Videos Archives - Rapaport Information that Means Business Tue, 23 May 2023 09:22:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.1 https://rapaport.com/wp-content/uploads/2022/10/RIS.png Videos Archives - Rapaport 32 32 Webinar: Why the Diamond Market Has Slowed https://rapaport.com/videos/webinar-why-the-diamond-market-has-slowed/?utm_source=rss&utm_medium=rss&utm_campaign=webinar-why-the-diamond-market-has-slowed https://rapaport.com/videos/webinar-why-the-diamond-market-has-slowed/#respond Mon, 22 May 2023 11:50:22 +0000 https://rapaport.com/?p=49168 Rapaport Senior Analyst Avi Krawitz assesses the current economic uncertainty and the developments in the lab-grown market.

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Wholesale diamond trading has remained slow through the second quarter of 2023, resulting in a continued decline in polished prices.

US economic caution is the main factor affecting market sentiment, but changes in the lab-grown diamond market have also influenced the wider trade, noted Rapaport Senior Analyst Avi Krawitz in the latest installment of the Diamond Trends webinar series.

Krawitz examined the supply-and-demand dynamics that are weighing on diamond prices and assessed the impact of economic uncertainty and the developments in the lab-grown market.

Watch the webinar here:

Main image: A man holding a polished diamond. (Shutterstock)

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Market Comment https://rapaport.com/market-comment/market-comment-26/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-26 Thu, 11 May 2023 14:10:28 +0000 https://rapaport.com/?post_type=market-comment&p=48190 News: Sentiment weak amid trading slump. Prices declining as dealers...

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News: 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.

Fancies: Fancy-shape market slower than before but better than rounds. Elongated Ovals, Emeralds and Radiants are strongest items. Goods with medium and short ratios weak. Demand for cushions declining. 0.30 ct. doing well. Orders low for 0.70 to 1.20 ct. diamonds. VS-SI losing strength, except in 1.20 to 1.49 ct. Well-cut stones seeing supply shortages. Excellent shapes commanding premiums. Retailers offering broader product ranges as consumers seek alternative cuts. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-25/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-25 Thu, 04 May 2023 13:59:01 +0000 https://rapaport.com/?post_type=market-comment&p=41778 Fancies: Fancy-shape market slower than before but better than rounds....

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Fancies: Fancy-shape market slower than before but better than rounds. Elongated Ovals, Emeralds and Radiants are strongest items. Goods with medium and short ratios are weak. Demand for cushions declining. 0.30 ct. doing well. Orders low for 0.70 to 1.20 ct. diamonds. VS-SI losing strength, except in 1.20 to 1.49 ct. Well-cut stones seeing supply shortages. Excellent shapes commanding premiums. Retailers offering broader product ranges as consumers seek alternative cuts. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-23/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-23 Thu, 20 Apr 2023 14:00:28 +0000 https://rapaport.com/?post_type=market-comment&p=39683 Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants....

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Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Webinar: Diamond Reports in a Digital World https://rapaport.com/videos/webinar-diamond-reports-in-a-digital-world/?utm_source=rss&utm_medium=rss&utm_campaign=webinar-diamond-reports-in-a-digital-world https://rapaport.com/videos/webinar-diamond-reports-in-a-digital-world/#respond Thu, 20 Apr 2023 08:44:00 +0000 https://rapaport.com/?p=39641 Watch this week’s special session on the future of grading.

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The diamond-grading sector is changing, with laboratories carrying out origin verification and other added services to benefit the industry, panelists said on a Rapaport webinar this week.

While the sector used to focus solely on diamonds’ physical characteristics, increased consumer and trade demand for provenance information has led labs to branch out into other disciplines. They are also embracing technology such as QR codes and experimenting with digital reports.

The webinar, sponsored by the International Gemological Institute (IGI) and moderated by Rapaport News Editor Joshua Freedman, addressed these issues and more as the future of diamond documentation came under the spotlight.

“Diamond Reports in a Digital World” featured three panelists offering different perspectives on the industry: Hasu Dholakiya, founder of India-based diamond and jewelry manufacturer H.K. Designs; Leanne Kemp, founder and CEO of Everledger, a provider of technology solutions to increase supply-chain transparency; and Avi Levy, president of IGI North America.

