Rapaport Weekly Market Comment
May 4, 2022 10:00 AM By Rapaport News
News: Diamond market split. Suppliers to large US jewelers doing well but dealer trading cautious following recent price declines. 1 ct. RAPI -3.2% in April. Cutters and dealers with US clients separating Russian supply to meet American obligations. China slow. Rough demand weaker despite removal of Russian goods from market. Alrosa postpones sales and will sell to Russia’s Gokhran to raise liquidity. De Beers prices stable at May sight. Petra Diamonds reports rough prices -24% at $86M April tender. Jewelers upbeat ahead of Mother’s Day weekend. Sotheby’s HK sells $38M, with cushion, 3.27 ct., fancy-vivid-blue diamond ring going for $5.3M ($1.6M/ct.). AGS elects Lisa Bridge as president.
Fancies: Market slowing. Supply shortages supporting prices. 1.20 to 3.99 ct., F-J, VS-SI is hottest category. Oval is leading shape, followed by Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Growing interest in fancy-shape engagement rings. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Chinese demand helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.
United States: Positive retail sentiment ahead of Mother’s Day weekend and wedding season. Dealer trading stable, but seasonally quiet. Difficult to find top-quality goods due to shortages in key categories. 1 to 2 ct., G-I, VS-SI diamonds for engagement rings performing nicely. Melee strengthening in G-I, VS-SI ranges that are popular in wedding bands and fashion-jewelry pavé settings.
Belgium: Trading has cooled due to uncertainty over Russian supply. Dealers doing business but anxious to see how US sanctions affect demand from jewelers. Opportunistic buyers pushing for better discounts. Rough market cautious during sight week. High-end jewelry robust ahead of GemGenève show (May 5-8).
Israel: Slow week due to Independence Day holiday. Dealers focused on US and planning supply for Vegas shows, which begin June 8. Some traveling to GemGenève. Steady demand for 1 to 1.50 ct., G-J, VS-SI goods. Rough trading stable, but fewer goods available on the secondary market.
India: Polished market quiet but stable. Buyers starting to look for goods and make offers following recent price declines. US demand seasonally quiet. China slow due to Covid-19 lockdowns. Manufacturing levels down due to lower rough availability.
Hong Kong: Sentiment weak as Covid-19 continues to restrict trade and jewelry retail sales. China lockdowns and border closures continue. Larger retailers gaining market share as consumer caution persists. Jeweler Tse Sui Luen (TSL) expects profit of HKD 15 million ($1.9 million) for year ending March 31 versus loss of HKD 44 million ($5.6 million) in previous year.
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rapaport Weekly Market Comment
May 12, 2022 10:00 AM By Rapaport News
News: Market sentiment mixed as summer wedding season begins. US 8.3% April inflation fuels caution but positive retail momentum continues with jewelry sales +33%, Mastercard reports. Alrosa cancels rough sales, continues supplying Russia’s Gokhran. Shortages anticipated. De Beers scales up Tracr blockchain as crisis accelerates traceability efforts. Savvy dealers seeking ethically sourced goods. RapNet bans diamonds sourced from Russia after Feb. 24, including polished manufactured outside Russia from Russian rough; introduces rough source field for polished. Sotheby’s sells $36M (77% by lot). Christie’s sells $70M (92% by lot), with pear-shape, 228.31 ct., G, VS1 diamond going for $22M.
Fancies: Market slowing. Supply shortages supporting prices. 1.20 to 3.99 ct., F-J, VS-SI is hottest category. Oval is leading shape, followed by Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Growing interest in fancy-shape engagement rings. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Chinese demand helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.
United States: Dealers optimistic amid stable retail sales and anticipated supply scarcities. Vendors preparing inventories for Las Vegas shows. Good demand for 1.25 to 2.50 ct., G-I, VS-SI, 3X diamonds. Melee prices firm; some speculative buying as dealers expect shortages to drive up prices.
Belgium: Sentiment improving. Steady US demand for certified goods supporting the market. Dealers maintaining firm discounts as buyers struggle to find top-quality diamonds. Robust demand for fancy shapes and colors. Lack of Russian supply leading to rough shortages. Mixed reports from GemGenève show, with some exhibitors registering strong sales.
Israel: Traders seeking clean, 3X goods since returning from Passover holiday. Some optimism that rough shortages will rebalance bloated inventory, but sales relatively weak. US driving orders. Focus on 1 ct., G-J, VS-SI center stones for engagement rings. Stock-market slump and weakening of Chinese yuan currency fueling concerns about global diamond demand.
India: Market seasonally slow during summer break. Many Surat manufacturing units closed for vacation until mid-to-late May. US orders driving polished trading; Far East quiet. Buyers selective and filling specific orders from customers. Price gap between fluorescent and nonfluorescent diamonds widening. Rough adjusting to impact of Russia crisis, especially in small sizes that yield polished melee.
Hong Kong: Local market improving as government eases Covid-19 restrictions. Stable demand for 0.80 to 1 ct., D-G, VS, 3X diamonds with no fluorescence, reflecting positive engagement-ring sales. Mother’s Day boosts retail activity. Mainland China slow as lockdowns continue in Shanghai and other key cities.
