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RAPAPORT ® TRADEWIRE ®
September 26, 2024
Rapaport Market Comment - September 26, 2024

Hong Kong show diamond trading meets low expectations. India reducing rough inventories, with Aug. net rough imports -47% YOY to $642M, lowest since Nov. 2023. Decline in polished inventories expected. Miners selling less. De Beers maintains firm prices and allows flexibility at Sep. sight. Okavango cancels Nov. and Dec. sales. SI2-I1 selling better than VVS. India retail supporting market for smalls ahead of Diwali. Sally Morrison to head De Beers’ category marketing. View Martin Rapaport webinar on diamond prices here (members only). The Rapaport Price List will not be published next week (Oct. 4) due to Rosh Hashanah. Best wishes for a happy and peaceful Jewish New Year.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -2.00% -6.61% -28.09%
0.50 ct -1.79% -5.08% -14.96%
1.00 ct -1.13% -4.61% -23.38%
3.00 ct -0.08% -3.01% -17.35%
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Market Reports
United States: Wholesalers shipping consignment goods in large quantities to retailers ahead of holiday season…
United States: Wholesalers shipping consignment goods in large quantities to retailers ahead of holiday season…
Belgium: Slow market for large, high-value diamonds…
Belgium: Slow market for large, high-value diamonds…
Israel: Sales to US have picked up slightly…
Israel: Sales to US have picked up slightly…
India: Steady domestic demand for smaller diamonds (stars and melee) ahead of Diwali (November 1)…
India: Steady domestic demand for smaller diamonds (stars and melee) ahead of Diwali (November 1)…
Hong Kong: Poor sales of 1 to 1.50 ct., D-I, VS-SI goods at Jewellery & Gem World (JGW) show amid oversupply…
Hong Kong: Poor sales of 1 to 1.50 ct., D-I, VS-SI goods at Jewellery & Gem World (JGW) show amid oversupply…
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Does In-Factory Grading Help IGI Achieve Huge Margins?
By Joshua Freedman

The International Gemological Institute (IGI) spent just 15% of its revenue on employee expenses in 2023. A comparison with US financials for the Gemological Institute of America (GIA) points to contrasting business models.

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GEMTalks Addresses the Intricacies of Grading Mounted Gemstones

IGI’s John Pollard and graduate gemologist Mark Reyes will discuss the process and offer advice for accurate assessment.

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Soft Chinese Market Impacts Hong Kong Show
By Jennifer Heebner

Real-estate crisis and import rules, as well as Shanghai typhoon, deterred mainland buyers.

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Okavango Diamond Company Cancels December Sale
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De Beers Puts Sally Morrison in Charge of US Marketing
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Sotheby’s New York Jewelry Sale Brings In Nearly $5M
Cushion-cut, 8-carat diamond ring is top seller, realizing $336,000.
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Letšeng Mine Yields 213ct. Rough for Gem Diamonds
Stone is 13th over 100 carats that company has recovered this year and fifth in just over a month.
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Members of the editorial team pick their favorite pieces from the internet.
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