Rapaport

𝗥𝗮𝗽𝗮𝗽𝗼𝗿𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 📢 Trump landslide victory will create unprecedented restructuring of the world order. The US economic, social and political landscape will turn 180 degrees. Everything is going to change, mostly for the better, with improved confidence and increased luxury consumer spending. Stock market rallying, dollar rising and gold price dropping. Duma Boko wins Botswana presidential election and signals warmer relations with De Beers as sales deal remains unsigned. US and India retail steady. China slow. US dealers buying less during India’s Diwali shutdown. Oct. 1 ct. RAPI -1.5% in Oct. but stabilized in second half of month. Rough demand weak at De Beers’ Nov. sight, with prices unchanged. #RapaportMarketComment

A recent online auction at Christie’s made a splash as a large proportion of lots on offer, including the entire top 10, surpassed their high estimates. Read the full article: https://ow.ly/SoUW50U25ql #Christies #LuxuryJewelryAuction

The American Gem Trade Association (AGTA) has revealed the winners of its 2024 Spectrum and Cutting Edge awards, marking the 40th anniversary of the former. Read the full article: https://ow.ly/ozmB50U2385 #AGTA #LuxuryJewelry

Graders at the Gemological Institute of America (GIA) recently came across some natural diamonds with interesting inclusions, some of which resembled animal life. Read the full article: https://ow.ly/gfv450U13VR #NaturalDiamondInclusions

Diamond prices declined in October but stabilized in the month’s second half. US buyers purchased for the holiday season ahead of India’s Diwali shutdown. However, manufacturers were under pressure to sell at deep discounts.      Read the full Press Release: https://lnkd.in/enwwRBEJ    #RapaportPressRelease 

A Cartier natural pearl necklace will be the star of an upcoming auction at Sotheby’s in Geneva, where it is expected to fetch up to CHF 300,000 ($347,513). Read the full article: https://ow.ly/fApJ50U0ajt #Cartier #Sothebys #NaturalPearls

Rapaport is taking part in the Jewellery, Gem & Technology expo (JGTD) in Dubai from November 12 - 14, 2024! Join us at the event! You can register here: https://lnkd.in/e7t34Z42 #JGTD #Dubai

De Beers slashed production in the third quarter and is considering further cuts. It’s also planning to reduce the number of sightholders from 2026. These concerning developments come ahead of the important US holiday season. Watch the full video: https://ow.ly/Zcor50TZlGe #RapaportMarketComment

When it comes to diamonds, trust International Gemological Institute - IGI’s Natural Diamond Grading Reports for clear, detailed insights on your gem’s quality. Our certified gemologists ensure that your diamond's evaluation meets the highest industry standards. As your expert partner from mine to market, IGI reporting gives clients clarity and confidence. #IGI #DiamondGrading #Diamond #Gemology #CertifiedGemologist #Diamonds

Sotheby’s is set to highlight two pieces featuring colored diamonds at its upcoming Magnificent Jewels sale in Geneva, with each expected to bring in up to CHF 1.8 million ($2.1 million). Read the full article: https://ow.ly/F4fs50TYPxR #Sothebys #ColoredDiamonds