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Rapaport TradeWire January 14, 2021
Jan 14, 2021 11:10 AM
By Rapaport
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| January 14, 2021 | | RAPAPORT MARKET COMMENT |  | | Polished sentiment positive despite limitations on travel due to Covid-19. Shortages supporting prices. Suppliers anticipate strong 1Q inventory replacement after relatively good US holiday season. Signet Jewelers Nov.-Dec. revenue flat at $1.8B, same-store sales +5.6%, with strong +61% increase in e-commerce. Rising expectations for Feb. 12 Lunar New Year as retailers see robust China recovery. Chow Tai Fook 3Q sales +18%. De Beers and Alrosa expected to release large volumes of rough at Jan. sales. Strong pre-sight demand on dealer market. Alrosa Dec. sales +43% to $522M. LVMH closes $15.8B Tiffany & Co. acquisition; Anthony Ledru to replace Alessandro Bogliolo as the brand’s CEO. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 1.04% | 0.33% | 0.39% | | 0.50 ct | -0.04% | 0.75% | 10.87% | | 1.00 ct | -0.23% | 2.25% | 5.60% | | 3.00 ct | 0.10% | 2.11% | 3.62% |  | | 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: Keen interest in engagement rings as Valentine’s Day promotions begin... |  |  | Belgium: Steady activity despite continued Covid-19 lockdown... | | |  | Israel: Some concern that influx of new polished will create oversupply and put pressure on prices... | | |  | India: Diamantaires anticipate upturn in coming weeks as US dealers return for post-holiday trading... | | |  | Hong Kong: Gold jewelry selling well ahead of the holidays... | | |  | | | Were Diamond Companies Worth the Investment? |  | | WITH Avi Krawitz | The top 10 diamond and jewelry companies saw their market capitalization increase in 2020, despite a dramatic drop in revenue due to the coronavirus. The January Rapaport Research Report examines whether this strong stock performance points to a better year ahead.
|  | | | What to Expect in the Industry This Year |  | | WITH Leah Meirovich | Three insiders share their predictions for the diamond and jewelry trade in 2021. |  | | | 2020 Hindsight from Our ‘People of the Year’ |  | | WITH Rapaport News | The struggle and survival of independent diamantaires, jewelry designers, retailers and small-scale miners stood out in 2020. Rapaport spoke with six young trade members to gain their perspectives on the diamond market during the pandemic.
| | | | | WEEKLY NEWS | | retail | | | | Signet Sees Surge in Holiday E-Commerce Sales | | Total revenue flat as online spending compensates for weak store traffic. |  | | | Pandora Flags Concerns as More Stores Shut | | Some 25% of jeweler’s locations are now closed, as opposed to 10% at end of fourth quarter. | | | | | Chow Tai Fook Sales Rise as China Recovers | | Mainland growth outweighs continued weakness in Hong Kong. | | | | | industry | | | | Alrosa Receives Option to Sell to Gokhran | | Parties call off 2020 deal after market improves in second half. | | | | | What the Brexit Deal Means for the Diamond Trade | | Two experts explain the implications of the UK’s last-minute agreement with the EU. | | | | | Antwerp, Dubai Upbeat on Rough-Tender Market | | Trading centers to host 14 sales in January. | | | | | GIA Launches Cultured Pearl Report | | Document will include a digital image, as well as information on size, shape, color, luster and more. | | | | | mining | | | | Alrosa December Sales Highest Since 2018 | | Diamond revenues up 43% as rough-market momentum continues. | | | | | Lucapa Puts Lesotho Mine on Lockdown | | Government’s countrywide shutdown unlikely to affect annual production for 2021. | | | | | Mountain Province Output Slides in 2020 | | Production down 23% in fourth quarter, and 4% for full year. | | | | | Firestone Faces Uncertain Future | | Miner needs to restructure more than $80 million in debt before operations at Liqhobong deposit can restart. | | | | | Gem Diamonds Unearths 147ct. Rough | | High-quality, type II stone is Letšeng mine’s first in the 100-plus category this year. | | | | | BlueRock Sees Full-Year Sales Jump | | Volume up 29% as production rises at Kareevlei deposit in South Africa. | | | | | general | | | | New Book Reports Favorable Forecast for Luxury | | Industry analyst, marketer and author Erwan Rambourg offers his predictions on what’s in store for the sector over the next decade. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks rose as investors anticipated higher spending on the back of the vaccine rollout and the second US stimulus package. Signet (+18%), Macy’s (+5%) and Chow Tai Fook (+2%) all gained. Mining stocks had a tough week, with Lucara (-3%), Rio Tinto (-2%), Lucapa (-1%) and Mountain Province (-1%) slipping. Alrosa (+3%) gained after reporting strong results, while Gem Diamonds (+4%) climbed following the recovery of a 147-carat diamond. | | | | | 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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