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Rapaport TradeWire December 31, 2020

Dec 31, 2020 11:00 AM   By Rapaport
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Rapnet Holidays
Rapaport TradeWire
December 31, 2020

Sentiment mixed as Mastercard reports holiday jewelry sales -4.3%, online +45%; general retail +3% driven by +49% growth in e-commerce. Diamond markets quiet due to end-of-year break. Diamantaires expect steady post-season demand. Manufacturers raising production after inventory levels declined in 2H. Focus on Chinese New Year orders leading to improvement in 0.30 to 0.89 ct., F-H, VS. Safdico buys 6% stake in Lucapa Diamond Company for $2.1M and signs deal to purchase all production from Mothae mine. Bharat Diamond Bourse overturns ban on synthetics; GJEPC adds lab-grown membership category. Rapaport wishes everyone a happy, healthy, ‎prosperous and peaceful New Year.‎

2010 Ar Tc Rap 600X160 03
Weekly Monthly Y2Y
0.30 ct -0.92% 0.49% 0.34%
0.50 ct 1.48% 0.86% 12.23%
1.00 ct 2.05% 2.28% 5.69%
3.00 ct 2.60% 2.94% 3.59%
RAPI Yearly Graph
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Market Reports
United States: Virtual customer engagement and social media marketing key elements this shopping season...
Belgium: Very little trading; bourses closed until January 3...
Israel: Dealers waiting for memo returns to assess inventory needs...
India: Manufacturers raising polished production ahead of anticipated 1Q sales...
Hong Kong: Rising expectations for release of pent-up demand during February 12 lunar festival...
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The Most Buzzworthy Diamonds of 2020
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A look back at the most important diamonds of the year, from the biggest mined stones to the ones that achieved the highest prices at auction.

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WITH Sonia Esther Soltani

Bold designs, unconventional shapes and big white diamonds were popular this year with the 80,000 Instagram users that follow Rapaport’s Jewelry Connoisseur page.

India Diamond Hub Abuzz After Long Lull
Jewelers End Year with a Joyous Jump in Sales
NY Wholesaler Pleads Guilty to $200M Ponzi Scheme
Most Vulnerable Retailers in 2021 as Pandemic Continues
Trade Wire 600X160 April 2018
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The Top 10 Stories of 2020
Covid-19 crisis dominates list of the year’s most-read items.
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Bharat Diamond Bourse Votes to Allow Synthetics
Management to draw up guidelines for lab-grown trading.
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Wedding Industry Takes Hit During Pandemic
Average spend down 20% in 2020, Wedding Report says.
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Major India Trade Body Adds Lab-Grown Membership
New category will help sector expand, claims Gem & Jewellery Export Promotion Council.
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US Holiday Jewelry Sales Slide
Revenue down 4.3% for period from October 11 to December 24, according to Mastercard SpendingPulse.
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Independent Jewelers Report Strong Bridal Sales
Engagements are up and couples have more disposable income, retailers say.
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Tiffany Shareholders Back LVMH Takeover
French luxury giant expects deal to close January 7, 2021.
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Pandora’s 2020 Results to Beat Forecast
Danish jeweler projects slimmer sales decline than it anticipated.
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Graff Unit Purchases Shares in Lucapa
Safdico will also buy 100% of rough from miner’s Mothae deposit in Lesotho.
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Top Miners Release Dates of 2021 Rough Sales
First De Beers sight of the year begins January 18.
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Alrosa Joins Shanghai Bourse to Up China Presence
Move will help company trade in rough and polished diamonds on the mainland.
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Year in Review: Diamond Trading During Covid-19
Roundup of Rapaport Weekly Market Comments from 2020.
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Online Innovation Propels 2020 Auction Sales
Digital business supports Christie’s, Sotheby’s and Bonhams during difficult year.
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India Trade Increasingly Adopting Digital Channels
Proportion of small gem-and-jewelry businesses with online sales capabilities more than quadrupled during pandemic, according to Crisil Ratings.
Gia Tw Banner Id100 11 June 20
Diamond Industry Stock Report

Global retail stocks rose following the approval of a second US stimulus package and the start of coronavirus vaccinations. Macy’s (+8%), Kering (+8%), Pandora (+4%), LVMH (+3%) and Signet (+3%) all gained. Mining stocks were mixed, with Lucapa (+4%) and Alrosa (+2%) climbing, while Mountain Province (-6%) and Gem Diamonds (-6%) fell.

Tw Square Jewelry Catalog 123020
Tw Square January 2021 Combo
Rnshort Supply 101520 Ban 300X300 Static V3C
Rninst Inv Banner More Customers 100120 Static 300X300
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