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RAPAPORT ® TRADEWIRE ®
December 30, 2022
Rapaport Market Comment - December 29, 2022

Sentiment mixed as Mastercard reports US Nov./Dec. holiday jewelry sales -5.4%, general retail +8%, e-commerce +11% and in-store +7%. Consumer confidence up in Dec. amid improved outlook for inflation and employment. Diamond trading slow due to end-of-year break and market uncertainty. Cutters maintaining low polished production after 2022 inventory buildup, anticipating cautious post-holiday demand. China slow as Covid-19 outbreak stifles recovery; quarantine expected to lift for Jan. 22 lunar festival. Belgium 3Q rough imports +8% to EUR 1.8B, volume -30% to 11.7M cts., National Bank of Belgium reports. Rapaport wishes everyone a happy, healthy, ‎prosperous and peaceful New Year.‎

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct 0.05% 1.23% -7.68%
0.50 ct -0.05% -0.10% -10.65%
1.00 ct -0.38% -1.40% -10.32%
3.00 ct -0.37% -1.36% -2.56%
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Market Reports
United States: Mood among jewelers positive as holiday sales exceed pre-pandemic levels despite year-on-year drop…
United States: Mood among jewelers positive as holiday sales exceed pre-pandemic levels despite year-on-year drop…
Belgium: European retail sentiment mixed amid economic volatility. Luxury houses driving growth…
Belgium: European retail sentiment mixed amid economic volatility. Luxury houses driving growth…
Israel: Sellers agreeing to lower prices than usual in effort to offload less-popular goods…
Israel: Sellers agreeing to lower prices than usual in effort to offload less-popular goods…
India: Rough slow even as restocking season approaches; manufacturers not buying for inventory…
India: Rough slow even as restocking season approaches; manufacturers not buying for inventory…
Hong Kong: Trade has deep concerns about mainland sales in short term but hopes to see recovery in coming months…
Hong Kong: Trade has deep concerns about mainland sales in short term but hopes to see recovery in coming months…
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The 10 Most-Read Stories of 2022
By Joshua Freedman

From Russia to rough diamonds to psychic advisers, this year’s top articles on Rapaport.com reflect the frantic and varied nature of 2022.

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Podcast: Reflections on a Turbulent Year

The Rapaport editorial team looks back at the major events and trends that shaped the diamond market in 2022.

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The Year in Diamonds, Month by Month
By Joshua Freedman

As 2022 comes to an end, here are the key points we highlighted in the weekly Rapaport Market Comment.

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Retail spending shifted toward experiences, according to data from Mastercard SpendingPulse.
US Holiday Jewelry Sales Fall 5%
Retail spending shifted toward experiences, according to data from Mastercard SpendingPulse.
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Here are the 10 top-grossing stones at auction in 2022.
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The highlights from an impressive year for large rough and polished.
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Outlook for inflation and employment improved in December, says the Conference Board.
US Consumer Confidence Reaches Eight-Month High
Outlook for inflation and employment improved in December, says the Conference Board.
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These colorful strands are in vogue among men and women alike.
Gemstone Beads Are Here to Stay
These colorful strands are in vogue among men and women alike.
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A new book tracks developments through the decades.
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Lower volumes outweighed a higher average price.
US Polished Imports Slip in October
Lower volumes outweighed a higher average price.
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Several diamond pieces surpass their upper estimates.
Sotheby’s Rakes In Nearly $8M from Online Jewelry Auction
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1.03-carat pink diamond ring is biggest seller, bringing in $187,500.
Colored Diamonds Lead Heritage Jewelry Auction
1.03-carat pink diamond ring is biggest seller, bringing in $187,500.
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Piece featuring 4.97-carat stone sells for $107,475 at Important Jewelry sale.
Diamond Ring Shatters Estimate at Skinner Auction
Piece featuring 4.97-carat stone sells for $107,475 at Important Jewelry sale.
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