Financial Data
Metals
Gold $1,880.66 -0.05%

Silver $27.61 -0.59%

Platinum $1,181.86 +0.20%

Palladium $2,755.96 +0.73%

Currencies
Euro $1.22 +0.25%

Pound $1.42 +0.09%

Yuan($) 6.41 -0.17%

Rupee($) 72.82 -0.06%

Stocks
Signet Jewelers $57.54 +0.16%

Chow Tai Fook HKD 13.48 -0.59%

Chow Sang Sang HKD 12.84 +4.22%

Titan INR 1,538.35 +0.46%

Richemont CHF 99.32 +4.95%

LVMH €631.60 +0.43%

Swatch Group CHF 302.60 +1.31%

Anglo American GBX 3,143.00 -0.36%

Petra Diamonds GBX 1.44 -0.69%

Lucara Diamond CAD 0.80 0.00%

Gem Diamonds GBX 67.50 -1.60%

Rapaport Weekly Market Comment
May 27, 2021 10:30 AM By Rapaport News
Upbeat US and China retail sales driving positive sentiment. Trading limited due to supply scarcity and India Covid-19 travel restrictions. Polished shortages stimulating rough buying at firm prices. Strong cash buyers making for good market liquidity, but India experiencing some pandemic-related payment concerns. Richemont FY jewelry sales +3% to $9.1B. Christie’s HK sells $76.8M (82% by lot), including cushion-cut, 15.81 ct., fancy vivid purplish-pink, IF diamond ring going for $29.3M ($1.9M/ct.). Belgium Apr. polished exports +330% to $566M, rough imports +643% to $933M. Sarine partners with Constell Group on technology solutions for lab-grown sector.

Fancies: Market robust. Upturn in prices for 0.30 to 0.99 ct. goods of various shapes. Oversizes trading at higher prices than usual. Shortages of 1.25 to 3.99 ct., F-J, VVS2-SI2 fancies. Retailers offering wider product ranges as consumers seek alternative shapes at more affordable prices than rounds. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Excellent cuts in demand and selling at premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Stable market as jewelers continue to replenish inventory. Good demand for 1 ct., D-H, SI2 category as well as for 3 ct., G-H, VVS-VS. Jewelry manufacturers ordering small stones for micro-pavé settings in D-G, VVS-VS range. Old mine and European cuts selling well as consumers seek unique pieces with stories. Focus on bridal ahead of summer wedding season.

Belgium: Positive sentiment amid steady US and Chinese orders and improving European demand. Shortages supporting the market. Emphasis on online selling as Covid-19 travel constraints lead to absence of foreign buyers. 0.30 ct., 0.50 ct., and 0.70 to 2 ct., G-H, VVS-VS are strong sellers. Rough market robust after Alrosa sale.

Israel: Bourse returning to normal after two-week escalation of Arab-Israeli conflict kept dealers away. Government to lift all Covid-19 restrictions on June 1 except for travel from countries with high infection rates. Traders mainly filling orders from US and China. Large cash purchases injecting liquidity into the market. Good demand for dossiers, reversing previous downtrend.

India: Trading steady despite ongoing coronavirus measures in many parts of the country. Dealers concentrating on exports. 1 ct. and 1.50 ct., D-H, SI goods moving well. Production levels steady despite worker absences due to pandemic. Polished shortages stimulating rough buying.

Hong Kong: Diamond activity improving. Pandemic appears under control, but social distancing rules still apply. Solid interest in 1 ct., D-M, VS2-SI2. Dealers optimistic as local retail performs better than in previous years and Chinese jewelers report upbeat spring sales. Summer promotions underway.

