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Rapaport TradeWire March 18, 2021
Mar 18, 2021 11:43 AM
By Rapaport
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| March 18, 2021 | | RAPAPORT MARKET COMMENT |  | | Diamond market optimistic despite expected seasonal slowdown. Manufacturer liquidity getting boost from reduced inventory, faster turnover and firm prices. Concerns arising about rough market overheating amid reports that Alrosa increased prices for 1 ct. and larger by 4%-5%. Smaller De Beers sight expected next week. India Feb. rough imports flat at $1.5B, Belgium +28% to $877M. Signet Jewelers FY’21 revenue -15% to $5.2B, loss of $15M vs. $106M profit in FY’20. GIA begins disclosing post-growth treatments for synthetics. CIBJO launches guide to natural vs. lab-grown diamond terminology. World Diamond Council, RJC partner on conflict diamonds and sustainability issues. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.34% | 0.59% | 2.86% | | 0.50 ct | -0.25% | 0.43% | 13.46% | | 1.00 ct | 0.28% | 1.57% | 11.51% | | 3.00 ct | 0.46% | 1.32% | 9.99% |  | | 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: Dealers hoping for stability rather than continued price increases that may not be sustainable... |  |  | Belgium: European retail struggling due to Covid-19 measures and lack of tourists... | | |  | Israel: Steady rise in activity since the bourse returned from lockdown... | | |  | India: Profit margins tightening as rough prices continue to climb... | | |  | Hong Kong: Hong Kong retail weak amid slight rise in Covid-19 infections and concerns of further restrictions if outbreak expands... | | |  | | | WEEKLY NEWS | | industry | | | | Alrosa Raises Rough Prices Again | | De Beers offering limited supply at next week’s sight. |  | | | GIA Now Giving Details of Lab-Grown Treatments | | Updated grading reports state whether there is evidence of color changes. | | | | | US Sanctions on Myanmar Receive Broad Support | | Measures unlikely to damage jewelry industry, trade leaders say. | | | | | Two Major Trade Bodies Sign Partnership Deal | | World Diamond Council and Responsible Jewellery Council will collaborate on conflict diamonds and sustainability. | | | | | CIBJO Launches Guide to Lab-Grown Terms | | New website defines how the trade should refer to mined and synthetic stones. | | | | | retail | | | | Signet Optimistic After Fourth-Quarter Rise | | Revenue up 1.5%; profit jumped 36%. | | | | | Winter Storms Slow US Retail Sales | | February figure down 3% from January, up 6% year on year, NRF says. | | | | | US Online Spending to Reach $1T Mark in 2022 | | E-commerce sales will increase sharply due to lasting impact of pandemic, Adobe says. | | | | | mining | | | | Former Mining Minister to Advise New Ekati Owners | | Wally Schumann will assist Arctic Canadian Diamond Company with matters related to Northwest Territories and aboriginal affairs. | | | | | general | | | | Sotheby’s Bets Big on 64ct. Cartier Bracelet | | Piece estimated to fetch up to $8.4 million at Hong Kong Magnificent Jewels auction. | | | | | US Polished Imports Stabilize | | Shipments flat in January following successive declines. | | | | | European Demand for Swiss Watches Declines | | Exports to region down 14% year on year in February. | | | | | Belgium Sees Mixed Trade Results for February | | Polished exports rose during the month, while rough shipments fell. | | | | | New Diamond Coin Enters Commodity Market | | Diamond Standard unveils tradable token containing $5,000 worth of stones. | | | | | India Polished Exports Continue to Grow | | Shipments out of the country up 27% in February. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks rose as investors bet that the new US government stimulus would boost sales. Macy’s (+16%), Birks (+10%), Kering (+4%), Signet (+3%) and Chow Tai Fook (+2%) all gained. Mining had a mixed week. Lucara (+7%) and Gem Diamonds (+7%) both climbed, while Petra (+14%) jumped following the completion of its restructuring deal. Mountain Province (-9%), Lucapa (-9%) and Rio Tinto (-4%) fell. | | | | | Contact Us |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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