Rapaport Newsletter Banner
RAPAPORT ® TRADEWIRE ®
September 14, 2023
Rapaport Market Comment - September 14, 2023

NOTICE: RAPAPORT URGES TRADE TO REJECT WORLD DIAMOND COUNCIL “WDC G7 PROTOCOL,” WHICH WILL DESTROY SMALL BUSINESSES. ASKS TRADE TO RESIGN FROM WDC AND JOIN EFFORTS FOR ALTERNATIVE PROPOSAL WITH US GOVERNMENT. Further Russian sanctions creating concern. De Beers abandons Lightbox engagement rings, citing lack of long-term prospects and brings back “A Diamond Is Forever” in $20M natural-diamond campaign. Polished prices fall, with deep concerns for 4Q as US inflation rose to 3.7% in August. LVMH-owned Fred launches high jewelry with blue lab-grown and white natural diamonds. Low expectations for HK show. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year.

Watch Video
Rapaport Newsletter Banner
RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -1.04% -5.29% -4.94%
0.50 ct -1.04% -8.93% -30.15%
1.00 ct -1.41% -5.76% -25.70%
3.00 ct -1.17% -2.45% -14.82%
Rapaport Newsletter Banner
Market Reports
United States: Fancy shapes continue to outperform rounds…
United States: Fancy shapes continue to outperform rounds…
Belgium: Buyer’s market as demand and prices fall…
Belgium: Buyer’s market as demand and prices fall…
Israel: Dealers waiting until after the Jewish holidays to make deals…
Israel: Dealers waiting until after the Jewish holidays to make deals…
India: Manufacturers keeping polished production below 50% of capacity and offering heavy discounts to clear inventory and improve liquidity…
India: Manufacturers keeping polished production below 50% of capacity and offering heavy discounts to clear inventory and improve liquidity…
Hong Kong: Price will be key factor at Jewellery & Gem World Hong Kong show, with exhibitors expecting buyers to request significant discounts…
Hong Kong: Price will be key factor at Jewellery & Gem World Hong Kong show, with exhibitors expecting buyers to request significant discounts…
View Full Report
Rapaport Newsletter Banner
Rapaport Newsletter Banner
Podcast: Spotlight on Sustainability

A sneak peek at our upcoming supplement on ethics, transparency and traceability.

Listen Here
Rapaport Newsletter Banner
The Weekly Gems: News and Videos from Around the Web

Featuring an unusual proposal venue, exciting discoveries, and a hurricane.

Read More
Rapaport Newsletter Banner
The Artistry of Chanel
By Phyllis Schiller

Coco’s craft: A new book plumbs the creative processes behind the brand’s iconic high-jewelry designs.

Read More
Rapaport Newsletter Banner
Miner brings back “A Diamond Is Forever” tagline.
De Beers Ends Lab-Grown Engagement-Ring Test
Miner brings back “A Diamond Is Forever” tagline.
See More
Oded Mansori is no longer managing partner; legal proceedings underway.
Belgian Manufacturer HB Splits from Cofounder
Oded Mansori is no longer managing partner; legal proceedings underway.
See More
Limited-edition collection features mixture of synthetic and natural stones.
Paris-Based Jeweler Fred Launches Blue Lab-Grown Diamonds
Limited-edition collection features mixture of synthetic and natural stones.
See More
Five defendants used businesses as front to transfer more than $600 million since 2019, says US Department of Justice.
NY Diamond Dealers Charged with Moving Money Illegally
Five defendants used businesses as front to transfer more than $600 million since 2019, says US Department of Justice.
See More
US retail sales will rise by 4% to 5%, professional-services group predicts.
Deloitte Gives Upbeat Holiday Forecast
US retail sales will rise by 4% to 5%, professional-services group predicts.
See More
Company unearths 391-carat rough at Mayat mine in Yakutia.
Alrosa Finds Russia’s Largest Diamond in a Decade
Company unearths 391-carat rough at Mayat mine in Yakutia.
See More
South Africa’s National Union of Mineworkers has been planning industrial action at Venetia deposit.
De Beers Hopes to Avoid Strike with Five-Year Deal
South Africa’s National Union of Mineworkers has been planning industrial action at Venetia deposit.
See More
US revenue for November-December period expected to rise 1%, well below average for past decade.
Holiday Sales Growth Will Be Weakest in Years, Bain Predicts
US revenue for November-December period expected to rise 1%, well below average for past decade.
See More
Gems linked to Austrian Habsburg dynasty make first appearance in nearly a century.
Over 200 Pieces of Royal Jewelry to Hit Block at Sotheby’s
Gems linked to Austrian Habsburg dynasty make first appearance in nearly a century.
See More
More than half of sold items beat their high estimates.
Sotheby’s New York Sale Nabs $13M
More than half of sold items beat their high estimates.
See More
Manufacturers’ association reelects DN Diamonds founder for three years.
Nissim Zuaretz Gets Another Term as ISDMA President
Manufacturers’ association reelects DN Diamonds founder for three years.
See More
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