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Rapaport TradeWire July 22, 2021
Jul 22, 2021 10:36 AM
By Rapaport
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| July 22, 2021 | | RAPAPORT MARKET COMMENT | | | | Market upbeat despite summer lull and high rough prices. Dealers filling orders, spurring confidence for holiday season. US jewelry sales +108% in June, Mastercard reports. Luxury jewelers make strong recovery. Richemont 1Q jewelry maisons’ sales +132% to $3B. Polished prices firm amid supply shortages and consistent demand. Miners drastically reduced rough inventory in 1H; manufacturers raised polished production. De Beers, Alrosa 1H rough prices +14%. De Beers 2Q production +134% to 8.2M cts., sales of 7.3M cts. at $135/ct. Alrosa 2Q production +22% to 7M cts., sales of 11.4M cts. at $96/ct. Belgium June rough imports +187% to $1B. Industry mourns passing of Willie Nagel. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.00% | 0.30% | 7.75% | | 0.50 ct | -0.04% | 1.73% | 14.65% | | 1.00 ct | 0.43% | 3.51% | 23.06% | | 3.00 ct | 0.13% | 0.79% | 17.65% | | | | 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: Dealers making good sales but struggling to buy... | | | | | Belgium: Bourses to close August 2 to 22... | | | | | Israel: Finding the right certified stones proving difficult... | | | | | India: Rough prices prompting concerns about manufacturing profitability... | | | | | Hong Kong: Luxury shoppers absent from high-end Hong Kong malls... | | | | | | | A Call for Synthetics Transparency | | | | WITH AVI KRAWITZ | Better disclosure and a more coherent structure would help the lab-grown diamond sector raise its profile and improve relations with the natural market, Rapaport Senior Analyst Avi Krawitz argues in this week’s “Field Notes” column. | | | | | WEEKLY NEWS | | | | | | De Beers Prices Up 14% Since Start of Year | | Miner cites supply shortages and strong polished demand. | | | | | Diamond Broker Willie Nagel Dies | | Born in Romania, he was a pioneer of the Kimberley Process. | | | | | | | | | US Retail Sales Upbeat in June | | Revenue 0.6% higher than previous month, NRF says. | | | | | De Beers Unites Retail Brands Under One CEO | | Céline Assimon, head of De Beers Jewellers, takes on same role at Forevermark. | | | | | ‘Outstanding’ Jewelry Sales Boost Richemont | | Category up 132% in first quarter. | | | | | Luk Fook Sales Rise in First Quarter | | Relaxed border restrictions in Hong Kong and Macau buoyed figures. | | | | | Michael Hill Sales Climb as Stores Reopen | | Lockdowns in past quarter were less severe than a year ago. | | | | | | | | | Alrosa Sales Jump to Pre-Coronavirus Levels | | Inventories shrank 68% year on year amid buoyant rough demand. | | | | | Record Big-Stone Sales Boost Petra Results | | Revenue up 38% in fiscal year ending June 30. | | | | | Lower Grades Dent Diavik Output | | Production from Canada mine fell 12% in second quarter, Rio Tinto says. | | | | | | | | | Everledger, GCAL Partner on Diamond Origin | | Blockchain provider and lab will share provenance and grading data to offer greater traceability. | | | | | Israel Diamond Institute Elects Chairman | | Arnon Juwal will take over following Yoram Dvash’s resignation. | | | | | Swiss Watch Exports Show Sharp Uptick in June | | Shipments exceeded pre-pandemic levels thanks to growth in US and China. | | | | | India’s Polished Trade Extends Recovery | | June saw eighth consecutive year-on-year rise in exports. | | | | | | | | Diamond Industry Stock Report | | | A number of variables weighed on global retail stocks, including investor fears over the Covid-19 Delta variant, a supply logjam, and dwindling consumer sentiment. Signet (-6%), Swatch (-6%), Macy’s (-3%), Pandora (-3%), Kering (-2%) and Luk Fook (-1%) all fell. Miners faced a challenging week, with declines at Lucapa (-7%), Gem Diamonds (-5%), Lucara (-4%), Alrosa (-4%) and Rio Tinto (-2%). Petra (+18%) gained following strong revenue figures. | | | | | 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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