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Rapaport TradeWire August 19, 2021
Aug 19, 2021 10:59 AM
By Rapaport
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| August 19, 2021 | | RAPAPORT MARKET COMMENT | | | | Dealers optimistic about US market ahead of next week’s Las Vegas shows. Low visitor traffic expected. Buyers who do attend will be looking for goods and testing price levels. Foreign suppliers unable to go but watching for signals about trends and holiday prospects. Polished prices stable despite seasonal slowdown. Buyers resisting higher prices; sellers holding prices firm due to steep rough costs. Rough market robust. Stable supply anticipated at Aug. De Beers sight. Alrosa 2Q profit $412M vs. $4M in 2020. Rapaport Breakfast and Social Responsibility Conference taking place at JCK on Sunday, August 29. Register here. Rapaport Magazine publishes special Social Responsibility issue. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.20% | -0.75% | 4.85% | | 0.50 ct | -0.05% | -0.16% | 9.51% | | 1.00 ct | 0.06% | 0.56% | 20.54% | | 3.00 ct | -0.01% | 0.72% | 17.65% | | | | 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: Recent price growth making sourcing difficult... | | | | | Belgium: Trading quiet; many dealers still on vacation... | | | | | Israel: Fourth local coronavirus wave raising concerns amid talk of possible lockdown in September... | | | | | India: Polished production at 70% to 80% capacity, but manufacturers concerned about high rough prices... | | | | | Hong Kong: Suppliers maintaining stable discounts for 1 to 3 ct. sizes despite growing inventories and mixed demand... | | | | | | | Webinar: Bubble Trouble? | | | | WITH AVI KRAWITZ | The diamond market is showing contradictory signs as to whether the recent positive growth trend will continue for the remainder of this year and into 2022. Rapaport Senior Analyst Avi Krawitz explores these prospects and general market conditions in the quarterly Diamond Trends Webinar. | | | | | Adding Value to the Narrative | | | | WITH THE RAPAPORT DIAMOND PODCAST | Diamond companies need a plan to stay ahead of the changing market. In episode 47 of the Rapaport Diamond Podcast, Avi Krawitz speaks with industry consultant Anish Aggarwal about the evolving nature of the trade. | | | | | The Business of Doing Good | | | | WITH RAPAPORT MAGAZINE | Iris Van der Veken, executive director of the Responsible Jewellery Council, discusses how the UN’s 17 Sustainable Development Goals can help companies boost consumer confidence. | | | | | WEEKLY NEWS | | | | | | US Demand Far Exceeds Supply | | Wholesale activity continues its upward trajectory — at least for the near future. | | | | | Stuller Pulls Out of JCK Las Vegas Show | | US jewelry supplier cites Covid-19 resurgence as reason for not attending. | | | | | | | | | US Retail Keeping Up Steady Momentum | | Store owners enjoy buoyant sales even as travel spending returns. | | | | | Diamond Sector Says ‘Thank You’ to Consumers | | New industry marketing campaign emphasizes how purchases benefit communities. | | | | | Pandora Revenue Rises on Strong US Demand | | Sales up 84% year on year for second quarter. | | | | | | | | | Alrosa Mulls Production Boost After Strong Quarter | | Miner could increase 2021 output plan by 5%. | | | | | BlueRock Finds Its Largest Diamond Yet | | 58.6-carat rough came from company’s Kareevlei deposit in South Africa. | | | | | | | | | US Retail Sales Take Downturn in July | | Revenues across all product categories slipped 1.1% compared to previous month. | | | | | IGI Grades ‘Record’ 14.6ct. Lab-Grown Diamond | | Stone is largest gem-quality CVD specimen ever produced, organization claims. | | | | | India Sees Highest Polished Exports Since Feb. 2019 | | Shipments more than doubled year on year in July. | | | | | 12ct. Kashmir Sapphire Prompts Bidding War | | Ring sells for total of $243,888 at Fellows auction. | | | | | | | | Diamond Industry Stock Report | | | Global stocks tumbled this week after the US Federal Reserve discussed the possibility of winding down the country’s economic stimulus program. European shares took the heaviest hits, with Kering (-15%) and De Beers owner Anglo American (-15%) heading the declines. Canadian retailer Birks Group (+25%) and India’s Titan (+3.1%) bucked the trend. | | | | | 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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