Financial Data
Metals
Gold $1,889.38 -0.19%

Silver $27.59 -0.12%

Platinum $1,158.74 -0.54%

Palladium $2,789.72 -0.70%

Currencies
Euro $1.22 +0.11%

Pound $1.42 +0.22%

Yuan($) 6.39 -0.18%

Rupee($) 72.92 -0.06%

Stocks
Signet Jewelers $61.44 +4.67%

Chow Tai Fook HKD 15.08 -0.26%

Chow Sang Sang HKD 13.36 -0.15%

Titan INR 1,712.50 +1.63%

Richemont CHF 115.30 0.00%

LVMH €659.70 +0.37%

Swatch Group CHF 332.20 +0.27%

Anglo American GBX 3,183.00 +0.95%

Petra Diamonds GBX 1.42 -0.14%

Lucara Diamond CAD 0.75 -2.60%

Gem Diamonds GBX 74.90 -0.13%

Financial Data
Metals
Gold $1,805.37 -0.28%

Silver $26.77 -0.59%

Platinum $1,115.05 -0.90%

Palladium $2,766.50 -1.24%

Currencies
Euro $1.19 -0.52%

Pound $1.40 -0.12%

Yuan($) 6.43 +0.52%

Rupee($) 73.90 +0.14%

Stocks
Signet Jewelers $75.38 +1.52%

Chow Tai Fook HKD 15.94 -0.87%

Chow Sang Sang HKD 14.08 -4.22%

Titan INR 1,714.95 -0.49%

Richemont CHF 115.30 +0.04%

LVMH €682.30 +0.66%

Swatch Group CHF 323.10 -0.15%

Anglo American GBX 2,963.50 -1.18%

Petra Diamonds GBX 1.43 +0.28%

Lucara Diamond CAD 0.81 +1.25%

Gem Diamonds GBX 75.00 +3.02%

Rapaport Weekly Market Comment
Jun 17, 2021 10:30 AM By Rapaport News
Positive sentiment as demand outpaces supply. US retail upbeat; May jewelry sales +203% year on year and +45% vs. May 2019, says Mastercard. Rising expectations for 2H but concern that inflation surge will curb consumer spending. Some jewelers delaying inventory replacement until more polished becomes available. Suppliers’ polished prices firm amid escalating rough costs and anticipated Alrosa price hike. Mountain Province 1Q prices +18%. Manufacturing increasing as India Covid-19 cases drop; worker absenteeism remains a challenge. GIA backlog still over 30 days. India polished exports +131% to $2B, rough imports +601% to $1.3B. Botswana’s Jwaneng mine yields 1,098 ct. diamond.

Fancies: Market robust. Prices firming across most sizes and categories amid shortages and growing fancy demand. Retailers offering wider product ranges as consumers seek alternative shapes. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and cushions closing price gap with rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and selling at premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Dealers upbeat as demand remains steady. Filling orders difficult due to shortages and high replacement costs. 1 to 2 ct., G-J SIs moving well; good sell-through rate on memo items. Retailers picky and looking for better goods to display in their stores — no fluorescence, no brown, green, milky (BGM). Online jewelers less selective and selling at discounts.

Belgium: Diamond trade optimistic as US and China retail maintains growth momentum. Better profit in polished trading than rough manufacturing. Scarcities limiting activity. Strong market for 0.30 to 0.90 ct., F-G, VS-SI stones. Concern emerging over rising rough prices.

Israel: Positive trend. Dealers looking for goods to fill orders. Robust bidding at polished auctions. Demand driven by US market and some improvement from Europe. Shortages enabling suppliers to sell old inventory of less desirable goods such as those with fluorescence and black centers. Growing interest in fancy shapes.

India: Manufacturing activity increasing to satisfy strong US and Chinese demand. Many workers have not returned to Surat after leaving during Covid-19 wave. Local market gaining steam. Cutters struggling to replace sold items as rough prices remain high. Steady movement in F-J, VS-SI, 3X, nonfluorescent, no-BGM goods. Fancy shapes positive.

Hong Kong: Polished trading seasonally slow amid lull in China’s jewelry sector. Local Hong Kong retail sales improving as coronavirus infection rate drops. Dealers expecting uptick in 2H. Stable demand for 1 to 2 ct., J-M, SI diamonds. Weaker market for 2 ct. and larger.

Sothebys bude budúci mesiac dražiť masívny bezchybný diamant v hodnote až 15 miliónov dolárov.
Hruškovitý, 101,38-karátový diamant D, známy ako The Key 10138, sa predstaví v aukcii naživo v Hongkongu 9. júla, uviedol Sothebys v
pondelok. Diamant je prvým šperkom, pre ktorý spoločnosť prijíma digitálnu platbu a nesie najvyšší odhad v histórii fyzického objektu verejne ponúkaného na nákup s kryptomenou, dodala. Kupujúci môže zaplatiť za kameň bežnou menou ako zvyčajne, alebo použiť Éter alebo Bitcoin.

Obrázky:

Rapaport Weekly Market Comment
Jun 24, 2021 10:30 AM By Rapaport News
Optimism driven by shortages and steady US demand. Some uncertainty regarding prices. Dealers concerned that current price levels may not be sustainable once inventory expands. GIA bottleneck persists amid record global submissions and over one-month turnaround at India labs. Rough market robust during Alrosa sale. De Beers June revenue better than expected at $470M. Lucara’s Karowe mine in Botswana produces 1,174 ct. diamond. India bank credit to gem and jewelry trade +15% since last July to $8.4B. US April polished imports at $1.6B vs. $28M in 2020. Sotheby’s to accept cryptocurrency for pear, 101.38 ct., D, FL diamond, with estimated value of $10M to $15M.

Fancies: Market robust. Prices firming across most sizes and categories amid shortages and growing fancy demand. Retailers offering wider product ranges as consumers seek alternative shapes. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Cushions closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and selling at premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Steady trading; good demand for rounds and ovals with GIA certs. 1 to 2.50 ct., F-H, VS-SIs moving well. Strong sell-through rate on memo orders. Growing concern that large quantity of goods will be released from India and the GIA during the slow summer months.

Belgium: Sentiment strong but some skepticism whether momentum can be maintained. Scarcities supporting upward trend. Stable US market and improving Chinese demand stimulating dealer trading. GIA dossiers and 1 to 2 ct. certs selling well. Rough market firm during this week’s Alrosa sale.

