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Rapaport TradeWire May 20, 2021
May 20, 2021 10:56 AM
By Rapaport
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| May 20, 2021 | | RAPAPORT MARKET COMMENT |  | | Diamond market seasonally slow. US and China retail recovery driving demand. Multi-channel offerings stimulating growth as consumers return to stores. Polished inventory declining due to India supply constraints. Shortages supporting prices. Rough market stable after smaller De Beers May sight valued at $380M. Alrosa 1Q revenue +44% to $1.2B, profit up nearly eightfold to $326M. Hong Kong 1Q polished imports +47% to $3.4B, polished exports +56% to $3.3B. GIA notes rise in lab-grown stones with counterfeit inscriptions passing as natural. Chow Tai Fook and Natural Diamond Council launch campaign to reach young Chinese consumers. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.02% | 0.72% | 6.35% | | 0.50 ct | 0.27% | 0.89% | 15.02% | | 1.00 ct | 0.16% | 2.52% | 18.65% | | 3.00 ct | 0.30% | 1.41% | 11.98% |  | | 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: Steady memo orders, particularly for bridal collections... |  |  | Belgium: Suppliers holding prices firm amid shortages... | | |  | Israel: Bourse activity quiet as missile attacks on the country continue... | | |  | India: Cutters focusing on 1 ct. goods and larger... | | |  | Hong Kong: Growing demand for lower-color diamonds (H and below)... | | |  | | | WEEKLY NEWS | | industry | | | | GIA Sees Spike in Synthetics Fraud | | Organization notes increase in submissions of lab-grown stones bearing natural-diamond report numbers. |  | | | Natural Diamond Council Seals China Partnership | | Trade group teams up with Chow Tai Fook to promote mined stones among younger shoppers. | | | | | Christie’s to Offer 204ct. Yellow in New York | | Dancing Sun expected to fetch up to $5.5 million at Magnificent Jewels sale. | | | | | Lab Spots Synthetic Ruby Necklace Sold as Natural | | Piece contained 50 stones that turned out to be man-made, GGTL says. | | | | | RJC Joins United Nations Sustainability Platform | | Global forum aims to bring businesses in line with 17 development goals. | | | | | retail | | | | US Retail Sales Sluggish Without Stimulus Spark | | Revenue for April unchanged from March, according to Census Bureau. | | | | | Forevermark to Rebrand with De Beers Name | | Retail chain will become De Beers Forevermark across all channels. | | | | | Macy’s Says Jewelry Attracting Younger Customers | | Category among top sellers during first fiscal quarter, department-store chain reports. | | | | | mining | | | | Argyle Pink Tender Takes Its Final Bow | | Last sale will feature record number of diamonds over 1 carat. | | | | | De Beers Sales Stall Amid India Slowdown | | Covid-19 crisis dampens demand at May sight. | | | | | Alrosa Profit Bounces Back | | First-quarter sales jump as diamond market recovers. | | | | | general | | | | 8ct. Diamond Ring Beats Estimate at Bonhams | | Piece brings in $500,313 at New York Jewels sale. | | | | | Plumb Club Expands Member Roster | | Organization welcomes manufacturer Cynergy Trading Corp. and lab-grown company Evolution Diamond. | | | | | GIA Offers Grant for Diamond Council Graduates | | Scholarships will fund courses on topics such as jewelry, diamond grading and gemstones. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global stocks rebounded following last week’s declines. Luk Fook (+5%), Walmart (+4%), Pandora (+2%), Kering (+2%) and Signet (+1%) all rose. Macy’s (+15%) surged following better-than-expected results and an increase in its sales guidance. Miners were a mixed bag, with Lucara (-6%), Rio Tinto (-6%), Anglo American (-5%) and Lucapa (-2%) falling, while Gem Diamonds (+2%), Mountain Province (+2%) and Alrosa (+2%) gained. | | | | | 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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