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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
RAPAPORT MARKET COMMENT
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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.‎

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RAPNET DIAMOND INDEX (RAPI)
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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
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
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United States: Virtual customer engagement and social media marketing key elements this shopping season...
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Belgium: Very little trading; bourses closed until January 3...
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Israel: Dealers waiting for memo returns to assess inventory needs...
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India: Manufacturers raising polished production ahead of anticipated 1Q sales...
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Hong Kong: Rising expectations for release of pent-up demand during February 12 lunar festival...
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UPS AND DOWNS
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India Diamond Hub Abuzz After Long Lull
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Jewelers End Year with a Joyous Jump in Sales
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NY Wholesaler Pleads Guilty to $200M Ponzi Scheme
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Most Vulnerable Retailers in 2021 as Pandemic Continues
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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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.
retail
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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.
mining
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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.
general
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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
FINANCE
Diamond Industry Stock Report
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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.

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