Israel: Dealers upbeat with steady US orders. Uncertainty regarding prices as buyers hesitant to accept higher levels. Suppliers keeping discounts firm since rough is expensive. Polished inventory gradually rising in 0.30 to 1.99 ct. goods.

India: Polished suppliers optimistic as shortages and steady demand support prices. Good export orders and robust local trading. Most categories selling, although VVS relatively slow. Curved fancy shapes strong, and princess cuts improving in better colors. Manufacturers raising capacity but constrained by limits on rough supply.

Hong Kong: Dealer market stable but slightly lagging behind other centers. Trading focused on 0.30 to 0.50 ct., D-H, VS-SI and 1 to 1.50 ct., G-J, SI goods. Jewelers gaining confidence as economy improves, although lack of tourism is limiting sales. Bridal demand driving activity. Jewelry retail in mainland China seasonally slow.

Financial Data
Metals
Gold $1,754.56 -0.37%

Silver $25.77 -0.00%

Platinum $1,059.94 -1.02%

Palladium $2,675.37 -0.37%

Currencies
Euro $1.19 -0.04%

Pound $1.38 -0.16%

Yuan($) 6.46 -0.09%

Rupee($) 74.40 +0.24%

Stocks
Signet Jewelers $76.37 -2.25%

Chow Tai Fook HKD 17.44 +0.23%

Chow Sang Sang HKD 13.28 -1.78%

Titan INR 1,731.60 +0.21%

Richemont CHF 112.85 -0.13%

LVMH €674.00 +0.96%

Swatch Group CHF 317.80 +0.35%

Anglo American GBX 2,894.50 -0.24%

Petra Diamonds GBX 1.49 -3.13%

Lucara Diamond CAD 0.74 -1.33%

Gem Diamonds GBX 72.00 -2.70%

Rapaport Weekly Market Comment
Jul 1, 2021 10:30 AM By Rapaport News
Strong US market driving short-term confidence. Polished prices continue upward momentum with good demand and supply shortages. High rough prices supporting polished discounts following June hikes at Alrosa and De Beers. The trade expects 3Q seasonal lull but remains optimistic for holiday season. Dealers cautious about buying at current levels. US jewelers working with less inventory amid store closures and emphasis on e-commerce. Hong Kong retail revenue lagging from lack of tourism. Luk Fook FY’21 sales -21% to $1.1B, profit +18% to $131M. TSL FY’21 sales -9% to $342M, loss of $5.7M. Natural Diamond Council unveils jewelry collection for industry ad campaign.

Fancies: Market robust. Prices firming across most sizes and categories amid shortages and growing fancy demand. Retailers offering wider product ranges as consumers seek alternative shapes. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Cushions closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and commanding premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Mood optimistic in steady market. Suppliers with inventory are in strong position. Dealers struggling to find the right goods at competitive prices. Some worry the industry can’t sustain its recent uptrend through the summer months. Wholesalers expect seasonal slowdown in July but solid rebound after vacation period. Jewelry retail performing well; positive consumer sentiment driving sales.

Belgium: Polished trading robust after increases in 2Q. Focus is on supply to US and mainland China clients. Buyer uncertainty over price levels. Suppliers frustrated by slow grading turnaround at GIA. Rough demand strong; high bidding at tenders.

Israel: Bourse bustling as suppliers fill US orders. US-focused memo houses doing well. 1 to 3 ct. diamonds moving steadily; the lower the clarity, the better the market. Dealers concerned about rising prices but need inventory to satisfy client requests. Shortages persist due to backlog at GIA and lower rough production.

India: Sentiment positive. Stable demand from US and Hong Kong. High turnover of goods. Strong movement in 1 ct. and larger. Manufacturing gradually rising as Surat workers return after traveling home during peak of coronavirus outbreak. Polished scarcities supporting market as cutters struggle to find rough at the right price.

Hong Kong: Dealers gaining confidence amid hopes that Chinese border will reopen this summer. Trade with mainland difficult as travel remains restricted. Polished prices firm because of limited supply from India. Solid interest in round, 1 to 1.50 ct., G-K, VVS-SI1 diamonds. Buyers seeking deeper discounts, but suppliers refusing to budge. Chinese jewelry market focused on lower-budget items containing gemstones and pearls.

Financial Data
Metals
Gold $1,804.47 +0.41%

Silver $26.31 +0.59%

Platinum $1,095.11 +0.07%

Palladium $2,834.78 +1.39%

Currencies
Euro $1.18 +0.03%

Pound $1.38 -0.14%

Yuan($) 6.46 -0.25%

Rupee($) 74.68 -0.12%

Stocks
Signet Jewelers $77.93 -1.38%

Chow Tai Fook HKD 17.46 -1.36%

Chow Sang Sang HKD 13.48 +0.30%

Titan INR 1,762.80 +0.74%

Richemont CHF 110.55 -1.25%

LVMH €655.80 -0.74%

Swatch Group CHF 310.10 -1.59%

Anglo American GBX 2,900.50 -2.86%

Petra Diamonds GBX 1.50 +2.04%

Lucara Diamond CAD 0.74 -1.33%

Gem Diamonds GBX 73.00 -2.41%