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Rapaport TradeWire October 28, 2021
Oct 28, 2021 11:14 AM
By Rapaport
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| October 28, 2021 | | RAPAPORT MARKET COMMENT | | | | 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™) | | | | 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% | | | | 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: Dealers and wholesale jewelers busy filling orders, with strength in bridal... | | | | | Belgium: Market more influenced by demand than supply factors, despite shortages of select categories... | | | | | Israel: Widening price gap between bulk inventory purchases and specific orders... | | | | | India: Buyers placing strong emphasis on excellent cuts... | | | | | Hong Kong: Rising expectations for Christmas retail sales... | | | | | | | 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. | | | | | WEEKLY NEWS | | | | | | 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. | | | | | | | | | 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. | | | | | | | | | 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. | | | | | | | | | 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 |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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