Rapaport TradeWire August 25, 2022

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August 25, 2022

Rapaport Weekly Market Comment - August 25, 2022 News: Diamond market cautious with slow trading as Belgian and Israeli dealers return from summer break. Some optimism for US holiday season as New York trading improves slightly. Rise in memo calls. Far East quiet, particularly China, with reduced demand for 0.20 to 0.30 ct. sizes. Primary rough supply expensive; premiums on secondary market declining. Bloomberg reports Alrosa selling approximately $250M worth of rough a month. Manufacturers refraining from excessive rough buying due to poor profit margins. Polished inventory levels high due to weak sales. Buyers selective and cherry-picking top-quality diamonds they need to fill orders.

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RAPNET DIAMOND INDEX (RAPI™) Size Weekly Monthly Y2Y 0.30 ct -0.5% -3.0% -6.6% 0.50 ct -0.8% -3.7% -2.3% 1.00 ct -0.8% -3.6% 6.9% 3.00 ct -0.8% -2.7% 16.6%

Market Reports United States: Trading gradually improving as jewelers start to prepare for the holiday season… Belgium: Rough market stable but concerns about high price levels… Israel: Diamantaires are cautious and uncertain of the market direction… India: Steady orders for 1 ct., G-I, VS-SIs… Hong Kong: China retail gradually returning after July lockdowns in select cities…

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Signet, Tiffany Make Bold Moves The Rapaport Diamond Podcast The editorial team discusses key events that dominated the headlines in the past month, including Signet's acquisition of Blue Nile, the India International Jewellery Show (IIJS), and Tiffany & Co.'s move into non-fungible tokens (NFTs).

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Diamond Trends Webinar with Martin Rapaport The market could split into two segments as high- and low-value goods react differently to the current economic uncertainty.

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Lightening Up: White Palettes for the Summer By Rachael Taylor Designers are tapping into the cool feel of materials like platinum, pearls and rock crystal.

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Top Stories of the Week Swiss Watch Exports Hit Nearly Eight-Year High US and China drove demand in July.   SEE MORE   GIA Expands Business Development Team Former Tiffany and LVMH executives join grading lab.   SEE MORE   Richemont Sells YNAP Stake, Writes Down $2.7B Digital specialist Farfetch buys 47.5% of loss-making e-commerce business.   SEE MORE   Watches of Switzerland Cautious About Second Half Sales jumped 31% year on year in three months that ended July 31.   SEE MORE   Marijan Dundek's Popular 'Diamonds' Book Gets a Refresh Updated edition takes readers on in-depth journey through fancy colors, famous stones, and case study of 603-carat Lesotho Promise.   SEE MORE   Friends Remember 'Jeweler Extraordinaire' Castro Industry members salute the US-born artist's warm personality and one-of-a-kind designs.   SEE MORE   David Webb to Host Exhibition of 'Artful Animals' Event will highlight pieces that established the brand as a groundbreaking jewelry house.   SEE MORE   Stuntman Stan Barrett's Rolexes to Go on Auction Block Hollywood double wore two of the pieces, gifted by Paul Newman, while trying to break the speed of sound on land.   SEE MORE   Jeweler Seaman Schepps Reopens in New York New store is four times larger than branch that closed during pandemic.   SEE MORE   Sotheby's to Offer NFT at Contemporary-Artist Jewelry Sale Emerald-studded ring by Metagolden is a physical piece with a digital twin.   SEE MORE   Show of Solidarity: Ukrainian Designers at GemGenève Jewelry makers from the embattled country displayed their wares at the Swiss fair in May.   SEE MORE

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