Rapaport Weekly Market Comment
Feb 3, 2022 10:00 AM By Rapaport News
Diamond dealers busy but uncertain about market direction. Suppliers maintaining prices and expecting uptrend to continue; buyers concerned about replacement costs and tight profit margins. 1 ct. RAPI +6.9% in Jan. Price gains stimulated by expensive rough, scarcities and US demand. China quiet. Rough in short supply despite below-capacity manufacturing. De Beers Jan. sales of $660M consistent with last year but reflect lower volumes at higher prices. Miners pushing for more efficient supply chain; Alrosa reduces time between processing and sales by 15 to 25 days. LVMH 2021 jewelry and watch revenue +167% to $10.11B. India cuts polished diamond import duty from 7.5% to 5%.

Fancies: Market robust. Good demand across all sizes. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. 0.30 to 0.99 ct. improving in VS and better clarities. Fancies below 0.30 ct. showing significant gains since Diwali. Supply shortages supporting prices. Retailers offering broader product ranges as consumers seek alternative shapes. Growing interest in fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. 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: Slower trading than previous weeks. Buyers concerned about rising prices. Dealers struggling to make profit when replacing sold goods. Steady demand for 1 to 2 ct., D-F, IF-VVS, but transactions very price-sensitive. Jewelry retail upbeat as sales momentum continues, fueling strong expectations for Valentine’s Day. Positive sentiment at Centurion show.

Belgium: Trade optimistic, particularly rough dealers. Some concern that rough and polished price growth is fueling speculation. Difficult to buy. Suppliers with inventory in strong position. Steady demand for 1 to 1.50 ct., D-J, VS-SI, 3X goods. European luxury retail doing well.

Israel: Light activity in the bourse due to high Covid-19 infection rates. Dealers looking for goods but struggling to purchase at current price levels. Suppliers focused on US market and online trading. Growing concerns that stock-market volatility may influence diamond-industry sentiment.

India: Stable market supported by US orders. Stars, melee and parcel goods in demand despite recent price increases. Steady movement of certified goods. Suppliers raising asking prices due to higher rough costs; buyers growing cautious. Manufacturers operating at estimated 75% of capacity, with rough shortages hurting smaller operations.

Hong Kong: Wholesale and retail quiet over Chinese New Year period. Covid-19 restrictions also limiting activity. Luxury segment hurt by lack of tourist shoppers: Visitors to Hong Kong fell 97% to just 91,398 in 2021. Retail sales of jewelry, watches, clocks and other valuable gifts jumped 27% to $4.98 billion for the year. China also slow during the holiday season.

Rapaport Weekly Market Comment
Feb 17, 2022 10:30 AM By Rapaport News
Sentiment mixed following sharp rise in rough and polished prices. Rough selling at unsustainable premiums on secondary market, fueled by speculation and shortages. Further increases likely at De Beers sight. Alrosa to buy from Gokhran Feb. sale to fill supply gaps. US jewelry revenues +20% in Jan., according to Mastercard SpendingPulse. Rising concerns about retail slowdown amid high inflation, geopolitical tensions and stock market volatility. India Jan. polished exports +15% to $2.1B, rough imports -4% to $1.2B. Belgium Jan. polished exports +21% to $660M, rough imports +42% to $889M. Sotheby’s sets $48M estimate for 15.10 ct., fancy-vivid-blue, IF diamond at April auction.

Fancies: Market robust. Good demand across all sizes. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. 0.30 to 0.99 ct. improving in VS and better clarities. Fancies below 0.30 ct. showing significant gains since Diwali. Supply shortages supporting prices. Retailers offering broader product ranges as consumers seek alternative shapes. Growing interest in fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. 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: Dealers frustrated with lack of available goods, particularly in melee. Traders seeing some memo calls and interest in filling specific orders. Very little buying for bulk programs due to high prices. Good demand for 1.50 to 3 ct., J, VS1-I1, 3X diamonds. Large marquises hot. Retail jewelers upbeat about Valentine’s Day after strong January sales.

Belgium: Sentiment positive as value of inventory continues to rise. Dealers struggling to find profitable goods. Steady demand for 0.30 to 0.70 ct., G-H, VS-SI. Fancy shapes robust. US orders driving business. Far East relatively quiet. Rough sector booming ahead of next week’s De Beers sight.

Israel: Traders concerned about price speculation. Sold items proving difficult to replace as valuations keep increasing. Suppliers focusing on e-commerce amid ongoing Covid-19 Omicron infections. Strong interest in 0.01 to 0.29 ct. parcel goods. Rough prices climbing; secondary market seeing record high premiums.

India: Upbeat mood as US demand drives sales. Hong Kong and China slow. Both certified and non-certified stones in short supply. Smaller parcel goods hard to find. Steady orders for 1 ct., VS1-I2, F-K diamonds. Fancy shapes moving well. Rough scarcities limiting polished production. Larger manufacturers enjoying good liquidity and gaining market share.

