Rapaport Newsletter Banner
RAPAPORT ® TRADEWIRE ®
March 16, 2023
Rapaport Market Comment - March 16, 2023

Polished trading slower than expected after Hong Kong show, but dealers more upbeat than before. China outlook positive even though buyers lack urgency and are testing price levels. US market stable. Large jewelry chains driving demand for small goods. Signet Jewelers 4Q revenue -5% to $2.7B, profit -12% to $277M. Brilliant Earth 4Q sales -2% to $120M, profit -46% to $6M. Petra Diamonds rough prices +12.5% in 1Q; fancy colors and small stones strong. Gem Diamonds 2022 revenue -6% to $189M, profit -26% to $20M. Burgundy Diamond Mines buys Ekati owner Arctic Canadian for $136M. Martin Rapaport to address New York Diamond Dealers Club on Monday, March 20, 2:30 p.m. EST. Register here.

Watch Video
Rapaport Newsletter Banner
RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.49% 2.28% -9.05%
0.50 ct -0.09% -0.57% -21.17%
1.00 ct -0.68% -0.70% -25.09%
3.00 ct -0.25% -1.38% -17.12%
Rapaport Newsletter Banner
Market Reports
United States: Elongated ovals, cushions and emeralds are hot categories…
United States: Elongated ovals, cushions and emeralds are hot categories…
Belgium: Good orders for rough that yields fancy colors and small stones…
Belgium: Good orders for rough that yields fancy colors and small stones…
Israel: Dealers apprehensive amid slow sales…
Israel: Dealers apprehensive amid slow sales…
India: Rough demand steady despite recent price hikes, as some manufacturers seek to raise polished production…
India: Rough demand steady despite recent price hikes, as some manufacturers seek to raise polished production…
Hong Kong: Chinese buyers still cautious and focusing on cheaper, low-margin items…
Hong Kong: Chinese buyers still cautious and focusing on cheaper, low-margin items…
View Full Report
Rapaport Newsletter Banner
Rapaport Newsletter Banner
The Industry’s Russia Crisis: Formulating Sanctions
By Avi Krawitz

The Russia situation is forcing the diamond trade to take responsible sourcing to the next level. Considering the industry’s long history of dealing with reputational challenges, the ongoing war in Ukraine adds a new dimension.

Read More
Rapaport Newsletter Banner
Why the High End Is Driving the Watch Industry
By Anthony DeMarco

Luxury brands are having a moment, but a new Apple product is providing tough competition for the cheaper segment.

Read More
Rapaport Newsletter Banner
The 3D Printing Revolution
By Jennifer Heebner

Designer Christian Tse is working to perfect this promising production method for precious metals.

Read More
Rapaport Newsletter Banner
Revenue fell 5% year on year in the three months that ended January 28.
Signet Cautious After Slowdown in Holiday Quarter
Revenue fell 5% year on year in the three months that ended January 28.
See More
Belgian lab sues former Istanbul partner amid bitter split.
HRD Antwerp Hits Back at ‘Upgrading’ Allegations
Belgian lab sues former Istanbul partner amid bitter split.
See More
Australia-based business agrees to purchase 100% of Arctic Canadian Diamond Company.
Ekati Mine Sells to Burgundy for $136M
Australia-based business agrees to purchase 100% of Arctic Canadian Diamond Company.
See More
Consumers sought discounts in February amid inflation, according to Mastercard.
Valentine’s Day Drives ‘Spike’ in Jewelry Sales
Consumers sought discounts in February amid inflation, according to Mastercard.
See More
Revenue down 0.4% in February, according to US Census Bureau data.
US Retail Sales Slip in Seasonal Lull
Revenue down 0.4% in February, according to US Census Bureau data.
See More
Fourth-quarter sales declined 2% year on year.
Brilliant Earth Revenue Drops in ‘Promotional Environment’
Fourth-quarter sales declined 2% year on year.
See More
March tender saw 12.5% increase compared with December.
Petra Rough Prices Rise Amid China Recovery
March tender saw 12.5% increase compared with December.
See More
High inflation, increased diesel prices and electricity interruptions resulted in 26% drop.
Economic Challenges Dent Gem Diamonds Full-Year Profit
High inflation, increased diesel prices and electricity interruptions resulted in 26% drop.
See More
The diamond, which Kwiat cut and polished, carries valuation of $400,000.
Investment Platform Luxus Selling Shares in 5ct. D-Flawless
The diamond, which Kwiat cut and polished, carries valuation of $400,000.
See More
Lab collaborating with Singapore-based retailer JannPaul Diamonds.
GCAL Launches 8X Grade for Proprietary Cuts
Lab collaborating with Singapore-based retailer JannPaul Diamonds.
See More
July 10 symposium will be first of its kind, says host DMCC.
Lab-Grown Conference to Take Place in Dubai
July 10 symposium will be first of its kind, says host DMCC.
See More
Executive spent 28 years as president of North America division.
Former IGI Chief Jerry Ehrenwald Dies
Executive spent 28 years as president of North America division.
See More
Esteemed polisher held several patents.
Israel Itzkowitz, Coinventor of Princess Cut, Dies
Esteemed polisher held several patents.
See More
Rapaport Newsletter Banner
CONTACT US
Facebook logo       Twitter logo       LinkedIn logo       RSS logo       Email logo
© Copyright 2024 by Rapaport USA Inc. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are
registered trademarks.

Search

Date