|
|
Rapaport TradeWire September 2, 2021
Sep 2, 2021 11:11 AM
By Rapaport
|
|
|
| September 2, 2021 | | RAPAPORT MARKET COMMENT | | | | Dealers return from Las Vegas optimistic for holiday season. Good orders at JCK, Luxury, Antique and Couture shows signal positive sentiment among US independents. Major retailers did not attend but are seeing momentum online and in-store. Signet Jewelers 2Q revenue +101% to $1.8B, profit of $225M vs. loss of $82M a year earlier. Chow Sang Sang 1H sales +69% to $1.4B. Sustainability emerges as key branding and sales point. Brilliant Earth prepares Nasdaq IPO as 1H sales +78% to $163M, profit of $11M vs. $200K a year ago. Rough trading strong after De Beers sight; not enough polished to meet demand. Belgium July polished exports +23% to $710M, rough imports +147% to $927M. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.41% | -1.60% | -0.69% | | 0.50 ct | -0.30% | -0.91% | 4.52% | | 1.00 ct | -0.11% | 0.03% | 17.84% | | 3.00 ct | 0.15% | 0.30% | 16.29% | | | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | Market Reports | | | | | United States: Upbeat trading at Las Vegas shows, with serious buyers present despite low attendance overall... | | | | | Belgium: Customers buying in response to specific needs rather than for inventory as prices remain high... | | | | | Israel: Activity muted as Covid-19 spike continues and Jewish High Holy Days approach... | | | | | India: Polished production limited; rough resale providing better margins than manufacturing... | | | | | Hong Kong: Demand shifting to smaller sizes... | | | | | | | Diamond Foundry Aims to Be a Bright Alternative | | | | WITH GWYNETH BORDEN | The company wants to better the jewelry world with its lab-grown stones, carbon-neutral rating and social programs. | | | | | Circular Thinking | | | | WITH PAOLA DE LUCA | By recycling, upcycling and reusing our materials, we can meld the past with the present to create a greener future. | | | | | WEEKLY NEWS | | | | | | Diamond Prices Steady After Vegas Shows | | Industry optimistic amid strong jewelry retail activity. | | | | | Diamond Dealers on Doing the Right Thing | | Wholesalers have embraced ethical sourcing as a cornerstone of their trade. | | | | | Good Business at Vegas Jewelry Shows | | Mask-clad vendors satisfied with trading as JCK fair closes. | | | | | | | | | Signet Sales Beat Expectations Again | | Retailer raises full-year forecast after buoyant quarter. | | | | | Brilliant Earth to List Shares on Nasdaq | | Online-focused jeweler saw sales of more than $250 million in 2020. | | | | | Holiday Confidence High for Diamonds | | Dealers enjoy unusually strong summer period. | | | | | Hong Kong Retail Sales Still Struggling to Recover | | Revenue from jewelry up 27% year on year in July, compared to a 32% increase in June. | | | | | Do Consumers Care About Social Responsibility? | | Four jewelers weigh in on whether their clients are concerned about products’ sustainable origins. | | | | | China Expansion Buoys Chow Sang Sang | | Opening of 50 new stores in the country boosted sales in first half. | | | | | | | | | Diamcor Losses Deepen Amid Virus Restrictions | | Operations at South Africa mine remained limited during past quarter. | | | | | BlueRock Sells Three Large Diamonds for over $1M | | Miner garners $585,000 for 58.6-carat rough at August tender. | | | | | | | | | Storied Brooch Makes Its Way to Auction | | Duchess of Devonshire wore jewel to Prince Rupert Loewenstein’s White Ball. | | | | | Canada Mining Region Gets Second Manufacturer | | Diamonds de Canada counts RDI founder Michael Indelicato among its owners. | | | | | JBT Hails New ‘Low-Cost’ Memo Filing Service | | Process helps suppliers protect ownership of consignment goods. | | | | | Diamond Ring Smashes Estimate at Fellows Auction | | Piece brings in $22,705 following 72 bids. | | | | | Belgium Diamond Exports Continue to Rise | | Rough and polished shipments see further recovery in July. | | | | | | Contact Us |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|