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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
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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)
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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%
RAPI Yearly Graph
Market Reports
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United States: Retailers carefully managing inventory levels amid uncertainty about 1H economic prospects...
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Belgium: Jewelers busy, reflecting steady demand for European luxury...
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Israel: Fancy shapes hot, particularly pears and ovals...
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India: Lack of rough is restricting polished manufacturing levels...
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Hong Kong: Consumers rushing to purchase as government’s shopping vouchers near expiration...
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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.

UPS AND DOWNS
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WEEKLY NEWS
industry
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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.
mining
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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.
general
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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.
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