Diamonds.Net RapNet.com Rapaport Auctions Rapaport Store More Nov 28, 2021 23:06 NY בס"ד Diamond Prices News Reports Magazine Store Trading About Us Contact Us Join Login Lucara Outlook Strong Amid ‘Healthy’ Market --- Alrosa Shifting to Tailored Rough Contracts --- India: Traders Must Join GJEPC to Import Rough --- BlueRock Cleared to Restart Mining --- De Beers Sales Slow Amid Diwali Closures --- Webinar: Changes, Challenges and Opportunities --- Sarine Wins Lawsuit Against Indian Manufacturer --- Birks Sales, Profit Back on Track --- Chow Tai Fook Boosted by China Expansion --- Colored Diamonds Set to Sparkle at Sotheby’s News Latest News Videos Martin Rapaport Trade Calendar TradeWire Email NewsBrief Email News Feed Subscribe TradeWire® Weekly Email Date: November 18, 2021 November 11, 2021 November 4, 2021 October 28, 2021 October 21, 2021 October 14, 2021 October 7, 2021 September 30, 2021 September 23, 2021 September 9, 2021 September 2, 2021 August 26, 2021 August 19, 2021 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Friday, November 13, 2009 - Friday, November 06, 2009 - Friday, October 30, 2009 - Friday, October 23, 2009 - Friday, October 16, 2009 - Friday, October 09, 2009 - Friday, October 02, 2009 - Friday, September 25, 2009 - Friday, September 18, 2009 - Friday, September 11, 2009 - Friday, September 04, 2009 - Friday, August 28, 2009 - Friday, August 21, 2009 - Friday, August 14, 2009 - Friday, August 07, 2009 - Friday, July 31, 2009 - Friday, July 24, 2009 - Friday, July 17, 2009 - Friday, July 10, 2009 - Friday, July 03, 2009 - Friday, June 26, 2009 - Friday, June 19, 2009 - Friday, June 12, 2009 - Friday, June 05, 2009 - Thursday, May 28, 2009 - Friday, May 22, 2009 - Friday, May 15, 2009 - Friday, May 08, 2009 - Friday, May 01, 2009 - Friday, April 24, 2009 - Friday, April 17, 2009 - Friday, April 10, 2009 - Friday, April 03, 2009 - Friday, March 27, 2009 - Friday, March 20, 2009 - Friday, March 13, 2009 - Friday, March 06, 2009 - Friday, February 27, 2009 - Friday, February 20, 2009 - Friday, February 13, 2009 - Friday, February 06, 2009 - Friday, January 30, 2009 - Friday, January 23, 2009 - Friday, January 16, 2009 - Friday, January 09, 2009 - Friday, January 02, 2009 - Friday, December 26, 2008 - Friday, December 19, 2008 - Friday, December 12, 2008 - Friday, December 5, 2008 - Friday, November 14, 2008 - Friday, November 7, 2008 - Friday, October 31, 2008 Market Comments 10/31/2008 - Friday, October 24, 2008 - Friday, October 17, 2008 - Friday, October 3, 2008 - Friday, September 26, 2008 - Friday, August 29, 2008 - Friday, August 22, 2008 - Friday, August 1, 2008 - Friday, July 25, 2008 - Friday, July 18, 2008 - Friday, July 11, 2008 - Friday, May 9, 2008 Market Comments 4/25/2008 Market Comments 6/15/2007 – Friday December 30, 2005 – Friday December 16, 2005 – Friday April 7, 2006 – Friday December 23, 2005 – Friday December 9, 2005 – Friday December 2, 2005 – Friday November 25, 2005 – Friday November 18, 2005 – Friday November 11, 2005 – Friday November 4, 2005 – Friday October 28, 2005 – Friday October 21, 2005 – Friday October 14, 2005 – Friday October 7, 2005 – Friday September 30, 2005 – Friday September 23, 2005 – Friday September 16, 2005 – Friday September 9, 2005 – Friday September 2, 2005 – Friday August 25, 2005 – Friday August 19, 2005 – Friday August 12, 2005 – Friday August 5, 2005 – Friday July 29, 2005 Print Sign Up for Free TradeWire Advertise on Tradewire Contact Us RETAIL INDUSTRY MINING GENERAL NOVEMBER 18, 2021 RAPAPORT MARKET COMMENT Strong jewelry sales growth spurring diamond trading. Rising expectations for Thanksgiving weekend despite earlier start to holiday shopping. Savvy jewelers focused on enhancing consumer experience rather than price. US orders