News

Advanced Search

Rapaport TradeWire April 1, 2021

Apr 1, 2021 8:02 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Ezgif Com Gif Maker
Rapaport TradeWire
April 1, 2021
RAPAPORT MARKET COMMENT
image

Diamond market quiet during Passover, Easter and India’s Holi festival. Dealers expecting stable 2Q trading. Some concern that rising inventory levels may impact prices during slower season. More polished becoming available due to increase in manufacturing since beginning of the year, as evidenced by GIA backlog. Rough demand expected to drop after robust 1Q buying. 1 ct. RAPI +1.5% in March. Index now above pre-pandemic levels. Optimistic outlook for jewelry sales in US and mainland China. Lack of travel continues to impact tourist retail centers like Hong Kong and Europe. Chow Sang Sang 2020 revenue -15% to $1.9B, profit -15% to $70M.

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -0.79% -0.94% 4.48%
0.50 ct -0.63% -1.07% 15.00%
1.00 ct 0.03% 1.47% 15.50%
3.00 ct -0.33% 0.53% 1.69%
RAPI Yearly Graph
Gia Tw Banner Id100 11 June 20
Mr Tw Banner 040121
UPS AND DOWNS
image
Platinum Jewelry Demand Set to Bounce Back
image
Angola’s Diamond Sector on Strong Footing
image
5 Jewelry Books to Make Your Library Shine
image
Nirav Modi’s Jewelry, Art Collection Were Often Fake
image
600X160 Rapmag
WEEKLY NEWS
industry
image
News Thumbnail
15.81ct. Pink Could Fetch $38M at Christie’s
Sakura diamond is the largest of its color ever to appear at auction.
News Thumbnail
Diamond Foundry Gets Warning over Ads
Watchdog says some of the lab-grown company’s language is misleading.
News Thumbnail
Alrosa Delays New Rough Supply Deal Again
Existing contract will carry through until end of second quarter.
News Thumbnail
Sotheby’s to Offer 55.19ct. Kashmir Sapphire
Auction house estimates selling price of up to $3 million at Geneva event.
retail
image
News Thumbnail
De Beers Reveals Growing Synthetics Demand
Consumers believe lab-grown diamonds to be fun, fashionable and affordable, survey finds.
News Thumbnail
Challenging Market Dents Chow Sang Sang Sales
Revenue fell 15% in 2020 as pandemic restrictions hit sentiment.
mining
image
News Thumbnail
NGO Claims Lethal Ammunition Used at Petra Mine
Security guards at Williamson swapped rubber projectiles with metal, according to UK-based RAID.
News Thumbnail
Mountain Province Loss Widens in 2020
Covid-19 impacted sales and operations at Gahcho Kué mine.
News Thumbnail
Alrosa Delays April Trading Session
Miner seeks to maintain industry’s inventory balance.
News Thumbnail
Lulo Mine Delivers Windfall of Large Stones
Lucapa finds another three diamonds over 100 carats.
News Thumbnail
Auction Pause Pushes Gemfields to Steep Loss
Gemstone miner was unable to hold traditional sales for most of 2020.
general
image
News Thumbnail
HRD Antwerp Launches Report for Polki Jewelry
Style featuring uncut diamonds has gained popularity outside India, lab explains.
News Thumbnail
Swiss Watch Group Joins Jewelry Association
Federation of the Swiss Watch Industry and CIBJO share mission of protecting consumer confidence.
Tw Banner April 2021 Combo
FINANCE
Diamond Industry Stock Report
image

Global stocks strengthened amid optimism for an economic recovery. Signet (+10%) and Macy’s (+6%) led US retail equities, while Chow Tai Fook (+15%) headed the gains in Hong Kong. European shares also rode the wave, with Kering (+6%) the best performer in the luxury space. However, most miners had a negative week, with Mountain Province (-5%) losing ground after reporting heavy losses.

Rnall U Neeed 032421 Static 300X300
Rnsecret Ingredient 032421 Static 300X300
Tw Square April 2021 Ss Melee Combo
11 Jul 2018 Rap Ac Digital 300X300Px Static
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2021 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire May 6, 2021
May 06, 2021
Industry Retail Mining General Finance May 6, 2021 RAPAPORT MARKET COMMENT Diamond market activity slower
Rapaport TradeWire April 8, 2021
Apr 08, 2021
Industry Retail Mining General Finance April 8, 2021 RAPAPORT MARKET COMMENT Polished trading slower after
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.