|
|
Rapaport TradeWire December 31, 2020
Dec 31, 2020 11:00 AM
By Rapaport
|
|
|
| December 31, 2020 | | RAPAPORT MARKET COMMENT |  | | Sentiment mixed as Mastercard reports holiday jewelry sales -4.3%, online +45%; general retail +3% driven by +49% growth in e-commerce. Diamond markets quiet due to end-of-year break. Diamantaires expect steady post-season demand. Manufacturers raising production after inventory levels declined in 2H. Focus on Chinese New Year orders leading to improvement in 0.30 to 0.89 ct., F-H, VS. Safdico buys 6% stake in Lucapa Diamond Company for $2.1M and signs deal to purchase all production from Mothae mine. Bharat Diamond Bourse overturns ban on synthetics; GJEPC adds lab-grown membership category. Rapaport wishes everyone a happy, healthy, prosperous and peaceful New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.92% | 0.49% | 0.34% | | 0.50 ct | 1.48% | 0.86% | 12.23% | | 1.00 ct | 2.05% | 2.28% | 5.69% | | 3.00 ct | 2.60% | 2.94% | 3.59% |  | | 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: Virtual customer engagement and social media marketing key elements this shopping season... |  |  | Belgium: Very little trading; bourses closed until January 3... | | |  | Israel: Dealers waiting for memo returns to assess inventory needs... | | |  | India: Manufacturers raising polished production ahead of anticipated 1Q sales... | | |  | Hong Kong: Rising expectations for release of pent-up demand during February 12 lunar festival... | | |  | | | Watch: 47th Street’s Time to Shine |  | | WITH CNBC Prime | New York’s Diamond District sparkled on TV Tuesday night in the documentary series Streets of Dreams with Marcus Lemonis. If you missed it, you can watch the full episode here. |  | | | The Most Buzzworthy Diamonds of 2020 |  | | WITH Leah Meirovich | A look back at the most important diamonds of the year, from the biggest mined stones to the ones that achieved the highest prices at auction. |  | | | Instagram Jewelry Favorites of 2020 |  | | WITH Sonia Esther Soltani | Bold designs, unconventional shapes and big white diamonds were popular this year with the 80,000 Instagram users that follow Rapaport’s Jewelry Connoisseur page. | | | | | WEEKLY NEWS | | industry | | | | The Top 10 Stories of 2020 | | Covid-19 crisis dominates list of the year’s most-read items. |  | | | Bharat Diamond Bourse Votes to Allow Synthetics | | Management to draw up guidelines for lab-grown trading. | | | | | Wedding Industry Takes Hit During Pandemic | | Average spend down 20% in 2020, Wedding Report says. | | | | | Major India Trade Body Adds Lab-Grown Membership | | New category will help sector expand, claims Gem & Jewellery Export Promotion Council. | | | | | retail | | | | US Holiday Jewelry Sales Slide | | Revenue down 4.3% for period from October 11 to December 24, according to Mastercard SpendingPulse. | | | | | Independent Jewelers Report Strong Bridal Sales | | Engagements are up and couples have more disposable income, retailers say. | | | | | Tiffany Shareholders Back LVMH Takeover | | French luxury giant expects deal to close January 7, 2021. | | | | | Pandora’s 2020 Results to Beat Forecast | | Danish jeweler projects slimmer sales decline than it anticipated. | | | | | mining | | | | Graff Unit Purchases Shares in Lucapa | | Safdico will also buy 100% of rough from miner’s Mothae deposit in Lesotho. | | | | | Top Miners Release Dates of 2021 Rough Sales | | First De Beers sight of the year begins January 18. | | | | | Alrosa Joins Shanghai Bourse to Up China Presence | | Move will help company trade in rough and polished diamonds on the mainland. | | | | | general | | | | Year in Review: Diamond Trading During Covid-19 | | Roundup of Rapaport Weekly Market Comments from 2020. | | | | | Online Innovation Propels 2020 Auction Sales | | Digital business supports Christie’s, Sotheby’s and Bonhams during difficult year. | | | | | India Trade Increasingly Adopting Digital Channels | | Proportion of small gem-and-jewelry businesses with online sales capabilities more than quadrupled during pandemic, according to Crisil Ratings. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks rose following the approval of a second US stimulus package and the start of coronavirus vaccinations. Macy’s (+8%), Kering (+8%), Pandora (+4%), LVMH (+3%) and Signet (+3%) all gained. Mining stocks were mixed, with Lucapa (+4%) and Alrosa (+2%) climbing, while Mountain Province (-6%) and Gem Diamonds (-6%) fell. | | | | | Contact Us |  |       | | © Copyright 2020 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|