Advanced Search

Rapaport TradeWire October 29, 2020

Oct 29, 2020 12:04 PM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet 600X160 Gemblog
Rapaport TradeWire
October 29, 2020

Sentiment mixed as Nov.-Dec. holiday season begins amid continued rise in Covid-19 cases. Dealer trading slow as manufacturers focus on direct supply to jewelers. E-commerce supporting retail market. Adobe predicts online holiday sales +33% to $189B. LVMH takeover of Tiffany back on at lower price of $131.50 per share ($15.8B). Blue Nile debuts synthetics with De Beers’ Lightbox brand. Sotheby’s NY brings in $18M (83% by lot), with pear-shape, 12.38 ct., fancy pink, VVS2 diamond going for $4.2M ($373,337/ct.). Petra Diamonds FY1Q revenue +33% to $82M. Letšeng 3Q sales +67% to $61M, average price +56% to $2,215/ct. De Beers, Alrosa extend supply contracts to March 31.

2009 Ar Rap 600X160 02
Weekly Monthly Y2Y
0.30 ct -0.47% -1.88% 11.35%
0.50 ct -0.43% -0.02% 18.32%
1.00 ct -0.08% 1.05% 3.03%
3.00 ct 1.09% 1.85% -1.99%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
United States: Memo market very active as jewelers try to avoid owning too much inventory...
Belgium: Cautious mood amid new restrictions following alarming rise in Covid-19 infections...
Israel: More traffic in bourse after lockdown lifted, but dealer trading slow...
India: Polished production levels continue to climb, enabling greater flow of goods to the market...
Hong Kong: Rising expectations for 11/11 Singles’ Day, with accelerated shift to online sales...
Trade Wire 600X160 April 2018
Preparing for the Holiday Season
WITH Avi Krawitz

The quarterly Rapaport Diamond Trends Webinar identifies key developments shaping the market, and lays out important ideas to help the industry navigate the holidays and 2021. 

Trade Must Continue Transformation
WITH Yoram Dvash

In an interview with Rapaport News, new World Federation of Diamond Bourses (WFDB) president Yoram Dvash outlines the umbrella body’s approach to managing the coronavirus crisis, and calls for a unified effort to meet the industry’s challenges.

Podcast: The everlasting charm of antique engagement rings
WITH Jewelry Connoisseur by Rapaport

Julie Walton of Walton’s Antique & Estate Jewelry discusses the most appealing vintage styles for brides-to-be.

Jewelers Betting Big on Dussehra This Festival Season
Rebag Launches Designer Watches and Fine Jewelry
Graff Diamonds Counts the Cost of the Pandemic
Container Lines Expect US Import Binge to Lose Steam
Gia Tw Banner Id100 11 June 20
News Thumbnail
Blue Nile to Sell Lightbox Lab-Grown Diamonds
E-tailer will offer exclusive fashion-jewelry line on web and in showrooms.
News Thumbnail
LVMH Seals Tiffany Takeover at Lower Price
Companies settle litigation after reaching deal of $131.50 per share.
News Thumbnail
Adobe Predicts Huge Jump in Online Holiday Sales
Figure to rise 33% year on year to $189 billion, company says.
News Thumbnail
Deloitte: Jewelry Ranks Low on Consumer Wish List
Shoppers to spend less this holiday amid concerns about state of economy.
News Thumbnail
Asia Rebound Drives Kering Jewelry Sales
Growth at Boucheron bolsters division’s performance in third quarter.
News Thumbnail
De Beers Delays New Sightholder Contract
Miner extends current supply agreement until March 31, 2021.
News Thumbnail
New Banking Law Set to Support Antwerp Trade
Belgian parliament approves rules entitling companies to open accounts.
News Thumbnail
WD Opens Up Lab-Grown Patents to Distributors
Company allows Altr and Evolution Diamond to sell its CVD goods.
News Thumbnail
Manufacturing Rebound Boosts Sarine Revenue
Polishing returns to pre-coronavirus rates in October.
News Thumbnail
Dominion Seeks Rescue Deal to Avoid Liquidation
Miner asks court to extend creditor protection until December 15.
News Thumbnail
Petra Sales Rise as Rough Prices Recover
Revenue jumps 33% in quarter ending September 30.
News Thumbnail
Letšeng Prices Exceed Pre-Pandemic Levels
Gem Diamonds third-quarter sales up 67% as large-stone market recovers.
News Thumbnail
Rio Tinto Wants to Sell Dominion’s Diamonds
Mining giant seeks to recoup more than $91 million to cover Diavik expenses.
News Thumbnail
Firestone to Test Diamond Prices in November
Miner will sell portion of inventory to assess how well the market has recovered.
News Thumbnail
Sotheby’s Garners $18M at New York Jewelry Sale
Pear-shaped, 12.38-carat, fancy-pink diamond ring sells for $4.6 million.
News Thumbnail
Christie’s to Offer 107ct. Yellow Diamond
Stone is part of a brooch by Graff that’s estimated to fetch up to $3.6 million.
News Thumbnail
Yoram Dvash to Step Down as Israel Bourse Head
President won’t run for reelection in December.
News Thumbnail
Industry Group Awards Jewelry-Design Scholarship
California-based Olivia Shih receives $5,000 grant.
Tw Gif Jewelry Auction 102920
Diamond Industry Stock Report

Stocks fell sharply this week amid concerns over the latest increase in coronavirus infections and its potential impact on the global economy. Retail took a heavy hit, with Kering (-10%), Richemont (-7%), Macy’s (-6%), Tiffany (-6%), LVMH (-6%), Swatch Group (-5%) and Chow Tai Fook (-4%) all dropping. Mining shares also fared poorly. Anglo American (-8%), Rio Tinto (-6%), Lucara (-6%) and Gem Diamonds (-5%) lost ground. Petra (+18%) bucked the trend following positive sales results.

Rnshort Supply 101520 Ban 300X300 Static V3C
Rnhelps Me Alex Bass 101120 Ban 300X300 Static
Ris Jclaunch Banners 121619 Statics Final 300X300 New
11 Jul 2018 Rap Ac Digital 300X300Px Static
Contact Us
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2020 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire July 29, 2021
Jul 29, 2021
Industry Retail Mining General Finance July 29, 2021 RAPAPORT MARKET COMMENT Diamond market quieter
Rapaport TradeWire July 1, 2021
Jul 01, 2021
Industry Retail Mining General Finance July 1, 2021 RAPAPORT MARKET COMMENT Strong US market driving short-term
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.