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Rapaport Weekly Market Comment
Sentiment upbeat after strong start to holiday season. Jewelry sales +78% over Thanksgiving weekend, Mastercard SpendingPulse
News Dec 02, 2021 Rapaport News
Diavik 140
Diavik Faces Charges over Alleged Safety Violations
A government safety commission in Canada’s Northwest Territories has filed charges against Diavik Diamond Mines following an incident
News Dec 02, 2021 Rapaport News
Jared e-commerce Signet
Signet Ups Sales Outlook for Fifth Time
Signet Jewelers has increased its full-year forecast yet again following strong sales in the third fiscal
News Dec 02, 2021 Rapaport News
Luk Fook 140
Luk Fook Revenue, Profit Bounce Back
Luk Fook’s revenue and profit surged in the first fiscal half amid a recovery in Hong Kong and
News Dec 02, 2021 Rapaport News
Plumb Club 140
Plumb Club Adds New Category to Member Roster
The Plumb Club has opened up membership to companies that provide services to the jewelry and watch industry,
News Dec 02, 2021 Rapaport News
Anglo American and De Beers Group signage, De Beer
De Beers Owner Plans Global Vaccine Mandate
Anglo American, De Beers’ parent company, is preparing to introduce a Covid-19 vaccine mandate across its operations in an effort to combat
News Dec 02, 2021 Rapaport News
Alrosa Catoca mine 600
Endiama to Boost Production Ahead of IPO
Endiama, Angola’s state-owned diamond miner, is aiming for annual production of 20 million carats in the next five years
News Dec 02, 2021 Avi Krawitz
ACDC Ekati 140
Ekati Owner Sees Underwater Mining as Site’s Future
Arctic Canadian Diamond Company is working on technology that will enable it to begin underwater remote mining (URM) in an effort
News Dec 01, 2021 Leah Meirovich
NRF holiday 140
Thanksgiving Weekend Spending Drops
Average consumer spending fell 3% over the five-day Thanksgiving weekend as many Americans had already completed much
News Dec 01, 2021 Rapaport News
Murowa mine
Output Slumps at Zimbabwe’s Murowa Mine
Diamond production at the RZM Murowa mine in Zimbabwe fell 43% year on year in the third quarter as operations
News Dec 01, 2021 Rapaport News
Podcast July 2021
Podcast: Behind De Beers’ Strategy
The digital drive influencing the diamond industry is only going to intensify, stressed Neil Ventura, the company’s
News Nov 30, 2021 Rapaport News
Adobe Cyber Monday 140
Cyber Monday Sales Fall Short of Forecasts
US consumer spending missed expectations on Cyber Monday as supply issues disrupted purchasing patterns and limited retailers’ discounts,
News Nov 30, 2021 Rapaport News
Polished diamonds AWDC
Belgium Diamond Shipments Increase Sharply
Belgium’s polished-diamond exports jumped 50% year on year to $941 million in October, the highest since May 2019,
News Nov 30, 2021 Rapaport News
India BDB 150
India’s Polished Exports Hit Four-Year High
India’s polished-diamond exports jumped 45% year on year to $2.56 billion in October, the highest since September 2017,
News Nov 30, 2021 Rapaport News
Hong Kong jewelry store
Hong Kong Retail Reaches Pre-Pandemic Levels
Hard-luxury sales in Hong Kong have reached their highest level since before the Covid-19 crash as consumer
News Nov 30, 2021 Rapaport News
Mastercard holiday credit Shutterstock 140
Jewelry Leads US Holiday Weekend Spending
Spending in the US increased 14% year on year over the Thanksgiving weekend, driven by a surge in sales of jewelry and
News Nov 30, 2021 Rapaport News
New York Diamond District 150
US Polished Imports See Gentler Rise
US polished-diamond imports climbed 7% year on year to $1.43 billion in September, a slimmer increase than in the last few months,
News Nov 30, 2021 Rapaport News
India Gate, New Delhi
US Abandons Proposed Tariffs on Indian Goods
The US has dropped plans to impose duties on certain jewelry items from India after the two countries
News Nov 29, 2021 Rapaport News
Chow Tai Fook store in Hong Kong
Chow Tai Fook Invests in Diamond Marking Firm
Chow Tai Fook has agreed to buy a minority stake in New Cutting Edge, a creator of nano-marking and other
News Nov 29, 2021 Rapaport News
Christies blue diamond earrings 140
Blue Diamond Earrings Fetch $7M at Hong Kong Sale
A pair of blue diamond earrings was the star performer at the most recent Christie’s jewelry auction in Hong
News Nov 29, 2021 Rapaport News
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Weekly Market Comment

Sentiment upbeat after strong start to holiday season. Jewelry sales

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