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Rapaport TradeWire January 6, 2022
Jan 6, 2022 10:11 AM
By Rapaport
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| January 6, 2022 | | RAPAPORT MARKET COMMENT | | | | Diamond market seasonally slow as US and European dealers gradually return to work. Focus shifts back to online trading as rapid spread of Covid-19 Omicron strain forces people to avoid offices and international travel. Polished prices supported by good Nov.-Dec. jewelry sales, supply shortages and high rough prices. Many buyers still on vacation. 1 ct. RAPI +5.3% in Dec., +17.4% in 2021. Optimism for 1Q as jewelers need goods following successful holiday season. Manufacturers concerned about potential rough price hikes at Jan. 17-21 De Beers sight. Rising expectations for Feb. 1 Chinese New Year. Hong Kong retail weak due to lack of mainland tourist shoppers. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.24% | 1.29% | -1.28% | | 0.50 ct | 0.30% | 1.43% | 0.87% | | 1.00 ct | 0.52% | 5.29% | 17.31% | | 3.00 ct | 0.42% | 4.78% | 19.60% | | | | 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: Some suppliers are holding goods in anticipation of further increases, particularly in melee... | | | | | Belgium: Omicron spread limiting activity and pushing focus to online trading... | | | | | Israel: Buyers struggling to find profitable product... | | | | | India: Local wedding season boosting jewelry sales, but latest Covid-19 wave creating concerns... | | | | | Hong Kong: Positive mainland sentiment ahead of lunar festival... | | | | | | | Sotheby’s: A Bid for the Future | | | | WITH SONIA ESTHER SOLTANI |
The auction house, now more than 275 years old, has successfully adapted to the digital era and is appealing to tech-savvy collectors. Three of its senior jewelry executives discuss their strategies and the market. | | | | | The Importance of Authenticating Estate Pieces | | | | WITH LEAH MEIROVICH | Mistaking a clever knock-off for the genuine article can end up costing big bucks. Here’s how to ensure vintage jewelry is the real thing. | | | | | WEEKLY NEWS | | | | | | Diamond Prices End the Year on a High | | Steady demand, supply scarcities and high rough prices buoy market in December. | | | | | Miners Reveal Dates of 2022 Rough Sales | | First De Beers sight starts January 17. | | | | | Diamonds That Rocked Our Instagram in 2021 | | The top 10 jewelry pieces that stood out for our followers on social media. | | | | | IIJS and Vicenzaoro January Shows Postponed | | Fairs in India and Italy fall victim to continued pandemic. | | | | | | | | | Lab-Grown Drives ‘Phenomenal’ Holiday Sales | | Synthetic-diamond bracelets and stud earrings prove popular, jewelers say. | | | | | In-Store Tech Is Retail’s Latest Must-Have | | Shops need to upgrade their digital offerings if they want to keep pace with e-commerce. | | | | | A Beginner’s Guide to Buying Vintage | | Purchasing from the public comes with both risks and rewards, says estate jeweler Russell Fogarty. | | | | | Hong Kong Retail Steady Amid Govt. Stimulus | | Sales of jewelry and other valuable gifts up 14% in November. | | | | | | | | | Israel’s Diamond Exports See Sharp Recovery | | Polished trade rises in 2021 amid global rebound in demand. | | | | | CIBJO General Assembly Moves to March | | Rescheduling follows postponement of Vicenza trade show that was due to run at the same time. | | | | | Head of Pearl Company Assael Dies | | Christina Lang Assael took over leadership in 2011. | | | | | Delgatto Diamond Fund Snaps Up Major Bank Exec | | ABN Amro’s Rajiv Jain will become regional director of company’s UAE operations. | | | | | IGI Hires Education Director | | John Pollard will oversee and expand the lab’s grading courses, seminars and e-learning. | | | | | Boston Jewelers Club Brings In New President | | Ashley Cimini Singh will serve a two-year term. | | | | | | Contact Us |  |       | | © Copyright 2022 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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