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Rapaport TradeWire January 27, 2022

Jan 27, 2022 10:30 AM   By Rapaport
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January 27, 2022
RAPAPORT MARKET COMMENT
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Positive market mood tempered by geopolitical tensions, stock-market volatility and continued Omicron spread. Dealers cautious about price levels despite good demand and shortages of 3X stones. Easier to sell than to buy. Rough trading steady amid low supply. Alrosa Jan. prices +5% to +7%; 2021 price index +33%, rough sales +50% to $4B, sales volume +27% to 45.5M cts. De Beers 2021 sales volume +60% to 36.3M cts., production +29% to 32.3M cts., average price +10% to $146/ct. Mid-tier miners Grib and Mountain Province see strong Jan. gains. High-end jewelry doing well. Swatch 2021 revenue +31% to $7.9B. Industry mourns passing of celebrated diamantaire Johnny Kneller.

RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct
0.31%
1.13%
-0.31%
0.50 ct
1.98%
3.07%
5.10%
1.00 ct
5.12%
6.65%
25.66%
3.00 ct
4.49%
6.81%
24.87%
RAPI Graph
Market Reports
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United States: Fancy shapes selling well as dealers seek alternatives to expensive rounds...
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Belgium: Steady market for and scarcity of nice, commercial-quality, 3X goods...
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Israel: Buyers looking for goods but wary of purchasing at current price levels...
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India: US orders supporting market as lunar festival break begins in greater China...
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Hong Kong: Local Hong Kong store sales weak as government tightens Covid-19 restrictions...
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The Rapaport Diamond Podcast: Episode 56
WITH SPECIAL GUEST IRIS VAN DER VEKEN

Steering the jewelry industry’s strategy on sustainability is a daunting but vital task in ensuring its survival. Rapaport’s Avi Krawitz speaks to Iris Van der Veken, executive director of the Responsible Jewellery Council (RJC), about the organization’s strategy and campaigns.

In Search of the Perfect Match
WITH JOSHUA FREEDMAN

Getting the right rough to meet polished demand is a challenge. A Canadian cutting firm created the Clara platform to tackle it.

UPS AND DOWNS
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WEEKLY NEWS
industry
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De Beers Lifts Production in Strong Rough Market
Fourth-quarter output up 15%; sales rise 12%.
Influential Large-Stone Expert Johnny Kneller Dies
Safdico partner handled some of the world’s most famous diamonds.
Rough Prices Skyrocket at Grib Antwerp Auction
Figure was more than 50% higher than at September sale.
retail
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Retailers Brace for Jump in Product Returns
Having consumers back inside stores presents opportunity as well as cost, says NRF.
Kering to Sell Its Two Luxury Watch Brands
Managers of Girard-Perregaux and Ulysse Nardin will buy out the businesses.
Swatch Group Rebounds Amid Luxury Recovery
Full-year revenue up 31% at owner of Omega and Harry Winston.
mining
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Alrosa Sales Reach Three-Year High
Strong demand and supply shortages boost 2021 results.
Mountain Province Plans to Raise Production
Operations continue despite Covid-19 outbreak at Gahcho Kué mine.
Renard’s Average Price Soars in Fourth Quarter
Figure up 54% year on year.
general
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Diamonds Head to Christie’s Sale Without Reserve
Online auction features more than 150 lots with no minimum price.
Boucheron, Sarine Partner on Traceability Report
Co-branded certificate shows diamonds’ origins and 4Cs.
Swiss Watch Exports Clock Highest Annual Result
Full-year shipments for 2021 total $24.24 billion.
Angola Picks Trans Atlantic to Oversee Tenders
Sodiam also names First Element to carry out diamond boiling.
Sotheby’s Switches Up Asia Luxury Team
Auction house appoints three senior executives in jewelry and watch departments.
Mountain Province Adds to Executive Staff
Company hires new chief financial officer, sustainability officer and technical officer.
IGI Grades Record Blue Lab-Grown Diamond
UK-based Meylor Global creates stone weighing 150.42 carats, as well as a 141.58-carat grey.
WJA Refreshes Its Board, Executive Committee
Susan Chandler takes over as president for 2022 and 2023.
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