Time to Boost Independent Jewelers, Rapaport Says 

RAPAPORT®
NewsBrief  
June 12, 2023
 
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Time to Boost Independent Jewelers, Rapaport Says
Martin Rapaport called on the industry last week to support small and medium-sized retailers, which are facing increased competition from the majors and digital platforms.
55ct. Ruby Fetches World-Record $35M
Eternal Pink diamond sells for same price at high-value Sotheby's auction.
 
Signet Slashes Forecast as Sales Slump
Engagements dried up in first fiscal quarter, retailer reports.
 
Market Comment: America Working
Diamond trading very slow. Dealers cautious as prices continue to decline.
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Events
Rapaport Melee & Quarterly Pawnshop Auctions
June 6-15
New York & Dubai
More Details
 
Rapaport Single Stone Auction
June 11-14
Dubai
More Details
 
Rapaport Single Stone Auction
June 27 – July 5
New York & Israel
More Details
RapNet Diamond Index (RAPI™)
Diamond Data
Size
Index
Weekly
Monthly
Y2Y
 0.30 ct
1572
-0.25%
-2.20%
-3.27%
 0.50 ct
2457
-0.56%
-3.56%
-22.20%
 1.00 ct
6999
-0.87%
-1.66%
-23.92%
 3.00 ct
23755
-0.28%
-0.56%
-15.82%
Rapaport Investment Grade Diamonds
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