News

Advanced Search

Rapaport TradeWire September 3, 2020

Sep 3, 2020 11:10 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet 600X160 Covid
Rapaport TradeWire
September 3, 2020
RAPAPORT MARKET COMMENT
image

Positive sentiment as the trade adapts to the Covid-19 selling environment. Polished prices firming due to shortages. 1 ct. RAPI +3.2% in Aug. Manufacturers seeing better profit margins after De Beers and Alrosa reduced rough prices. Polished production increasing but coronavirus restrictions still limiting Surat factories. Rough trading steady. Momentum likely to continue through October as retailers prepare holiday inventory. Signet Jewelers 2Q sales -35% to $888M, loss of $82M. Macy’s highlights strong jewelry category. Belgium July polished exports -35% to $580M, rough imports -30% to $376M. RapSpec A3 Diamond Specs changed to exclude faint fluorescence.

Alrosa Usa 600 X160 2
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct 0.42% 5.25% 13.31%
0.50 ct 0.80% 7.08% 13.28%
1.00 ct 1.02% 3.63% -0.82%
3.00 ct 0.77% 1.98% -5.43%
RAPI Yearly Graph
Amipi Rapnet Tradewire
Market Reports
image
United States: Bridal supporting the retail segment as jewelers start to plan inventory for holiday season...
image
Belgium: Polished shortages stimulating rough trading as manufacturers gradually raise production levels...
image
Israel: Prices firm, including for less popular goods such as those with medium blue fluorescence...
image
India: Momentum expected to continue until Diwali (November 14)...
image
Hong Kong: Demand from China driving activity, but limitations on delivery and foreign currency payments are making cross-border trade difficult for dealers...
image
Trade Wire 600X160 April 2018
Her style was her signature
WITH Jewelry Connoisseur by Rapaport

Olivier Baroin, an expert in the jewelry of Suzanne Belperron, shares how he identifies and values the designer’s unsigned works.

UPS AND DOWNS
image
Cheaper Diamonds Fire Life into Hidden World of Trading
image
Australian Pinks Expected to Fetch Millions at Auction
image
US Department Stores Could Be in ‘Last Stages’
image
No Buyer for Petra Mine After Two Months
image
Gia Tw Banner Id100 11 June 20
WEEKLY NEWS
industry
image
News Thumbnail
Rising Polished Prices Boost Sentiment
Indian manufacturers increase production to fill shortages.
News Thumbnail
Rough-Market Momentum Set to Continue
Improved polished demand and limited supply herald two more months of recovery, dealers say.
News Thumbnail
GIA Considers Shutting Antwerp Lab
Around 50 people could lose jobs, according to Belgian newspaper.
News Thumbnail
Hong Kong Show to Go Virtual
Organizer calls off physical event, which will return in September 2021.
News Thumbnail
GemGenève Cancels 2020 Fair
Travel restrictions and health precautions due to pandemic would have made holding exhibition difficult.
News Thumbnail
Lab-Grown Diamond Morphs from Yellow to Pink
Stone underwent irradiation and annealing to change its color.
retail
image
News Thumbnail
Signet Sales Better Than Expected
E-commerce growth boosts performance in second fiscal quarter.
News Thumbnail
Jewelry Among ‘Best Performers’ for Macy’s
Shift in spending from travel to luxury products has benefited business, company says.
News Thumbnail
Hong Kong Retail Continues to Slide in July
Revenue from jewelry, watches and other valuable gifts down 54%.
News Thumbnail
Chow Sang Sang Turns Focus to China
Jeweler will open over 40 stores on the mainland this year, while closing some in Hong Kong.
general
image
News Thumbnail
Rio Tinto Kicks Off Penultimate Pink Tender
Final sale will take place after Argyle mine closes at end of year.
News Thumbnail
Christie’s Online Diamond Sale Garners $1.5M
Graff necklace featuring 20.21-carat, yellow-brown pear takes top spot.
News Thumbnail
Belgium Sees Trading Slump Ease
Polished exports down 35% year on year in July.
News Thumbnail
Letšeng Mine Produces 233ct. Rough
Gem Diamonds’ discovery follows recent unearthing of 442-carat stone.
News Thumbnail
Kim Pelletier to Head Get Diamonds Platform
New CEO has experience at Polygon, De Beers and IGC.
News Thumbnail
Trans Atlantic Holds First Dubai Tender Since Feb.
Nearly 100 companies traveled to the emirate to participate.
News Thumbnail
Malca-Amit Executive Joins Antwerp’s HB
Manufacturer hires Boaz Lev as operations director and one of its managing partners.
Tw Jewelry Auction 090120 New
FINANCE
Diamond Industry Stock Report
image

Global retail stocks continued to rebound as consumer sentiment improved amid hopes for a coronavirus vaccine. Walmart (+13%), Signet (+9%), Macy’s (+9%), Chow Tai Fook (+9%), Kering (+9%), Luk Fook (+7%) and Pandora (+7%) all gained. Miners had a mostly positive week, with Lucapa (+8%), Gem Diamonds (+6%) and Petra (+6%) climbing. Lucara (-10%) was the exception.

600X160 Rapmag
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2020 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 September 17, 2020
Sep 17, 2020
Industry Retail Mining General Finance September 17, 2020 RAPAPORT MARKET COMMENT Rising expectations for
Rapaport TradeWire August 13, 2020
Aug 13, 2020
Industry Retail Mining General Finance August 13, 2020 RAPAPORT MARKET COMMENT Sentiment improving after
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 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.