Rapaport

Market Data

Diamonds Metals Currencies Equities
Metal Type
Monthly Change
Gold
4.97%
Silver
5.91%
Platinum
1.24%
Palladium
3.09%
Currency
Monthly Change
Euro
-0.24%
Pound
-0.17%
Yuan
-0.43%
Rupee
-0.64%
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. 21, 2024

Market slow but stable. Polished production rising, with India Feb. rough imports at 11-month high of $1.6B (-6% YOY), polished exports $1.7B (-28% YOY).

Rapaport sends letter to OFAC requesting exemptions for polished diamonds in the US and all polished diamonds in existence before March 1, 2024. There should not be sanctions for polished diamonds that do not result in additional funding to Russia.

Botswana warns that G7 sanctions might harm its diamond industry.

US Federal Reserve holds interest rates at 5.25% to 5.5% after 3.2% inflation in Feb.

Signet shares -12% in one day amid soft 1Q guidance; fiscal 4Q sales $2.5B (-6% YOY), profit $626M (+126%).

Brilliant Earth 4Q sales $124M (+4% YOY).

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