Rapaport Weekly Market Comment
Nov 11, 2021 10:40 AM By Rapaport News
Polished trading robust; US holiday orders driving demand. Bridal strong ahead of December engagement season, with spike in weddings expected in 2022. Designers using alternative shapes to satisfy consumer interest in unique jewelry. Rough demand steady and prices high during De Beers sight. Alrosa Oct. rough sales -2% to $293M. Lucara 3Q revenue +76% to $73M, profit of $13M vs. loss of $5.4M. Christie’s Geneva sells $59M (93% by lot), with pair of Marie Antoinette diamond bracelets going for $8M. Pluczenik partners with Nungu Diamonds in new South Africa polishing factory. Mountain Province appoints Mark Wall as CEO. Industry mourns the passing of Helene Fortunoff.

Fancies: Market robust. Prices high and stable, supported by supply shortages. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing shortages. Retailers offering broader product ranges as consumers seek alternative shapes. Dealers report increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Radiants closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent shape commanding premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: New York dealers filling orders and looking for goods. 1 ct. and larger expensive and in demand. A lot of memo calls with strong sell-through. Retail jewelers seeing good holiday momentum. Big brands and department stores enjoying healthy jewelry sales and looking to replenish sold inventory. Jewelry category may capitalize on supply delays affecting electronics and other popular holiday gifts.

Belgium: Sentiment positive, with growing optimism for the holiday season. Good dealer demand for large, expensive diamonds, high-end fancy shapes and luxury jewelry. Geneva auctions upbeat. Shortages in best-quality rounds, fancies and color diamonds. Rough market active during De Beers sight week.

Israel: Dealers busy and focused on supplying US market. Strong demand for round and fancy-shape, 1.50 to 3.99 ct., F-H, VS-I1 goods. Difficult to find better-quality stones above 1 ct. at reasonable prices. Diamonds below 0.70 ct. weakening. Nice, well-cut pears and ovals in short supply and selling at firm discounts.

India: Trading seasonally slow during Diwali break. Jewelers report strong retail sales over festive period. Industry leaders publish draft Diamond Charter to prevent certificate fraud. Polished manufacturer Asian Star sees 2Q sales jump to $157M vs. $67M a year earlier, profit more than doubles to $4M.

Hong Kong: Holiday orders supporting the market, with strong appetite for 1 ct., D-I, VS2-SI2, 3X goods. Sellers staying firm on prices amid solid demand and low supply. 0.30 to 0.80 ct. also moving well. Retail improving as Covid-19 restrictions ease; mainland China consumers continue spending domestically. Polished shipments into China more than triple to $2.32 billion in first nine months of 2021, Shanghai Diamond Exchange reports.

Dalo sa to očakávať, že výstava 2022 je zrušená.😕

Obrázky:

Rapaport Weekly Market Comment
Nov 25, 2021 10:30 AM
Sentiment positive as holiday sales gain momentum. Consumers continue to focus on meaningful gifting. Travel spending gradually returning. Manufacturers raising production after Diwali break amid shortages of better-quality RapSpec A3+ diamonds above 1 ct. De Beers Nov. sight -7% to $430M. Rio Tinto takes full ownership of Diavik mine. Chow Tai Fook 1H revenue +79% to $5.7B, profit +60% to $470M. Birks Group 1H revenue +48% to $67M, profit of $791K vs. loss of $2M. Indian government to require GJEPC membership for rough imports and exports. The Rapaport Group wishes all our friends a happy Thanksgiving and a successful holiday season.

Fancies: Market robust. Prices high and stable, supported by supply shortages. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. Retailers offering broader product ranges as consumers seek alternative shapes. Dealers report increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Radiants closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Steady demand in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Trade optimistic during peak selling period. Steady bridal sales as America anticipates 2022 wedding boom. Jewelry among strongest categories at department-store chains. Good demand for round, 1 to 3 ct., G-I, SI1-SI2 goods. Melee market buoyant; merchandise in short supply. Upward trend in oval and cushion, 2 to 3 ct., G-H, VS diamonds.

Belgium: Uncertainty returns amid European Covid-19 wave. Government tells citizens to work from home four days a week. US and Chinese holiday demand supporting market. Dealers struggling to buy at desired prices. Stable appetite for 1 to 2 ct., G-H, VVS2-SI, 3X diamonds. 0.50 to 0.70 ct. items also moving well.

Israel: Positive sentiment as dealers fill US orders. Holiday buying strong compared with past two years, but finding the right inventory is difficult. Steady market for commercial goods. 0.30 to 0.50 ct., D-G, SI2-I1 diamonds selling well. Far East demand improving for round, 2 to 5 ct., L-M, IF-VS goods.

India: Manufacturing resumes following Diwali break. Cutters’ profit margins squeezed under pressure from high rough prices. Some shortages evident due to Diwali production lull and seasonal demand. October polished exports rose 45% to $2.56 billion as sector met US holiday orders ahead of Diwali; rough imports up 2% to $1.38 billion.

