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Rapaport TradeWire May 20, 2021

May 20, 2021 10:56 AM   By Rapaport
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Rapaport TradeWire
May 20, 2021
RAPAPORT MARKET COMMENT
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Diamond market seasonally slow. US and China retail recovery driving demand. Multi-channel offerings stimulating growth as consumers return to stores. Polished inventory declining due to India supply constraints. Shortages supporting prices. Rough market stable after smaller De Beers May sight valued at $380M. Alrosa 1Q revenue +44% to $1.2B, profit up nearly eightfold to $326M. Hong Kong 1Q polished imports +47% to $3.4B, polished exports +56% to $3.3B. GIA notes rise in lab-grown stones with counterfeit inscriptions passing as natural. Chow Tai Fook and Natural Diamond Council launch campaign to reach young Chinese consumers. 

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.02% 0.72% 6.35%
0.50 ct 0.27% 0.89% 15.02%
1.00 ct 0.16% 2.52% 18.65%
3.00 ct 0.30% 1.41% 11.98%
RAPI Yearly Graph
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Market Reports
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United States: Steady memo orders, particularly for bridal collections...
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Belgium: Suppliers holding prices firm amid shortages...
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Israel: Bourse activity quiet as missile attacks on the country continue...
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India: Cutters focusing on 1 ct. goods and larger...
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Hong Kong: Growing demand for lower-color diamonds (H and below)...
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UPS AND DOWNS
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Final Suspect Detained in Green Vault Jewel Heist
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Anjin Plans to Ramp Up Diamond Production in Zimbabwe
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Trader Accused of Laundering Money with Diamonds
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DR Congo’s Diamond Hub Loses Luster as Hardship Bites
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Tw Banner May Melee 2021
WEEKLY NEWS
industry
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GIA Sees Spike in Synthetics Fraud
Organization notes increase in submissions of lab-grown stones bearing natural-diamond report numbers.
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Natural Diamond Council Seals China Partnership
Trade group teams up with Chow Tai Fook to promote mined stones among younger shoppers.
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Christie’s to Offer 204ct. Yellow in New York
Dancing Sun expected to fetch up to $5.5 million at Magnificent Jewels sale.
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Lab Spots Synthetic Ruby Necklace Sold as Natural
Piece contained 50 stones that turned out to be man-made, GGTL says.
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RJC Joins United Nations Sustainability Platform
Global forum aims to bring businesses in line with 17 development goals.
retail
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US Retail Sales Sluggish Without Stimulus Spark
Revenue for April unchanged from March, according to Census Bureau.
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Forevermark to Rebrand with De Beers Name
Retail chain will become De Beers Forevermark across all channels.
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Macy’s Says Jewelry Attracting Younger Customers
Category among top sellers during first fiscal quarter, department-store chain reports.
mining
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Argyle Pink Tender Takes Its Final Bow
Last sale will feature record number of diamonds over 1 carat.
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De Beers Sales Stall Amid India Slowdown
Covid-19 crisis dampens demand at May sight.
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Alrosa Profit Bounces Back
First-quarter sales jump as diamond market recovers.
general
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8ct. Diamond Ring Beats Estimate at Bonhams
Piece brings in $500,313 at New York Jewels sale.
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Plumb Club Expands Member Roster
Organization welcomes manufacturer Cynergy Trading Corp. and lab-grown company Evolution Diamond.
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GIA Offers Grant for Diamond Council Graduates
Scholarships will fund courses on topics such as jewelry, diamond grading and gemstones.
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FINANCE
Diamond Industry Stock Report
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Global stocks rebounded following last week’s declines. Luk Fook (+5%), Walmart (+4%), Pandora (+2%), Kering (+2%) and Signet (+1%) all rose. Macy’s (+15%) surged following better-than-expected results and an increase in its sales guidance. Miners were a mixed bag, with Lucara (-6%), Rio Tinto (-6%), Anglo American (-5%) and Lucapa (-2%) falling, while Gem Diamonds (+2%), Mountain Province (+2%) and Alrosa (+2%) gained.

Tw Square May Melee 2021
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