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Rapaport TradeWire January 28, 2021

Jan 28, 2021 11:01 AM   By Rapaport
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Rapaport TradeWire
January 28, 2021

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
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
United States: Large-stone market has softened from previous weeks...
Belgium: Steady US demand for 1-carat diamonds...
Israel: Improving market for 3 ct., D, IF signals shift following weakness in previous years...
India: Manufacturers raising production levels after strong rough buying in December-January...
Hong Kong: Rising expectations for retail sales in mainland China during lunar festival shopping season...
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.

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

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.

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January 2021 Ss Tw Square
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