Diamond Price Changes

We would like to draw your attention to the latest price increase on "Rapaport's price list".
The latest update, last Friday (Nov.30th), is the second price increase on both lists, rounds and pears, during November.


Diamond Market Report

Slow U.S. market worries overseas dealers counting on holiday sales. Credit concerns persist.
Indian market picking up, but small and mid-size manufacturers remain closed amid liquidity concerns.
Israel dealers holding back large clean goods to encourage sale of harder-to-move lower quality goods.
Belgium police seize computers from at least four companies amid corruption allegations.
Russian Faberge diamond-encrusted Easter egg sells for $18.55M. at Christies auction.
U.S. total Cyber Monday sales +21% to $733M.
2006 U.S. men's jewelry sales growth doubles to $6B, and share in 2007 on track to reach 12% of total U.S. sales.
Shanghai diamond conference draws attention to expanding $900M Chinese direct import market.


Gold Market Rport

Gold Settles at $783oz -4.5% for the week.

Gold prices fell 1.5% Friday near $785/oz. on profit taking, a firmer dollar and $89 oil.
Gold closed in NY down $12.10 to $783.10/oz. silver fell $.25 to $13.98/oz.
Gold prices fell 4.5% this week, but ended the month down just 1%.
As of Nov 30, 2007 for the year; gold is up 23%, silver is up 10.6%, the Nasdaq is up 9.1%,
The Dow is up 6.6% and the S&P is up 4.5%. With the U.S dollar now down nearly 10% in 2007 alone, U.S. stock indexes appear to be just barely keeping pace with real world inflation.