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Rapaport TradeWire February 11, 2021
Feb 11, 2021 10:54 AM
By Rapaport
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| February 11, 2021 | | RAPAPORT MARKET COMMENT |  | | Slower trading as Far East markets close for Feb. 12 Chinese New Year. High hopes for China retail recovery during the season. Global jewelry sales -15% in 2020 after swift 4Q rebound with US +5% to +10%, China +15% to +20%, according to Bain report. US demand stable. Large volume of goods on short-term memo since travel restrictions are limiting in-person sales. Alrosa confirms strong Jan. rough trading with sales +8% to $421M. Operations suspended at Gahcho Kué mine due to Covid-19 outbreak. Hong Kong 4Q 2020 polished imports +4% to $3.6B, polished exports +12% to $3.3B. The Rapaport Group wishes all our friends a happy, healthy and successful Chinese New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.80% | -0.81% | -2.43% | | 0.50 ct | 0.32% | -1.58% | 8.93% | | 1.00 ct | 0.44% | -0.17% | 5.62% | | 3.00 ct | -0.79% | -0.58% | 5.52% |  | | 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: Bridal category moving well, fueling demand for 1.50 to 2 ct., G-H, SI goods... |  |  | Belgium: Rough sector relatively quiet after strong January sales... | | |  | Israel: Some optimism for coming months as inventory levels go down... | | |  | India: High polished production expected to create steady flow of new inventory in coming months... | | |  | Hong Kong: Market quiet as dealers take vacation for February 12 Chinese New Year... | | |  | | | The Pandemic in Perspective |  | | WITH Diamond Trends Webinar | In the next quarterly Diamond Trends Webinar, Rapaport Senior Analyst Avi Krawitz will assess the state of the industry and its prospects for the coming year. The session, taking place on February 17 at 10 a.m. EST, will present exclusive data to outline the supply, demand and pricing issues driving the market in the first quarter. |  | | | The Reinvention of Retail |  | | WITH The Rapaport Diamond Podcast | The fourth installment in a series on technology looks at the store of the future and asks whether jewelers are prepared for the changes to come. |  | | | Are Trade Shows Going to Happen in 2021? |  | | WITH Joshua Freedman | Recent scheduling announcements are no guarantee that the events will take place at the publicized time. But vaccines have provided some hope. |  | | | WEEKLY NEWS | | industry | | | | Diamond Market Set for Full Recovery by 2024 | | Economic improvement in China and US will lead rebound, according to report by Bain. |  | | | Lab-Grown Prices Have Slumped, Bain Says | | Retail value of 1-carat, G, VS fell to 35% of natural equivalent in 2020, compared with 50% in 2019. | | | | | retail | | | | How to Operate as an Online-Only Store | | As e-commerce gains momentum, jeweler Esther Fortunoff explains the pluses and pitfalls of ditching brick-and-mortar. | | | | | Virus Resurgence Forces Pandora Store Closures | | Shop shutdowns grow to 30% of total network in January from 10% at end of December 2020. | | | | | Watches of Switzerland Sales Increase | | Figure up 6% year on year to GBP 272.6 million in 13 weeks ending January 24. | | | | | mining | | | | Alrosa Sales Strong in January | | Revenue from rough and polished diamonds rises 6% year on year. | | | | | Petra Hit with Fresh Allegations of Abuses | | Incidents occurred at Williamson mine between November 2020 and January 2021, company says. | | | | | Gahcho Kué Mine Shuts Amid Covid-19 Outbreak | | Eight employees test positive; 47 others in quarantine. | | | | | general | | | | Hong Kong Polished Trading Recovers | | Quarterly exports increase for first time in more than two years. | | | | | 24ct. Yellow Diamond Beats Estimate at Christie’s | | Some 98% of lots found buyers at Jewels Online auction. | | | | | Sapphire Comes Out Top in Gemstone Survey | | Colored stones offer better margins than diamonds, MVI Marketing finds. | | | | | US Luxury Group Buys Stake in Lab-Grown Maker | | Clikia Corp. acquires “material” interest in Aether Diamonds for $150,000. | | | | | Belgium Polished Exports Dip in January | | Shipments fall 10% year on year after December surge. | | | | | Jose Hess, Designer and Industry Leader, Dies | | Former president of CIBJO and the Plumb Club had a large impact on many parts of the jewelry world. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Retail shares rose in an overall positive week for global stocks. Macy’s (+4%), Luk Fook (+3%), Chow Sang Sang (+3%), Chow Tai Fook (+3%), Richemont (+3%) and Pandora (+2%) all gained. However, Walmart (-7%) fell after its acquisition of Tik Tok’s US operations reportedly hit a snag. Miners had a strong week, with Gem Diamonds (+14%), Lucara (+11%), Anglo American (+9%) and Lucapa (+4%) increasing. | | | | | 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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