Rapaport Newsletter Banner
RAPAPORT ® TRADEWIRE ®
September 15, 2022
Rapaport Market Brief - September 15, 2022

Diamond market uncertain as prices continue decline amid sluggish trading. Program goods, including nice SIs and oversizes, doing better than lower qualities. Discretionary spending squeezed as Aug. US inflation +8.3% from a year ago and stock market plunges. Rising expectations for holiday season with pent-up demand for in-store shopping. Mastercard projects Nov.-Dec. US jewelry sales +2.2%; Deloitte forecasts overall retail +4% to 6%. US demand supporting the trade. Rough trading cautious with reduced auction demand before next week’s De Beers sight. Petra Diamonds FY sales +44% to $585M, profit -55% to $88M. New Watch & Jewellery Initiative for sustainability gains nine members.

Read More
Rapaport Newsletter Banner
RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.05% -0.92% -6.03%
0.50 ct -0.39% -2.55% -3.26%
1.00 ct -0.73% -2.95% 5.13%
3.00 ct -0.43% -2.41% 13.96%
Market Reports
United States: Jewelers seeing strong demand for branded pieces and classic categories such as tennis bracelets, pendants, and bridal…
United States: Jewelers seeing strong demand for branded pieces and classic categories such as tennis bracelets, pendants, and bridal…
Belgium: Buyers pushing for higher discounts, sensing suppliers need to raise liquidity and move inventory…
Belgium: Buyers pushing for higher discounts, sensing suppliers need to raise liquidity and move inventory…
Israel: Slight slowdown in 1 ct. rounds. Fancies above 2 ct. improving…
Israel: Slight slowdown in 1 ct. rounds. Fancies above 2 ct. improving…
India: Polished production below capacity; inventory high and rough supply expensive…
India: Polished production below capacity; inventory high and rough supply expensive…
Hong Kong: Few buyers and dealers traveling to Singapore for jewelry show due to isolation requirements on return…
Hong Kong: Few buyers and dealers traveling to Singapore for jewelry show due to isolation requirements on return…
View Full Report
Rapaport Newsletter Banner
Rapaport Newsletter Banner
Fit for a Queen: Gems from the Royal Collection
By Phyllis Schiller

As the world mourns the loss of Queen Elizabeth II, a newly updated book pays tribute to the gleaming diamond jewelry of the British Royal Collection.

Read More
Rapaport Newsletter Banner
Six of the Latest Trends in Bridal Jewelry
By Francesca Fearon

From antique shapes to placeholder bands, here are the in-fashion styles for the engagement and wedding market.

Read More
Rapaport Newsletter Banner
How Gem Legacy Aims to Help East African Miners
By Rachael Taylor

The nonprofit group works to ensure communities benefit from the stones that enrich their land.

Read More
Rapaport Newsletter Banner
Top Stories of the Week
Promotions will be key theme this season, Mastercard SpendingPulse predicts.
Jewelry Sales Set for Holiday Growth
Promotions will be key theme this season, Mastercard SpendingPulse predicts.
See More
De Beers brand’s Basics line features lab-grown diamonds with SI clarity and “faint” color.
Lightbox Selling Lower-Quality Stones for $600/ct.
De Beers brand’s Basics line features lab-grown diamonds with SI clarity and “faint” color.
See More
Unmounted, 31.46- and 30-carat, D-flawless stones will go under hammer in Hong Kong in October.
Sotheby’s to Sell Pair of Pear Diamonds for $7M
Unmounted, 31.46- and 30-carat, D-flawless stones will go under hammer in Hong Kong in October.
See More
Higher consumer prices will compensate for weak sentiment, company predicts.
Holiday Sales to Grow by Up to 6% – Deloitte
Higher consumer prices will compensate for weak sentiment, company predicts.
See More
Nine companies join Watch & Jewellery Initiative 2030.
More Brands Sign Up to Sustainability Effort
Nine companies join Watch & Jewellery Initiative 2030.
See More
Like-for-like prices slip at September tender.
Rough Recovery Boosts Petra Earnings
Like-for-like prices slip at September tender.
See More
Dam bursts banks at South Africa tailings deposit in which Stargems recently invested.
Collapse at Jagersfontein Mine Kills One
Dam bursts banks at South Africa tailings deposit in which Stargems recently invested.
See More
Victor Dingle of majority shareholder Teichmann Group succeeds Mike Houston at miner’s helm.
BlueRock Sees CEO Shake-Up Amid Challenges
Victor Dingle of majority shareholder Teichmann Group succeeds Mike Houston at miner’s helm.
See More
Demand spiked in second quarter but could slow amid geopolitical and economic challenges, says trade group PGI.
US Platinum Sales Defy Economic Slump
Demand spiked in second quarter but could slow amid geopolitical and economic challenges, says trade group PGI.
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