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Rapaport TradeWire September 17, 2020
Sep 17, 2020 10:29 AM
By Rapaport
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| September 17, 2020 | | RAPAPORT MARKET COMMENT |  | | Rising expectations for holiday season. Deloitte predicts 1.5% growth in US retail sales, driven by 25%-35% spike in e-commerce. Jewelers with strong online and social media presence doing well; others struggling. Trading momentum slowed since reopening, with dealers cautious as global Covid-19 cases increase. 5 ct., D, IF strong due to scarcity, fewer suppliers, and demand from wealthy consumers. HB Antwerp buys AMC Belgium factory. Natural Diamond Council unveils actress Ana de Armas as face of exciting new advertising campaign. Israel and Dubai diamond exchanges sign cooperation agreement. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.50% | 6.33% | 14.30% | | 0.50 ct | 0.43% | 6.45% | 15.25% | | 1.00 ct | 0.35% | 3.29% | 0.81% | | 3.00 ct | -0.08% | 1.11% | -4.87% |  | | 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: High-end jewelers seeing steady interest in special, unique pieces from wealthy clients... |  |  | Belgium: Focus on online trading during virtual show hosted by Antwerp World Diamond Centre and Israel Diamond Institute... | | |  | Israel: Shift to lower-quality goods, with dealers able to reduce inventory that was previously difficult to sell... | | |  | India: Surat polishing factories operating at estimated 60% of capacity... | | |  | Hong Kong: Brands enhancing their presence in mainland China rather than Hong Kong... | | |  | | | HB Antwerp Aims to Shake Up Large-Stone Market |  | | WITH Joshua Freedman | The company has quickly emerged as one of Belgium’s most prominent diamond manufacturers, and now plans to improve the industry’s efficiency, says CEO Oded Mansori. |  | | | How to sell estate jewelry online |  | | WITH Jewelry Connoisseur by Rapaport | E-commerce expert Kate Karlsen of jeweler A. Brandt + Son offers tips for making the most of digital resources. |  | | | WEEKLY NEWS | | industry | | | | Bond Actress Revealed as New Face of Diamonds | | Ana de Armas to headline Natural Diamond Council campaign. |  | | | WFDB Elects Yoram Dvash as President | | Israel Diamond Exchange head to serve three-year term. | | | | | HB Antwerp Buys Sightholder’s Cutting Factory | | Acquisition of AMC facility adds 13 employees to the growing company. | | | | | De Beers August Rough Sales Rise to $320M | | Easing of Covid-19 restrictions leads to 11% year-on-year growth. | | | | | Israel, Dubai Diamond Sectors Sign Trade Deal | | Bourses to open representative offices and work to promote business. | | | | | retail | | | | US Retail Sales Continue Rebound in August | | Revenue up 2.6% year on year, but growth slower than July. | | | | | LVMH and Tiffany Lock Horns over Trial Timing | | French luxury group files opposition to US jeweler’s plan for speedy proceedings. | | | | | Deloitte Predicts Rise in US Holiday Sales | | Online purchasing will grow 25% to 35%, consulting firm says. | | | | | mining | | | | Petra Recovers High-Quality Blue Diamonds | | Cullinan mine produces five stones between 9.61 and 25.75 carats within a week. | | | | | Dominion to Sell Ekati Mine for $126M | | Affiliate of owner Washington Companies purchases Canada diamond deposit. | | | | | Stornoway to Restart Operations at Renard | | Mine has been on care and maintenance since March. | | | | | Gemfields Warns of $57M Loss | | Company has only been able to hold one auction in 2020 due to Covid-19. | | | | | general | | | | Sarine, Chinese Lab Debut Light-Performance Report | | First customer is Yuanyumei, a high-end jewelry designer, manufacturer and wholesaler. | | | | | Nonprofit Selling Gems to Help Artisanal Miners | | Gem Legacy will auction jewelry and loose stones to raise money for tool kits. | | | | | India Trading Still Down, but Decline Eases | | Polished exports fall 26% in August. | | | | | Gemstone Dealers Adapt to New Reality | | Shackled by travel restrictions, traders have had to find alternative ways to source and sell supply. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks strengthened after the US Federal Reserve said it would keep interest rates low over the next few years. Luk Fook (+15%), Kering (+7%), Chow Tai Fook (+6%), LVMH (+5%), Signet (+1.7%) and Tiffany (+1.7%) all rose. Macy’s (-8%) was the exception. Mining shares also performed well, with Gem Diamonds (+12%), Petra (+8%), Anglo American (+7%) and Alrosa (+5%) climbing. | | | | | Contact Us |  |       | | © Copyright 2020 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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