Rapaport TradeWire April 20, 2022

Diamond market quiet over Passover and Easter holidays.

Industry Retail Mining General

April 20, 2022 RAPAPORT MARKET COMMENT  News: Diamond market quiet over Passover and Easter holidays. Steady US demand for 1 to 1.50 ct. sizes supporting the trade, but dealer prices continue to soften. US retail solid; jewelers expecting strong summer wedding season. Dealers cautious due to Russia crisis and China Covid-19 lockdown. Rough trading slow. Uncertainty surrounds upcoming Alrosa sale (April 26 to 29). Long gap until next De Beers sight (May 3 to 6). Manufacturers preparing to separate Alrosa goods from others to serve different markets. GIA to launch consumer service to verify country of origin for natural and lab-grown diamonds. Luk Fook FY4Q same-store sales -8%. Petra Diamonds FY3Q revenue +33% to $141M. India March polished exports +2% to $2.2B, rough imports +46% to $2.1B. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED THIS WEEK DUE TO THE PASSOVER HOLIDAY.

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct -0.58% -6.90% 0.76% 0.50 ct -0.70% -5.20% 10.27% 1.00 ct -1.06% -5.03% 27.15% 3.00 ct -0.17% -3.12% 30.10% 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.

THE RAPAPORT DIAMOND PODCAST: EPISODE 62  WITH AVI KRAWITZ AND SPECIAL GUEST ROB BATES The two veteran industry journalists discuss the diamond trade's Russia dilemma, among other topics affecting the market.

Cutting Out the Middleman  WITH LARA EWEN As buyers seek greater personal contact and shop more online, many jewelry brands are bypassing wholesale in favor of selling directly to consumers.

UPS AND DOWNS Positioning Angola as a Competitive Mineral Producer How Luxury Brands Are Supporting Gender Equality New York Jeweler Charged with Money Laundering Gaborone Meeting Unlikely to Blacklist Russian Diamonds

WEEKLY NEWS industry GIA Offers Consumers Diamond Origin Information Source Verify will disclose country where natural and lab-grown stones were produced. retail US Retail Sales Stay Strong in March Figure up 7% year on year. Covid-19 Resurgence Dents Luk Fook Sales Revenue down 8% in fourth quarter. mining Covid-19 Impacts Rio Tinto Production Unplanned employee absences and power outages hindered output in first quarter. Large Stones Bolster Petra Sales Revenue increased 33% in third fiscal quarter. general Trans Atlantic Sees Slowdown in Rough Sales Sizes below 0.50 carats saw sharpest price drops. Jewelers of America Unveils CASE Award Winners Prizes go to retailers and suppliers who show creativity, artistry, style and excellence in design.

Contact Us         © Copyright 2022 by Rapaport USA Inc. All Rights Reserved. Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.

Rapaport USA 133 East Warm Springs Road Suite 100 Las Vegas Nevada 89119 USA You received this email because you are subscribed to Rapaport TradeWire® from Rapaport USA. Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails