Rapaport TradeWire December 30, 2022

December 30, 2022

Rapaport Market Comment - December 29, 2022 Sentiment mixed as Mastercard reports US Nov./Dec. holiday jewelry sales -5.4%, general retail +8%, e-commerce +11% and in-store +7%. Consumer confidence up in Dec. amid improved outlook for inflation and employment. Diamond trading slow due to end-of-year break and market uncertainty. Cutters maintaining low polished production after 2022 inventory buildup, anticipating cautious post-holiday demand. China slow as Covid-19 outbreak stifles recovery; quarantine expected to lift for Jan. 22 lunar festival. Belgium 3Q rough imports +8% to EUR 1.8B, volume -30% to 11.7M cts., National Bank of Belgium reports. Rapaport wishes everyone a happy, healthy, ‎prosperous and peaceful New Year.‎ Watch Video

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.05% 1.23% -7.68% 0.50 ct -0.05% -0.10% -10.65% 1.00 ct -0.38% -1.40% -10.32% 3.00 ct -0.37% -1.36% -2.56%

Market Reports   United States: Mood among jewelers positive as holiday sales exceed pre-pandemic levels despite year-on-year drop…   Belgium: European retail sentiment mixed amid economic volatility. Luxury houses driving growth…   Israel: Sellers agreeing to lower prices than usual in effort to offload less-popular goods…   India: Rough slow even as restocking season approaches; manufacturers not buying for inventory…   Hong Kong: Trade has deep concerns about mainland sales in short term but hopes to see recovery in coming months…

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The 10 Most-Read Stories of 2022 By Joshua Freedman From Russia to rough diamonds to psychic advisers, this year's top articles on Rapaport.com reflect the frantic and varied nature of 2022. Read More

Podcast: Reflections on a Turbulent Year The Rapaport editorial team looks back at the major events and trends that shaped the diamond market in 2022. Listen Here

The Year in Diamonds, Month by Month By Joshua Freedman As 2022 comes to an end, here are the key points we highlighted in the weekly Rapaport Market Comment. Read More

Top Stories of the Week US Holiday Jewelry Sales Fall 5% Retail spending shifted toward experiences, according to data from Mastercard SpendingPulse. See More The Priciest Diamonds of the Year Here are the 10 top-grossing stones at auction in 2022. See More The Biggest Diamonds That Rocked 2022 The highlights from an impressive year for large rough and polished. See More US Consumer Confidence Reaches Eight-Month High Outlook for inflation and employment improved in December, says the Conference Board. See More Gemstone Beads Are Here to Stay These colorful strands are in vogue among men and women alike. See More Why Everyone Wants a Locket in Their Pocket Cristina Mattern of Tenenbaum Jewelers discusses the history and appeal of these talismanic pieces. See More Changing with Time: How Watch Design Has Evolved A new book tracks developments through the decades. See More US Polished Imports Slip in October Lower volumes outweighed a higher average price. See More Sotheby's Rakes In Nearly $8M from Online Jewelry Auction Several diamond pieces surpass their upper estimates. See More Colored Diamonds Lead Heritage Jewelry Auction 1.03-carat pink diamond ring is biggest seller, bringing in $187,500. See More Diamond Ring Shatters Estimate at Skinner Auction Piece featuring 4.97-carat stone sells for $107,475 at Important Jewelry sale. See More

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