TradeWire® Weekly Email

Date:

Rapnet 600X160 Gemblog
Rapaport TradeWire
December 3, 2020
RAPAPORT MARKET COMMENT
image

E-commerce driving sales at start of US holiday season. Black Friday online spending +22% to $9B, Cyber Monday +15% to $10.8B, reports Adobe Analytics. In-store shopping sluggish due to ongoing spread of Covid-19. Foot traffic -55% on Thanksgiving Day, according to NRF. Black Friday jewelry sales -54%, says RetailNext. Signet 3Q sales +9% to $1.3B, profit of $9.3M vs. loss of $36M. Cyberattack disrupts Stuller operations. Polished trading stable at lower levels. 1 ct. RAPI +0.5% in Nov. De Beers pledges to disclose country of origin for most of its diamonds by 2030. Dubai’s DMCC opens office in Israel Diamond Exchange. Elliot Krischer elected president of NY Diamond Dealers Club.

2010 Ar Tc Rap 600X160 03
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -0.23% -1.88% 2.91%
0.50 ct -0.48% -1.95% 13.48%
1.00 ct 0.15% 0.64% 3.56%
3.00 ct 0.88% 2.90% 2.09%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
image
United States: Positive sentiment among e-commerce sellers as digital drives holiday retail sales...
image
Belgium: Polished trading improving despite ongoing lockdown...
image
Israel: Dealers uncertain about prospects for holiday season and anticipate little momentum in 1Q 2021...
image
India: Cutters seeking goods from local tender houses amid travel restrictions...
image
Hong Kong: Anxiety about potential fourth coronavirus wave, with local demand uncertain and Chinese tourists absent...
image
Magnificent Jewels
UPS AND DOWNS
image
Diamond Market Now Recovering from Covid-19
image
New Diamond and Gold Deposit Found in Canada
image
Zimbabwe Community Clashes with Diamond Mine
image
Child Labor at CAR Diamond Mines Rises Amid Pandemic
image
Trade Wire 600X160 April 2018
WEEKLY NEWS
retail
image
News Thumbnail
Signet Sales Jump as Holidays Start Early
Quarterly revenue rises for first time in two years.
News Thumbnail
Black Friday Online Sales Reach Record High
US digital spending for the day up 22% year on year at $9 billion.
News Thumbnail
US Holiday Weekend Spending Falls
Average for five-day Thanksgiving period down 14%.
News Thumbnail
Hong Kong Retail Decline Narrows in October
Consumer sentiment up amid stable health situation, government says.
News Thumbnail
Cyber Monday Haul Largest in US History – Adobe
Online sales increase 15% year on year to $10.8 billion.
News Thumbnail
Jewelry Sales Fall on Black Friday
In-store purchases slide 54% year on year, according to RetailNext.
News Thumbnail
Zales Debuts Online Market for Emerging Designers
Launch follows nationwide search for “maverick” contributors.
industry
image
News Thumbnail
Holiday Demand Uplifts Diamond Trade
RAPI for 1-carat goods rises 0.5% in November.
News Thumbnail
HK Uncovers Largest Smuggling Case in Years
Officials at China border seize 162 diamonds hidden in truck driver’s pocket.
News Thumbnail
Dubai Opens Office in Israel Diamond Exchange
Representative outpost will help bourse members launch UAE operations.
News Thumbnail
Stuller Close to Normal Operations After Cyberattack
Deliveries resuming and communications systems back in action.
mining
image
News Thumbnail
De Beers Aims for Full Traceability by 2030
Miner also seeks to achieve carbon neutrality within a decade.
News Thumbnail
Gem Diamonds Unearths 179ct. Rough
Stone is miner’s 16th over 100 carats this year.
News Thumbnail
Lucapa Unveils 15ct. Polished Pink Diamond
Graff subsidiary Safdico cut heart-shaped stone from 46-carat rough.
general
image
News Thumbnail
Emerald Necklace Goes for $7M at Christie’s
Edmond Chin piece leads $51.5 million Hong Kong Magnificent Jewels sale.
News Thumbnail
Gem Auction Aims to Raise Awareness of Ethics
Columbia Gem House will sell pieces by 25 designers to benefit three charities.
News Thumbnail
Rough Demand Strong at Trans Atlantic Tender
Company sells “almost 100%” of goods at Dubai event.
News Thumbnail
Phillips Garners $9M at Hong Kong Auction
Convertible necklace by Feng J is top lot, selling for $2.6 million.
Adt200099 Rapaport 24 Hour Promo R2 Split 1
FINANCE
Diamond Industry Stock Report
image

Global retail stocks fell amid a resurgence of Covid-19 cases and a rise in unemployment. Richemont (-4%), Signet (-4%), Swatch (-3%), Chow Sang Sang (-2%) and Chow Tai Fook (-2%) all slipped. Birks (-28%) dropped following disappointing sales results. Mining shares fared well, with Lucapa (+8%), Rio Tinto (+8%), Lucara (+6%), Anglo American (+6%) and Gem Diamonds (+6%) all gaining. Petra Diamonds (-4%) lost ground after shareholders failed to approve a bid to restructure its debt.

300X300 Rapmag
Tw Square Quarterly And Melee Combo December 7 17 2020
Rnshort Supply 101520 Ban 300X300 Static V3C
Rnhelps Me Raman Nourizad 101420 Ban 300X300 Static
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2020 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.