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RAPAPORT ® TRADEWIRE ®
September 29, 2022
Rapaport Market Brief - September 29, 2022

Diamond trading quiet over Jewish holidays. Dealers cautious due to market slowdown as polished prices continue decline. US jewelers optimistic for 4Q. Stock market slump and strong dollar affecting sentiment. Volatile euro and record-low Indian rupee (INR 81.90/$1) squeezing dealer liquidity. Singapore show opens to mixed expectations; Chinese buyers limited by Covid-19 travel restrictions. Rough market seeing reduced demand. Manufacturers have enough inventory ahead of Diwali break. Pear, 18.18 ct., fancy-vivid pink expected to fetch $25M to $35M ($1.4M-$1.9M/ct.) at Nov. Christie’s Geneva sale. Rapaport offices will be closed on Wednesday, Oct. 5, for the Yom Kippur holiday.

 

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.39% -0.88% -5.20%
0.50 ct -0.91% -2.76% -3.99%
1.00 ct -0.93% -3.64% 3.29%
3.00 ct -0.53% -2.20% 13.48%
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