News

Advanced Search

Rapaport TradeWire October 7, 2021

Oct 7, 2021 10:34 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
October 7, 2021
RAPAPORT MARKET COMMENT
image

Trade optimistic for US holiday season, but buyers cautious due to high price levels. 1 ct. RAPI -0.5% in Sep. Polished inventory rising, with large volume of 0.30 to 0.50 ct. goods. Six-week backlog at GIA Mumbai lab. Rough market firm during sight week amid shortfall in De Beers supply. De Beers holds first GemFair auction of rough from Sierra Leone artisanal miners. India Aug. polished exports +69% to $2.1B, rough imports +143% to $1.2B. Far East wholesale trading quiet during Golden Week; Chinese luxury consumers focused on domestic buying due to Covid-19 travel restrictions. Rapaport resumes Dubai auctions, offering 55,000 cts. of polished diamonds at the Oct. 10-14 sale.

RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct
-0.26%
-1.86%
-6.34%
0.50 ct
-0.04%
-0.86%
-2.89%
1.00 ct
-0.02%
-0.29%
14.58%
3.00 ct
0.14%
0.14%
15.27%
RAPI Yearly Graph
Market Reports
image
United States: Dealers expect market improvement ahead of holiday season...
image
Belgium: Suppliers struggling to source larger stones, especially in fancy shapes...
image
Israel: Steady US orders compensating for weak Chinese market...
image
India: Polished production at high capacity before Nov. 4 Diwali break as manufacturers plan for pre-Christmas sales...
image
Hong Kong: Large-scale diamond buyers reluctant to make purchases since goods are expensive...
image
Breakfast of Champions
WITH RAPAPORT MAGAZINE

The state of the diamond industry, the lessons of the pandemic, and the need to end atrocities at Marange were among the topics at Rapaport’s Las Vegas events. Here is a summary of the group’s annual breakfast and Social Responsibility Conference, which took place at the JCK show in late August.

India Considers Its Future
WITH AVI KRAWITZ

The world’s largest manufacturing center faces some unfamiliar challenges amid apparent supply and labor shortages, as our analysis from the September Rapaport Magazine highlights.

UPS AND DOWNS
image
image
image
image
image
WEEKLY NEWS
industry
image
Diamond Prices Soften in Slow September Trading
Market sees record inventory buildup of 0.30 to 0.50 ct. goods.
RJC, Luxury Brands Launch Environmental Initiative
Cartier and Kering will work with organization to create a sustainable industry.
Pandora Papers: The Diamond Connection
Nirav Modi’s sister, Purvi, among figures named in the massive leak.
retail
image
US Jewelry Sales Surge in September
Category up 57% over 2019.
Deloitte: US Holiday Sales Set for Strong Growth
Revenue for November-to-January period will climb by up to 9%, company predicts.
Titan Sales Rise as Indian Consumers Return
Jewelry revenue up 78% year on year in latest quarter.
mining
image
De Beers Looking at Greenland’s Marine Diamonds
Miner commissions survey of the Arctic island’s deposits.
Mountain Province Parts Ways with CEO
Stuart Brown reached “mutual decision” with company to leave after serving in position for three years.
De Beers Sells First Rough from GemFair Program
Diamonds from artisanal miners on offer at recent auction.
general
image
US Diamond Imports Continue to Rise
Inbound polished shipments more than double in July.
Belgium Trade Grows, but at Slower Pace
Polished exports up 17% in August.
Diamonds Do Good Doles Out $100K in Grants
Funds will go to at least five people in southern Africa.
Israel’s Exports Drop Amid Jewish Holidays
Polished-diamond shipments fell 42% year on year in September.
Sotheby’s to Sell Egyptian Cinema Icon’s Diamonds
Auction house will offer eight of Hind Rostom’s pieces at Geneva Magnificent Jewels.
India Polished Shipments Extend Recovery
Exports gained 69% year on year in August.
GEM Awards Honor De Beers Executive
Stephen Lussier will receive lifetime achievement prize.
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 November 25, 2021
Nov 28, 2021
Industry Retail Mining General November 25, 2021 RAPAPORT MARKET COMMENT Sentiment positive as holiday sales
Rapaport TradeWire October 28, 2021
Oct 28, 2021
Industry Retail Mining General October 28, 2021 RAPAPORT MARKET COMMENT Indian suppliers filling final
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.