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Hong Kong
Hong Kong Retail Sees Gradual Recovery
Hong Kong recorded its gentlest decline in hard-luxury revenues for a year and a half, as a drop in coronavirus cases boosted the local retail market.Retail sales of jewelry, watches, clocks and valuable gifts fell 16% year...
Retail Jan 04, 2021 Rapaport News
De Beers rough diamonds
De Beers Lets Sightholders Defer Smaller Goods
De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
Rough Markets Nov 02, 2020 Joshua Freedman
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
Manufacturing Oct 22, 2020 Joshua Freedman
China customs officials
China’s Diamond Trade Weighs Virus Effect
Chinese retail is almost dead, the country’s bourses are quiet, and even importing rough goods has been fraught with obstacles. Diamond dealers expect a release of pent-up demand when the coronavirus goes away,...
Polished Markets Feb 25, 2020 Joshua Freedman
HK show Sept 2019
Hong Kong Show Reflects Slow Chinese Demand
The timing of the September Hong Kong Jewellery & GemFair was unfortunate, coming amid a wave of anti-government demonstrations inthe city. But for many participants, the political tensions were masking thebigger issue: Chinese...
Polished Markets Sep 24, 2019 Joshua Freedman
Hong Kong skyline
China Positive Amid Short-Term Uncertainty
So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive...
Research Oct 09, 2018 Avi Krawitz
Hong Kong 150
Tourism Increase Drives Hong Kong Jewelry Sales
Sales of jewelry and other luxury goods in Hong Kong grew inthe first two months of the year amid stronger employment rates and increasedtourism. Sales of jewelry, watches, clocks and valuable gifts rose21% to $2.05...
Retail Apr 04, 2018 Rapaport News
chinese jewelry credit yewn
China Sees Increase in Retail Revenue
Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation’sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion)...
Retail Mar 21, 2018 Rapaport News
De Beers 030718 150
Alrosa Sales Surge on Strong China Demand
Alrosa’s sales soared 35% to $541.9 million in February,strengthened by significant demand ahead of the Chinese holiday season. “In February, the core diamond markets were quite strong,” Yury Okoemov, deputy CEO, said Wednesday. “The...
Mining Mar 07, 2018 Rapaport News
The Rapaport Diamond Podcast: Episode 3 150
The Rapaport Diamond Podcast: China Special
Labrador-grown diamonds? The Year of the Dog is coming up,and we are unleashing insights about how the Chinese New Year will affect thetrade in the Far East. Also, an interview with noted jewelry journalistJennifer Heebner,...
Retail Feb 15, 2018 Rapaport News
Hong Kong Mascot
Hong Kong Jewelry Sales Down for January
Sales of jewelry and other luxury products in Hong Kong fellin January despite the Chinese New Year occurring during the month.Spending on jewelry, watches, clocks and valuable giftsdeclined 3.9 percent year on year to $944...
Retail Mar 02, 2017 Rapaport News
Chinese New Year
Chow Tai Fook’s Holiday Sales Jump in China
Chow Tai Fook said sales from the mainland outperformedthose in Hong Kong during the Chinese New Year holiday period.Retail revenue from mainland China jumped 4 percent during January14 to February 3, which covers the...
Retail Feb 07, 2017 Rapaport News
Jewelry store depressed
Diamond Prices Decline Amid India Liquidity Crisis
PRESSRELEASE, January 3, 2017, New York… Polished diamond prices softened inDecember as Indian liquidity dried up due to the government’s demonetizationpolicy eliminating 500 and 1,000 rupee notes. Trading slowed with dealerstaking vacation during the...
Polished Markets Jan 03, 2017 Rapaport
Rough loupe
Analyst Warns of Rough Price Pressure
New diamond mines may force rough prices down next year becauseof increased supply, according to Panmure Gordon.Three mines in Canada will enter the rough market early nextyear: Firestone Diamonds’ Liqhobong mine, Stornoway...
Mining Nov 21, 2016 Rapaport News
Rapaport Logo
Polished Diamond Prices Firm in February
PRESS RELEASE, March 1,2016, New York … Polished diamond prices rose in February continuing theuptrend evident since November. Shortages continue to support the market whiletrading slowed during the month as dealers in China and Hong...
Polished Markets Mar 01, 2016 Rapaport
Hong Kong
Chow Tai Fook’s Chinese New Year Sales Plummet 29%
Chow Tai Fook reported a 29-percent decline in retail salesduring the Chinese New Year period compared with a year ago as consumers inMainland China shopped outside the country over the festive season.Sales on themainland between...
Retail Feb 18, 2016 Rapaport News
Polished Diamonds
Polished Diamond Prices Rise in January
PRESS RELEASE, February 2, 2016, New York … Polished diamond prices rose in January as shortages continue to support the market. U.S. demand is steady after a reasonably good holiday season, while China’s wholesale market slowed as the...
Polished Markets Feb 02, 2016 Rapaport
China Scene
Adjusting to China’s New Normal
The diamond industry has a lot riding on the Chinese New Year season and recent events in Shanghai have done little to inspire confidence. As stocks plummeted and the Renminbi depreciated against the dollar, fresh...
Retail Jan 14, 2016 Avi Krawitz
Polished Diamonds
Polished Diamond Prices Increase in December
PRESSRELEASE, January 5, 2015, New York … Polished diamond market sentiment improvedin December as shortages supported prices and dealers filled last-minuteholiday orders. Initial reports about U.S. holiday season jewelry sales arepositive. General retail...
Polished Markets Jan 05, 2016 Rapaport
Hong Kong
Business as Usual in Hong Kong
The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and...
Polished Markets Mar 06, 2015 Avi Krawitz
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