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Rapaport TradeWire December 9, 2021

Dec 9, 2021 11:01 AM   By Rapaport
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December 9, 2021
RAPAPORT MARKET COMMENT
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Polished trading driven by last-minute US holiday orders and preparations for Chinese New Year. Retail emphasis on omni-channel, using digital to drive store traffic. Diamantaires satisfied with Dec. orders and overall 2021 results. Polished prices firm; 1 ct. RAPI +0.9% in Nov. Supply shortages in larger sizes. Sotheby’s NY Magnificent Jewels achieves $57M (84% by lot), with 6.11 ct., fancy intense blue, VS2 diamond ring selling for $8M ($1.3M/ct.). Christie’s NY garners $55M (91% by lot). Rough market robust during De Beers sight. Alrosa trims 2022 long-term client list. Angola hoping to grow into important diamond hub and seeking investment in mining and manufacturing.

RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct
0.50%
1.20%
-2.11%
0.50 ct
0.34%
1.04%
0.59%
1.00 ct
0.60%
1.55%
14.58%
3.00 ct
0.71%
5.40%
16.87%
RAPI Yearly Graph
Market Reports
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United States: 47th Street busy as dealers, vendors and buyers hustle for bargains before Christmas break...
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Belgium: Solid market for commercial goods and for 1 to 5 ct., D-H, VS-SI stones...
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Israel: Buying outside Israel difficult due to travel disruptions from Omicron outbreak...
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India: Larger sizes seeing shortages, especially 3 ct. and above...
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Hong Kong: Fancy colors moving well on mainland, especially yellows and pinks...
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Vintage Galore: The Estate-Jewelry Issue
WITH RAPAPORT MAGAZINE

Estate jewelry is the focus of the December 2021 issue of Rapaport Magazine, which provides a range of articles delving into pre-owned adornments and watches.

A New Frontier for Angola’s Diamond Industry
WITH AVI KRAWITZ

Angola is among the few countries with growing diamond production, and the government has big ambitions to establish it as a major center for the industry. But the nation still has a long way to go and a lot of perceptions to change about the way it operates. The December Rapaport Research Report explores these challenges.

UPS AND DOWNS
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WEEKLY NEWS
industry
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Diamond Prices Firm Amid Market Optimism
Polished trade saw steady demand and shortages of supply in November.
Tiffany Necklace Breaks Records at Sotheby’s
Piece sells for $3.7 million, more than 18 times high estimate.
70ct. Yellow Sells Big at Christie’s
Necklace fetches $2.9 million amid strong showing for colored diamonds.
Alrosa Prunes Client List for 2022
Miner will sell gem-quality rough to 49 long-term customers.
GIA Targets Consumers with New Ad Campaign
Multimedia effort is first of its kind in more than a decade, organization says.
retail
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Engagement-Ring Spending Roars Back
Average outlay returns to pre-pandemic level of $6,000, according to The Knot.
National Retail Federation Raises Holiday Forecast
Organization now expects sales to grow by up to 11.5% in November and December.
Pomellato to Track Its Jewelry’s Journey
New app lets customers tap on item and see origins of the gold, diamonds and gemstones.
US Sales of Platinum Jewelry Strengthen
Key market saw positive third quarter, but demand in China slumped.
mining
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De Beers Seeks Exploration Deal in Angola
Country’s reforms enable citizens to benefit from diamond resources, miner says.
Small-Stone Shortage Buoys Mountain Province
Miner notes “price acceleration” in lower-value items during final quarter of 2021.
Miner Inks Supply Deal with French Jeweler
Burgundy will provide polished colored diamonds to Bäumer Vendôme and receive a portion of the retail sales revenue.
Alrosa and Antwerp Reaffirm Relationship
Miner signs renewed cooperation agreement with Belgium’s AWDC.
Botswana Diamonds Looks to Move into Production
Company expects to close acquisition of Ghaghoo mine in early 2022.
general
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Phillips Hires Sotheby’s Exec to Aid Expansion
Benoît Repellin will serve as head of jewelry for Europe.
Joséphine Bonaparte’s Tiaras Crown London Sale
Empress’s two headpieces realize $763,657, beating high estimate, Sotheby’s says.
Sarine Names Ex-GIA Exec to Top US Role
Matthew Tratner will focus on driving the company’s retail-oriented business.
Sapphires Sparkle at Bonhams London
Top lot brings in $273,000, more than double high estimate.
Phillips Garners $23M at Hong Kong Sales
20.27-carat, D-flawless diamond nets $2 million at Jewels & Jadeite auction.
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