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RAPAPORT ® TRADEWIRE ®
September 22, 2022
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Effective next week – September 30, 2022 – the Rapaport TradeWire will be distributed at 7 a.m. Eastern Time.

Wishing you and yours a happy, healthy, prosperous, and peaceful New Year.

 

Rapaport Market Brief - September 22, 2022

Polished demand slower than usual at this time of year. Jewelers optimistic for holiday season but hesitant to buy inventory. Consumers seeking convenient and interactive shopping experience that combines digital and in-store platforms. De Beers rough prices stable at Sep. sight; secondary market seeing fewer buyers and lower premiums. Grib Diamonds cancels Oct. auction after bank blocks customer payments. India Aug. polished exports -7% to $1.9B, rough imports +12% to $1.4B. US July polished imports +9% to $1.9B. Rapaport offices will be closed on Monday and Tuesday (Sep. 26-27) due to Rosh Hashanah. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.06% -0.67% -5.43%
0.50 ct -0.57% -2.33% -3.41%
1.00 ct -1.01% -3.39% 4.17%
3.00 ct -0.36% -2.44% 13.86%
Market Reports
<p><strong>United States: </strong>Jewelers carefully managing inventory, keeping fewer goods in store and taking more on memo…</p>
United States: Jewelers carefully managing inventory, keeping fewer goods in store and taking more on memo…
<p><strong>Belgium:</strong> Stable demand for under 1 ct., G-J, VS-SI diamonds…</p>
Belgium: Stable demand for under 1 ct., G-J, VS-SI diamonds…
<p><strong>Israel:</strong> Suppliers focused on raising liquidity and reducing inventory…</p>
Israel: Suppliers focused on raising liquidity and reducing inventory…
<p><strong>India: </strong>Rough market sluggish, with manufacturers seeking deep discounts on secondary market amid liquidity concerns…</p>
India: Rough market sluggish, with manufacturers seeking deep discounts on secondary market amid liquidity concerns…
<p><strong>Hong Kong: </strong>Government under pressure to abolish hotel quarantine as tourists and buyers stay away…</p>
Hong Kong: Government under pressure to abolish hotel quarantine as tourists and buyers stay away…
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Podcast: Jewelers’ False Narrative on Lab-Grown

Kieron Hodgson, managing director at UK investment firm Panmure Gordon, tackles some mistruths about lab-grown and natural diamonds. He also discusses the role of research analysts in the industry, how regulatory improvements have helped the trade through Covid-19, the current market environment, and why rough prices must rise.

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Webinar: The Shape of the Fancies Market

Experts discussed the important topic of fancy-shape diamonds in the latest Rapaport webinar, sharing their views on what’s driving demand and how technology is changing the sector.

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How to Buff Up Your Jewelry Knowledge
By Adrianne Sanogo

With school starting again this season, here are some helpful sources that can keep you on top of the latest info.

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Top Stories of the Week
<p>Brand will maintain status quo of allowing partners to buy its loose stones.</p>
De Beers Forevermark Nixes Plan to Overhaul Supply
Brand will maintain status quo of allowing partners to buy its loose stones.
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<p>Figure up 0.3% from July, and 9% year on year, according to US Census Bureau.</p>
Strong Job Market Buoys August Retail Sales
Figure up 0.3% from July, and 9% year on year, according to US Census Bureau.
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<p>Some customers had problems sending money following September sale.</p>
Grib Cancels Auction Amid Payment Block
Some customers had problems sending money following September sale.
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<p>Vault for individual stones can only be unlocked by authorized people.</p>
HB Launches Digitally Protected Diamond Capsule
Vault for individual stones can only be unlocked by authorized people.
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<p>Rough from Mozambique is largest high-quality stone of its kind, miner says.</p>
Fura Gems Recovers 101ct. Ruby
Rough from Mozambique is largest high-quality stone of its kind, miner says.
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<p>Sale includes 112 extremely rare timepieces from a single owner.</p>
Christie’s Expects Watch Collection to Fetch over $20M
Sale includes 112 extremely rare timepieces from a single owner.
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<p>Exports for the month up 15% year on year.</p>
US, China Drive Swiss Watch Sales in August
Exports for the month up 15% year on year.
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<p>Stores’ inventory shortfall grew 4% last year, mainly due to higher rates of theft.</p>
Pandemic Leads to Increase in US Retail Losses: NRF
Stores’ inventory shortfall grew 4% last year, mainly due to higher rates of theft.
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<p>Type IIa stone is site’s fourth 100-carat-plus discovery this year, according to Lucapa Diamond Company.</p>
Angola’s Lulo Mine Produces 131ct. Rough
Type IIa stone is site’s fourth 100-carat-plus discovery this year, according to Lucapa Diamond Company.
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<p>Shipments rose 9% in July, building on strong first-half growth.</p>
US Diamond Imports See Positive Momentum
Shipments rose 9% in July, building on strong first-half growth.
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<p>Rough imports increased during the month.</p>
India’s Polished Exports Decline in August
Rough imports increased during the month.
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<p>They will take office in February and serve a three-year term.</p>
AGTA Appoints New Board Members
They will take office in February and serve a three-year term.
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