News

Advanced Search

Rapaport TradeWire January 28, 2021

Jan 28, 2021 11:01 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet Holidays
Rapaport TradeWire
January 28, 2021
RAPAPORT MARKET COMMENT
image

Mixed sentiment as trading has slowed from previous weeks. Polished inventory increasing after strong Dec.-Jan. rough buying. High expectations for China retail recovery during Chinese New Year. US Jan. consumer confidence +3%, boosted by stimulus package, says Conference Board. Concerns due to rising Covid-19 infections, 6.7% unemployment, and slow vaccine rollout. US jewelry trade -2.2% in 4Q to 24,233 businesses, JBT reports. LVMH 2020 jewelry & watch sales -24% to $4.1B. De Beers 4Q sales volume -1% to 6.9M cts., 2020 rough price index -10%. JCK Las Vegas show postponed to August. Martin Rapaport webinar presentation “Surfing Waves of Change” to take place on Feb. 4. Register here.

2010 Ar Tc Rap 600X160 03
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct 0.94% -0.42% -0.36%
0.50 ct 0.24% -1.58% 9.52%
1.00 ct -0.34% -0.57% 4.80%
3.00 ct 0.24% 1.42% 5.43%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
image
United States: Large-stone market has softened from previous weeks...
image
Belgium: Steady US demand for 1-carat diamonds...
image
Israel: Improving market for 3 ct., D, IF signals shift following weakness in previous years...
image
India: Manufacturers raising production levels after strong rough buying in December-January...
image
Hong Kong: Rising expectations for retail sales in mainland China during lunar festival shopping season...
image
Gia Tw Banner Id100 11 June 20
Tracing the Diamond Journey
WITH The Rapaport Diamond Podcast

The second episode in a special series on technology looks at how the industry can give consumers the transparency and origin information many of them seek. A panel of experts joins Rapaport Senior News Reporter Joshua Freedman to discuss the important topic.

The Struggle for Inclusion
WITH Leah Meirovich

Six months ago, BIPOC jewelry professionals put out a call for greater equality and diversity in the trade. How much has changed since then?

Old styles, new challenges
WITH Jewelry Connoisseur by Rapaport

How did estate jewelers keep business going amid the setbacks of the pandemic? Three of them share their experiences.

UPS AND DOWNS
image
Production Restarts at Ekati Mine with Sale Imminent
image
Diamond Trade Roaring Back Thanks to Home Shoppers
image
New Lows for Luxury High-Street Retail Across US
image
Swiss Court Jails Israeli Diamond Magnate for Corruption
image
Tw Wavesof Change 012821
WEEKLY NEWS
industry
image
News Thumbnail
JCK Reschedules Vegas Show for August
New timescale is “best path forward to reunite jewelry industry in 2021,” organizers say.
News Thumbnail
Basel Show HourUniverse Postponed
Swiss watch and jewelry fair now slated to take place this summer.
News Thumbnail
Synthetics Producer Rebrands in Sustainability Push
WD Lab Grown changes name to Latitude, acquires CVD company.
News Thumbnail
GIA Spots Rare Inscription Fraud in Simulant
Forged report numbers made three synthetic moissanites appear to be natural diamonds.
retail
image
News Thumbnail
LVMH’s Jewelry and Watch Revenue Slides in 2020
Sales from the division down 24% for the year.
News Thumbnail
US Jewelry Trade Continues to Contract
Number of businesses in operation falls 2.2% year on year in fourth quarter.
mining
image
News Thumbnail
De Beers Lowers 2021 Production Outlook Again
Miner cites operational issues; diamond demand strong at start of year.
News Thumbnail
Lucara Finds Second Large Diamond This Year
Company recovers high-quality, 378-carat stone at Karowe deposit.
News Thumbnail
Rough Prices Rise at Mountain Province Sale
Confidence among buyers likely to continue, predicts CEO Stuart Brown.
News Thumbnail
Lucapa Revenue Slides in Fourth Quarter
Miner held off selling rough from Mothae during the period while it negotiated a partnership deal with Safdico.
News Thumbnail
Small Mines Restart Amid Rough Recovery
Diamcor and BlueRock see strong prices at recent sales.
general
image
News Thumbnail
Israel Optimistic After Heavy Trading Slump
Polished exports drop 31% in 2020, but “exceptional” December points to recovery.
News Thumbnail
Initiative Offers $1M Credit to Minority Designers
Program by Natural Diamond Council and jeweler Lorraine Schwartz will give BIPOC community greater access to trade.
News Thumbnail
Diamond Foundry to Promote US-Made Goods
Lab-grown producer plans to launch American Diamond Council this spring.
News Thumbnail
Strong China Demand Bolsters Swiss Watches
Shipments to the country rise 45% year on year in December.
600X160 Tech Podcast Ep 2
FINANCE
Diamond Industry Stock Report
image

US retail shares rose on the back of better-than-expected unemployment data, as well as the rally on GameStop, which led to surging prices of highly shorted stocks such as Macy’s (+44%). Signet (+14%) also increased. European equities performed less well amid continued lockdowns, with Swatch Group (-4%), Richemont (-2%), Pandora (-2%) and Kering (-2%) losing ground. Miners also had a bad week, as Anglo American (-11%), Mountain Province (-8%), Rio Tinto (-6%), Gem Diamonds (-5%), Petra (-4%) and Alrosa (-3%) all slipped. Lucara (+13%) was the exception.

Rnshort Supply 101520 Ban 300X300 Static V3C
Rninst Inv Banner More Customers 100120 Static 300X300
Ris Jclaunch Banners 121619 Statics Final 300X300 New
January 2021 Ss Tw Square
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2021 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 April 8, 2021
Apr 08, 2021
Industry Retail Mining General Finance April 8, 2021 RAPAPORT MARKET COMMENT Polished trading slower after
Rapaport TradeWire March 11, 2021
Mar 11, 2021
Industry Retail Mining General Finance March 11, 2021 RAPAPORT MARKET COMMENT Positive trading amid
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.