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RAPAPORT ® TRADEWIRE ®
May 9, 2024
Rapaport Market Comment - May 9, 2024

Slow sales impacting prices. IF-VS weakening. 1 ct. RAPI -3.5% in Apr.; prices of round, 1 ct., D-H, SI +1%. Finest-cut fancy shapes strong in larger sizes. Marquises moving well. India manufacturing fewer goods ahead of summer vacation. De Beers reduces prices at May sight: 3-grainer and smaller rough by 4%-6%, caraters by 4%. Sightholders still struggling to profit. EU proposes exempting pre-Jan. 2024 rough and pre-Mar. polished from Russian sanctions. Trade preparing for Las Vegas shows amid uncertain US consumer demand. Richemont acquires Italian jeweler Vhernier.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.45% -3.64% -17.32%
0.50 ct 0.13% -0.38% -20.23%
1.00 ct -0.35% -3.83% -19.88%
3.00 ct -0.54% -2.53% -12.58%
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Market Reports
United States: Dealers preparing inventories for JCK Las Vegas show…
United States: Dealers preparing inventories for JCK Las Vegas show…
Belgium: Select, well-cut diamonds moving and in short supply…
Belgium: Select, well-cut diamonds moving and in short supply…
Israel: High-value fancy shapes with excellent ratios are in demand and maintaining price levels…
Israel: High-value fancy shapes with excellent ratios are in demand and maintaining price levels…
India: Manufacturers reducing production due to weak demand and summer break…
India: Manufacturers reducing production due to weak demand and summer break…
Hong Kong: China jewelry manufacturing rising but mainly for gold products…
Hong Kong: China jewelry manufacturing rising but mainly for gold products…
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GEMTalks Illuminates the Value of Light Performance

IGI’s John Pollard and Ideal-Scope inventor Garry Holloway will discuss how this diamond report can add benefit beyond the 4Cs.

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Podcast: Is the Kimberley Process Broken?

Conflict-diamond expert Hans Merket shares his views.

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Rapaport Breakfast at JCK

Martin Rapaport will present his in-depth analysis of today’s diamond trade at this year’s show, with guest participants Mmetla Masire of Okavango Diamond Company and jeweler Maksud Agadjani.

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1-carat RAPI down 3.5% in April.
Prices of Higher-Clarity Diamonds Continue to Fall
1-carat RAPI down 3.5% in April.
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Reductions aren’t enough to ease profitability concerns, sightholders say.
De Beers Cuts Prices of Smaller Rough Diamonds
Reductions aren’t enough to ease profitability concerns, sightholders say.
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101.29-carat Allnatt diamond previously featured at Smithsonian.
$7M Historic Yellow Diamond to Headline Sotheby’s Sale
101.29-carat Allnatt diamond previously featured at Smithsonian.
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Sales from synthetic collection grew 87% and created a “halo effect” for jeweler’s other pieces.
Pandora Gets Revenue Boost from Lab-Grown Expansion
Sales from synthetic collection grew 87% and created a “halo effect” for jeweler’s other pieces.
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Unmounted pear-shaped stone from South Africa will lead Geneva Magnificent Jewels sale.
202ct. Yellow Diamond to Take Spotlight at Christie’s
Unmounted pear-shaped stone from South Africa will lead Geneva Magnificent Jewels sale.
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Parties have had a partnership for over 10 years, with jewelry already available in 16 of group’s US showrooms.
Watches of Switzerland Snaps Up Roberto Coin for $130M
Parties have had a partnership for over 10 years, with jewelry already available in 16 of group’s US showrooms.
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Decrease was result of strong comparison with previous year, when tourism resumed following border reopening.
Hong Kong Luxury Sales Slide in March
Decrease was result of strong comparison with previous year, when tourism resumed following border reopening.
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Revenue up 21% year on year in fourth fiscal quarter.
New Women-Focused Marketing Campaigns Buoy Titan
Revenue up 21% year on year in fourth fiscal quarter.
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New acquisition Vhernier also operates a heritage silverware home decor brand.
Richemont Adds Italian Jeweler to Its Luxury Stable
New acquisition Vhernier also operates a heritage silverware home decor brand.
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Net income for first quarter down 76% year on year.
Mountain Province Profit Falls Amid Soft Rough-Pricing Market
Net income for first quarter down 76% year on year.
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Members of the editorial team pick their favorite pieces from the internet.
Taking Luxury Shopping to the Next Level, and This Week’s Other News
Members of the editorial team pick their favorite pieces from the internet.
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