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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
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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)
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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%
RAPI Graph
Market Reports
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United States: Some suppliers are holding goods in anticipation of further increases, particularly in melee...
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Belgium: Omicron spread limiting activity and pushing focus to online trading...
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Israel: Buyers struggling to find profitable product...
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India: Local wedding season boosting jewelry sales, but latest Covid-19 wave creating concerns...
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Hong Kong: Positive mainland sentiment ahead of lunar festival...
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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. 

UPS AND DOWNS
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WEEKLY NEWS
industry
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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.
retail
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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.
general
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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.
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