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Rapaport TradeWire January 13, 2022

Jan 13, 2022 10:14 AM   By Rapaport
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January 13, 2022
RAPAPORT MARKET COMMENT
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Dealers returning from vacation confident that positive momentum will continue. Some polished suppliers holding back goods in anticipation of higher prices after next week’s De Beers sight. Many expect price hike and substantial rough sales in Jan. US retailers starting to restock after successful holiday season. E-commerce jewelry sales more than doubled in Nov.-Dec., according to Adobe. Good outlook for Feb. 1 Chinese New Year. Global jewelers confirm strong 2021: Birks holiday sales +16%; Chow Tai Fook 3Q sales +32%; Titan Company 3Q revenue +36%; Pandora full-year revenue +23% to $1.4B. European Banking Authority report highlights unfair treatment of diamond trade by lenders.

RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct
0.32%
1.60%
-0.75%
0.50 ct
0.21%
1.52%
1.54%
1.00 ct
0.44%
5.26%
18.18%
3.00 ct
0.49%
4.68%
19.97%
RAPI Graph
Market Reports
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United States: Some diamantaires concerned about inflation in polished market...
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Belgium: High Covid-19 rate not disrupting trade...
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Israel: Good US orders and memo calls as well as vigorous online activity...
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India: Suppliers holding back sales in anticipation of higher prices later...
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Hong Kong: Local stores struggling as border closure keeps tourist shoppers away...
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Podcast: Big, Small, and No Diamonds At All
WITH THE RAPAPORT DIAMOND PODCAST

The editorial team discusses Covid-19’s impact on the market (again), some surprising trends from the holiday season, and the mysterious world of non-fungible tokens (NFTs) in the latest episode of the Rapaport Diamond Podcast.

The Pressure Is On
WITH AVI KRAWITZ

The diamond industry has reason to be optimistic for 2022, but there is uncertainty as to whether the current upward price trend is sustainable. 

Cullinan Diamond Report
WITH GGTL LABORATORIES

This sophisticated and in-depth certificate from an established diamond company and laboratory ensures each stone’s authenticity.

UPS AND DOWNS
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WEEKLY NEWS
industry
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Banks Unfairly Shunning Diamonds, EU Report Says
Dealers missing out on access to financial services, according to regulator.
What to Look Out For in 2022
Four industry members and commentators give their predictions for the year.
retail
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US Jewelry Sales Surge During Holiday Period
Category up 27% from December 2019, according to Mastercard SpendingPulse.
Chow Tai Fook Sales Get Bump from China Market
Revenue grew 31% year on year in third quarter.
Pandora Results Beat Forecast Amid Sales Surge
Increase of 23% for full year is a record for jeweler.
Birks Gets Boost from Strong Holiday Sales
Third-party watches and jewelry proved popular.
Ben Bridge to Return Franchises to Pandora
Warren Buffett-owned brand transfers ownership of 37 freestanding stores in US and Canada.
Titan Revenue Jumps in Strong Diwali Season
Jewelry sales up 37% for the three months ending December 31.
mining
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Alrosa Diamond Sales Hit Year Low in December
Revenue from rough and polished down 51%.
BlueRock Reopens Mine Following Virus Shutdown
Company reported 24 active cases at its Kareevlei site in South Africa last month.
general
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Anna Martin Takes New Role at GIA
Senior vice president moves from business development to mentoring position at institute.
Inhorgenta Munich Trade Show Postponed
Date moved from February to April amid Covid-19 travel restrictions.
US Diamond Trading Sees Pre-Holiday Spike
Polished imports rose 49% year on year in October.
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