Rapaport Newsletter Banner
RAPAPORT ® TRADEWIRE ®
October 6, 2022
Rapaport Market Brief - October 6, 2022

Market sentiment cautious amid softening prices. 1 ct. RAPI -3.8% in Sep. and -9.7% during 3Q. Retail jewelers expecting steady holiday sales but being careful not to hold large inventories amid economic uncertainty. US in recession as GDP contracts for second consecutive quarter: -0.6% in 2Q. Rough market slow after De Beers sales +2% to $500M in Sep. Polished inventory high; diamonds on RapNet +10% to 1.88M. Antwerp dealers hoping for easier access to financial services after Belgium parliament approves new banking law. Israel Sep. polished exports +113% to $420M, rough imports +28% to $109M. Rapaport offices will be closed Oct. 10-11 for Sukkot holiday.

Watch the Video
Rapaport Newsletter Banner
RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.25% -0.86% -4.86%
0.50 ct -0.71% -2.87% -4.57%
1.00 ct -0.62% -3.51% 2.68%
3.00 ct -0.27% -1.74% 13.36%
Rapaport Newsletter Banner
Rapaport Newsletter Banner
Podcast: Diamond Market Plays It Cool

The diamond industry is facing contrasting trends at the start of the important fourth quarter. US jewelers are optimistic for the holiday season, but the trade is staying cautious amid the economic slowdown.

Listen Here
Rapaport Newsletter Banner
Lab and Marriage: The Rise of Synthetics in Bridal
By Jennifer Heebner

Engagement-ring shoppers are increasingly courting grown diamonds so they can get more carats for their money.

Read More
Rapaport Newsletter Banner
The Perils and Rewards of Custom Ring Design
By Lara Ewen

The market for bespoke engagement jewelry is booming, and to deliver the goods, creators have to balance aesthetics, mechanics and client expectations.

Read More
Rapaport Newsletter Banner
Top Stories of the Week
<p>Mixed trends in the retail sector and a rise in polished inventories dented industry sentiment in September.</p>
Price Decline Fueling Diamond Trade Uncertainty
Mixed trends in the retail sector and a rise in polished inventories dented industry sentiment in September.
See More
<p>Manufacturers prepare for Diwali closures.</p>
De Beers Sees Slowdown at September Sight
Manufacturers prepare for Diwali closures.
See More
<p>Legislation would help Antwerp diamond dealers get access to financial services.</p>
Belgium Parliament Backs New Banking Law
Legislation would help Antwerp diamond dealers get access to financial services.
See More
<p>Optimism rises as municipality eases quarantine rules.</p>
Hong Kong Sees Further Growth in Hard Luxury
Optimism rises as municipality eases quarantine rules.
See More
<p>Stone shatters estimate at Heritage Auctions.</p>
Orangy-Red Diamond Sells for $1.8M
Stone shatters estimate at Heritage Auctions.
See More
<p>September increase partly reflected annual variation in timing of Jewish holidays.</p>
Israel Polished Exports More Than Double
September increase partly reflected annual variation in timing of Jewish holidays.
See More
<p>Watch-industry veteran died in May of this year.</p>
Steven Kaiser to Receive Posthumous GEM Award
Watch-industry veteran died in May of this year.
See More
CONTACT US
Facebook logo       Twitter logo       LinkedIn logo       RSS logo       Email logo
© Copyright 2022 by Rapaport USA Inc. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are
registered trademarks.

Search

Date