News

Advanced Search

Rapaport TradeWire October 28, 2021

Oct 28, 2021 11:14 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
October 28, 2021
RAPAPORT MARKET COMMENT
image

Indian suppliers filling final orders ahead of Diwali break. Manufacturing slowing before the festival with factories closing from Nov. 4 to 22. Robust US jewelry sales stimulating diamond trade. High expectations for the holiday season. De Beers research shows sustainability ranks alongside price and design in consumer considerations when buying jewelry; Insight Report estimates 2020 global rough sales -20% to $11.1B, production -18% to 114M cts., polished demand -15% to $23B, diamond-jewelry demand -14% to $68B. Petra Diamonds FY1Q revenue +48% to $115M. India appeals to Alrosa for rough supply to help small cutters. The Rapaport Group wishes all our friends a happy Diwali.

RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct
-0.22%
-1.27%
-5.44%
0.50 ct
-0.13%
-0.79%
-3.14%
1.00 ct
-0.03%
-0.29%
13.53%
3.00 ct
0.24%
0.21%
13.20%
RAPI Yearly Graph
Market Reports
image
United States: Dealers and wholesale jewelers busy filling orders, with strength in bridal...
image
Belgium: Market more influenced by demand than supply factors, despite shortages of select categories...
image
Israel: Widening price gap between bulk inventory purchases and specific orders...
image
India: Buyers placing strong emphasis on excellent cuts...
image
Hong Kong: Rising expectations for Christmas retail sales...
image
Why Demand for Fancy Shapes Has Surged
WITH JOSHUA FREEDMAN

Pears, princesses and other diamond cuts are gracing famous fingers and giving rounds a run for their money. 

The New Face of Nuptials
WITH RAPAPORT MAGAZINE

With the pandemic, social justice movements and generational shifts changing the bridal market, retailers have to keep up if they want to stay relevant, writes Lara Ewen.

UPS AND DOWNS
image
image
image
image
image
WEEKLY NEWS
industry
image
Sustainable Diamonds Sell for More – De Beers
Most consumers will pay premium of up to 20% for stones with proof of socially responsible origins.
Final Argyle Pink Tender Sees Record Result
Prices strong at 2021 sale as supply from mine dwindles.
Pink Diamond Could Fetch $11M at Christie’s Geneva
Duchess of Windsor’s ruby bracelet and other royal jewels will also go under the hammer.
retail
image
NRF: Holiday Sales to Be Highest Yet
Spending will rise by as much as 10.5% in November and December, organization predicts.
Retailers Mull Adding Post-Christmas ‘Black Friday’
Delayed delivery of supply may lead to overstock after festive season.
Spending on Experiences to Rise This Holiday
Average outlay — including on retail goods — will increase 5% to $1,463, Deloitte says.
Luk Fook Bounces Back as Hong Kong Recuperates
Quarterly sales benefit from stronger local sentiment and drop in coronavirus infections.
mining
image
Lucapa Sales Surge in Buoyant Market
Revenue rises 86% in third quarter.
India Calls for Direct Alrosa Supply to Small Cutters
Miner’s current sales system is suited to larger customers, says GJEPC.
High-Value Recoveries Buoy Petra Sales
Total group proceeds jump 48% in three months ending September 30.
general
image
Younger Consumers Buying More Precious Jewelry
Millennials and Gen Z will drive spending in the coming year, Platinum Guild International says.
Jewelers of America Unveils GEM Award Nominees
Organization to reward excellence in jewelry design, media and retail.
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 January 20, 2022
Jan 20, 2022
Industry Retail Mining General January 20, 2022 RAPAPORT MARKET COMMENT Diamond market hot as De Beers
Rapaport TradeWire December 23, 2021
Dec 23, 2021
Industry Retail Mining General December 23, 2021 RAPAPORT MARKET COMMENT Diamond trade upbeat in final
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 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.