RapNet


Rapaport News

 

Research

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Rapaport TradeWire September 24, 2020

Polished prices firm amid shortages and improving holiday orders.
Sep 24, 2020 10:38 AM   By Rapaport
Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet 600X160 Gemblog
Rapaport TradeWire
September 24, 2020
RAPAPORT MARKET COMMENT
image

Polished prices firm amid shortages and improving holiday orders. Trading restrained due to continued rise in Covid-19 cases. Jewelers preparing 4Q marketing with emphasis on e-commerce strategies to drive growth. Retailers pushing dealers for memo. More manufacturers insisting on cash deals. Steady rough buying during sight week as Surat cutters try to increase production and fill polished supply gaps. De Beers reduces prices by 5% to 10% for rough below 1 ct. Dominion gains $46M at first sale since March. US July polished imports -50% to $806M, exports -25% to $868M. Rapaport offices will be closed on Monday, September 28, due to Yom Kippur.

Alrosa Usa 600 X160 2
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -0.27% 1.71% 13.22%
0.50 ct 0.26% 3.89% 15.22%
1.00 ct 0.34% 2.83% 1.09%
3.00 ct 0.47% 1.52% -4.39%
RAPI Yearly Graph
600X160 Static 20 Q3 B2 Cwatches Display Sell Timepiece Find Buyers
Market Reports
image
United States: Bridal segment robust and seeing solid interest in 1 to 2 ct., G-I, VS-SI diamonds...
image
Belgium: More polished expected to become available next month as manufacturers gradually raise production...
image
Israel: Rising interest in fine-cut fancy shapes...
image
India: Some improvement in jewelry sales amid stable gold price...
image
Hong Kong: Expectations for good retail sales in mainland China during October 1 Golden Week...
image
Amipi Rapnet Tradewire
Trend Report: Covid-19 Driving Move to Digital
WITH John Costello

Jewelers are preparing their holiday marketing with an emphasis on e-commerce, part of a notable shift in the industry toward embracing online solutions.

UPS AND DOWNS
image
Engagement-Ring Resale Market Booming Amid Pandemic
image
Sale of Ekati Raises Hopes of Imminent Reopening
image
Diamantaire Charged with Fraud in $30M Scheme
image
China Arrests 121 for Diamond Smuggling
image
Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
image
News Thumbnail
De Beers Reduces Prices of Smaller Rough
Miner makes cuts of 5% to 10% for goods under 1 carat.
News Thumbnail
Diamond Grading Gets an International Standard
New ISO guide aims to reduce inconsistency among labs.
News Thumbnail
Rough Sales Pick Up as Market Begins Rebound
Mountain Province, Lucapa and Alrosa see “encouraging” signs.
retail
image
News Thumbnail
LVMH-Tiffany Trial Set for January
Court approves US jeweler’s request to fast-track lawsuit.
News Thumbnail
Charles & Colvard Embraces Lab-Grown Diamonds
Moissanite maker creates line of bridal and fashion jewelry.
News Thumbnail
Diamond Sales Set for Resurgence – De Beers
Women are wearing more diamond jewelry than in previous Covid-19 waves.
News Thumbnail
Tiffany to Track Diamonds Down to the Mine
Retailer plans 100% traceability by 2025.
mining
image
News Thumbnail
Dominion Restarts Rough Sales
Miner brings in $46 million at first tender since March.
News Thumbnail
Alrosa Names New Belgium Chief
Akil Zubir previously ran the miner’s insurance division.
News Thumbnail
Letšeng Yields Two More Large Stones
Gem Diamonds recovers 166-carat white and 77-carat yellow.
News Thumbnail
Zimbabwe State Diamond Miner Gets New CEO
Mark Mabhudhu will help government body achieve goal of $12 billion in revenue by 2023.
general
image
News Thumbnail
VicenzaOro Lifts Sentiment Despite Slow Sales
Attendance at Italian show well below pre-pandemic levels.
News Thumbnail
Jewelers of America Seeks Answers on Diversity
Study addresses hiring practices, inclusion and racial discrimination.
News Thumbnail
IGI Enhances Security of Grading Reports
Institute adds protective features, including lab’s seal and tamper-evident label.
News Thumbnail
Bonhams Appoints Hong Kong Jewelry Head
Leslie Roskind was previously the auction house’s senior specialist for New York division.
Adt200074 Rapaport Scholarship 600X160
FINANCE
Diamond Industry Stock Report
image

Global stocks took another tumble this week as investors worried about uncertainty surrounding a resurgence of Covid-19 cases and whether the US government would provide a further stimulus package. Retail shares including Macy’s (-13%), Luk Fook (-9%), Richemont (-6%), Chow Sang Sang (-5%) and Signet (-4%) all slid. Mining also fared poorly, with Anglo American (-7%), Lucapa (-6%), Lucara (-6%) and Alrosa (-3%) all losing steam. Mountain Province (+5%) bucked the trend after encouraging results from its first rough sale since March.  

600X160
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.
Print Print Facebook Facebook Twitter Twitter Share Share
સમાન લેખો
ટિપ્પણીઓ: (0)  Add comment ટિપ્પણી ઉમેરો
ટિપ્પણીઓ ગોઠવો અંતિમ થી પ્રથમ



અમને ફોન કરો: ૧-૭૦૨-૮૯૩-૯૪૦૦
Member License Agreement   RapNet Trading Rules & Code of Conduct    ગોપનીયતા નીતિ  
  
twitter twitter
વિશે Rapaport
અમારી સાથે જાહેરાત કરો