Hong Kong: Polished trading down due to spike in Covid-19 cases. Wholesale resuming slowly after Chinese New Year. Retail weak due to pandemic and lack of tourist shoppers; China border remains closed. Mainland market gradually improving but seasonally quiet. Jewelers saw vibrant gold sales during lunar festival. Solid interest in 0.30 to 0.70 ct., H-J, VS diamonds, but buyers hesitant due to price levels.

Financial Data
Metals
Gold $1,908.37 -0.53%

Silver $24.01 +0.38%

Platinum $1,083.63 -0.32%

Palladium $2,345.72 -1.39%

Currencies
Euro $1.13 +0.23%

Pound $1.36 -0.02%

Yuan($) 6.34 +0.00%

Rupee($) 74.58 +0.39%

Stocks
Signet Jewelers $77.81 +1.47%

Chow Tai Fook HKD 16.38 +0.99%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 128.65 -0.54%

LVMH €672.20 -2.05%

Swatch Group CHF 288.70 +0.87%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 103.00 -2.83%

Lucara Diamond CAD 0.65 -2.99%

Gem Diamonds GBX 50.55 -2.60%

Financial Data
Metals
Gold $1,896.37 -0.25%

Silver $24.13 -0.05%

Platinum $1,075.78 +0.35%

Palladium $2,286.86 +0.13%

Currencies
Euro $1.13 +0.14%

Pound $1.36 +0.17%

Yuan($) 6.33 -0.18%

Rupee($) 74.67 +0.03%

Stocks
Signet Jewelers $77.81 +1.47%

Chow Tai Fook HKD 16.26 -0.73%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 128.65 -0.54%

LVMH €669.20 -0.45%

Swatch Group CHF 284.60 -1.42%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 101.00 -1.94%

Lucara Diamond CAD 0.65 -2.99%

Gem Diamonds GBX 49.80 -1.48%

Rapaport Weekly Market Comment
Feb 24, 2022 10:00 AM By Rapaport News
War shakes global markets. Polished trading steady. Buyers more cautious due to concerns about rising prices. Rough robust during sight week. Shortages on secondary market driving “bren” premiums. De Beers 2021 revenue +65% to $5.6B, underlying earnings of $345M vs. loss of $102M in 2020, price index +11%. Prices for smaller rough +5% at Feb. sight. Alrosa prices estimated +10% at Feb. sale. Rio Tinto 2021 diamond revenue +9% to $501M, earnings of $99M vs. $9M previous year. Petra Diamonds 1H sales +49% to $265M, profit -26% to $49M. Industry mourns passing of Dorothée Gizenga, longtime advocate for artisanal miners.

Fancies: Market robust. Good demand across all sizes. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. 0.30 to 0.99 ct. improving in VS and better clarities. Fancies below 0.30 ct. showing significant gains since Diwali. Supply shortages supporting prices. Retailers offering broader product ranges as consumers seek alternative shapes. Growing interest in fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. 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 but more cautious than before. Slight slowdown in 3 ct. and larger diamonds, which were hot in previous weeks. 1 to 1.25 ct., G-J, VS-I1 goods selling well. Melee still strong and difficult to source. Dealers struggling to buy due to rising prices. Retail momentum continuing, especially for high-end jewelers.

Belgium: Positive sentiment amid steady US and European orders. Good demand for 1 to 1.50 ct., G-J, VS-SI diamonds. Rough trading solid during De Beers and Alrosa sales week; secondary market seeing shortages and high premiums. Several diamantaires traveled to UAE for Dubai Multi-Commodities Centre (DMCC) conference and JGT show. Dubai upping competition with Antwerp for share of rough sector.

Israel: Bourse activity relatively quiet. Suppliers filling more orders online; focus is on US clients. Slight drop in sales due to seasonality and high prices. Dealers hesitant to purchase at current valuations but also unwilling to sell for the lower sums buyers would likely offer. Israel Diamond Exchange opens office in DMCC.

India: Mood upbeat. Stable orders from US and China as well as domestic jewelers. Improvement in VVS-SI category. Slowdown in cheap diamonds below $200 in I1 and lower clarity. Fancies moving well, especially above 1.20 ct. Strong rough demand due to scarcities in secondary market. Large manufacturers’ good liquidity and access to rough are strengthening their position.

Hong Kong: Wholesale and retail segments sluggish as Covid-19 infections continue spreading fast. No lockdown, but people encouraged not to go out. Luxury stores seeing little traffic and are sending sales staff home. Chinese market seasonally slow after Lunar New Year. Dealer trading starting to pick up but without any urgency to purchase at current prices.

