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Rapaport TradeWire April 1, 2021

Apr 1, 2021 8:02 AM   By Rapaport
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Rapaport TradeWire
April 1, 2021

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
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
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Sakura diamond is the largest of its color ever to appear at auction.
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Diamond Foundry Gets Warning over Ads
Watchdog says some of the lab-grown company’s language is misleading.
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Alrosa Delays New Rough Supply Deal Again
Existing contract will carry through until end of second quarter.
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Sotheby’s to Offer 55.19ct. Kashmir Sapphire
Auction house estimates selling price of up to $3 million at Geneva event.
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De Beers Reveals Growing Synthetics Demand
Consumers believe lab-grown diamonds to be fun, fashionable and affordable, survey finds.
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Challenging Market Dents Chow Sang Sang Sales
Revenue fell 15% in 2020 as pandemic restrictions hit sentiment.
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NGO Claims Lethal Ammunition Used at Petra Mine
Security guards at Williamson swapped rubber projectiles with metal, according to UK-based RAID.
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Mountain Province Loss Widens in 2020
Covid-19 impacted sales and operations at Gahcho Kué mine.
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Alrosa Delays April Trading Session
Miner seeks to maintain industry’s inventory balance.
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Lulo Mine Delivers Windfall of Large Stones
Lucapa finds another three diamonds over 100 carats.
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Auction Pause Pushes Gemfields to Steep Loss
Gemstone miner was unable to hold traditional sales for most of 2020.
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HRD Antwerp Launches Report for Polki Jewelry
Style featuring uncut diamonds has gained popularity outside India, lab explains.
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Swiss Watch Group Joins Jewelry Association
Federation of the Swiss Watch Industry and CIBJO share mission of protecting consumer confidence.
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Diamond Industry Stock Report

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.

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11 Jul 2018 Rap Ac Digital 300X300Px Static
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