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Rapaport TradeWire December 3, 2020

Dec 3, 2020 10:50 AM   By Rapaport
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Rapnet 600X160 Gemblog
Rapaport TradeWire
December 3, 2020

E-commerce driving sales at start of US holiday season. Black Friday online spending +22% to $9B, Cyber Monday +15% to $10.8B, reports Adobe Analytics. In-store shopping sluggish due to ongoing spread of Covid-19. Foot traffic -55% on Thanksgiving Day, according to NRF. Black Friday jewelry sales -54%, says RetailNext. Signet 3Q sales +9% to $1.3B, profit of $9.3M vs. loss of $36M. Cyberattack disrupts Stuller operations. Polished trading stable at lower levels. 1 ct. RAPI +0.5% in Nov. De Beers pledges to disclose country of origin for most of its diamonds by 2030. Dubai’s DMCC opens office in Israel Diamond Exchange. Elliot Krischer elected president of NY Diamond Dealers Club.

2010 Ar Tc Rap 600X160 03
Weekly Monthly Y2Y
0.30 ct -0.23% -1.88% 2.91%
0.50 ct -0.48% -1.95% 13.48%
1.00 ct 0.15% 0.64% 3.56%
3.00 ct 0.88% 2.90% 2.09%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
United States: Positive sentiment among e-commerce sellers as digital drives holiday retail sales...
Belgium: Polished trading improving despite ongoing lockdown...
Israel: Dealers uncertain about prospects for holiday season and anticipate little momentum in 1Q 2021...
India: Cutters seeking goods from local tender houses amid travel restrictions...
Hong Kong: Anxiety about potential fourth coronavirus wave, with local demand uncertain and Chinese tourists absent...
Magnificent Jewels
Diamond Market Now Recovering from Covid-19
New Diamond and Gold Deposit Found in Canada
Zimbabwe Community Clashes with Diamond Mine
Child Labor at CAR Diamond Mines Rises Amid Pandemic
Trade Wire 600X160 April 2018
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Signet Sales Jump as Holidays Start Early
Quarterly revenue rises for first time in two years.
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Black Friday Online Sales Reach Record High
US digital spending for the day up 22% year on year at $9 billion.
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US Holiday Weekend Spending Falls
Average for five-day Thanksgiving period down 14%.
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Hong Kong Retail Decline Narrows in October
Consumer sentiment up amid stable health situation, government says.
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Cyber Monday Haul Largest in US History – Adobe
Online sales increase 15% year on year to $10.8 billion.
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Jewelry Sales Fall on Black Friday
In-store purchases slide 54% year on year, according to RetailNext.
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Zales Debuts Online Market for Emerging Designers
Launch follows nationwide search for “maverick” contributors.
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Holiday Demand Uplifts Diamond Trade
RAPI for 1-carat goods rises 0.5% in November.
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HK Uncovers Largest Smuggling Case in Years
Officials at China border seize 162 diamonds hidden in truck driver’s pocket.
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Dubai Opens Office in Israel Diamond Exchange
Representative outpost will help bourse members launch UAE operations.
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Stuller Close to Normal Operations After Cyberattack
Deliveries resuming and communications systems back in action.
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De Beers Aims for Full Traceability by 2030
Miner also seeks to achieve carbon neutrality within a decade.
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Gem Diamonds Unearths 179ct. Rough
Stone is miner’s 16th over 100 carats this year.
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Lucapa Unveils 15ct. Polished Pink Diamond
Graff subsidiary Safdico cut heart-shaped stone from 46-carat rough.
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Emerald Necklace Goes for $7M at Christie’s
Edmond Chin piece leads $51.5 million Hong Kong Magnificent Jewels sale.
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Gem Auction Aims to Raise Awareness of Ethics
Columbia Gem House will sell pieces by 25 designers to benefit three charities.
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Rough Demand Strong at Trans Atlantic Tender
Company sells “almost 100%” of goods at Dubai event.
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Phillips Garners $9M at Hong Kong Auction
Convertible necklace by Feng J is top lot, selling for $2.6 million.
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Diamond Industry Stock Report

Global retail stocks fell amid a resurgence of Covid-19 cases and a rise in unemployment. Richemont (-4%), Signet (-4%), Swatch (-3%), Chow Sang Sang (-2%) and Chow Tai Fook (-2%) all slipped. Birks (-28%) dropped following disappointing sales results. Mining shares fared well, with Lucapa (+8%), Rio Tinto (+8%), Lucara (+6%), Anglo American (+6%) and Gem Diamonds (+6%) all gaining. Petra Diamonds (-4%) lost ground after shareholders failed to approve a bid to restructure its debt.

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Tw Square Quarterly And Melee Combo December 7 17 2020
Rnshort Supply 101520 Ban 300X300 Static V3C
Rnhelps Me Raman Nourizad 101420 Ban 300X300 Static
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