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Rapaport TradeWire January 27, 2022
Jan 27, 2022 10:30 AM
By Rapaport
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| January 27, 2022 | | RAPAPORT MARKET COMMENT | | | | Positive market mood tempered by geopolitical tensions, stock-market volatility and continued Omicron spread. Dealers cautious about price levels despite good demand and shortages of 3X stones. Easier to sell than to buy. Rough trading steady amid low supply. Alrosa Jan. prices +5% to +7%; 2021 price index +33%, rough sales +50% to $4B, sales volume +27% to 45.5M cts. De Beers 2021 sales volume +60% to 36.3M cts., production +29% to 32.3M cts., average price +10% to $146/ct. Mid-tier miners Grib and Mountain Province see strong Jan. gains. High-end jewelry doing well. Swatch 2021 revenue +31% to $7.9B. Industry mourns passing of celebrated diamantaire Johnny Kneller. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.31% | 1.13% | -0.31% | | 0.50 ct | 1.98% | 3.07% | 5.10% | | 1.00 ct | 5.12% | 6.65% | 25.66% | | 3.00 ct | 4.49% | 6.81% | 24.87% | | | | 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: Fancy shapes selling well as dealers seek alternatives to expensive rounds... | | | | | Belgium: Steady market for and scarcity of nice, commercial-quality, 3X goods... | | | | | Israel: Buyers looking for goods but wary of purchasing at current price levels... | | | | | India: US orders supporting market as lunar festival break begins in greater China... | | | | | Hong Kong: Local Hong Kong store sales weak as government tightens Covid-19 restrictions... | | | | | | | The Rapaport Diamond Podcast: Episode 56 | | | | WITH SPECIAL GUEST IRIS VAN DER VEKEN | Steering the jewelry industry’s strategy on sustainability is a daunting but vital task in ensuring its survival. Rapaport’s Avi Krawitz speaks to Iris Van der Veken, executive director of the Responsible Jewellery Council (RJC), about the organization’s strategy and campaigns. | | | | | In Search of the Perfect Match | | | | WITH JOSHUA FREEDMAN | Getting the right rough to meet polished demand is a challenge. A Canadian cutting firm created the Clara platform to tackle it. | | | | | WEEKLY NEWS | | | | | | De Beers Lifts Production in Strong Rough Market | | Fourth-quarter output up 15%; sales rise 12%. | | | | | Influential Large-Stone Expert Johnny Kneller Dies | | Safdico partner handled some of the world’s most famous diamonds. | | | | | Rough Prices Skyrocket at Grib Antwerp Auction | | Figure was more than 50% higher than at September sale. | | | | | | | | | Retailers Brace for Jump in Product Returns | | Having consumers back inside stores presents opportunity as well as cost, says NRF. | | | | | Kering to Sell Its Two Luxury Watch Brands | | Managers of Girard-Perregaux and Ulysse Nardin will buy out the businesses. | | | | | Swatch Group Rebounds Amid Luxury Recovery | | Full-year revenue up 31% at owner of Omega and Harry Winston. | | | | | | | | | Alrosa Sales Reach Three-Year High | | Strong demand and supply shortages boost 2021 results. | | | | | Mountain Province Plans to Raise Production | | Operations continue despite Covid-19 outbreak at Gahcho Kué mine. | | | | | Renard’s Average Price Soars in Fourth Quarter | | Figure up 54% year on year. | | | | | | | | | Diamonds Head to Christie’s Sale Without Reserve | | Online auction features more than 150 lots with no minimum price. | | | | | Boucheron, Sarine Partner on Traceability Report | | Co-branded certificate shows diamonds’ origins and 4Cs. | | | | | Swiss Watch Exports Clock Highest Annual Result | | Full-year shipments for 2021 total $24.24 billion. | | | | | Angola Picks Trans Atlantic to Oversee Tenders | | Sodiam also names First Element to carry out diamond boiling. | | | | | Sotheby’s Switches Up Asia Luxury Team | | Auction house appoints three senior executives in jewelry and watch departments. | | | | | Mountain Province Adds to Executive Staff | | Company hires new chief financial officer, sustainability officer and technical officer. | | | | | IGI Grades Record Blue Lab-Grown Diamond | | UK-based Meylor Global creates stone weighing 150.42 carats, as well as a 141.58-carat grey. | | | | | WJA Refreshes Its Board, Executive Committee | | Susan Chandler takes over as president for 2022 and 2023. | | | | | | Contact Us |  |       | | © Copyright 2022 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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