Rapaport TradeWire December 14, 2023

Rapaport Newsletter Banner
 
RAPAPORT ® TRADEWIRE ®
December 14, 2023
 
Rapaport Market Comment - December 14, 2023

Prices of rounds stable; mixed trend in fancies. Market steady, but future uncertain as Indian production resumes. Polished inventories down due to lower production, but oversupply is a concern if manufacturers buy too much rough. US holiday sales supporting B2B demand for round, 1 to 3 ct., F-I, VS-SI, 3X diamonds. Indian sellers asking for higher prices, but clients only willing to buy when purchasing for specific orders. Alrosa 3Q revenue +55% YOY to $874M, Interfax estimates. Rough prices recovering at auctions and tenders, with Petra Dec. prices +19% from Sep.-Oct. Some sightholders expect price drops at De Beers Jan. sight, as miner needs revenue following 2H losses. US Oct. polished imports -21% to $1.5B.

Watch Video
Rapaport Newsletter Banner
 
RAPNET DIAMOND INDEX (RAPI™)
  Weekly Monthly Y2Y
0.30 ct 0.02% 0.46% -4.23%
0.50 ct 0.33% 0.96% -27.58%
1.00 ct 0.03% 0.16% -21.59%
3.00 ct -0.05% -0.33% -12.06%
Rapaport Newsletter Banner
Market Reports
United States: Melee market still strong as retailers make final Christmas orders…    United States: Melee market still strong as retailers make final Christmas orders…
Belgium: Steady orders for 0.30 and 1 ct., 3X diamonds…    Belgium: Steady orders for 0.30 and 1 ct., 3X diamonds…
Israel: Prices have risen, but dealers unsure whether recovery will continue after fourth-quarter shopping season…    Israel: Prices have risen, but dealers unsure whether recovery will continue after fourth-quarter shopping season…
India: Sentiment good; demand has improved, and supply remains limited…    India: Sentiment good; demand has improved, and supply remains limited…
Hong Kong: Mainland China retailers selling items with melee, gold, and synthetic diamonds as weak economy forces budget cuts…    Hong Kong: Mainland China retailers selling items with melee, gold, and synthetic diamonds as weak economy forces budget cuts…
View Full Report
Rapaport Newsletter Banner
Rapaport Newsletter Banner
 
Podcast: Selling the Botswana Story

Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive's single-source brand targeting US consumers.

Listen Here
Rapaport Newsletter Banner
 
Podcast: The Passionate, Practical Appraiser

New York-based Jennifer Leitman Bailey has a deep love and enthusiasm for jewelry, but she's all business when determining fair market value for her clients' pieces.

Listen Here
Rapaport Newsletter Banner
 
Sponsored Content: AGTA's Legacy of Ethical Excellence

In this first half of a two-part series, we explore some of the American Gem Trade Association's key achievements.

Read More
Rapaport Newsletter Banner
No changes to 2024 production plan despite weak demand.
Anglo American to Cut De Beers' Expenses by $100M
No changes to 2024 production plan despite weak demand.
See More
 
Criminal case opens following incident at Udachny underground deposit, Russia's Interfax says.
Gas Release at Alrosa Mine Kills Three – Report
Criminal case opens following incident at Udachny underground deposit, Russia's Interfax says.
See More
 
Latest tender sees 19% like-for-like increase.
Petra Believes Rough Prices Have 'Bottomed'
Latest tender sees 19% like-for-like increase.
See More
 
Some 142 million will turn up this year, NRF predicts.
Super Saturday Shopper Count Expected to Fall
Some 142 million will turn up this year, NRF predicts.
See More
 
Koffiefontein deposit in South Africa has been on care and maintenance since November 2022.
Petra Finds Potential Buyer for Shuttered Mine
Koffiefontein deposit in South Africa has been on care and maintenance since November 2022.
See More
 
Goal is to provide experience in each sector of the industry.
NDC, Black in Jewelry Coalition Unveil High-School Program
Goal is to provide experience in each sector of the industry.
See More
 
Plus: Do natural stones have supernatural qualities?
A Diamond in a Vacuum Cleaner, and This Week's Other News
Plus: Do natural stones have supernatural qualities?
See More
 
Swiss watchmakers will operate as separate companies.
Breitling Buys Universal Genève, Vows to Restore Its Glory
Swiss watchmakers will operate as separate companies.
See More
 
Miner sold 609 carats of rough at Sodiam tender in Angola.
Four Large Lulo Diamonds Earn $17M for Lucapa
Miner sold 609 carats of rough at Sodiam tender in Angola.
See More
 
Emerald-cut, 8.02-carat diamond is top seller at $215,900.
Sotheby's New York Jewelry Sale Fetches $8M
Emerald-cut, 8.02-carat diamond is top seller at $215,900.
See More
 
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