Will the Rapp Change Pre & Post JCK Las Vegas?
Despite sluggish demand, some categories are in short supply, especially in gem-quality goods. While it may be tempting for Mr. Rapaport to lower prices, which will affect market sentiment and could further hurt the lab-grown diamonds market, which already trades at an all-time discount to the Rapaport list. 🔹
It may be time for lab-grown diamonds to stand on their own feet and create a different price structure that is more relevant to consumers and the trade alike.
Additionally, hanging in the air is Anglo American's separation plan from De Beers. If De Beers end up with a powerful industry players that self-consume desired diamonds 💎 , it may signal the end of the sight-holders era, leading to a massive shortage of gem-quality goods. Only time will tell how these changes will shape the future of our industry.
#diamonds #debeers #rappaport #naturaldiamonds #labgrowndiamknds #anglo #shimansky #JCKLasVegas
🥳It was wonderful having you at SIAL Shanghai 2024! 🤩Looking forward to seeing you at SIAL in SouthChina (Shenzhen) from September 2-4, 2024. 🤝Stay tuned with us for updates on SIAL events in China throughout the year!