The session was the third of a series titled “Fast-Tracking the Future,” brought to you by IGI. Watch the recording of the latest episode here:

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Market Comment https://rapaport.com/market-comment/market-comment-21/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-21 Thu, 30 Mar 2023 14:52:53 +0000 https://rapaport.com/?post_type=market-comment&p=38149 Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants....

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Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-20/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-20 Thu, 23 Mar 2023 15:17:33 +0000 https://rapaport.com/?post_type=market-comment&p=37349 News: Diamond trading quiet amid US economic caution. US Federal...

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News: Diamond trading quiet amid US economic caution. US Federal Reserve raises interest rates 0.25 basis points, aiming to reduce inflation from 6% in February to 2%. Chinese buyers lack urgency after Hong Kong show signaled their reentry to the market. Smalls doing better than certs. Manufacturer profit margins tightening after price increases of small rough in 1Q. Polished production stable at low levels; inventory reduced in popular categories. G7 working on plan to oblige companies to declare their supply is not sourced from Russia ahead of May meeting. Martin Rapaport to address supply chain challenges and opportunities at Israel’s International Diamond Week on Monday, March 27.

Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-19/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-19 Thu, 16 Mar 2023 15:18:07 +0000 https://rapaport.com/?post_type=market-comment&p=36662 News: Polished trading slower than expected after Hong Kong show,...

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News: Polished trading slower than expected after Hong Kong show, but dealers more upbeat than before. China outlook positive even though buyers lack urgency and are testing price levels. US market stable. Large jewelry chains driving demand for small goods. Signet Jewelers 4Q revenue -5% to $2.7B, profit -12% to $277M. Brilliant Earth 4Q sales -2% to $120M, profit -46% to $6M. Petra Diamonds rough prices +12.5% in 1Q; fancy colors and small stones strong. Gem Diamonds 2022 revenue -6% to $189M, profit -26% to $20M. Burgundy Diamond Mines buys Ekati owner Arctic Canadian for $136M. Martin Rapaport to address New York Diamond Dealers Club on Monday, March 20, 2:30 p.m. EST. Register here.

Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-18/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-18 Thu, 09 Mar 2023 15:19:59 +0000 https://rapaport.com/?post_type=market-comment&p=36151 News: Mixed sentiment amid slow trading. Expectations rising for 2H...

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News: Mixed sentiment amid slow trading. Expectations rising for 2H recovery as US shows signs of improvement despite lingering economic uncertainty. Hong Kong fair demonstrates pent-up Chinese demand, with buyers testing price points. Dealers happy to reconnect with Chinese market after Covid-19 disruptions. Small-stone segment strong; some concerned that recent rough-price hikes outpaced polished, putting pressure on cutters’ profit margins. De Beers Feb. sales -24% to $495M. Sightholders planning larger purchases later in the year. Manufacturers increasing production but still operating well below capacity. Israel Feb. polished exports +80% to $642M, rough imports -10% to $101M.

Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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Market Comment https://rapaport.com/market-comment/market-comment-17/?utm_source=rss&utm_medium=rss&utm_campaign=market-comment-17 Thu, 02 Mar 2023 14:57:53 +0000 https://rapaport.com/?post_type=market-comment&p=35657 News: Hong Kong shows open to busy traffic as Chinese...

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News: Hong Kong shows open to busy traffic as Chinese buyers attend first major trade events since Covid-19 restrictions. Steady demand for small polished; 0.30 ct. RAPI +3.5% in Feb., 1 ct. -0.1%. Some manufacturers offering higher discounts to offload old inventory, planning to ramp up production in anticipation of 2H market improvement. Rough prices rising at tenders. Sarine 2022 sales -5% to $59M, profit -47% to $9M. Rio Tinto approves $40M Diavik mine extension to 2026. Russian diamonds facing further scrutiny as G7 explores sanctions. US considering traceability regulations to prevent imports of “substantially transformed” Russian diamonds polished in other centers.

Fancies: Fashion driving demand for elongated Ovals, Emeralds and Radiants. Goods with medium and short ratios are weak and declining in value. Slow market for 0.30 to 1.20 ct. diamonds. 1.25 ct. and larger, F-J, VS-SI categories stable. Supply shortages of well-cut fancies supporting prices. Oval is leading shape, followed by Radiant, Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Excellent shapes commanding premiums. Oversizes trading at higher prices than usual. Off-make, poorly cut fancies illiquid and difficult to sell.

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