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Rapaport TradeWire December 9, 2021
Dec 9, 2021 11:01 AM
By Rapaport
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| December 9, 2021 | | RAPAPORT MARKET COMMENT | | | | Polished trading driven by last-minute US holiday orders and preparations for Chinese New Year. Retail emphasis on omni-channel, using digital to drive store traffic. Diamantaires satisfied with Dec. orders and overall 2021 results. Polished prices firm; 1 ct. RAPI +0.9% in Nov. Supply shortages in larger sizes. Sotheby’s NY Magnificent Jewels achieves $57M (84% by lot), with 6.11 ct., fancy intense blue, VS2 diamond ring selling for $8M ($1.3M/ct.). Christie’s NY garners $55M (91% by lot). Rough market robust during De Beers sight. Alrosa trims 2022 long-term client list. Angola hoping to grow into important diamond hub and seeking investment in mining and manufacturing. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.50% | 1.20% | -2.11% | | 0.50 ct | 0.34% | 1.04% | 0.59% | | 1.00 ct | 0.60% | 1.55% | 14.58% | | 3.00 ct | 0.71% | 5.40% | 16.87% | | | | 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: 47th Street busy as dealers, vendors and buyers hustle for bargains before Christmas break... | | | | | Belgium: Solid market for commercial goods and for 1 to 5 ct., D-H, VS-SI stones... | | | | | Israel: Buying outside Israel difficult due to travel disruptions from Omicron outbreak... | | | | | India: Larger sizes seeing shortages, especially 3 ct. and above... | | | | | Hong Kong: Fancy colors moving well on mainland, especially yellows and pinks... | | | | | | | Vintage Galore: The Estate-Jewelry Issue | | | | WITH RAPAPORT MAGAZINE | Estate jewelry is the focus of the December 2021 issue of Rapaport Magazine, which provides a range of articles delving into pre-owned adornments and watches. | | | | | A New Frontier for Angola’s Diamond Industry | | | | WITH AVI KRAWITZ | Angola is among the few countries with growing diamond production, and the government has big ambitions to establish it as a major center for the industry. But the nation still has a long way to go and a lot of perceptions to change about the way it operates. The December Rapaport Research Report explores these challenges. | | | | | WEEKLY NEWS | | | | | | Diamond Prices Firm Amid Market Optimism | | Polished trade saw steady demand and shortages of supply in November. | | | | | Tiffany Necklace Breaks Records at Sotheby’s | | Piece sells for $3.7 million, more than 18 times high estimate. | | | | | 70ct. Yellow Sells Big at Christie’s | | Necklace fetches $2.9 million amid strong showing for colored diamonds. | | | | | Alrosa Prunes Client List for 2022 | | Miner will sell gem-quality rough to 49 long-term customers. | | | | | GIA Targets Consumers with New Ad Campaign | | Multimedia effort is first of its kind in more than a decade, organization says. | | | | | | | | | Engagement-Ring Spending Roars Back | | Average outlay returns to pre-pandemic level of $6,000, according to The Knot. | | | | | National Retail Federation Raises Holiday Forecast | | Organization now expects sales to grow by up to 11.5% in November and December. | | | | | Pomellato to Track Its Jewelry’s Journey | | New app lets customers tap on item and see origins of the gold, diamonds and gemstones. | | | | | US Sales of Platinum Jewelry Strengthen | | Key market saw positive third quarter, but demand in China slumped. | | | | | | | | | De Beers Seeks Exploration Deal in Angola | | Country’s reforms enable citizens to benefit from diamond resources, miner says. | | | | | Small-Stone Shortage Buoys Mountain Province | | Miner notes “price acceleration” in lower-value items during final quarter of 2021. | | | | | Miner Inks Supply Deal with French Jeweler | | Burgundy will provide polished colored diamonds to Bäumer Vendôme and receive a portion of the retail sales revenue. | | | | | Alrosa and Antwerp Reaffirm Relationship | | Miner signs renewed cooperation agreement with Belgium’s AWDC. | | | | | Botswana Diamonds Looks to Move into Production | | Company expects to close acquisition of Ghaghoo mine in early 2022. | | | | | | | | | Phillips Hires Sotheby’s Exec to Aid Expansion | | Benoît Repellin will serve as head of jewelry for Europe. | | | | | Joséphine Bonaparte’s Tiaras Crown London Sale | | Empress’s two headpieces realize $763,657, beating high estimate, Sotheby’s says. | | | | | Sarine Names Ex-GIA Exec to Top US Role | | Matthew Tratner will focus on driving the company’s retail-oriented business. | | | | | Sapphires Sparkle at Bonhams London | | Top lot brings in $273,000, more than double high estimate. | | | | | Phillips Garners $23M at Hong Kong Sales | | 20.27-carat, D-flawless diamond nets $2 million at Jewels & Jadeite auction. | | | | | | Contact Us |  |       | | © Copyright 2021 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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