Top Stories
Swiss Watch Exports Plunge Amid Halt in Asia Demand
Shipments to China and Hong Kong were lower than in March 2020, at the height of Covid-19.
Jewelry Manufacturer Unique Designs Acquires China Pearl
New purchase will allow company to offer a broader selection of goods to its customers.
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Spotlight on Estate Jewelry: Best of Rapaport Magazine
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A ‘dictionary’ of Van Cleef & Arpels’s glorious creations showcases the jewels and techniques that have made the maison famous.
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What’s New at Hancocks
An upgraded location for the London icon lets it sell its rare antique and vintage jewels in style.
Jewelry
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Geoff Hess of Sotheby’s Talks Vintage Timepieces
Face to Face: The auction house’s head of watches for the Americas reflects on the latest trends and connoisseurs’ most coveted models.
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April 2, 2024
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Market Comment - Apr. 18, 2024
Market quiet during seasonal slowdown ahead of Passover holiday. Steady demand for round, 1 and 2 ct., D-H, SI1-SI2 diamonds.
Russia sanctions creating concerns.
De Beers sells $445M of rough in Apr. (-18% YOY, +3% from Mar.), boosted by sanctions.
Okavango Apr. auction grosses $35M.
Petra fiscal 3Q sales -1.5% YOY to $66M.
India Mar. polished exports -27% YOY to $1.2B, rough imports -16% to $1.4B.
Gold price +10% since Mar. 18 to $2,368/ounce.
LVMH 1Q watch and jewelry sales -5% to $2.6B.
Chow Tai Fook fiscal 4Q retail sales +12% as young Chinese consumers invest in gold.
Watch Martin Rapaport webinar on source certification here.
THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED NEXT WEEK DUE TO PASSOVER.