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RAPAPORT ® TRADEWIRE ®
November 9, 2023
Rapaport Market Comment - November 9, 2023

Market stabilizing amid drop in rough supply. De Beers Oct. sales -82% YOY to $80M as miner allows 100% refusals. Decline in production easing pressure on inventory and liquidity as Surat factories prepare to shut for one to two months over Diwali holiday (Nov. 12). Prices of rounds rising for first time in a year; fancies weaker. US memo orders improving as holidays approach. Slow trading at GemGenève. Christie’s Geneva achieves $78M (93% by lot), with pear, 17.61 ct., fancy-vivid-blue, IF diamond fetching $44M ($2.5M/ct.). Martin Rapaport fasts for three days to protest World Diamond Council support for Kimberley Process. Rapaport wishes all our Indian friends a happy Diwali.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.13% -1.03% -5.31%
0.50 ct 0.39% -0.11% -29.40%
1.00 ct 0.38% -0.42% -24.20%
3.00 ct 0.21% 0.46% -13.45%
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Market Reports
United States: Prices of best round goods firming due to limited supply…
United States: Prices of best round goods firming due to limited supply…
Belgium: Some demand for pink and yellow diamonds, but most categories have seen price drops…
Belgium: Some demand for pink and yellow diamonds, but most categories have seen price drops…
Israel: More Israelis attending bourse than last month, but sales limited…
Israel: More Israelis attending bourse than last month, but sales limited…
India: Goods starting to move as US buyers hurry to make holiday purchases before Indian suppliers shut for Diwali…
India: Goods starting to move as US buyers hurry to make holiday purchases before Indian suppliers shut for Diwali…
Hong Kong: Mainland Chinese demand slow amid sluggish economy; gold selling better than diamonds…
Hong Kong: Mainland Chinese demand slow amid sluggish economy; gold selling better than diamonds…
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Podcast: Chaumet’s Golden Age

Jewelry historian and curator Vanessa Cron talks us through a new exhibition celebrating the maison’s avant-garde creations from 1965 to 1985.

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Gamer jewelry and some new scientific uses for diamonds feature in this week’s roundup.

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