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Rapaport TradeWire November 19, 2020

Nov 19, 2020 10:44 AM   By Rapaport
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Rapnet 600X160 Gemblog
Rapaport TradeWire
November 19, 2020
RAPAPORT MARKET COMMENT
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Rising expectations for holiday season despite surge in Covid-19. US retail sales +5.7% in Oct. Digital driving growth in US and China: Walmart 3Q e-commerce +79% and Alibaba’s 11/11 Singles’ Day sales +26% to record $74B. Polished trading slow as Indian suppliers take Diwali vacation. Jewelers making final holiday orders. Steady demand for 1 to 2 ct., G-H, VS-SI goods in bridal category. Positive momentum continues in rough market. De Beers Nov. sales at $450M. Petra Diamonds FY revenue -36% to $296M, net loss of $223M. Alrosa cuts 2021 production plan to 30M cts. after reporting 30.6M cts. in inventory. Belgium Oct. polished exports -6% to $629M, rough imports +65% to $873M.

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RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.48% -2.33% 7.23%
0.50 ct -0.31% -1.67% 15.60%
1.00 ct 0.20% 0.20% 2.86%
3.00 ct 0.22% 3.49% -0.34%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
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United States: Dealers busy working to meet last-minute holiday demand and struggling to replace sold inventory...
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Belgium: More rough coming to market after sizable De Beers and Alrosa sales, fueling hope that traders can fill shortages in certain categories...
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Israel: Sentiment weak across the trade amid significant downsizing due to Covid-19...
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India: Manufacturers taking shorter break to catch up on production time lost during lockdown...
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Hong Kong: Mainland jewelers doing well and feeling optimistic for the season...
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UPS AND DOWNS
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How Tiffany and LVMH Kissed and Made Up
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China Retail Sales Grow by Most in 10 Months
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Brain Squad Rates the Best-Selling Brands of October
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Diwali Gold-Buying Frenzy Missing on Dhanteras
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Trade Wire 600X160 April 2018
WEEKLY NEWS
retail
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Luxury Sales Won’t Recover for Two Years – Bain
Category will contract in 2020 for first time since 2009, group says.
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Early Holiday Shopping Boosts US Retail Sales
October purchasing up 6% year on year, US Census Bureau says.
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Hong Kong’s Tse Sui Luen Suffers Heavy Losses
Tourism slowdown and US-China tensions hit sales in six months ending September 30.
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Berkshire Hathaway Sales Rise as Stores Reopen
Third-quarter retail revenue up 4% at owner of Borsheims, Helzberg and Ben Bridge.
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Frederick Goldman Hires Head for Independents
Lauren Calmas will help grow company’s newly created B2B segment for small e-commerce sellers.
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Angola State Diamond Trader Opens Jewelry Store
Partnership with KGK is latest move to promote local industry.
industry
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De Beers Reshuffles Branding, Corporate Units
Company combines London-based divisions into new team focused on social purpose.
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Fancy-Color Index Sees Decline in 2020
Prices slip 0.7% in first nine months of year, says Fancy Color Research Foundation.
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Court Allows Rio Tinto to Sell Dominion’s Diamonds
Proceeds would help pay off more than $91.4 million owed to Diavik joint venture.
mining
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De Beers Sees Third Consecutive Sales Increase
November proceeds up 13% year on year at $450 million.
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Petra in the Red as Mines Lose Value
Company incurs heavy impairment charge amid drop in rough prices.
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Dominion Nears Deal to Restart Ekati
Miner to recall furloughed workers as lenders indicate a debt restructuring is close.
general
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Sotheby’s to Auction De Beers Jewels for Charity
Model Indira Scott will be face of ReSet Collective campaign, which highlights positive impact of natural diamonds.
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Large Sapphires to Lead Christie’s New York
Bracelet with 43.10-carat stone expected to fetch up to $7 million.
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Belgium Polished Trade Slips in October
Exports down 6% as shipments to Hong Kong and France fall.
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Pink Diamond Ring Beats Estimate at Bonhams
Piece fetches $1.1 million at London auction.
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Dubai Trade Body Opens Shenzhen Office
Closer ties between UAE and China will benefit diamond sector, says DMCC.
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De Beers Exec Jonathan Kendall to Retire
Head of grading unit was key individual in miner’s downstream business.
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FINANCE
Diamond Industry Stock Report
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Global retail stocks rose amid hopes a Covid-19 vaccine would boost the economy. Macy’s (+21%), Chow Sang Sang (+9%), Signet (+7%), Swatch Group (+3%) and Chow Tai Fook (+3%) all gained. Mining shares had a mostly positive week, with Gem Diamonds (+18%), Alrosa (+13%) and Lucara (+2%) climbing, while Lucapa (-4%) and Petra (-1%) slipped.

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11 Jul 2018 Rap Ac Digital 300X300Px Static
Rnhelps Me Gall Raiman 100520 Ban 300X300 Static
Tw Square Quarterly And Melee Combo December 7 17 2020
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