Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
5.03%
Silver
5.58%
Platinum
1.39%
Palladium
4.55%
Currency
Monthly Change
Euro
-0.42%
Pound
-0.32%
Yuan
-0.42%
Rupee
-0.66%
Index
Monthly Change
S&P 500
2.09%
India NIFTY 50
-1.15%
Hang Seng
-1.20%
Size
Monthly Change
0.30 ct.
%
0.50 ct.
%
1.00 ct.
%
3.00 ct.
%
Rapaport

Market Comment - Mar. 28, 2024

Market stable. India trade seasonally quiet ahead of financial year’s end. Round, ten-per-carat, D-F, VVS goods slowing in Indian market.

Diamonds with black center or fluorescence moving at low prices.

Gokhran reportedly agrees to buy rough from Alrosa.

Sanctions-related Antwerp blockages easing, but dealers still concerned about delays. Belgian police arrest four men in probe of Russian diamond imports.

Forevermark to stop supplying loose diamonds and will shift focus to India.

Chow Sang Sang 2023 revenue $3.2B (+22%), profit $129M (+124%) amid HK recovery; China diamond sales weak.

National Retail Federation predicts 2024 US retail sales +2.5% to +3.5%, down from 3.6% in 2023.

Kendra Scott launches synthetic-diamond fashion jewelry priced at $500 to $2,950.

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