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Rapaport TradeWire January 21, 2021
Jan 21, 2021 10:49 AM
By Rapaport
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| January 21, 2021 | | RAPAPORT MARKET COMMENT |  | | Optimism fueled by upbeat US demand and rising expectations for Feb. 12 Chinese New Year. Polished scarcities supporting prices. Rough market robust as De Beers raises prices by estimated 5%, Alrosa by 7%. Cutters increasing production after buying high volume of rough. Alrosa 4Q sales volume +107% to 17M cts. De Beers cuts sightholder list for new contract period, prioritizes clients with factories in Africa. Petra Diamonds Jan. prices +8% to pre-pandemic levels. Luk Fook FY3Q China same-store sales +4%, Hong Kong/Macau -35%. Richemont FY3Q jewelry sales +9%. Martin Rapaport webinar presentation “Surfing Waves of Change” to take place on Feb. 4. Register here. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -1.25% | -1.27% | -0.92% | | 0.50 ct | -1.08% | -0.15% | 9.27% | | 1.00 ct | -0.35% | 1.90% | 5.23% | | 3.00 ct | 1.06% | 3.13% | 5.51% |  | | 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: Mid- to high-end jewelers doing well. Small independents with no digital presence struggling... |  |  | Belgium: European specialist watch retailers saw strong sales of mid-range timepieces this season, which may stimulate appetite for top-quality melee... | | |  | Israel: Dealers seeing sporadic demand and focusing on maintaining relationships with US clients in online environment... | | |  | India: Manufacturers buying large amounts of rough and raising production to fill polished scarcities... | | |  | Hong Kong: Wholesale market slowing down as retailers complete orders for Chinese New Year... | | |  | | | Webinar: Surfing Waves of Change |  | | WITH Martin Rapaport | As the world emerges from a period of unprecedented uncertainty, Martin Rapaport will analyze the specific trends taking shape and their impact on the diamond and jewelry industry. You are invited to register now for this Rapaport webinar, which will take place on Thursday, February 4.
|  | | | Digital or Bust? |  | | WITH The Rapaport Diamond Podcast | The first episode of Rapaport’s new podcast series, “Technology and the Diamond Trade,” features a lively and insightful discussion on the importance of building an effective online strategy. |  | | | How to sell on Instagram |  | | WITH Jewelry Connoisseur by Rapaport | The popular app’s storytelling and shopping features are powerful tools for turning pictures of your products into profits, says New Delhi-based jewelry specialist Preeta Agarwal. |  | | | WEEKLY NEWS | | industry | | | | De Beers and Alrosa Raise Rough Prices | | Demand strong amid post-holiday restocking and Chinese New Year preparations. |  | | | Jewelry Industry Fares Well Overall on Racial Justice | | Some 66% of employees said the trade was at least as good as other industries in supporting Black workers, survey finds. | | | | | IGI Lab-Grown Reports to Indicate Treatments | | Documents will also specify the growth process for CVD and HPHT diamonds. | | | | | GSI Now Testing for Undisclosed Natural Diamonds | | Mixing of mined stones into lab-grown jewelry is increasingly common, organization says. | | | | | Rapaport Publishes Diamond Price Statistics Review | | Report charts 40 years of polished data. | | | | | retail | | | | US Holiday Sales Outstrip Expectations – NRF | | Shoppers spent $789.4 billion, up 8.3% year on year. | | | | | Resurgent Jewelry Sales Lift Richemont | | Category rises 9% to EUR 2.37 billion in three months ending December 31. | | | | | Mainland Recovery Can’t Save Luk Fook Sales | | Overall revenue slumps 29% in third fiscal quarter. | | | | | Canada Lockdown Weighs on Michael Hill | | Group closed 46 locations in the country during November and December. | | | | | mining | | | | De Beers Cuts Clients, Keeps More Goods in Africa | | Miner trims sightholder list in revamp of rough-selling system. | | | | | Alrosa Sales Surge in Final Months of Year | | Rough trading quickens amid strong retail demand and return of Indian manufacturing. | | | | | Petra Rough Prices Rise to Pre-Pandemic Levels | | Figure climbs 8% on a like-for-like basis at January tender. | | | | | Rio Tinto Output Falls Amid Argyle Closure | | Production at Australian mine down 16% in 2020. | | | | | Karowe Yields First Large Diamond of 2021 | | 341-carat rough came from lucrative south lobe of the Lucara-owned mine. | | | | | NGO Warns Petra Lenders About Abuse Claims | | Rights and Accountability in Development urges debt holders to review relationships with the miner. | | | | | general | | | | Quartet Teams Up to Verify 30-Carat Diamond | | Everledger, Hari Krishna Exports, Lucara and GIA trace stone’s Botswana origin. | | | | | Diamonds in Demand Among Millennials, Gen Z | | Product is second only to vacations, Natural Diamond Council survey finds. | | | | | American Gem Society Announces 2021 Conclave | | Event will take place in Dallas, Texas, in September. | | | | | Women’s Jewelry Association Names New President | | Susan Chandler is chief merchandising officer at Citizen Watch America. | | | | | Alrosa US Chief to Head Diamonds Do Good | | Rebecca Foerster succeeds Anna Martin as organization’s president. | | | | | India Polished Exports Drop 31% in 2020 | | Fourth-quarter recovery not enough to offset slump earlier in the year. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks declined following lower-than-expected December retail sales in the US. Signet (-7%), Macy’s (-6%), Chow Tai Fook (-3%) and Kering (-3%) all fell. Mining shares fared better, with Lucara (+13%), Gem Diamonds (+10%) and Mountain Province (+6%) rising. | | | | | 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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