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Rapaport TradeWire May 13, 2021
May 13, 2021 10:59 AM
By Rapaport
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| May 13, 2021 | | RAPAPORT MARKET COMMENT |  | | Diamond market restrained due to supply bottleneck as Covid-19 spike in India curbs manufacturing. Trading shifting to Antwerp and other centers. Surat production focusing on larger goods as factories struggle with absenteeism and social distancing rules. Steady interest in 1 to 2 ct., D-J, VS-SI diamonds. Good US demand; April jewelry sales +255%, Mastercard reports. China seasonally quiet. Rough market firm amid polished shortages. Alrosa April sales $401M vs. $16M a year earlier. US 1Q polished imports +21% to $4.5B, exports -3% to $3.4B. Christie’s Geneva sells $63.5M (91% by lot), with rectangular step-cut, 100.94 ct., D, IF diamond going for $14.2M ($141,000/ct.). | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.53% | 0.61% | 6.94% | | 0.50 ct | 0.37% | 0.34% | 15.35% | | 1.00 ct | 0.41% | 2.46% | 18.36% | | 3.00 ct | 0.04% | 2.17% | 11.28% |  | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | Market Reports | | |  | United States: Good demand for 1 to 3 ct., D-I, VS-SI ranges... |  |  | Belgium: Local dealers busy since India Covid-19 lockdown shifted some activity from Mumbai to Antwerp... | | |  | Israel: Fewer people in the bourse due to escalation of missile attacks on the country; trading floor closed Wednesday... | | |  | India: Steady demand and supply shortages supporting market... | | |  | Hong Kong: Local sentiment improving as infection rates drop and optimism for economy rises... | | |  | | | WEEKLY NEWS | | industry | | | | Christie’s Makes a $14M ‘Spectacle’ in Geneva | | Rectangular-cut, 100.94-carat, D-color, internally flawless diamond leads Magnificent Jewels sale. |  | | | India Warns of Impact from Proposed US Tariffs | | Asian country’s jewelry sector could lose business to rival nations, GJEPC says. | | | | | Sotheby’s Scores with Royal Tiara in Geneva | | Piece fetches $1.6 million after Instagram users “try it on” more than 22,000 times. | | | | | Antwerp Trade Seeks Stronger Ties with Angola | | “Barely 10%” of African nation’s diamonds go to Belgian market, says AWDC. | | | | | HB Antwerp and Sarine Partner on Technology | | Belgian company will use Sarine’s scanning and automated grading systems for the entire manufacturing process. | | | | | retail | | | | US Jewelry Sales Leap in April | | Revenues up 255% year on year, figures from Mastercard SpendingPulse show. | | | | | Natural-Diamond Trade Hits Back at Pandora | | Claims about benefits of lab-grown stones contained “misleading narrative,” industry groups say. | | | | | Sotheby’s Launches Retail Store in New York | | The Emporium will feature luxury items including art, fine jewelry, watches and handbags. | | | | | mining | | | | Alrosa Sales Rise as Demand Strengthens | | April revenues of $401 million were 12% higher than in March. | | | | | De Beers Names New Head of Tracr Platform | | Wes Tucker will lead phase two of the blockchain project’s development. | | | | | Lucara Sales Jump as Supply Deal Pays Off | | Miner records $38 million in first-quarter revenue from HB Antwerp agreement. | | | | | Petra Reaches $6M Settlement over Abuse Claims | | Miner acknowledges that violence occurred at Williamson, but does not admit liability. | | | | | Mountain Province Borrows $33M After Mine Shuts | | New loan to cover operating expenses following cancellation of May sale. | | | | | Gem Diamonds Unearths 370ct. Rough | | Stone is second find larger than 100 carats in a week. | | | | | Lucapa Recovers 138ct. Rough | | Stone came from high-value section of the Lulo mine in Angola. | | | | | general | | | | US Diamond Trade Reaches 22-Month High | | Polished imports more than doubled year on year in March. | | | | | Manufacturing Rebound Buoys Sarine Sales | | Equipment producer reports strong demand for mapping technology in first quarter. | | | | | Hong Kong Diamond Imports Rise Sharply | | First-quarter figures reflect comparison with onset of Covid-19 crisis. | | | | | Industry Unveils Colored-Gem Resource Platform | | Site includes free educational information on responsible sourcing, due diligence and human rights. | | | | | Rapaport Appoints Chief Marketing Officer for India | | Prashant Bhojani will oversee new value-adding services for clients. | | | | | Responsible Jewellery Council Names Trade Reps | | Group reelects Signet’s David Bouffard for another term as chair. | | | | | Diamonds Do Good Unveils Bracelet Contest | | Designers need to create a piece that defines the nonprofit organization’s mission. | | | | | Israel’s Polished Exports Soar | | Diamond trade continues recovery in April. | | | | | Diamonds Lead $2.9M Heritage Auction | | Heart-shaped, 3.55-carat, D-color stone brings in $112,500 at May 3 sale. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks fell after US data showed higher inflation in April than economists had anticipated. Signet (-8%), Macy’s (-6%), Chow Sang Sang (-4%), Walmart (-3%) and Pandora (-2%) faltered. Chow Tai Fook (+8%) was the exception. Mining shares also fared poorly, with Lucara (-6%), Mountain Province (-6%), Gem Diamonds (-2%) and Lucapa (-2%) sliding. Petra (+3%) bucked the trend. | | | | | Contact Us |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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