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RAPAPORT ® TRADEWIRE ®
August 18, 2022
Rapaport Weekly Market Comment - August 18, 2022

News: Trading seasonally quiet during summer lull. Lack of sales to Far East weakening sentiment, with US demand supporting market. Increasing concern about impact of inflation and higher interest rates on mid-income consumers. Holiday outlook positive. Manufacturers maintaining lower production due to slowdown in orders. Polished trading sluggish. Rough prices stable at De Beers sight; premiums drop to around 2% on secondary market, leaving little room for profit. Gem Diamonds 1H revenue -4% to $100M, average price -7% to $1,745/ct. Brilliant Earth 2Q sales +18% to $109M. Sarine launches automated in-factory grading. Pandora to roll out lab-grown collection in US on Aug. 25.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.4% -2.9% -5.9%
0.50 ct -0.6% -3.3% -1.8%
1.00 ct -0.6% -3.6% 7.6%
3.00 ct -0.5% -2.6% 16.9%
Market Reports
United States: Stones above 2 ct. performing better than smaller sizes, reflecting reduced mid-market sales due to inflation…
United States: Stones above 2 ct. performing better than smaller sizes, reflecting reduced mid-market sales due to inflation…
Belgium: Slow activity during vacation period with bourses still closed for summer…
Belgium: Slow activity during vacation period with bourses still closed for summer…
Israel: Optimism for holidays as US demand remains solid…
Israel: Optimism for holidays as US demand remains solid…
India: Polished production remains low due to uncertain demand and shortages of Russian rough…
India: Polished production remains low due to uncertain demand and shortages of Russian rough…
Hong Kong: Local sentiment picking up as coronavirus situation eases…
Hong Kong: Local sentiment picking up as coronavirus situation eases…
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US Wholesale: Inflation Threatens the Bottom Line
By Joyce Kauf

Soaring costs and reduced discretionary income are raising concerns in the diamond trade.

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A Trip Down Memo Lane
By Jennifer Heebner

While consignment can be a touchy subject for jewelry creators, both they and their retail clients can benefit if there are firm and respectful guidelines in place.

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A Rocky Start-Up: Incubators in the Diamond Industry
By Sarah Jordan

Tech pioneers have their work cut out for them in a traditionally old-school sector.

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Top Stories of the Week
Spending for July up 10% year on year, but flat compared to June.
US Retail Sales Weather Inflation Woes
Spending for July up 10% year on year, but flat compared to June.
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Line of jewelry starting at $300 will become available later this month.
Pandora Picks US for Lab-Grown Launch
Line of jewelry starting at $300 will become available later this month.
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Indian jeweler has passed on higher diamond-sourcing costs to consumers, executive says.
Prices ‘Not Coming Down in a Hurry’ – Titan
Indian jeweler has passed on higher diamond-sourcing costs to consumers, executive says.
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Higher revenues from fine jewelry boost second-quarter figures.
Brilliant Earth Enjoys Sales Bounce
Higher revenues from fine jewelry boost second-quarter figures.
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Figure drops 4% amid decline in average price.
Gem Diamonds Sales Slide in First Half
Figure drops 4% amid decline in average price.
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Automated systems to be available at “expanded number” of manufacturers.
Sarine Rolls Out In-House Grading
Automated systems to be available at “expanded number” of manufacturers.
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Shareholders should reject proposal to add former LVMH executive to board, Johann Rupert says.
Richemont Chairman Locks Horns with Investor
Shareholders should reject proposal to add former LVMH executive to board, Johann Rupert says.
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This durable material has many applications beyond sparkling jewelry.
Not Just a Pretty Facet: Industrial Diamonds
This durable material has many applications beyond sparkling jewelry.
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Lab will generate reports for items on Luxus site and provide proof of authenticity.
Jewelry Investment Platform Partners with IGI for Appraisals
Lab will generate reports for items on Luxus site and provide proof of authenticity.
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Mary Carmen Gasco-Buisson previously worked at Procter & Gamble and venture capital firm M13.
Pandora Taps Unilever Exec as Marketing Chief
Mary Carmen Gasco-Buisson previously worked at Procter & Gamble and venture capital firm M13.
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