{"id":23883,"date":"2023-12-06T11:07:06","date_gmt":"2023-12-06T05:37:06","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=23883"},"modified":"2023-12-06T11:09:31","modified_gmt":"2023-12-06T05:39:31","slug":"rapaport-diamond-prices-see-modest-increase","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-see-modest-increase\/","title":{"rendered":"Rapaport: Diamond Prices See Modest Increase"},"content":{"rendered":"<p>The diamond market continued to stabilise in November as holiday shopping began and lower rough supply reduced midstream inventories, according to a Rapaport press release. Prices of rounds increased across all major categories for the first time this year.<\/p>\n<p>Rapaport reported that the RapNet Diamond Index (RAPI\u2122) for 1-carat stones rose 0.8% during the month. The 0.30-carat RAPI increased 0.3%, while the 0.50-carat category saw the strongest performance with a 1.2% rise. The index for 3-carat diamonds increased 0.1%. However, discounts off the Rapaport Price List remained high.<\/p>\n<figure id=\"attachment_23884\" aria-describedby=\"caption-attachment-23884\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-23884 size-medium lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-1000x263.jpg\" alt=\"\" width=\"1000\" height=\"263\" data-sizes=\"auto\" data-srcset=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-1000x263.jpg 1000w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-1024x269.jpg 1024w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-150x39.jpg 150w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-768x202.jpg 768w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-450x118.jpg 450w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-225x59.jpg 225w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-900x236.jpg 900w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-20x5.jpg 20w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-1110x293.jpg 1110w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed-366x96.jpg 366w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/unnamed.jpg 1116w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-23884\" class=\"wp-caption-text\">\u00a9 Copyright 2023 by Rapaport USA Inc.<\/figcaption><\/figure>\n<p>US dealers\u2019 pre-holiday buying boosted the market. Retailers saw brisk sales over the Thanksgiving weekend. Diamond demand in mainland China remained slow. Hong Kong\u2019s luxury market rebounded as tourists returned.<\/p>\n<p>Rough trading was sluggish as manufacturers sought to reduce rough and polished inventories. India continued its two-month voluntary freeze on rough imports, which is scheduled to end on 15<sup>th<\/sup> December. Factories in Surat extended their Diwali vacations due to weak demand. De Beers garnered just $80 million at its October sight \u2014 the lowest since the peak of the Covid-19 crisis in 2020 \u2014 after allowing 100% refusals.<\/p>\n<p>The number of diamonds on RapNet has decreased 4.3% since 1<sup>st<\/sup> July, reflecting seasonal demand trends and the drop in polished production.<\/p>\n<p>Provenance became increasingly important as the natural-diamond industry competed with synthetics for consumers\u2019 dollars. European Union member states, including Belgium, considered a proposal for banning Russian diamonds amid the war in Ukraine. The other Group of Seven (G7) governments are also likely to introduce sanctions on Russian stones in early 2024.<\/p>\n<p>The Kimberley Process (KP) remained unable to tackle these issues; the November plenary meeting ended without a final communiqu\u00e9 due to disagreements over how to deal with Russia.<\/p>\n<p>Consumers\u2019 preferences for low-budget items will play a role this holiday season. However, as Martin Rapaport said in his 21<sup>st<\/sup> November consumer alert, some retailers are overcharging for synthetics. The holidays are off to a decent start, but the outcome for the industry will depend on whether or not consumers choose the real product.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-23885 aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed.jpg\" alt=\"\" width=\"888\" height=\"578\" data-sizes=\"auto\" data-srcset=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed.jpg 888w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-150x98.jpg 150w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-768x500.jpg 768w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-450x293.jpg 450w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-225x146.jpg 225w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-20x13.jpg 20w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/2-unnamed-147x96.jpg 147w\" sizes=\"auto, (max-width: 888px) 100vw, 888px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The diamond market continued to stabilise in November as holiday shopping began and lower rough supply reduced midstream inventories, according to a Rapaport press release. Prices of rounds increased across all major categories for the first time this year. Rapaport reported that the RapNet Diamond Index (RAPI\u2122) for 1-carat stones rose 0.8% during the month.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-23883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rapaport: Diamond Prices See Modest Increase - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-see-modest-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Diamond Prices See Modest Increase - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The diamond market continued to stabilise in November as holiday shopping began and lower rough supply reduced midstream inventories, according to a Rapaport press release. Prices of rounds increased across all major categories for the first time this year. 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