Top Stories
De Beers Cuts Prices of Smaller Rough Diamonds
Reductions aren’t enough to ease profitability concerns, sightholders say.
$7M Historic Yellow Diamond to Headline Sotheby’s Sale
101.29-carat stone previously belonged to Major Alfred Ernest Allnatt.
Most Popular
Diamonds and Designs: Rapaport Magazine Highlights
Rapaport Magazine Checks Out Trending Fancy Cuts
Consumers are exploring diamond shapes beyond the classic round brilliant, offering designers broader opportunities.
Industry
April 3, 2024
The Big Book of Van Cleef & Arpels
A ‘dictionary’ of Van Cleef & Arpels’s glorious creations showcases the jewels and techniques that have made the maison famous.
Jewelry
April 2, 2024
Step Aside, Gold – It’s Silver Jewelry’s Time to Shine
Why this traditionally second-place metal could be a winner for retailers this year.
Jewelry
April 2, 2024
Rapaport
Market Data
Diamonds
Metals
Currencies
Equities
Market Comment - May. 02, 2024
Market shaken by reports that De Beers is up for sale. Deal could lead to restructuring of diamond trade amid ongoing pressure from synthetics, sanctions and weak Chinese demand.
Anglo American rejects $39B bid from BHP.
De Beers reduces 2024 production plan by about 10% to 26M-29M cts.
Market slower than usual for this time of year. Slow polished sales lead to sluggish rough demand ahead of De Beers sight.
Short working week due to holidays.
Luk Fook FY4Q retail sales +5% YOY, but China diamond sales down more than 40%.
Mountain Province 1Q sales -31% YOY to $66M, average price -29% to $70/ct.