driving market for 1 to 2 ct. polished, but 0.30 to 0.50 ct. softening as inventory rises. High rough costs making manufacturers cautious about reducing polished prices. De Beers raises prices on cheaper rough. Alrosa ups 2022 production plan to 33M-34M cts. Richemont 1H jewelry revenue +69% to $4.4B. Brilliant Earth 3Q sales +33% to $95M, profit -51% to $4M. Sotheby’s Geneva sells $44M (86% by lot). Zimbabwe elected Kimberley Process chair for 2023. RAPNET DIAMOND INDEX (RAPI™) Weekly Monthly Y2Y 0.30 ct 0.86% 0.18% -3.02% 0.50 ct 0.48% -0.38% -1.69% 1.00 ct 0.24% 0.06% 13.48% 3.00 ct 0.35% 1.24% 12.61% The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. MARKET REPORTS United States: Local suppliers seeing increased competition from overseas companies tapping the US market... Belgium: Positive sentiment as US and European jewelers seek holiday merchandise... Israel: Inventory scarce; sellers only taking orders if they have the items in stock... India: Surat manufacturers extending factory hiatus until November 27 due to high cost of rough relative to polished... Hong Kong: Possible reopening of Chinese border raising hopes for market improvement... GEMGENÈVE, AUCTIONS AND FANCY SHAPES WITH THE RAPAPORT DIAMOND PODCAST In episode 51, the editorial team takes listeners on a wild ride through the GemGenève show, the latest Magnificent Jewels auctions, and the fancy-shape market. SHIPPING BOTTLENECK MAY BE A BOON FOR JEWELERS WITH LEAH MEIROVICH Supply issues preventing toys, electronics and other items from reaching stores in time for Christmas could help the industry capture market share. UPS AND DOWNS This Rare Blue Diamond Is a Miracle of Nature The Top Jewelry Trends of 2021 Man Accused in Alleged Diamond Mine Scam What Happens to Luxury if Chinese Shoppers Cut Back? WEEKLY NEWS RETAIL US Retail Sales Jump as Holidays Start Early Total rose 16% year on year in October, NRF says. US Jewelry Sales to Get Thanksgiving Boost Retail revenues will increase 40% compared to 2020, Mastercard SpendingPulse predicts. Cartier Owner Sees Sales Soar Richemont jewelry revenue up 69% in first fiscal half. Brilliant Earth Sales Jump Ahead of Holidays Omni-channel jeweler gives upbeat forecast in its first earnings report as public company. Jewelry in Low Supply Online for Holidays – Adobe Category has one of the retail industry’s highest out-of-stock rates. David Yurman Names Evan Yurman as President Son of cofounders will succeed Carol Pennelli at US luxury jeweler. INDUSTRY Zimbabwe to Take Helm at Kimberley Process Country will become vice chair next year and chair in 2023. Baselworld’s Spring 2022 Show Is Canceled Organizer needs “more time” to work out what the industry wants. Colored Diamonds to Lead Christie’s New York 5.38-carat, fancy-vivid-orangey-pink stone expected to fetch up to $3.2 million at Magnificent Jewels sale. Luxury Goods Market Set for Rebound Category up 29% year on year in 2021, Bain estimates. MINING Alrosa to Lift Production Amid Positive Outlook Miner optimistic for diamond demand in 2022. Petra to Hold First Sale Since Williamson Restart 32.32-carat, pink rough on offer at Antwerp tender. BlueRock Pauses Mining at Kareevlei Company receives notice of possible safety breach at South Africa site. GENERAL GIA Welcomes New Governors Dave Bindra and Marcus ter Haar join board, while Lisa Locklear becomes chair-elect. Christie’s to Sell Blue Diamond at Online Auction Stone could fetch nearly $700,000, company estimates. Sarine Sales Rise as Manufacturing Rebounds Revenue up 64% year on year in third quarter, but uncertainties remain. CONTACT US © Copyright 2021 Martin Rapaport. All Rights Reserved. Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. 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