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Financial Data
Metals
Gold $1,826.55 -0.01%
Silver $21.59 +0.85%
Platinum $943.78 +0.58%
Palladium $1,940.53 +0.24%
Currencies
Euro $1.05 +0.40%
Pound $1.25 +1.25%
Yuan($) 6.79 -0.49%
Rupee($) 77.84 -0.32%
Stocks
Signet Jewelers $61.73 -1.39%
Chow Tai Fook HKD 12.78 +1.91%
Chow Sang Sang HKD 11.62 -1.36%
Titan INR 1,869.60 -0.04%
Richemont CHF 106.75 +0.23%
LVMH €575.00 -1.08%
Swatch Group CHF 242.50 -2.61%
Anglo American GBX 2,991.50 +2.77%
Petra Diamonds GBX 118.00 +4.42%
Lucara Diamond CAD 0.60 +1.69%
Gem Diamonds GBX 61.60 +2.67%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rapaport Weekly Market Comment
Jun 9, 2022 10:00 AM By Rapaport News
News: Las Vegas shows open amid hopes they will boost sentiment for 2H. US demand steady. China improving. Concerns about pending shortages continue as supply splits between Russian and non-Russian goods. Cutters finding ways to buy Alrosa rough to serve centers open to Russian-origin polished. De Beers raises prices of small rough amid strong demand, scarcities, and high premiums on secondary market. Signet Jewelers 1Q sales +9% to $1.8B, loss of $84M vs. profit of $138M. Christie’s NY achieves $48.9M (95% by lot); 103.49 ct., D-flawless Light of Africa diamond sells for $20.1M ($194,067/ct.). GIA moving to digital-only reports by 2025 and planning to close Antwerp lab on July 31. Rapaport to host annual Las Vegas breakfast and Social Responsibility Conference on Sunday, June 12. Register at rapaport.com/jck22. Take the Rapaport survey here.
Fancies: Market stable. Supply shortages supporting prices. 1.20 to 3.99 ct., F-J, VS-SI is hottest category. Oval is leading shape, followed by Emerald, Pear, Cushion and Marquise. Retailers offering broader product ranges as consumers seek alternative cuts. Growing interest in fancy-shape engagement rings. Oversizes trading at higher prices than usual. Excellent shapes commanding premiums. Off-make, poorly cut fancies illiquid and difficult to sell.
United States: All eyes on Las Vegas shows. Sentiment mixed due to economic uncertainty, high inflation and stock market volatility. Steady orders for 0.70 to 1.50 ct., G-J, SI-I1 diamonds. Dealers struggling to replace sold inventory at profitable prices. Jewelers seeing solid engagement-ring sales amid 2022 wedding boom.
Belgium: Local trading quiet; many traveled with their best goods to Las Vegas fairs. 1 to 2 ct., G-H, VS-SI selling well. Suppliers holding prices firm ahead of expected shortages in third quarter. Dealers buying for specific orders rather than bulk as jewelers limit inventory purchases. Scarcities making for buoyant rough sales during De Beers sight. Steady premiums on secondary market.
Israel: Activity slow. Many dealers in Las Vegas. Trade focusing on bread-and-butter US goods. Solid demand for 1 ct., G-H, VS-SI, RapSpec A3+ diamonds. Inventory levels stable and higher than a year ago. Rough market strong as cutters bid for non-Russian goods.
India: Business steady. Some improvement in Chinese market, but overall focus is on US. Dealers waiting to see how demand and prices are at Las Vegas shows. Melee segment strong and seeing firm prices. Fancy shapes selling well up to 2 ct. in oval, pear and marquise. Rough trading robust.
Hong Kong: Wholesale and retail activity positive, though market outlook remains conservative. Good demand for 1 ct., D-I, VS2-SI2, 3X items. Pears, emeralds and ovals in 1 ct., D-K, VVS-SI1 categories also moving well. Jewelers focusing on bridal, expecting busy summer wedding season after recent lockdowns. China improving but still cautious amid consumer uncertainty.
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Financial Data
Metals
Gold $1,811.11 +0.37%
Silver $21.08 +1.26%
Platinum $922.68 +0.94%
Palladium $1,758.94 -0.53%
Currencies
Euro $1.05 +0.50%
Pound $1.21 +0.50%
Yuan($) 6.74 -0.36%
Rupee($) 78.02 +0.05%
Stocks
Signet Jewelers $58.39 -5.32%
Chow Tai Fook HKD 13.56 +1.04%
Chow Sang Sang HKD 11.62 -1.36%
Titan INR 1,869.60 -0.04%
Richemont CHF 98.84 -2.33%
LVMH €544.00 -1.09%
Swatch Group CHF 229.00 -0.95%
Anglo American GBX 2,991.50 +2.77%
Petra Diamonds GBX 104.00 -3.70%
Lucara Diamond CAD 0.67 +1.52%
Gem Diamonds GBX 49.80 -0.40%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Pro vkládání příspěvků se musíte přihlásit.
