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Rapaport TradeWire April 8, 2021

Apr 8, 2021 10:44 AM   By Rapaport
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Rapaport TradeWire
April 8, 2021

Polished trading slower after robust 1Q. Concerns about high Covid-19 infections in Europe and India. Bharat Diamond Bourse sharply restricts activity. Surat manufacturing and exports continue. US jewelers optimistic as consumer confidence grows in March. Vaccine rollout and $1,400 stimulus checks fueling retail spending. Rough market cooling. Cutters anticipate rise in polished inventory as GIA releases backlog. De Beers sells $440M of rough in Mar./Apr. vs. zero last year. Lucara extends exclusive large-stone rough supply deal with HB Antwerp for two years. Signet acquires jewelry rental company Rocksbox. Israel 1Q polished exports +12% to $828M.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct 0.10% -1.58% 4.82%
0.50 ct 0.08% -1.33% 15.37%
1.00 ct 0.36% 0.96% 16.03%
3.00 ct 0.36% 0.13% 2.88%
RAPI Yearly Graph
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Market Reports
United States: Retail jewelers optimistic with good bridal sales ahead of summer wedding months...
Belgium: Dealers hoping US and Chinese buyers will turn to Antwerp instead of India during Mumbai lockdown...
Israel: Suppliers starting to travel again to reconnect in person with buyers after successful vaccination drive...
India: Manufacturers refocusing on natural diamonds after drop in lab-grown prices...
Hong Kong: Some confidence that border with mainland will reopen, lifting major barrier to trade...
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Tiffany & Co. Is the Surprise Winner of April Fool’s Day
The Stars’ Jewelry Shone at This Year’s SAG Awards
Italy Prosecutors Seek Mass Trial in Diamond Fraud Probe
UBS Predicts 80,000 Stores Will Close in the US by 2026
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Diamond Trade Upbeat Ahead of 2Q Slowdown
US and Chinese demand support buying activity in March.
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Mumbai Bourse to Shut Amid Covid-19 Spike
State government imposes lockdown after infections soar.
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Mumbai Diamond Services Get Approval to Continue
Restrictions in Maharashtra state exclude grading and other support activities.
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First Nation Group at Loggerheads with De Beers
Body of Indigenous people in Canada opposes company building new landfill on Victor mine site.
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‘Peculiar’ Coloring Helps GIA Spot Treatment
Green-yellow diamond was originally brown, researchers posit.
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Covid-19 Upsets Plans for India, Hong Kong Shows
Rising cases and continued restrictions force latest postponements.
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US Proposes Tariffs on Select Indian Jewelry
Washington, DC, threatens duties of up to 25% in response to e-commerce tax.
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Signet Acquires Jewelry Rental Subscription Site
Rocksbox will help company expand its services business, management says.
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Hong Kong Retail Sales Bounce Back
Business environment still difficult, government cautions.
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Titan Jewelry Sales Continue Recovery
Revenue at Indian retailer up 70% for three months ending March 31.
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Apparel Group Buys Lifestyle Brand for $3.6M
Clothing and jewelry label Logo, founded by Lori Goldstein, sells to Xcel.
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Malabar Gold & Diamonds Opens 56 New Stores
India-based chain will spend $220 million on expansion over next two years.
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De Beers Rough Sales Stabilize
March cycle grosses $440 million, but company warns of Covid-19 impact.
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Lucara Extends Large-Stone Supply Agreement
Miner will continue to sell all rough over 10.8 carats to manufacturer HB Antwerp for two years.
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Petra’s Cullinan Mine Yields 39ct. Blue
Stone has “exceptional” color and clarity, company says.
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Alrosa Appoints New Head of Mining Division
Sergey Pavlenko will lead the Udachny unit, succeeding Roman Deniskin.
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Lulo Mine Turns Out Sixth Large Stone This Year
Lucapa recovers 144-carat, D-color, type IIa diamond from Angola deposit.
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Jewelers of America Unveils CASE Award Winners
Group hands out prizes to designers in 14 categories.
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Israel’s Rebound Continues as Exports Grow
Polished shipments out of the country rise 12% in first quarter.
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Jewelers Board of Trade Reelects Chairman
Ann Arnold of Buyers Intelligence Group will serve a second term.
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Larger Rough in Demand at Trans Atlantic Sale
March tender grosses $60 million amid strong market for 0.75-carat goods and above.
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Jewelers of America Takes GEM Awards Online
Organization’s third National Convention will also be digital.
600X160 Rapmag
Diamond Industry Stock Report

Retail stocks rose as the American economy reopened and consumers began spending again. A decline in US unemployment and President Joe Biden’s new stimulus plan also bolstered share prices. Pandora (+6%), Chow Sang Sang (+5%), Chow Tai Fook (+5%), LVMH (+3%), Walmart (+3%) and Richemont (+3%) gained. Miners had a positive week, with Petra (+8%), Gem Diamonds (+8%), Anglo American (+7%) and Rio Tinto (+4%) all climbing.

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