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Rapaport Breakfast, Social Responsibility Conference and Sourcing Panel

GEMTalks: Why Light Performance Makes a Difference to Understanding Diamond Quality

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What’s Next for De Beers?

With parent company Anglo American ready to divest from De Beers, observers are raising questions about all that the influential diamond business offers.

Are Lab-Grown Diamonds Really Taking Over Australia?

Naturals have a strong chance of succeeding in a quality-conscious market, jewelers argue.

Red Diamond Sets Records at Second Phillips Geneva Auction

Sale also featured 6.21-carat pink that netted $12 million.

Anglo American to Sell De Beers in ‘Radical’ Restructure

Move is part of major changes to simplify parent company's portfolio and deliver growth.

De Beers Lightbox lab grown diamonds image

De Beers Reduces Prices of Lightbox Lab-Grown Diamonds

Standard line of I to J stones will retail at $500 per carat.

Jewelry and Watch Trends: Rapaport Magazine Highlights

Rapaport Magazine Checks Out Trending Fancy Cuts

Consumers are exploring diamond shapes beyond the classic round brilliant, offering designers broader opportunities.

Geoff Hess of Sotheby’s Talks Vintage Timepieces

Face to Face: The auction house’s head of watches for the Americas reflects on the latest trends and connoisseurs’ most coveted models.

Today’s Signet Rings Are Moving Away from Monograms

Seals of approval: Personalized and one-of-a-kind styles are leading the pack, with designs that look to the future rather than connecting to the past.

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Market Data

Diamonds Metals Currencies Equities

Metal Type

Monthly Change

Gold

0.95%

Silver

10.32%

Platinum

11.45%

Palladium

3.05%

Currency

Monthly Change

Euro

1.16%

Pound

0.70%

Yuan

0.02%

Rupee

0.18%

Index

Monthly Change

S&P 500

3.68%

India NIFTY 50

0.89%

Hang Seng

8.05%

Size

Monthly Change

0.30 ct.

-3.33%

0.50 ct.

-0.85%

1.00 ct.

-2.59%

3.00 ct.

-2.38%

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Market Comment - May. 16, 2024

Anglo American to sell off or IPO De Beers; BHP’s $43B second offer for Anglo rejected.

Diamond market slow. India April polished exports -17% YOY to $1.2B, rough imports -19% YOY to $1.2B. Round prices falling in IF-VS1; SIs rising.

GemGenève weak, with reduced sales and attendance. Focus shifts to Las Vegas.

De Beers cuts Lightbox prices by up to 40%.

Geneva Magnificent Jewels auctions: Christie’s raises $54M, selling pear modified brilliant, 202.18 ct., fancy-intense-yellow SI1 for $6.7M ($33K/ct.); Sotheby’s totals $34M, including round-cornered square brilliant, 37.61 ct., E, IF diamond for $4.3M ($114K/ct.).

Brilliant Earth 1Q sales flat at $97M.

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