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Rapaport TradeWire January 7, 2021

Jan 7, 2021 11:05 AM   By Rapaport
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Rapaport TradeWire
January 7, 2021

Diamond trade ends challenging 2020 with 1 ct. RAPI +5.8%. Firm polished prices reflect inventory decline after significant drop in manufacturing and rough sales. Optimism for 1Q as jewelers and dealers seek goods following the holiday season. Retail outlook still cautious amid spike in global Covid-19 infections. Lockdowns may curb jewelers’ inventory replacement efforts. Rising expectations for China jewelry sales ahead of Feb. 12 lunar festival. Tiffany & Co. Nov./Dec. sales +2%, Asia Pacific +20%, Americas -5%, e-commerce up more than 80%. Titan Company jewelry sales +15% during 3Q Diwali period. Russia resumes KP chairmanship after 2020 meetings suspended

2010 Ar Tc Rap 600X160 03
Weekly Monthly Y2Y
0.30 ct -0.17% -0.47% -0.10%
0.50 ct -0.24% 0.32% 11.40%
1.00 ct 0.32% 2.53% 5.89%
3.00 ct -0.51% 2.40% 3.51%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Positive sentiment as retail jewelers report steady holiday sales...
Belgium: Businesses with export focus doing better than those relying on local European buyers...
Israel: Suppliers maintaining steady prices due to inventory declines...
India: Manufacturers raising polished production in response to prevailing shortages...
Hong Kong: Fancy shapes moving well in 2 to 3 ct. sizes...
Gia Tw Banner Id100 11 June 20
WITH Martin Rapaport

In his annual letter to the trade, Martin Rapaport acknowledges that a powerful transformation of the political, economic and social order is currently underway. These developments will have a great impact on society’s values, and will dramatically change how, when, where and why people buy jewelry.

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Diamond Prices Firm After Supply Declines
Industry begins 2021 with healthiest inventory balance in five years.
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US Economy Won’t Recover Fully Until ‘Late 2021’
Stimulus will help, but there are still many uncertainties, National Retail Federation says.
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Tiffany to Sell Its Most Expensive Diamond
Jeweler will reveal necklace in 2022 at reopening of Fifth Avenue flagship store.
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Russia to Chair Kimberley Process in 2021
Organization defers country’s one-year role due to pandemic.
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US Online Holiday Jewelry Sales Jump
Category up 66% year on year, Adobe says.
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Tiffany Holiday Sales Reach All-Time High
Revenue up 2% amid sharp China growth and strong e-commerce results.
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LVMH Replaces Tiffany CEO as Deal Closes
Louis Vuitton executive Anthony Ledru to succeed Alessandro Bogliolo.
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Hong Kong Retail Sees Gradual Recovery
November decline in hard-luxury sales is gentlest since mid-2019.
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Titan Revenue Buoyed by Wedding-Jewelry Sales
Release of pent-up demand drives 15% rise during third fiscal quarter.
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Online Gold Jeweler Mene Sees Sales Jump
Revenue up 64% in 2020 as budding retailer ramps up operations.
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Lucara Receives 25-Year Karowe License
Approval from Botswana government boosts miner’s plans for underground expansion.
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‘Naturalmark’ Aims to Defeat Undisclosed Synthetics
Indian project will stamp diamonds and jewelry with consumer label.
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In Memoriam: Henry Verstandig
Death of former industry leader marks end of generation that founded New York’s diamond district.
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Gemologist Walter William Hanneman Dies at 93
Self-taught expert authored “Guide to Affordable Gemology.”
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Diamond Industry Stock Report

US retail stocks benefited from the new government stimulus and Congress’s confirmation of Joe Biden’s election victory. Signet (+19%), Macy’s (+4%) and Walmart (+2%) all rose. Meanwhile, European shares fell amid the spread of a new coronavirus strain that originated in the UK. Pandora (-7%), Kering (-4%) and LVMH (-1%) lost ground. Mining had a positive week, with Lucara (+28%), Lucapa (+21%), Mountain Province (+17%), Rio Tinto (+13%) and Anglo American (+13%) increasing.

Rnshort Supply 101520 Ban 300X300 Static V3C
Rninst Inv Banner More Customers 100120 Static 300X300
Tw Square January 2021 Combo
11 Jul 2018 Rap Ac Digital 300X300Px Static
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