Rapaport

Diamond prices declined in June as sales dropped and inventories grew. Indian manufacturers reduced production, but sales fell at a sharper rate due to weak demand. This led to an oversupply and pressure to sell. Read more: #linkinbio

New York-based jeweler Jeff Loots came on the Rapaport Diamond Podcast to give an assessment of the US wholesale market and the latest trends. Listen to the full podcast here: #linkinbio

Young Indian consumers are showing greater interest in diamond jewelry and moving away from gold, according to Boston Consulting Group. Chinese shoppers are going in the opposite direction. What’s driving these trends? Rapaport Senior Analyst Joshua Freedman reports. Watch here: #linkinbio #RapaportMarketComment

Tourism could be central to the country’s post-mining plans, says Debswana executive. Prince Prince Harry famously vacationed with Meghan Markle in the southern African country, while Kardashian has visited the Jwaneng diamond mine. The latter might not have been the most glamorous place in which the celebrity has set foot: Jwaneng, like most diamond mines, is a massive pit in the ground. Read more: #linkinbio

Proceeds at De Beers’ fifth rough-sales cycle of the year continued to fall amid economic challenges in China and the start of a traditionally slow period for the industry. Read more: #linkinbio

The European Union has extended the “sunrise period” for sanctions on Russian diamonds by six months and added an important concession for goods that predate the rules. The extension’s purpose is “to allow more time to set up the G7 traceability scheme Read more: #linkinbio

During the annual Rapaport Breakfast at JCK, Martin Rapaport addressed a packed audience on the critical issues facing the diamond industry, with a focus on ethical sourcing and consumer education. Watch the full recording here: #linkinbio

Jewelry was one of the best-performing categories within the luxury sector between the end of 2023 and the first quarter of this year, proving popular with buyers at both the upper and lower ends of the segment. Read more here: #linkinbio

Rapaport Senior Analyst Joshua Freedman visited three luxury jewelry stores in Las Vegas to test out the consumer experience. How did the salespeople respond to questions about diamonds? Watch here: #linkinbio #RapaportMarketComment

One of the ongoing questions in the diamond industry is whether shoppers care about the source of the stones they buy. Read more here: #linkinbio

Jewelers of America (JA) and key industry figures met with lawmakers in Washington, DC, last week to express their concerns about plans for sanctions on Russian diamonds. Read more here: #linkinbio

June’s GemTalks Session is Coming Soon! Join us on June 25th at 10 a.m. EDT for GemTalks LIVE! Tom Moses, GIA EVP (@giagrams ) and Chief Laboratory and Research Officer, will delve into the causes of color in natural and lab-grown diamonds. Discover how GIA’s decades of research help determine diamond color origins. Don’t miss out on this enlightening session! 📅 Date: June 25 🕙 Time: 10:00 am EDT 📍 Location: LinkedIn LIVE Register now! #linkinbio #GemTalks #GIA #Diamonds #DiamondColor #GIAResearch #GemstoneKnowledge