Morning Bites (part 3)

💎Rapaport's rough diamond price index showed a slight recovery in November. In particular, the 1ct index rose 0.8% last month, while the smaller 0.3ct and 0.5ct categories saw increases of 0.3% and 1.2%, respectively. This marked the first positive index dynamics since 1H22, although prices remain at subdued levels (up to -27% YTD, per the Rapaport data). According to the agency, US pre-holiday purchases added some optimism to the market, though buyers’ preferences currently tend to low-budget items. Overall, looming improvements in consumer sentiment (the US accounts for 53% of the global gem-set jewellery trade) might provide some support for the stressed diamond market, we believe

#diamonds
https://metals-wire.com/sector/Diamonds