|
|
Rapaport TradeWire January 28, 2021
Jan 28, 2021 11:01 AM
By Rapaport
|
|
|
| January 28, 2021 | | RAPAPORT MARKET COMMENT |  | | Mixed sentiment as trading has slowed from previous weeks. Polished inventory increasing after strong Dec.-Jan. rough buying. High expectations for China retail recovery during Chinese New Year. US Jan. consumer confidence +3%, boosted by stimulus package, says Conference Board. Concerns due to rising Covid-19 infections, 6.7% unemployment, and slow vaccine rollout. US jewelry trade -2.2% in 4Q to 24,233 businesses, JBT reports. LVMH 2020 jewelry & watch sales -24% to $4.1B. De Beers 4Q sales volume -1% to 6.9M cts., 2020 rough price index -10%. JCK Las Vegas show postponed to August. Martin Rapaport webinar presentation “Surfing Waves of Change” to take place on Feb. 4. Register here. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.94% | -0.42% | -0.36% | | 0.50 ct | 0.24% | -1.58% | 9.52% | | 1.00 ct | -0.34% | -0.57% | 4.80% | | 3.00 ct | 0.24% | 1.42% | 5.43% |  | | 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: Large-stone market has softened from previous weeks... |  |  | Belgium: Steady US demand for 1-carat diamonds... | | |  | Israel: Improving market for 3 ct., D, IF signals shift following weakness in previous years... | | |  | India: Manufacturers raising production levels after strong rough buying in December-January... | | |  | Hong Kong: Rising expectations for retail sales in mainland China during lunar festival shopping season... | | |  | | | Tracing the Diamond Journey |  | | WITH The Rapaport Diamond Podcast | The second episode in a special series on technology looks at how the industry can give consumers the transparency and origin information many of them seek. A panel of experts joins Rapaport Senior News Reporter Joshua Freedman to discuss the important topic.
|  | | | The Struggle for Inclusion |  | | WITH Leah Meirovich | Six months ago, BIPOC jewelry professionals put out a call for greater equality and diversity in the trade. How much has changed since then? |  | | | Old styles, new challenges |  | | WITH Jewelry Connoisseur by Rapaport | How did estate jewelers keep business going amid the setbacks of the pandemic? Three of them share their experiences. | | | | | WEEKLY NEWS | | industry | | | | JCK Reschedules Vegas Show for August | | New timescale is “best path forward to reunite jewelry industry in 2021,” organizers say. |  | | | Basel Show HourUniverse Postponed | | Swiss watch and jewelry fair now slated to take place this summer. | | | | | Synthetics Producer Rebrands in Sustainability Push | | WD Lab Grown changes name to Latitude, acquires CVD company. | | | | | GIA Spots Rare Inscription Fraud in Simulant | | Forged report numbers made three synthetic moissanites appear to be natural diamonds. | | | | | retail | | | | LVMH’s Jewelry and Watch Revenue Slides in 2020 | | Sales from the division down 24% for the year. | | | | | US Jewelry Trade Continues to Contract | | Number of businesses in operation falls 2.2% year on year in fourth quarter. | | | | | mining | | | | De Beers Lowers 2021 Production Outlook Again | | Miner cites operational issues; diamond demand strong at start of year. | | | | | Lucara Finds Second Large Diamond This Year | | Company recovers high-quality, 378-carat stone at Karowe deposit. | | | | | Rough Prices Rise at Mountain Province Sale | | Confidence among buyers likely to continue, predicts CEO Stuart Brown. | | | | | Lucapa Revenue Slides in Fourth Quarter | | Miner held off selling rough from Mothae during the period while it negotiated a partnership deal with Safdico. | | | | | Small Mines Restart Amid Rough Recovery | | Diamcor and BlueRock see strong prices at recent sales. | | | | | general | | | | Israel Optimistic After Heavy Trading Slump | | Polished exports drop 31% in 2020, but “exceptional” December points to recovery. | | | | | Initiative Offers $1M Credit to Minority Designers | | Program by Natural Diamond Council and jeweler Lorraine Schwartz will give BIPOC community greater access to trade. | | | | | Diamond Foundry to Promote US-Made Goods | | Lab-grown producer plans to launch American Diamond Council this spring. | | | | | Strong China Demand Bolsters Swiss Watches | | Shipments to the country rise 45% year on year in December. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | US retail shares rose on the back of better-than-expected unemployment data, as well as the rally on GameStop, which led to surging prices of highly shorted stocks such as Macy’s (+44%). Signet (+14%) also increased. European equities performed less well amid continued lockdowns, with Swatch Group (-4%), Richemont (-2%), Pandora (-2%) and Kering (-2%) losing ground. Miners also had a bad week, as Anglo American (-11%), Mountain Province (-8%), Rio Tinto (-6%), Gem Diamonds (-5%), Petra (-4%) and Alrosa (-3%) all slipped. Lucara (+13%) was the exception. | | | | | Contact Us |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|