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Rapaport TradeWire January 14, 2021

Jan 14, 2021 11:10 AM   By Rapaport
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Rapnet Holidays
Rapaport TradeWire
January 14, 2021
RAPAPORT MARKET COMMENT
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Polished sentiment positive despite limitations on travel due to Covid-19. Shortages supporting prices. Suppliers anticipate strong 1Q inventory replacement after relatively good US holiday season. Signet Jewelers Nov.-Dec. revenue flat at $1.8B, same-store sales +5.6%, with strong +61% increase in e-commerce. Rising expectations for Feb. 12 Lunar New Year as retailers see robust China recovery. Chow Tai Fook 3Q sales +18%. De Beers and Alrosa expected to release large volumes of rough at Jan. sales. Strong pre-sight demand on dealer market. Alrosa Dec. sales +43% to $522M. LVMH closes $15.8B Tiffany & Co. acquisition; Anthony Ledru to replace Alessandro Bogliolo as the brand’s CEO.

2010 Ar Tc Rap 600X160 03
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 1.04% 0.33% 0.39%
0.50 ct -0.04% 0.75% 10.87%
1.00 ct -0.23% 2.25% 5.60%
3.00 ct 0.10% 2.11% 3.62%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Keen interest in engagement rings as Valentine’s Day promotions begin...
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Belgium: Steady activity despite continued Covid-19 lockdown...
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Israel: Some concern that influx of new polished will create oversupply and put pressure on prices...
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India: Diamantaires anticipate upturn in coming weeks as US dealers return for post-holiday trading...
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Hong Kong: Gold jewelry selling well ahead of the holidays...
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Gia Tw Banner Id100 11 June 20
Were Diamond Companies Worth the Investment?
WITH Avi Krawitz

The top 10 diamond and jewelry companies saw their market capitalization increase in 2020, despite a dramatic drop in revenue due to the coronavirus. The January Rapaport Research Report examines whether this strong stock performance points to a better year ahead.

What to Expect in the Industry This Year
WITH Leah Meirovich

Three insiders share their predictions for the diamond and jewelry trade in 2021.

2020 Hindsight from Our ‘People of the Year’
WITH Rapaport News

The struggle and survival of independent diamantaires, jewelry designers, retailers and small-scale miners stood out in 2020. Rapaport spoke with six young trade members to gain their perspectives on the diamond market during the pandemic.

UPS AND DOWNS
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56% of Jewelers Surveyed Saw Gains in December
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How Tiffany Could Become the Next Luxury Mega-Brand
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Small Businesses Don’t See Much Cause for Optimism
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Jewelry Wholesaler Pleads Guilty to Running Ponzi Scheme
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Tw Jewelry Catalog 011421
WEEKLY NEWS
retail
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Signet Sees Surge in Holiday E-Commerce Sales
Total revenue flat as online spending compensates for weak store traffic.
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Pandora Flags Concerns as More Stores Shut
Some 25% of jeweler’s locations are now closed, as opposed to 10% at end of fourth quarter.
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Chow Tai Fook Sales Rise as China Recovers
Mainland growth outweighs continued weakness in Hong Kong.
industry
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Alrosa Receives Option to Sell to Gokhran
Parties call off 2020 deal after market improves in second half.
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What the Brexit Deal Means for the Diamond Trade
Two experts explain the implications of the UK’s last-minute agreement with the EU.
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Antwerp, Dubai Upbeat on Rough-Tender Market
Trading centers to host 14 sales in January.
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GIA Launches Cultured Pearl Report
Document will include a digital image, as well as information on size, shape, color, luster and more.
mining
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Alrosa December Sales Highest Since 2018
Diamond revenues up 43% as rough-market momentum continues.
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Lucapa Puts Lesotho Mine on Lockdown
Government’s countrywide shutdown unlikely to affect annual production for 2021.
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Mountain Province Output Slides in 2020
Production down 23% in fourth quarter, and 4% for full year.
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Firestone Faces Uncertain Future
Miner needs to restructure more than $80 million in debt before operations at Liqhobong deposit can restart.
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Gem Diamonds Unearths 147ct. Rough
High-quality, type II stone is Letšeng mine’s first in the 100-plus category this year.
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BlueRock Sees Full-Year Sales Jump
Volume up 29% as production rises at Kareevlei deposit in South Africa.
general
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New Book Reports Favorable Forecast for Luxury
Industry analyst, marketer and author Erwan Rambourg offers his predictions on what’s in store for the sector over the next decade.
Tradewire Banner General V4
FINANCE
Diamond Industry Stock Report
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Global retail stocks rose as investors anticipated higher spending on the back of the vaccine rollout and the second US stimulus package. Signet (+18%), Macy’s (+5%) and Chow Tai Fook (+2%) all gained. Mining stocks had a tough week, with Lucara (-3%), Rio Tinto (-2%), Lucapa (-1%) and Mountain Province (-1%) slipping. Alrosa (+3%) gained after reporting strong results, while Gem Diamonds (+4%) climbed following the recovery of a 147-carat diamond.

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