Financial Data
Metals
Gold $1,941.88 -0.37%

Silver $25.34 -0.91%

Platinum $1,053.19 +0.31%

Palladium $2,529.31 +0.05%

Currencies
Euro $1.11 -0.60%

Pound $1.33 -0.36%

Yuan($) 6.32 +0.10%

Rupee($) 75.82 +0.02%

Stocks
Signet Jewelers $70.50 -2.22%

Chow Tai Fook HKD 16.22 -0.12%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 116.05 -7.23%

LVMH €625.80 -5.17%

Swatch Group CHF 262.50 -7.93%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 100.00 -3.85%

Lucara Diamond CAD 0.64 -3.03%

Gem Diamonds GBX 48.60 +0.21%

Pekný diamantík a modrá farba je dnes IN...😉

Obrázky:

Rapaport Weekly Market Comment
Mar 3, 2022 1:00 PM By Rapaport News
US sanctions Russia, including Alrosa and its CEO. No sanctions on doing business with Alrosa but banking system shut down. Significant supply disruptions expected to impact market. Alrosa is the largest rough producer with 2021 sales of 45.5M cts. for $4B, profits of $834M. Diamond trading robust, but sentiment weakened by economic and geopolitical uncertainty. 1 ct. RAPI +5.6% in Feb. despite concerns that inflation, higher interest rates and Ukraine war will dampen global consumer confidence. Chow Tai Fook signs rough supply deal with Mountain Province. Sarine Technologies 2021 revenue +52% to $62M, profit of $17M. Rapaport to host webinar titled “Politics, Economics, and Diamond Prices: Dealing Diamonds Amid a New World Order” on Monday, March 7, at 12 p.m. EST. Register here.

Fancies: Market robust. Good demand across all sizes. 1.20 to 3.99 ct., F-J, VS-SI is hottest category and seeing scarcities. 0.30 to 0.99 ct. improving in VS and better clarities. Fancies below 0.30 ct. showing significant gains since Diwali. Supply shortages supporting prices. Retailers offering broader product ranges as consumers seek alternative shapes. Growing interest in fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. 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: Trading steady, but buyers unwilling to pay asking prices. 3X goods selling at low discounts and difficult to find. Some buyers shifting to fancy shapes above 1.50 ct., which offer better prices than rounds in same categories. Focus on better-quality VVS-VS diamonds rather than SIs. Slight fall in large-stone, big-ticket items. Very few inventory purchases. A lot of memo orders, which are turning into invoiced sales.

Belgium: Rough dealers concerned that US sanctions on Alrosa will restrict Russian supply. Rough shortages driving premiums on secondary market. Solid polished trading despite high prices. Large stones selling well.

Israel: Positive environment for sellers. Buyers looking for goods but struggling to find the right polished at reasonable valuations. Dealers focused on filling US demand, with strong memo orders. 1 ct., G-J, VS-SIs selling well. Concerns about potential supply shortages and US economic slowdown resulting from Russia-Ukraine war.

India: Trading sluggish compared with the boom in January and February. Buyers lacking urgency and resisting higher prices. Small goods healthy, particularly -2 sieve size and stars, VVS-VS. Fancy shapes above 1.50 ct., G-K, VVS-VS selling well. Favorable appetite for rough amid decline in volume available.

Hong Kong: Wholesale and retail quiet due to pandemic. Government urging people to stay home as infections spread and mortality rate rises. Jewelers relying on engagement ring demand, but sales down for suitable 0.80 to 1 ct., D-G, VS (3X, no fluorescence) diamonds. China market relatively slow. Gold jewelry robust as consumers seek hedge investment during period of global uncertainty.

Zlato výrazne nestúpa, zrejme rekordy dlhodobejšie budú atakovať iné viac potrebné kovy...

Financial Data
Metals
Gold $1,990.76 +0.15%

Silver $25.68 +0.11%

Platinum $1,077.87 +0.09%

Palladium $2,889.45 -0.42%

Currencies
Euro $1.10 -0.30%

Pound $1.32 -0.21%

Yuan($) 6.32 +0.06%

Rupee($) 76.17 +0.36%

Stocks
Signet Jewelers $64.42 +4.04%

Chow Tai Fook HKD 15.24 -2.31%

Chow Sang Sang HKD 11.62 -1.36%

Titan INR 1,869.60 -0.04%

Richemont CHF 113.45 +12.61%

LVMH €602.60 +9.54%

Swatch Group CHF 253.00 +8.12%

Anglo American GBX 2,991.50 +2.77%

Petra Diamonds GBX 110.00 -3.51%

Lucara Diamond CAD 0.62 -7.46%

Gem Diamonds GBX 49.50 +11.36%

Zaujímavé čísla.🙄

RapNet Diamond Index (RAPI™)

0.30 ct	 
0.50 ct	 
1.00 ct	 
3.00 ct

Weekly
Mar. 02,2022-
Mar. 09,2022 Monthly
Feb. 09,2022 -
Mar. 09,2022 Y2Y
Mar. 09,2021 -
Mar. 09,2022

0.30 ct
3.22 %	6.84 %	7.80 %

0.50 ct
2.44 %	7.99 %	15.10 %

1.00 ct
4.12 %	8.33 %	36.53 %

3.00 ct
2.71 %	7.46 %	37.66 %