Rapaport TradeWire May 11, 2023

Rapaport Newsletter Banner
 
RAPAPORT ® TRADEWIRE ®
May 11, 2023
 
Rapaport Market Comment - May 11, 2023

Sentiment weak amid trading slump. Prices declining as dealers try to reduce inventory. Economic caution lingers; US inflation 4.9% in April. Majors and top-tier independents that can adapt to shifting consumer habits are gaining market share and demonstrating strength of US market. GemGenève show opens with hopes that robust high end will raise general activity. Part 1 of Heidi Horten collection auction raises $156M at Christie's Geneva; cushion-cut, 25.59 ct. Sunrise Ruby ring misses presale estimate at $14.6M. WFDB pledges financial support for Natural Diamond Council. Industry mourns passing of Zvi Yehuda, inventor of Sherlock Holmes synthetic-diamond detection machines.

Read More
Rapaport Newsletter Banner
 
RAPNET DIAMOND INDEX (RAPI™)
  Weekly Monthly Y2Y
0.30 ct 0.01% 0.51% -0.56%
0.50 ct -0.57% -2.65% -19.56%
1.00 ct -0.34% -2.50% -22.98%
3.00 ct -0.57% -1.49% -15.45%
Rapaport Newsletter Banner
Market Reports
<p><strong>United States: </strong>Some memo calls, but buyers being careful not to increase inventory levels…</p>    United States: Some memo calls, but buyers being careful not to increase inventory levels…
<p><strong>Belgium: </strong>Rough dealers' and manufacturers' profit margins under pressure…</p>    Belgium: Rough dealers' and manufacturers' profit margins under pressure…
<p><strong>Israel:</strong> Slowdown in I1- to I2-clarity goods following recent price declines…</p>    Israel: Slowdown in I1- to I2-clarity goods following recent price declines…
<p><strong>India: </strong>Most Surat factories closed for summer holidays until mid-May…</p>    India: Most Surat factories closed for summer holidays until mid-May…
<p><strong>Hong Kong: </strong>Retailers focusing on Mother's Day promotions and seeing steady interest in lower-budget items…</p>    Hong Kong: Retailers focusing on Mother's Day promotions and seeing steady interest in lower-budget items…
View Full Report
Rapaport Newsletter Banner
Rapaport Newsletter Banner
 
Podcast: The Buzz About Geneva, Tiffany and Bridal

Several developments are creating positive energy around jewelry, despite the slow diamond market. The Rapaport editorial team discusses some of the high-profile events that may have raised the bar for the rest of the industry.

Listen Here
Rapaport Newsletter Banner
 
Diamond Trends Webinar with Avi Krawitz: Why the Diamond Market Has Slowed

Wholesale trading has remained sluggish in the second quarter. But what has influenced the difficult start to 2023? In our upcoming webinar, Rapaport Senior Analyst Avi Krawitz will examine this question and outline the state of the sector as we approach the midpoint of the year.

Register Here
Rapaport Newsletter Banner
 
Six of the Hottest Diamond Cuts for Retailers

Getting in shape: What consumers are buying and why.

Read More
Rapaport Newsletter Banner
<p>Ring from Austrian billionaire Heidi Horten garners $14.6 million.</p>
26ct. Ruby Misses Estimate at Controversial Christie's Sale
Ring from Austrian billionaire Heidi Horten garners $14.6 million.
See More
 
<p>Collector's husband made his fortune during Third Reich.</p>
WFDB Protests Christie's Auction over Nazi Links
Collector's husband made his fortune during Third Reich.
See More
 
<p>Israeli industry veteran also created first laser-cutting instrument for diamonds.</p>
Zvi Yehuda, Inventor of Sherlock Holmes Machine, Dies at 86
Israeli industry veteran also created first laser-cutting instrument for diamonds.
See More
 
<p>Swan Lake suite features diamonds and cultured South Sea pearls.</p>
Princess Diana Necklace Could Fetch $15M
Swan Lake suite features diamonds and cultured South Sea pearls.
See More
 
<p>Emerald-cut, G-color, VS2-clarity stone is largest the organization has seen.</p>
GIA Examines 35ct. Lab-Grown Diamond
Emerald-cut, G-color, VS2-clarity stone is largest the organization has seen.
See More
 
<p>Association submits recommendations to Federal Trade Commission for ">
AGTA Calls for Ban on Term 'Recycled'
Association submits recommendations to Federal Trade Commission for "Green Guides."
See More
 
<p>Provider of diamond-tracing service lays off branch's employees after funding shortfall.</p>
Everledger Australia Enters Business Rescue Process
Provider of diamond-tracing service lays off branch's employees after funding shortfall.
See More
 
<p>Technology company completes 70% takeover.</p>
Sarine Buys New York Lab GCAL for $5.65M
Technology company completes 70% takeover.
See More
 
<p>Federation will provide financial and organizational support.</p>
WFDB Partners with Natural Diamond Council
Federation will provide financial and organizational support.
See More
 
<p>Is it possible to analyze a diamond and figure out where it was mined?</p>
The Prospect of Diamond Origin Determination: In Brief
Is it possible to analyze a diamond and figure out where it was mined?
See More
 
<p>Alrosa goods are still flowing into certain countries, but the details are hazy.</p>
Where Are All the Russian Diamonds?
Alrosa goods are still flowing into certain countries, but the details are hazy.
See More
 
<p>5.02-carat emerald cut fetches $175,000 in Dallas, Texas.</p>
Diamonds, Colored Gems Steal Show at Heritage Auction
5.02-carat emerald cut fetches $175,000 in Dallas, Texas.
See More
 
<p>Company held more tenders than a year earlier.</p>
Mountain Province Profit Rises in Strong Quarter for Sales
Company held more tenders than a year earlier.
See More
 
Rapaport Newsletter Banner
CONTACT US
Facebook logo       Twitter logo       LinkedIn logo       RSS logo       Email logo
© Copyright 2023 by Rapaport USA Inc. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are
registered trademarks.
Rapaport USA 133 East Warm Springs Road Suite 100 Las Vegas Nevada 89119 USA
You received this email because you are subscribed to Rapaport TradeWire® from Rapaport USA.
Update your email preferences to choose the types of emails you receive.
Unsubscribe from all future emails

Post a Comment

0 Comments