Hong Kong: Holiday buying supporting the market. Strong sales of round and fancy-shape, 1 ct., D-I, VS2-SI2, 3X stones. Local retail positive amid economic recovery and improvement in Covid-19 situation. Continued hopes that borders will reopen. Chinese consumers showing interest in 2 to 5 ct., G-H, VS, 3X goods. Yellow diamonds moving well on mainland.

Financial Data
Metals
Gold $1,771.44 +0.36%

Silver $22.78 +0.21%

Platinum $935.08 +0.90%

Palladium $1,676.83 +0.22%

Currencies
Euro $1.13 -0.09%

Pound $1.33 +0.12%

Yuan($) 6.37 +0.12%

Rupee($) 75.14 -0.17%

Stocks
Signet Jewelers $102.93 -0.13%

Chow Tai Fook HKD 13.98 -3.98%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 136.70 -1.58%

LVMH €686.60 -1.52%

Swatch Group CHF 271.40 -0.66%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 80.00 +1.91%

Lucara Diamond CAD 0.59 -4.84%

Gem Diamonds GBX 49.60 -3.31%

Rapaport Weekly Market Comment
Dec 2, 2021 10:35 AM By Rapaport News
Sentiment upbeat after strong start to holiday season. Jewelry sales +78% over Thanksgiving weekend, Mastercard SpendingPulse reports. Overall e-commerce -1.4%, according to Adobe. Signet Jewelers 3Q revenue +18% to $1.5B, profit up tenfold to $93M. Jewelers with inventory enjoying record season. Dealers struggling to buy at current prices. 1 ct. RAPI +0.9% in Nov. China and Hong Kong improving ahead of Lunar New Year. Concern that Covid-19 Omicron strain will limit trading due to new travel restrictions. Rough market stable for now; manufacturers worried about shortages and tighter profit margins. India Oct. polished exports +45% to $2.6B, rough imports +2% to $1.4B.

Fancies: Market robust. Prices high and stable, supported by supply shortages. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. Retailers offering broader product ranges as consumers seek alternative shapes. Dealers report increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Radiants closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Steady demand in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Retail jewelers seeing strong sales momentum and optimistic for 1H 2022. All categories moving well. Bridal and fashion driving growth. Dealers looking for inventory due to positive outlook. Some holding off on selling in hope that solid demand will continue and prices will rise further. 3 ct. and larger strong in rounds and fancies.

Belgium: Polished activity stable. Fewer foreign buyers in Antwerp as new Covid-19 variant restricts travel. US orders strong; Asian demand improving. Good interest in round, 1 to 2 ct., F-H, VVS1-SI1 diamonds. 0.30 to 0.40 ct. weak because of excess inventory; 0.50 to 0.70 ct. firm due to shortages. Larger stones also selling well. Dealers struggling to restock at reasonable prices. Rough market steady ahead of next week’s De Beers sight.

Israel: Polished prices benefiting from increasing demand and low supply of diamonds above 0.50 ct. Companies with inventory enjoying good season. US holiday orders driving market. Buyers looking for goods from India but finding it difficult to meet their needs due to high prices.

India: Polished sector buoyant as manufacturers focus on US and Far East holiday orders. Melee in demand and hard to find. 1 ct. and larger also selling well. Prices rising at rough tenders amid lower mining production. Local jewelry market positive. Industry welcomes US decision to drop proposed tariffs on select Indian goods.

Hong Kong: Trading upbeat during peak season. Solid interest in 1 ct., D-K, VVS-SI2 and 2 to 3 ct., G-H, VS-SI1 stones. Retail improving; sales of jewelry, watches and other hard luxury items +23% in October. Government still planning to reopen border with China as Omicron cases remain limited. Mainland seeing strong performance ahead of Lunar New Year; colored diamonds and gemstones popular.

Financial Data
Metals
Gold $1,781.07 +0.03%

Silver $22.44 -0.72%

Platinum $955.49 -0.98%

Palladium $1,794.92 -0.55%

Currencies
Euro $1.13 -0.24%

Pound $1.32 -0.09%

Yuan($) 6.35 +0.07%

Rupee($) 75.40 +0.29%

Stocks
Signet Jewelers $89.27 +2.32%

Chow Tai Fook HKD 14.00 +1.74%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 144.20 -0.38%

LVMH €714.70 -1.42%

Swatch Group CHF 281.90 +5.30%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 70.00 +2.19%

Lucara Diamond CAD 0.58 0.00%

Gem Diamonds GBX 44.95 -0.99%

koukám sig-u se zase daří. pamatuji "nedávno" jak jsem ho při 15ti kupoval... no hezké zhodnocení by to bylo😃

Rapaport Weekly Market Comment
Dec 9, 2021 10:30 AM By Rapaport News

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.

