet and sentiment cautious due to seasonal lull and general uncertainty. Polished prices continue to decline. 1 ct. RAPI -1.5% in Dec. and -10.7% in 2022, but 0.30 ct. RAPI +1.2% in Dec. after sharp decline in supply during the year. Midstream ended 2022 with high inventory. Manufacturers maintaining low polished production, cutting prices to offload less-popular goods and to raise liquidity. Sightholders hoping De Beers will reduce rough prices at Jan. 16 sight to stimulate demand and ease manufacturing profit concerns. Muted expectations for Jan. 22 Chinese New Year. Israel Dec. polished exports -39% to $161M, rough imports -33% to $142M.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.32% 1.19% -7.64%
0.50 ct -0.26% -0.45% -11.12%
1.00 ct -0.46% -1.48% -11.18%
3.00 ct -0.28% -1.52% -3.29%
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Market Reports
<p><strong>United States: </strong>Older inventory purchased at higher prices is proving difficult to move…</p>
United States: Older inventory purchased at higher prices is proving difficult to move…
<p><strong>Belgium: </strong>Antwerp market quiet with dealers on New Year break…</p>
Belgium: Antwerp market quiet with dealers on New Year break…
<p><strong>Israel: </strong>Overall sentiment weak; many expect difficult few months ahead…</p>
Israel: Overall sentiment weak; many expect difficult few months ahead…
<p><strong>India: </strong>Stable orders for 0.30 to 0.99 ct., D-H, IF-VVS2, 3X diamonds…</p>
India: Stable orders for 0.30 to 0.99 ct., D-H, IF-VVS2, 3X diamonds…
<p><strong>Hong Kong: </strong>China focused on low-budget items containing smaller, cheaper stones…</p>
Hong Kong: China focused on low-budget items containing smaller, cheaper stones…
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