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Rapaport TradeWire December 30, 2021
Dec 30, 2021 10:19 AM
By Rapaport
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| December 30, 2021 | | RAPAPORT MARKET COMMENT | | | | Diamond markets quiet as dealers take vacation. Sentiment positive after strongest holiday season in years. Nov.-Dec. jewelry sales +32%; general retail +8.5%, with e-commerce +11% and in-store +8%, according to Mastercard SpendingPulse. Consumer confidence up despite inflation uncertainty and Omicron spread, says Conference Board. Diamantaires anticipate steady post-season demand but are concerned about supply shortages and high prices. Expectations for strong Jan. rough sales. Dealers shifting attention to Far East ahead of Feb. 1 Chinese New Year. Hong Kong 3Q polished imports +38% to $3.7B. Rapaport wishes everyone a happy, healthy, prosperous and peaceful New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.21% | 1.49% | -1.82% | | 0.50 ct | 0.11% | 1.55% | 0.40% | | 1.00 ct | 0.35% | 5.35% | 16.87% | | 3.00 ct | 0.31% | 5.18% | 18.62% | | | | 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: Retailers carefully managing inventory levels amid uncertainty about 1H economic prospects... | | | | | Belgium: Jewelers busy, reflecting steady demand for European luxury... | | | | | Israel: Fancy shapes hot, particularly pears and ovals... | | | | | India: Lack of rough is restricting polished manufacturing levels... | | | | | Hong Kong: Consumers rushing to purchase as government’s shopping vouchers near expiration... | | | | | | | 2021’s Diamond Person of the Year | | | | WITH AVI KRAWITZ | There were many who powerfully influenced the market in the past year, but one candidate stood out from the rest. | | | | | THE RAPAPORT DIAMOND PODCAST: EPISODE 54 | | | | WITH SPECIAL GUEST DAVID KELLIE | The diamond and jewelry industry has the tools to capitalize on its 2021 growth, but it needs to be proactive in its approach. Rapaport’s Avi Krawitz speaks to David Kellie, CEO of the Natural Diamond Council, about how to ensure the positive momentum continues. | | | | | Prices, Fraud and Grading: 2021’s Top Stories | | | | WITH JOSHUA FREEDMAN | Apparent scams, the jewelry market’s strong recovery and the changing impact of Covid-19 all feature in our list of the 10 most read stories on Diamonds.net this year. | | | | | WEEKLY NEWS | | | | | | Small Diamonds Seeing Big Gains | | Low-value stones are the latest hot commodity among jewelers and manufacturers. | | | | | US Jewelry Sales Surge During Holiday Season | | Revenue for category up 32% from 2020, according to Mastercard SpendingPulse. | | | | | Indian Govt. Eases Gold Hallmarking Rules | | Jewelry and artifacts destined for export are exempt. | | | | | | | | | Mountain Province to Borrow $50M from Investor | | Funding will help pay off existing debt and further exploration at Kennady North project. | | | | | Gemfields Sells 7,525ct. Emerald at Record Auction | | Eshed – Gemstar wins Chipembele stone as well as a 935-carat rough. | | | | | | | | | Ex-Tiffany Exec to Lead GIA Business Development | | Richard Pesqueira will work on strengthening institute’s relationship with retailers. | | | | | 20ct. Diamond Breaks Record in Australia | | Ring sells for $1.2 million at Leonard Joel auction. | | | | | JIS Rebrands Miami Beach Shows | | Two 2022 events to take place, in spring and fall. | | | | | Holiday Sale Drives Growth at Heritage Auctions | | 5.93-carat diamond leads final event of the year. | | | | | Hong Kong Polished Imports Recover | | Shipments up 38% year on year in third quarter. | | | | | Chic and Antique: Hot Trends in Vintage Jewelry | | A look at the best-selling items in the sector today. | | | | | Plumb Club Names Two New Members | | Cirari by Color Jewels and Ryan Gems join roster. | | | | | | 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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