Advanced Search

Rapaport TradeWire October 15, 2020

Oct 15, 2020 10:39 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet 600X160 Gemblog
Rapaport TradeWire
October 15, 2020

Rising expectations for US holiday season. Retailers beginning early promotions and planning for longer 4Q selling period to avoid overcrowding among last-minute shoppers. Shortages supporting polished prices after manufacturing down by estimated 50% in 2020. Large volume of new polished expected to become available before year’s end following strong 3Q rough buying. De Beers Sep. sales +57% to $467M, Alrosa +28% to $328M. GIA launches four digital synthetic-diamond reports specifying 4Cs and growth method. New CIBJO guidelines say lab-grown diamonds should get “product specifications” instead of grading reports in order to preserve rarity of natural diamonds.

2009 Ar Rap 600X160 02
Weekly Monthly Y2Y
0.30 ct -0.75% 2.59% 14.55%
0.50 ct 0.02% 5.23% 19.78%
1.00 ct 0.38% 1.86% 2.86%
3.00 ct -0.05% 0.54% -4.11%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Steady memo calls as retailers limit owned inventory in the Covid-19 economy...
Belgium: Good European demand as limited travel prompts dealers to focus on the local market...
Israel: Shortages supporting prices for certain categories, but large volume of goods expected to become available as production levels rise...
India: Polishing factories operating at around 70% capacity as manufacturers prepare for rise in holiday orders...
Hong Kong: Slow retail sales during important Golden Week shopping period due to slump in tourism and weak consumer sentiment...
Gia Tw Banner Id100 11 June 20
Diamond Trends Webinar: A Holiday Season Like No Other
WITH Avi Krawitz

In our quarterly webinar series, we will assess the state of the diamond market at the start of the all-important fourth-quarter holiday season, and outline the trade’s strengths, weaknesses, opportunities and threats. The webinar will take place on Wednesday, October 21, 2020, at 10 a.m. EST.

The Importance of Being Tiffany
WITH Rapaport Research Report

The October issue of the Rapaport Research Report outlines why the legal battle between Tiffany & Co. and LVMH over their failed acquisition deal has ramifications for the diamond and jewelry industry. 

Alrosa Sees Diamond Sales Stabilizing in 4Q
Alex and Ani Founder to Launch New Company
Retailers Brace for More Pandemic Trouble
Uncertainty at Ekati Mine Takes Toll on Workers
600X160 Webinar Ani Gif
News Thumbnail
Alrosa Cancels October Rough Sale
Miner seeks to avoid releasing too many goods amid fragile market recovery.
News Thumbnail
‘Grading’ Is Just for Natural Diamonds, Says CIBJO
Reports on synthetic stones should be called “product specifications” instead, World Jewellery Confederation insists.
News Thumbnail
Sotheby’s Expects Pink to Fetch Up to $38M
The diamond, named Spirit of the Rose, comes from Alrosa’s Ebelyakh mine in Yakutia.
News Thumbnail
GIA Unveils New Lab-Grown Reports
Documents are digital-only format and include specific color and clarity grades.
News Thumbnail
Pandemic Boosting Demand for Secondhand Luxury
Market for pre-owned watches and jewelry growing 8% per year, according to Boston Consulting Group.
News Thumbnail
Tiffany Encouraged by 3Q Momentum
Strong growth in China and e-commerce sales driving recovery.
News Thumbnail
How a Client Advisory Board Can Help Your Store
Bringing your best customers and brand advocates into the decision-making process can give you an edge in serving your target market, say jewelry experts.
News Thumbnail
Pandora Raises Full-Year Forecast
Jump in online sales and reopening of stores lead to improved revenue.
News Thumbnail
Tse Sui Luen Expects Loss Amid Tourist Slowdown
Pandemic hits Hong Kong-based jeweler’s sales in fiscal half ending September 30.
News Thumbnail
Michael Hill Sees Rise in Same-Store Sales
Increased online purchasing and desire for branded pieces buoy revenue.
News Thumbnail
De Beers September Sales Soar 57%
Miner records highest total since January as manufacturers seek goods for holidays.
News Thumbnail
Alrosa Sees Continued Improvement in Sales
Revenue up 30% year on year in September as manufacturers return to buying.
News Thumbnail
Star Diamond Considers Nixing Deal with Rio Tinto
Company believes Australian miner is breaking large diamonds during removal process.
News Thumbnail
Dominion’s Ekati Sale Falls Through
Insurers failed to reach agreement with buyer of mine in Canada.
News Thumbnail
US Diamond Trade Declines in August
Polished imports slide 39%; exports fall 37%.
News Thumbnail
Bonhams Appoints New Chairman
Hans-Kristian Hoejsgaard will take over from Bruno Vinciguerra, who has become global CEO.
News Thumbnail
Diamond Wholesaler Ralph Vantyghem Dies
He and his wife founded Canada’s Vantyghem Diamonds in 1973.
News Thumbnail
Hong Kong Show Cancellation Hits Belgium Trade
Polished exports down 40% in September as recovery stalls.
News Thumbnail
Jewelers for Children Unveils Annual Donations
Organization to distribute $475,000 this year, bringing running total to $57.3 million since 1999.
Rnhelps Me Jonathan Goldberg 100120 Ban 600 X160 Static
Diamond Industry Stock Report

Global retail stocks took a tumble amid uncertainty over whether the US government would approve a new stimulus package. Swatch Group (-7%), Chow Tai Fook (-4%), Chow Sang Sang (-4%) and Richemont (-4%) all fell. However, US retail rose as investors prepared for strong holiday sales, with Signet (+10%), Macy’s (+3%), Walmart (+2%) and Tiffany (+1%) all gaining. Mining shares were mixed: Mountain Province (-11%) and Lucara (-5%) fell, while Lucapa (+3%) and Gem Diamonds (+3%) climbed.

Rnshort Supply 101520 Ban 300X300 Static V3C
Rninst Inv Banner More Customers 100120 Static 300X300
300X300 Rapmag
Tw Square – October 14 25 Ss
Contact Us
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 July 22, 2021
Jul 22, 2021
Industry Retail Mining General Finance July 22, 2021 RAPAPORT MARKET COMMENT Market upbeat despite
Rapaport TradeWire June 24, 2021
Jun 24, 2021
Industry Mining General Finance June 24, 2021 RAPAPORT MARKET COMMENT Optimism driven by shortages and
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.