Rapaport TradeWire June 1, 2023

June 1, 2023

Rapaport Market Comment - June 1, 2023 All eyes on Las Vegas, with hopes the shows will raise sentiment for 2H. Deep concerns about the market amid sluggish demand and continued polished price slide. 1 ct. RAPI -1.2% in May, with sharper declines in lower qualities. Trade below previous years as jewelers tighten inventory purchases during economic uncertainty. US 1Q polished imports -21% to $5B. Responsible sourcing, sustainability and lab-grown the main themes shaping the market. Christie's Hong Kong totals $60M, with pear, 4.83 ct., fancy-vivid-blue, IF, type IIb selling for $8.8M ($1.8M/ct.). Industry mourns passing of legendary diamond cutter Gabi Tolkowsky. Rapaport Group launches market for certified natural pearls. Rapaport to host annual Las Vegas breakfast and Social Responsibility Conference on Sunday, June 4. Register at info.rapaport.com/jck23. Read More

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct -0.31% -1.57% -2.54% 0.50 ct -0.67% -3.52% -21.57% 1.00 ct -0.22% -1.22% -23.40% 3.00 ct -0.39% -1.06% -15.75%

Market Reports   United States: Expectations measured for Las Vegas jewelry week, with positive outlook for high-end Luxury and Couture shows, and strong networking and education prospects at JCK…   Belgium: Trading down amid weak polished demand…   Israel: Softened demand for SI to I2 diamonds across most sizes and colors…   India: Domestic jewelry sector supporting industry, with some manufacturers shifting focus from exports to local sales…   Hong Kong: E-commerce outperforming physical stores…

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Refreshing the Retail Game for Today's Consumer By Avi Krawitz Major chains and independent jewelers alike are seeing the need for omni-channel, diversity, and other shake-ups to their traditional business models. Read More

Gem Z: Rebranding Natural Diamonds for a New Generation A special Rapaport supplement looks at how retailers can sway young consumers toward natural stones as lab-grown gains traction.                 Read More

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Renowned Diamond Cutter Gabriel 'Gabi' Tolkowsky Dies Israel-born polisher manufactured famous stones for De Beers. See More Rapaport Magazine Takes Deep Dive into US Jewelry Market Ahead of the Rapaport Breakfast in Las Vegas, the May-June issue focuses on the opportunities and challenges facing independent retailers, while the cover spotlights Diamonds Do Good award-winner Lorraine West. See More De Beers Denies It Violated Sanctions on Russian Diamonds Allegations could harm negotiations with Botswana, media report claims. See More Natural Diamond Council Partners with Eight Cutting Firms Marketing body also forms collaboration with brokerage business Bonas Group. See More Botswana Confident of Reaching Deal with De Beers Investment in HB Antwerp will not affect long-standing partnership with miner, government says. See More Christie's Nabs $60M at Hong Kong Auction 4.83-carat, blue diamond ring is top seller, bringing in $8.8 million. See More Petra Sells Stake in Williamson Mine for $15M Pink Diamond Investments has purchased just under 50% of the site. See More Swiss Watch Exports Climb Amid China Rebound Shipments to US see first decline in more than two years. See More Stanley Zale Joins Hill & Co. as Principal Consultant Move comes after 17 years at Stuller. See More 36ct. Yellow Diamond to Lead Christie's London Sale Necklace estimated to sell for up to $500,000. See More Hearts on Fire Names New Global President Rita Maltez has been with the Chow Tai Fook jewelry brand since 2021. See More Asian Star's Full-Year Revenue Rises Sales increased 1% in 12 months that ended March 31. See More US Diamond Imports See First-Quarter Slowdown Polished shipments dropped again in March. See More India's Polished Exports Continue to Decline Rough shipments rebounded in April, according to data from GJEPC. See More Gold Slot Machine, Monopoly Board to Go Under the Hammer Collection from American jeweler Sidney Mobell will appear at Bonhams in June. See More Diamond Club West Coast Names New Board Kalpesh Jhaveri takes over as president. See More

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