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Rapaport TradeWire December 16, 2021
Dec 16, 2021 10:53 AM
By Rapaport
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| December 16, 2021 | | RAPAPORT MARKET COMMENT | | | | Diamond trade enjoying best holiday season on record, fueling optimism for 2022. Dealers anticipate strong restocking in 1Q but are struggling to find goods at profitable rates. Inventory low and liquidity high. Shortage of 1 ct. and larger diamonds. Rough demand strong after recent supply constraints. Alrosa Nov. sales -14% to $334M. De Beers plans 2022 production of 30M to 33M cts. vs. 32M cts. this year. Petra Diamonds achieves $128M at FY2Q rough tender; average price +12% to $145/ct. Christie’s Paris online auction totals $12M (86% by lot). Global Witness warns against Myanmar (Burma) gemstones, claiming trade is fueling conflict and human-rights abuses. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.13% | 0.62% | -2.44% | | 0.50 ct | 0.06% | 1.05% | 0.95% | | 1.00 ct | 0.47% | 1.92% | 14.99% | | 3.00 ct | 0.65% | 5.90% | 17.08% | | | | 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: Commercial categories and melee selling well… | | | | | Belgium: Suppliers busy filling last-minute orders before the Christmas break... | | | | | Israel: Shortages and firm rough prices making it difficult to buy new inventory... | | | | | India: Manufacturers looking to raise production levels to alleviate scarcities but are cautious due to high rough prices... | | | | | Hong Kong: Fancy shapes moving well, especially 1 ct. and larger hearts, pears and emeralds... | | | | | | | Holidays, the Vintage Boom and 2021 Favorites | | | | WITH THE RAPAPORT DIAMOND PODCAST | The editorial team reflects on the holiday season, delves into the dynamics of the antique-jewelry market, and looks back at its favorite moments of 2021 in the latest episode of the Rapaport Diamond Podcast. | | | | | WEEKLY NEWS | | | | | | US Retail Sees Slower Growth Than Expected | | Early shopping and high inflation lead to disappointing results in November. | | | | | Revenue Jumps at Watches of Switzerland | | Increase reflects recovery in market for timepieces and jewelry. | | | | | Super Saturday Set to Attract 148M Shoppers | | Figure is 1% lower than last year but up from 2019, NRF says. | | | | | | | | | Harry Winston Stops Sourcing from Myanmar | | Decision preceded Global Witness report alleging “atrocities” in the southeast Asian country. | | | | | Israel Lowers Diamond Sector’s Risk Rating | | Move is recognition of improved transparency and compliance, industry says. | | | | | Petra Sales Jump Amid Supply Shortage | | Revenue up 31% at miner’s third tender of fiscal year. | | | | | Christie’s Nets Highest Total for Online Jewels Sale | | Boucheron ruby ring fetches $1.1 million, nearly 10 times its high estimate. | | | | | Israel Eyes Tax-Free Zone | | Government looks into setting up special area within the diamond exchange. | | | | | | | | | De Beers Plans Steady Output Through 2024 | | Miner expects annual production of 30 million to 33 million carats for next three years. | | | | | Alrosa Diamond Sales Hit Four-Month High | | November revenue from rough and polished up 8% compared with October. | | | | | Rio Tinto, Star Diamond Settle Dispute | | Companies revise partnership deal for Canada exploration project. | | | | | Petra to Sell 50% of Stake in Williamson Mine | | Local contractor will buy just under half of shares for $15 million. | | | | | | | | | Patek Philippe Tiffany Watch Sets Record at Phillips | | Item sells for $6.5 million, world’s highest online price for a timepiece. | | | | | De Beers Names Head of Managed Operations | | Thembinkosi Moses Madondo will oversee South African and Canadian mining business. | | | | | Hong Kong Jewelry Auction Racks Up $22M | | Eight items at Poly Auction sale fetch more than $1.3 million. | | | | | Lorraine Schwartz to Receive GEM Award | | Jewelers of America will honor the designer at a gala event next month. | | | | | Sotheby’s to Offer 39-Piece Lalique Collection | | Set features jewels assembled over four decades. | | | | | Colorful ‘Rainbow Man’ Eddy Elzas Dies | | Renowned trader had rare knack for selling diamonds other dealers didn’t value. | | | | | Christie’s Garners $7M at Online Jewelry Sale | | 10.01-carat diamond ring fetches $625,000. | | | | | | 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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