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Rapaport TradeWire October 21, 2021
Oct 21, 2021 11:01 AM
By Rapaport
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| October 21, 2021 | | RAPAPORT MARKET COMMENT | | | | Jewelers optimistic for the holiday season. Polished demand outpacing supply, but inventory levels rising and buyers concerned about price increases. Approximately 1.7M stones valued at $7.5B on RapNet. Supplier prices firm due to high rough costs. Strong memo sell-through. De Beers sees robust rough demand at $490M Sep. sight; 3Q production +28% to 9.2M cts., sales volume +18% to 7.8M cts. Alrosa warns of rough shortages, says 10% price hike drove 3Q revenue +59% to $938M. India Sep. rough imports +24% to $1.7B. De Beers’ Lightbox to sell loose lab-grown stones to consumers. Chow Tai Fook testing synthetics brand. Rapaport Auctions sells $8,867,863 (80% by lot and 82% by value)
| | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.26% | -1.86% | -5.74% | | 0.50 ct | -0.32% | -1.08% | -3.32% | | 1.00 ct | -0.08% | -0.46% | 13.50% | | 3.00 ct | -0.10% | -0.25% | 15.02% | | | | 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: Dealers struggling to find stock that can resell at a profit... | | | | | Belgium: Growing worries about softening Far East market... | | | | | Israel: Buyers starting to travel again, seeking diamonds in India and Hong Kong. ... | | | | | India: High rough prices limiting manufacturing levels even with Diwali break approaching (beginning Nov. 4)... | | | | | Hong Kong: Brisk trading ahead of fourth-quarter festivities and Chinese New Year... | | | | | | | Ready for the Holidays | | | | WITH THE RAPAPORT DIAMOND PODCAST | The editorial team chats with seasoned industry journalist Jennifer Heebner to reflect on the mood in the market after the recent US trade shows and ahead of the peak retail season. | | | | | Neutral ground | | | | WITH LEAH MEIROVICH | In a world where the line between male and female is increasingly blurred, jewelry marketers must learn how to speak to a gender-fluid audience. | | | | | WEEKLY NEWS | | | | | | De Beers’ Lightbox Debuts Sales of Loose Stones | | Company aims to make its products more customizable. | | | | | Chow Tai Fook Tests Lab-Grown Brand | | Cama launched recently on Tmall website, according to Chinese report. | | | | | Adobe Predicts Big Spike in Online Holiday Sales | | E-commerce purchases in US will reach record $207 billion. | | | | | US Retail Sales Jump Amid Boost from Delta Variant | | September stronger than August as shoppers spent on goods rather than services, NRF says. | | | | | Kering Boasts ‘Outstanding’ Jewelry Sales | | Owner of Boucheron and Pomellato notes strong demand in Asia. | | | | | | | | | De Beers Sales Robust Ahead of Diwali, US Holidays | | Miner sells $490 million in rough as Indian manufacturers prepare for November shutdown. | | | | | Diamond Deficit to Drive Prices, Alrosa Predicts | | Jewelry sales could exceed $90 billion this year, miner says. | | | | | Sotheby’s Crypto Sale Less Than Dazzling | | Only one of the eight lots on offer found a buyer. | | | | | HRD Antwerp Ends Partnership in Turkey, Dubai | | Mehmet Can Özdemir had managed operations since 2014. | | | | | Rough Diamond Breaks Dubai Record with $5M Sale | | 118.58-carat stone is top item at Trans Atlantic tender. | | | | | | | | | Alrosa Rough Prices Hit Three-Year High | | Index up 22% from 2020 due to supply shortages and robust demand. | | | | | De Beers Adjusts Production Outlook Again | | Full-year output will be at lower end of previous plan, company estimates. | | | | | Lower Grades Dent Rio Tinto Production | | Output from Diavik mine falls 17% in third quarter. | | | | | Letšeng Yields Two Diamonds over 100ct. | | Gem Diamonds recovers high-quality rough stones weighing 245 and 102 carats at Lesotho mine. | | | | | Mountain Province Output Slips in Third Quarter | | Production drops 13% year on year due to lower-grade material. | | | | | | | | | 74ct. Diamond to Headline Christie’s Hong Kong | | Snowdrop necklace could fetch up to $7 million at Magnificent Jewels auction. | | | | | Smuggled Romanov Jewels Lead Sotheby’s Geneva | | Brooch and ear clips carry high estimate of $500,000. | | | | | Lorraine Schwartz Designer Program Expands | | Natural Diamond Council announces second round of participants and unveils jewels from first cycle. | | | | | US, Hong Kong Buoy Swiss Watch Exports | | Shipments up 3.1% in September. | | | | | Hong Kong Trading Continues to Recover | | Second-quarter polished imports jumped 68%. | | | | | | 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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