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Rapaport TradeWire September 17, 2020

Sep 17, 2020 10:29 AM   By Rapaport
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Rapaport TradeWire
September 17, 2020
RAPAPORT MARKET COMMENT
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Rising expectations for holiday season. Deloitte predicts 1.5% growth in US retail sales, driven by 25%-35% spike in e-commerce. Jewelers with strong online and social media presence doing well; others struggling. Trading momentum slowed since reopening, with dealers cautious as global Covid-19 cases increase. 5 ct., D, IF strong due to scarcity, fewer suppliers, and demand from wealthy consumers. HB Antwerp buys AMC Belgium factory. Natural Diamond Council unveils actress Ana de Armas as face of exciting new advertising campaign. Israel and Dubai diamond exchanges sign cooperation agreement. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year.

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RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.50% 6.33% 14.30%
0.50 ct 0.43% 6.45% 15.25%
1.00 ct 0.35% 3.29% 0.81%
3.00 ct -0.08% 1.11% -4.87%
RAPI Yearly Graph
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Market Reports
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United States: High-end jewelers seeing steady interest in special, unique pieces from wealthy clients...
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Belgium: Focus on online trading during virtual show hosted by Antwerp World Diamond Centre and Israel Diamond Institute...
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Israel: Shift to lower-quality goods, with dealers able to reduce inventory that was previously difficult to sell...
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India: Surat polishing factories operating at estimated 60% of capacity...
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Hong Kong: Brands enhancing their presence in mainland China rather than Hong Kong...
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Amipi Rapnet Tradewire
HB Antwerp Aims to Shake Up Large-Stone Market
WITH Joshua Freedman

The company has quickly emerged as one of Belgium’s most prominent diamond manufacturers, and now plans to improve the industry’s efficiency, says CEO Oded Mansori.

How to sell estate jewelry online
WITH Jewelry Connoisseur by Rapaport

E-commerce expert Kate Karlsen of jeweler A. Brandt + Son offers tips for making the most of digital resources.

UPS AND DOWNS
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Diamond Cutting and Polishing Picks Up in India
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China’s Economy Shrugs Off Global Retail Slump
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Many Jewelers Have Not Attended Virtual Shows This Year
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Celebrity Jeweler Guilty for Role in $12M Caper
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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Bond Actress Revealed as New Face of Diamonds
Ana de Armas to headline Natural Diamond Council campaign.
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WFDB Elects Yoram Dvash as President
Israel Diamond Exchange head to serve three-year term.
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HB Antwerp Buys Sightholder’s Cutting Factory
Acquisition of AMC facility adds 13 employees to the growing company.
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De Beers August Rough Sales Rise to $320M
Easing of Covid-19 restrictions leads to 11% year-on-year growth.
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Israel, Dubai Diamond Sectors Sign Trade Deal
Bourses to open representative offices and work to promote business.
retail
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US Retail Sales Continue Rebound in August
Revenue up 2.6% year on year, but growth slower than July.
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LVMH and Tiffany Lock Horns over Trial Timing
French luxury group files opposition to US jeweler’s plan for speedy proceedings.
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Deloitte Predicts Rise in US Holiday Sales
Online purchasing will grow 25% to 35%, consulting firm says.
mining
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Petra Recovers High-Quality Blue Diamonds
Cullinan mine produces five stones between 9.61 and 25.75 carats within a week.
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Dominion to Sell Ekati Mine for $126M
Affiliate of owner Washington Companies purchases Canada diamond deposit.
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Stornoway to Restart Operations at Renard
Mine has been on care and maintenance since March.
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Gemfields Warns of $57M Loss
Company has only been able to hold one auction in 2020 due to Covid-19.
general
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Sarine, Chinese Lab Debut Light-Performance Report
First customer is Yuanyumei, a high-end jewelry designer, manufacturer and wholesaler.
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Nonprofit Selling Gems to Help Artisanal Miners
Gem Legacy will auction jewelry and loose stones to raise money for tool kits.
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India Trading Still Down, but Decline Eases
Polished exports fall 26% in August.
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Gemstone Dealers Adapt to New Reality
Shackled by travel restrictions, traders have had to find alternative ways to source and sell supply.
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FINANCE
Diamond Industry Stock Report
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Global retail stocks strengthened after the US Federal Reserve said it would keep interest rates low over the next few years. Luk Fook (+15%), Kering (+7%), Chow Tai Fook (+6%), LVMH (+5%), Signet (+1.7%) and Tiffany (+1.7%) all rose. Macy’s (-8%) was the exception. Mining shares also performed well, with Gem Diamonds (+12%), Petra (+8%), Anglo American (+7%) and Alrosa (+5%) climbing.

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