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Rapaport TradeWire August 19, 2021

Aug 19, 2021 10:59 AM   By Rapaport
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August 19, 2021
RAPAPORT MARKET COMMENT
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Dealers optimistic about US market ahead of next week’s Las Vegas shows. Low visitor traffic expected. Buyers who do attend will be looking for goods and testing price levels. Foreign suppliers unable to go but watching for signals about trends and holiday prospects. Polished prices stable despite seasonal slowdown. Buyers resisting higher prices; sellers holding prices firm due to steep rough costs. Rough market robust. Stable supply anticipated at Aug. De Beers sight. Alrosa 2Q profit $412M vs. $4M in 2020. Rapaport Breakfast and Social Responsibility Conference taking place at JCK on Sunday, August 29. Register here. Rapaport Magazine publishes special Social Responsibility issue.

RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct
-0.20%
-0.75%
4.85%
0.50 ct
-0.05%
-0.16%
9.51%
1.00 ct
0.06%
0.56%
20.54%
3.00 ct
-0.01%
0.72%
17.65%
RAPI Yearly Graph
Market Reports
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United States: Recent price growth making sourcing difficult...
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Belgium: Trading quiet; many dealers still on vacation...
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Israel: Fourth local coronavirus wave raising concerns amid talk of possible lockdown in September...
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India: Polished production at 70% to 80% capacity, but manufacturers concerned about high rough prices...
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Hong Kong: Suppliers maintaining stable discounts for 1 to 3 ct. sizes despite growing inventories and mixed demand...
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Webinar: Bubble Trouble?
WITH AVI KRAWITZ

The diamond market is showing contradictory signs as to whether the recent positive growth trend will continue for the remainder of this year and into 2022. Rapaport Senior Analyst Avi Krawitz explores these prospects and general market conditions in the quarterly Diamond Trends Webinar.

Adding Value to the Narrative
WITH THE RAPAPORT DIAMOND PODCAST

Diamond companies need a plan to stay ahead of the changing market. In episode 47 of the Rapaport Diamond Podcast, Avi Krawitz speaks with industry consultant Anish Aggarwal about the evolving nature of the trade.

The Business of Doing Good
WITH RAPAPORT MAGAZINE

Iris Van der Veken, executive director of the Responsible Jewellery Council, discusses how the UN’s 17 Sustainable Development Goals can help companies boost consumer confidence.

UPS AND DOWNS
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WEEKLY NEWS
industry
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US Demand Far Exceeds Supply
Wholesale activity continues its upward trajectory — at least for the near future.
Stuller Pulls Out of JCK Las Vegas Show
US jewelry supplier cites Covid-19 resurgence as reason for not attending.
retail
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US Retail Keeping Up Steady Momentum
Store owners enjoy buoyant sales even as travel spending returns.
Diamond Sector Says ‘Thank You’ to Consumers
New industry marketing campaign emphasizes how purchases benefit communities.
Pandora Revenue Rises on Strong US Demand
Sales up 84% year on year for second quarter.
mining
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Alrosa Mulls Production Boost After Strong Quarter
Miner could increase 2021 output plan by 5%.
BlueRock Finds Its Largest Diamond Yet
58.6-carat rough came from company’s Kareevlei deposit in South Africa.
general
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US Retail Sales Take Downturn in July
Revenues across all product categories slipped 1.1% compared to previous month.
IGI Grades ‘Record’ 14.6ct. Lab-Grown Diamond
Stone is largest gem-quality CVD specimen ever produced, organization claims.
India Sees Highest Polished Exports Since Feb. 2019
Shipments more than doubled year on year in July.
12ct. Kashmir Sapphire Prompts Bidding War
Ring sells for total of $243,888 at Fellows auction.
FINANCE
Diamond Industry Stock Report
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Global stocks tumbled this week after the US Federal Reserve discussed the possibility of winding down the country’s economic stimulus program. European shares took the heaviest hits, with Kering (-15%) and De Beers owner Anglo American (-15%) heading the declines. Canadian retailer Birks Group (+25%) and India’s Titan (+3.1%) bucked the trend. 

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