Fancies: Market robust. Prices high and stable, supported by supply shortages. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. Retailers offering broader product ranges as consumers seek alternative shapes. Dealers report increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Radiants closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Steady demand in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: 47th Street busy as dealers, vendors and buyers hustle for bargains before Christmas break. Steady retail jewelry sales; bridal and fashion categories dominating. High-end and antique segments also doing well. Round and fancy-shape, 1.20 to 3 ct., G-J, VS2-SI categories are hot. Fancies strong; nice ovals hard to find.

Belgium: Upbeat mood amid firm polished prices. Supply insufficient to meet demand. Solid market for commercial goods and for 1 to 5 ct., D-H, VS-SI stones. Dealers enjoying successful sales trips and returning just to restock. Fancy colors moving. Rough sector robust during De Beers sight week.

Israel: Trading positive. Focus is on filling final US holiday orders. Dealers looking to buy but struggling to find the right diamonds at profitable prices. 1 ct. SIs and oversizes are strongest categories. 1.50 ct. and larger proving scarce. Buying outside Israel difficult due to travel disruptions from Omicron outbreak.

India: Market stable. Orders from Hong Kong and China for 0.30 to 0.50 ct. improving, but excess inventory remains in these categories. Larger sizes seeing shortages, especially 3 ct. and above. Rough trading steady; demand good despite high prices. Manufacturers gradually raising production to alleviate scarcities and in anticipation of strong first quarter.

Hong Kong: Good activity as Chinese consumers shop ahead of Lunar New Year. Solid demand for 1 ct., D-K, VVS-SI diamonds. Fancy colors moving well on mainland, especially yellows and pinks. Local retail improving. Dealers cautious as travel restrictions remain. Talks continue over reopening Hong Kong-China border.

Rapaport Weekly Market Comment
Dec 16, 2021 10:30 AM By Rapaport News

Diamond trade enjoying best holiday season on record, fueling optimism for 2022. Dealers anticipate strong restocking in 1Q but are struggling to find goods at profitable rates. Inventory low and liquidity high. Shortage of 1 ct. and larger diamonds. Rough demand strong after recent supply constraints. Alrosa Nov. sales -14% to $334M. De Beers plans 2022 production of 30M to 33M cts. vs. 32M cts. this year. Petra Diamonds achieves $128M at FY2Q rough tender; average price +12% to $145/ct. Christie’s Paris online auction totals $12M (86% by lot). Global Witness warns against Myanmar (Burma) gemstones, claiming trade is fueling conflict and human-rights abuses.

Fancies: Market robust. Good demand across all sizes. 1.20 to 3.99 ct., F-J, VS-SI is the hottest category and seeing scarcities. 0.30 to 0.99 ct. improving. Prices high and stable, supported by supply shortages. Retailers offering broader product ranges as consumers seek alternative shapes. Dealers report increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Steady demand in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Buoyant activity in final weeks of the holiday season. Commercial categories and melee selling well. Dealers struggling to replenish inventory. Antique and vintage jewelry booming. Good consumer interest in 1 to 3 ct., I-N, SI1-I2 qualities. Shoppers spreading their spending throughout the season. Projections show slightly quieter Super Saturday than last year.

Belgium: Strong US market and improving European demand make for steady trading. Suppliers busy filling last-minute orders before the Christmas break. Some concerned rapid price increases may not be sustainable. Rough sector stable following De Beers sight. Low availability of rough is setting stage for robust January sales.

Israel: Upbeat mood after solid end-of-year sales. Dealers filling orders and looking for replacement goods. Rising expectations for jewelers’ first-quarter restocking. Stable demand for 1 ct., G-J, VS-SI, RapSpec A3+ diamonds. Shortages and firm rough prices making it difficult to buy new inventory.

India: Suppliers focused on final US holiday orders and early Chinese New Year demand. Manufacturers looking to raise production levels to alleviate scarcities but are cautious due to high rough prices. Polished inventory up due to spike in 0.30 to 0.50 ct. goods. GIA seeing reduced turnaround time of three to four weeks. Jewelers optimistic after strong Diwali and wedding season.

Hong Kong: Sentiment positive amid stable demand for 1 to 1.50 ct., D-H, VS2-SI2, 3X diamonds. Fancy shapes moving well, especially 1 ct. and larger hearts, pears and emeralds. Local retail improving; China robust. Mainland jewelry manufacturers operating at high capacity as stores prepare for Lunar New Year.

Financial Data
Metals
Gold $1,788.21 -0.06%

Silver $22.48 +0.33%

Platinum $932.79 +0.27%

Palladium $1,724.31 +1.14%

Currencies
Euro $1.13 -0.09%

Pound $1.33 +0.06%

Yuan($) 6.38 +0.01%

Rupee($) 75.74 -0.27%

Stocks
Signet Jewelers $79.61 -4.89%

Chow Tai Fook HKD 14.02 +4.63%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 132.70 +0.87%

LVMH €701.50 +0.53%

Swatch Group CHF 266.60 -0.15%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 73.00 +1.39%

Lucara Diamond CAD 0.54 -1.82%

Gem Diamonds GBX 46.85 +2.29%