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Rapaport TradeWire May 13, 2021

May 13, 2021 10:59 AM   By Rapaport
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Ig Tw Banner Diamond And Jewelry Garding 25 April 2021
Rapaport TradeWire
May 13, 2021

Diamond market restrained due to supply bottleneck as Covid-19 spike in India curbs manufacturing. Trading shifting to Antwerp and other centers. Surat production focusing on larger goods as factories struggle with absenteeism and social distancing rules. Steady interest in 1 to 2 ct., D-J, VS-SI diamonds. Good US demand; April jewelry sales +255%, Mastercard reports. China seasonally quiet. Rough market firm amid polished shortages. Alrosa April sales $401M vs. $16M a year earlier. US 1Q polished imports +21% to $4.5B, exports -3% to $3.4B. Christie’s Geneva sells $63.5M (91% by lot), with rectangular step-cut, 100.94 ct., D, IF diamond going for $14.2M ($141,000/ct.). 

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Weekly Monthly Y2Y
0.30 ct 0.53% 0.61% 6.94%
0.50 ct 0.37% 0.34% 15.35%
1.00 ct 0.41% 2.46% 18.36%
3.00 ct 0.04% 2.17% 11.28%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Good demand for 1 to 3 ct., D-I, VS-SI ranges...
Belgium: Local dealers busy since India Covid-19 lockdown shifted some activity from Mumbai to Antwerp...
Israel: Fewer people in the bourse due to escalation of missile attacks on the country; trading floor closed Wednesday...
India: Steady demand and supply shortages supporting market...
Hong Kong: Local sentiment improving as infection rates drop and optimism for economy rises...
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Jewelry Auction 052421
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Christie’s Makes a $14M ‘Spectacle’ in Geneva
Rectangular-cut, 100.94-carat, D-color, internally flawless diamond leads Magnificent Jewels sale.
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India Warns of Impact from Proposed US Tariffs
Asian country’s jewelry sector could lose business to rival nations, GJEPC says.
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Sotheby’s Scores with Royal Tiara in Geneva
Piece fetches $1.6 million after Instagram users “try it on” more than 22,000 times.
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Antwerp Trade Seeks Stronger Ties with Angola
“Barely 10%” of African nation’s diamonds go to Belgian market, says AWDC.
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HB Antwerp and Sarine Partner on Technology
Belgian company will use Sarine’s scanning and automated grading systems for the entire manufacturing process.
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US Jewelry Sales Leap in April
Revenues up 255% year on year, figures from Mastercard SpendingPulse show.
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Natural-Diamond Trade Hits Back at Pandora
Claims about benefits of lab-grown stones contained “misleading narrative,” industry groups say.
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Sotheby’s Launches Retail Store in New York
The Emporium will feature luxury items including art, fine jewelry, watches and handbags.
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Alrosa Sales Rise as Demand Strengthens
April revenues of $401 million were 12% higher than in March.
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De Beers Names New Head of Tracr Platform
Wes Tucker will lead phase two of the blockchain project’s development.
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Lucara Sales Jump as Supply Deal Pays Off
Miner records $38 million in first-quarter revenue from HB Antwerp agreement.
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Petra Reaches $6M Settlement over Abuse Claims
Miner acknowledges that violence occurred at Williamson, but does not admit liability.
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Mountain Province Borrows $33M After Mine Shuts
New loan to cover operating expenses following cancellation of May sale.
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Gem Diamonds Unearths 370ct. Rough
Stone is second find larger than 100 carats in a week.
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Lucapa Recovers 138ct. Rough
Stone came from high-value section of the Lulo mine in Angola.
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US Diamond Trade Reaches 22-Month High
Polished imports more than doubled year on year in March.
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Manufacturing Rebound Buoys Sarine Sales
Equipment producer reports strong demand for mapping technology in first quarter.
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Hong Kong Diamond Imports Rise Sharply
First-quarter figures reflect comparison with onset of Covid-19 crisis.
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Industry Unveils Colored-Gem Resource Platform
Site includes free educational information on responsible sourcing, due diligence and human rights.
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Rapaport Appoints Chief Marketing Officer for India
Prashant Bhojani will oversee new value-adding services for clients.
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Responsible Jewellery Council Names Trade Reps
Group reelects Signet’s David Bouffard for another term as chair.
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Diamonds Do Good Unveils Bracelet Contest
Designers need to create a piece that defines the nonprofit organization’s mission.
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Israel’s Polished Exports Soar
Diamond trade continues recovery in April.
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Diamonds Lead $2.9M Heritage Auction
Heart-shaped, 3.55-carat, D-color stone brings in $112,500 at May 3 sale.
600X160 Rapmag
Diamond Industry Stock Report

Global retail stocks fell after US data showed higher inflation in April than economists had anticipated. Signet (-8%), Macy’s (-6%), Chow Sang Sang (-4%), Walmart (-3%) and Pandora (-2%) faltered. Chow Tai Fook (+8%) was the exception. Mining shares also fared poorly, with Lucara (-6%), Mountain Province (-6%), Gem Diamonds (-2%) and Lucapa (-2%) sliding. Petra (+3%) bucked the trend. 

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