Rapaport Warning to the Diamond and Jewelry Trade
9 videos • 112 views • by Rapaport The situation in the diamond markets is serious. The real diamond market is shrinking. De Beers revenue has already fallen by 29% in the first half of 2023 from its peak of $6.6 Billion in 2022. Diamond Prices since March 2022 have been in steady decline with one caraters falling by an average of 35% (range -26% to -47%). It is likely that this downward trend will continue. In this webinar, Martin Rapaport goes through a thorough analysis and discussion surrounding the future of real diamonds. Topics discussed include: What should a jeweler, dealer, manufacturer and miner do to prosper in the years ahead? What long term impact will synthetics have on real diamonds? Questions from attendees on what to expect and how to prepare for the future of the diamond and jewelry markets in light of synthetic diamonds and vague sanctions.