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Rapaport TradeWire November 26, 2020

Nov 26, 2020 10:15 AM   By Rapaport
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Rapnet 600X160 Gemblog
Rapaport TradeWire
November 26, 2020

Positive sentiment as US holiday season begins. NRF retail group forecasts Nov./Dec. sales +3.6% to $755B as consumers show willingness to spend on spirit-lifting gifts after challenging year. Covid-19 continues to spread, with concerns about crowded shopping areas. Jewelers investing in e-commerce, pushing Black Friday promotions on social media. India sees release of pent-up demand over Diwali. China recovery gains momentum. Tiffany & Co. 3Q sales -1% to $1B, profit +52% to $119M. Human Rights Watch claims jewelry trade’s responsible sourcing falls short of international standards. The Rapaport Group wishes all our friends a happy Thanksgiving and a successful holiday season. 

2010 Ar Tc Rap 600X160 03
Weekly Monthly Y2Y
0.30 ct -0.30% -2.43% 4.01%
0.50 ct -0.65% -2.45% 14.17%
1.00 ct 0.22% 0.41% 3.28%
3.00 ct 0.68% 2.98% 0.14%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
United States: Steady activity across the supply chain, with bridal the strongest category...
Belgium: Exporters focused on US clients, with stable demand for 1 to 2 ct., G-H, VS-SI goods...
Israel: Lab-grown market relatively busy, with more dealers embracing synthetics...
India: Retail sentiment positive after good Diwali festival sales...
Hong Kong: Some caution as government imposes stricter measures to curb potential fourth wave of coronavirus infections...
Rapaport 600X160
Set to sparkle: Trendbook 2022+
WITH Jewelry Connoisseur by Rapaport

Alternative materials, gender-fluid designs and uncut gems will be the stars of upcoming seasons, says forecaster and creative director Paola De Luca.

Making the Most of the Holidays
WITH Lara Ewen

Between Covid-19 and political upheavals, this season’s prospects are looking uncertain. But retailers are finding bright spots in digital selling and innovative thinking.

SA State Diamond Trader Plans to Create Cutting Hub
US Retail Winning Fight to Stay Open as Virus Strengthens
Lawsuit Alleges Alex and Ani Didn’t Give Charity Cash
Jewelry Brands Face Awards Season Short on Glitz
Trade Wire 600X160 April 2018
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De Beers Buys Petra Blue Diamonds for $40M
Miner purchases five-stone collection in partnership with manufacturer and sightholder Diacore.
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Jewelers ‘Failing to Prevent Rights Abuses’
Human Rights Watch calls for mandatory sourcing rules and urges companies to name suppliers.
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Fancy Shapes Get Automation Boost
New Synova software will speed up diamond manufacturing and reduce costs.
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Sales Will Rise This Holiday, Retail Group Predicts
Revenue expected to grow between 3.6% and 5.2%, NRF says.
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Deloitte: Online to Overtake In-Store on Black Friday
74% of shoppers plan to purchase exclusively on e-commerce sites over four-day Thanksgiving weekend.
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Tiffany Profit Soars as China Recovers
Customers shift to higher-margin products in third quarter.
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Forevermark to Make Greater Use of De Beers Name
Brand alignment will help jeweler benefit from miner’s social-purpose efforts.
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Diwali Sales Shine as ‘Bored’ Consumers Return
Jewelry revenues beat expectations during Indian festival season.
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China Rebound Boosts Chow Tai Fook Profit
Figure up 45% as mainland sales rise and gold prices surge.
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Jewelry Gives Shining Performance at Macy’s
Category generates double-digit sales growth compared to previous year.
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Luk Fook Warns of Profit Drop
Hong Kong jeweler expects decline of 40% year on year in first half.
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Letšeng Yields 14ct. Pink Diamond
Recovery of “top-quality,” type II stone is latest in string of important finds at the Gem Diamonds mine.
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Okavango Diamond Chief Resigns
Marcus ter Haar had been managing director of the Botswana rough trader since 2017.
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Elliot Krischer to Head NY Diamond Dealers Club
CEO of Esskay Gems succeeds Reuven Kaufman, who was president since 2011.
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Colored Gemstones Get New Ratings System
Gübelin’s numerical method is based on wine scores.
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US Polished Imports Continue to Drop
September sees 18th consecutive monthly decline as shipments fall 10% year on year.
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Lab Grades Its Largest CVD Diamond
International Gemological Institute says 12.75-carat synthetic stone has F color and VVS2 clarity.
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Israel Polished Exports Slump
Shipments down 37% in first 10 months of the year.
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Diamond Industry Stock Report

Global retail stocks continued to rise following news of an imminent Covid-19 vaccine. Macy’s (+22%), Signet (+15%), Chow Tai Fook (+5%), Pandora (+5%) and Richemont (+3%) all gained. Luk Fook (-2%) slipped after reporting a plunge in profit. Mining shares were mixed. Petra (+17%) climbed following the sale of five blue diamonds for more than $40 million. Mountain Province (+10%) and Anglo American (+8%) also rose, while Lucara (-6%), Lucapa (-4%) and Gem Diamonds (-3%) fell.

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