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Rapaport TradeWire May 27, 2021

May 27, 2021 10:51 AM   By Rapaport
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Ig Tw Banner Diamond And Jewelry Garding 25 April 2021
Rapaport TradeWire
May 27, 2021

Upbeat US and China retail sales driving positive sentiment. Trading limited due to supply scarcity and India Covid-19 travel restrictions. Polished shortages stimulating rough buying at firm prices. Strong cash buyers making for good market liquidity, but India experiencing some pandemic-related payment concerns. Richemont FY jewelry sales +3% to $9.1B. Christie’s HK sells $76.8M (82% by lot), including cushion-cut, 15.81 ct., fancy vivid purplish-pink, IF diamond ring going for $29.3M ($1.9M/ct.). Belgium Apr. polished exports +330% to $566M, rough imports +643% to $933M. Sarine partners with Constell Group on technology solutions for lab-grown sector.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct 0.30% 1.23% 6.93%
0.50 ct 0.07% 1.00% 14.90%
1.00 ct 0.02% 0.95% 18.76%
3.00 ct 1.12% 2.16% 12.84%
RAPI Yearly Graph
Gia Tw Banner Id100 11 June 20
Market Reports
United States: Old mine and European cuts selling well as consumers seek unique pieces with stories...
Belgium: Emphasis on online selling as Covid-19 travel constraints lead to absence of foreign buyers...
Israel: Large cash purchases injecting liquidity into the market...
India: Production levels steady despite worker absences due to pandemic...
Hong Kong: Dealers optimistic as local retail performs better than in previous years and Chinese jewelers report upbeat spring sales...
Tradewire Banner Hr Final
Rapaport Webinar: Five Steps Toward Recovery
WITH Avi Krawitz

As the diamond industry emerges from the Covid-19 crisis, Rapaport Senior Analyst Avi Krawitz identifies five trends shaping the market in 2021. The recent Rapaport Diamond Trends Webinar, which is now available to view, discusses those developments and assesses the current state of the market.

How to mix modern and vintage jewelry in your store
WITH Jewelry Connoisseur by Rapaport

Having a stylized selection of pieces from both past and present periods makes for fresh looks and successful sales, explains jewelry consultant Beth Bernstein.

Tender Aims to Develop Secondary Market for Argyle Pinks
Can Macao Become a Luxury Hub for Chinese Tourists?
Ocean Floor Diamonds Are Officially a Thing
US Retailers Face Headwinds from Slowing E-Commerce
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Christie’s Sells Pink Diamond for Record $29M
Stone fetches $1.9 million per carat at Hong Kong Magnificent Jewels auction.
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73ct. Yellow to Shine at Sotheby’s New York Sale
The Sienna Star carries estimate of up to $3 million.
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Indian Jeweler Mehul Choksi Arrested in Caribbean
Businessman was allegedly involved in India’s largest banking fraud.
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Bain: Luxury to Rebound Earlier Than Expected
Consultancy firm cites strong recovery in China and renewed consumer confidence in US.
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Jewelry Sales Support Richemont in Tough Year
Revenue for the category up 3% in fiscal year ending March 31.
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Watches of Switzerland Sales Soar
E-commerce and lifting of coronavirus restrictions boost revenue in UK and US.
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Lucapa to Buy Australia’s Merlin Mine
Company sells shares to fund $6.6 million acquisition.
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Belgium Polished Exports Rebound
April shipments more than quadrupled from peak of crisis a year earlier.
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Sarine Partners with Cutting Firm on Lab-Grown
Collaboration aims to improve efficiency in the sector.
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Stuller Appoints Head of Gemological Lab
Guy Borenstein brings 15 years of experience to the job.
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Christie’s Unveils Vintage Selection for Paris Sale
Auction to offer jewelry from 19th and early 20th centuries.
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IGI Debuts Training Courses in Egypt
Gemological lab claims to be first to offer education services in the country.
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India Exports Hit Two-Year High
Polished shipments rebound from last year’s slump.
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12ct. Diamond Crushes Estimate at Skinner Sale
Marquise-cut “Gibson Girl” stone brings in $472,000 at May 18 sale.
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Shairu Becomes India’s ‘First Carbon-Neutral Cutter’
Diamond manufacturer achieves status by offsetting all its emissions.
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Fancy-Blue Diamonds to Lead Phillips Auction
Earrings carry upper estimate of $770,000.
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Diamond Industry Stock Report

Global retail stocks rose amid positive consumer sentiment. Richemont (+13%), Chow Sang Sang (+11%), Chow Tai Fook (+9%), Pandora (+6%), Luk Fook (6%), Kering (+4%) and LVMH (+4%) climbed. Miners had a mostly difficult week, with Lucapa (-7%), Mountain Province (-4%), Petra (-3%) and Alrosa (-2%) falling. Lucara (+4%) and Rio Tinto (+2%) bucked the trend.

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11 Jul 2018 Rap Ac Digital 300X300Px Static
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