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Rapaport TradeWire November 5, 2020

Nov 5, 2020 10:47 AM   By Rapaport
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Rapnet 600X160 Gemblog
Rapaport TradeWire
November 5, 2020

High voter turnout as US election reflects divided country. Rising expectations for holidays despite American election uncertainty and second round of Covid-19 lockdowns. Consumer spending expected to be in line with last year. Jewelers begin seasonal promotions early, with emphasis on e-commerce. Polished prices stabilizing as buyers complete holiday orders. 1 ct. RAPI +1% in Oct. Rough trading steady during De Beers sight, but demand slower than last month. Smaller goods weak. Hong Kong 3Q polished imports -32% to $2.7B, polished exports -2% to $2.8B. Rio Tinto’s iconic Argyle mine ends production, having recovered 825 million carats in 37-year life.

2010 Ar Tc Rap 600X160 03
Weekly Monthly Y2Y
0.30 ct -1.26% -3.18% 9.39%
0.50 ct -0.95% -1.30% 16.95%
1.00 ct -0.10% 0.67% 2.69%
3.00 ct 0.35% 2.00% -1.49%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
United States: Dealers concerned about potential impact of voting results on Manhattan businesses...
Belgium: European jewelers and luxury houses have reduced their holiday expectations...
Israel: Business as usual for sought-after items, but trading in bread-and-butter categories is down...
India: Wedding season stimulating local jewelry retail sector, but gold more dominant than diamonds...
Hong Kong: Stores struggling due to lack of Chinese tourist shoppers and weak domestic sentiment...
Trade Wire 600X160 April 2018
Diamond Federation Optimistic for Holiday Season
Americans Eager to Shop Even as Pandemic Lingers
Stores Boarding Up in Case of Election Unrest
Botswana Rough-Diamond Exports Down 66% in 3Q
Gia Tw Banner Id100 11 June 20
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Diamond Market Cautious Ahead of Holidays
Rise in Covid-19 cases and election uncertainty dent sentiment in October.
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Louis Vuitton Buys 549ct. Rough from Lucara
Luxury retailer partners with HB Antwerp to craft stone into customized pieces for clients.
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India Trade Lobbies for Lower Taxes
Annual exports could double under right conditions, GJEPC argues.
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New Group Supports Black People in Jewelry Trade
Coalition will help provide members with resources they need to advance in the industry.
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Signet to Co-Brand Jared and James Allen
Redesign will encompass about 40% of the brick-and-mortar brand’s locations.
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Hong Kong Retail Sees Signs of Recovery
Stabilization of pandemic in region and easing of rules will help revive consumer sentiment, government says.
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Chow Tai Fook Unveils In-House AI Grading Report
New certificates will accompany diamonds weighing 0.30 carats or less under the T Mark traceability program.
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Pandora Expects Hit from Second Lockdowns
Danish jeweler cautious after revenue improvement in third quarter.
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Ex-Tiffany Exec Joins Watches of Switzerland
Kelly Yoch will become director of client relations, a newly created position.
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Titan Hopeful for Diwali as Sales Recover
Indian jeweler returns to profit amid reopening of stores following lockdown.
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Rio Tinto Ends Mining at Argyle
Company will continue to process ore until end of December.
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De Beers Lets Sightholders Defer Smaller Goods
Category is weak due to reduced manufacturing capacity in India.
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Dominion Fights Rio Tinto Diamond Sale
Court battle continues over companies’ joint venture.
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Mountain Province Sees Drop in Quarterly Sales
Average price down from previous year amid weaker rough demand.
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Higher-Grade Ore Lifts Lucapa Production
Sales jump 74% to $11.6 million in the third quarter.
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Consumer Awareness of Synthetics Soars
Survey finds 80% of shoppers have heard about lab-grown.
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Hong Kong Polished Imports Slide
Shipments down 32% in third quarter; rate of decline eases.
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Yoram Dvash to Chair Israel Diamond Institute
WFDB president succeeds Boaz Moldawsky.
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Belgium Diamond Veteran Jacques Korn Dies
Korn was president of the Antwerp Diamond Bourse until earlier this year.
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Jewelers Mutual Buys Wexler Insurance Agency
Acquisition will let both firms offer greater range of risk-management services.
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Israel’s Sarine to Open Dubai Service Center
Company partners with Trigem following UAE peace deal.
Tw Gif Jewelry Auction 1120 110420
Diamond Industry Stock Report

Global retail stocks performed strongly during a volatile US election week. Kering (+9%), Pandora (+8%), Richemont (+8%), LVMH (+8%), Macy’s (+3%) and Walmart all gained. Signet (-9%) lost ground. Mining shares were mixed, with Mountain Province (+11%) gaining following strong sales results, and Lucara (+9%) increasing after announcing the sale of a 549-carat diamond to Louis Vuitton. Petra (-10%) and Lucapa (-5%) both fell.

Tw Square Ss November 11 22 2020
Rnhelps Me Priyank Hirpara 101920 Ban 300X300 Static
Rnshort Supply 101520 Ban 300X300 Static V3C
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