Rapaport TradeWire August 11, 2022

Diamond Jewelry August 11, 2022
SIGN UP  |  ADVERTISE WITH RAPAPORT  |  CONTACT US
Rapaport Logo
 
August 11, 2022
 
Rapaport Weekly Market Comment - August 11, 2022

News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory remains high. IIJS show reflects upbeat Indian jewelry market and spurs optimism for Diwali. Cutters maintaining lower production and anticipate strong demand for De Beers rough at next week's sight. Speculation that large manufacturers able to purchase Alrosa rough through non-dollar payment channels. Signet Jewelers inks deal to buy Blue Nile for $360M, lowers FY revenue guidance by 5% to $7.6B vs. $7.8B last year. Titan 1Q sales +169% to $1.2B, profit of $99M vs. $2.3M last year. Sarine 1H revenue -13% to $13M, profit -48% to $6.5M, reflecting drop in rough sales and manufacturing.
Read More
 
RAPNET DIAMOND INDEX (RAPI™)
Size Weekly Monthly Y2Y
0.30 ct -1.6% -3.2% -6.5%
0.50 ct -1.3% -3.7% -1.2%
1.00 ct -1.2% -3.9% 8.3%
3.00 ct -0.7% -2.8% 17.6%
Market Reports
<p><strong>United States: </strong>Mid-market weakening due to impact of inflation on budgets…</p>
United States: Mid-market weakening due to impact of inflation on budgets…
<p><strong>Belgium:</strong> Polished dealers uncertain due to decline in orders from US and China…</p>
Belgium: Polished dealers uncertain due to decline in orders from US and China…
<p><strong>Israel:</strong> Traders hoping for improvement ahead of fourth-quarter holidays…</p>
Israel: Traders hoping for improvement ahead of fourth-quarter holidays…
<p><strong>India: </strong>Mumbai IIJS fair signals robust jewelry demand as Diwali festival and wedding season approach…</p>
India: Mumbai IIJS fair signals robust jewelry demand as Diwali festival and wedding season approach…
<p><strong>Hong Kong: </strong>Consumers receiving latest batch of stimulus vouchers, but impact on luxury spending expected to be small…</p>
Hong Kong: Consumers receiving latest batch of stimulus vouchers, but impact on luxury spending expected to be small…
View Full Report
 
Podcast: The GIA Goes Digital

From artificial intelligence to verifying a stone's source, Pritesh Patel — chief operating officer at the Gemological Institute of America (GIA) — shares the lab's latest tech developments with Rapaport's Avi Krawitz.
Listen Now
 
Peridot Hits the Spot
From Jewelry Connoisseur

Affordable and requiring no treatment, this olive-hued stone is gaining appeal in the eyes of buyers who seek natural beauty.
Read More
 
GIA Advertorial: Unfold the Future

The GIA is taking all reports digital by 2025. Retailers throughout the industry have offered positive feedback on this initiative, which will be accompanied by advanced technology that increases the security of a diamond's identity.
Read More
Top Stories of the Week
<p>Cash deal likely to close by end of October.</p>
Signet Buys Blue Nile for $360M
Cash deal likely to close by end of October.

  SEE MORE  
<p>The Texas-based producer of lab-created diamonds explains its new supply deal with HRA Group.<i><br /> </i></p>
Growth Factor: Interview with Plasmability
The Texas-based producer of lab-created diamonds explains its new supply deal with HRA Group.

  SEE MORE  
<p>Category up 19% year on year in July, according to Mastercard SpendingPulse.</p>
US Jewelry Sales Surge Amid Strong Demand
Category up 19% year on year in July, according to Mastercard SpendingPulse.

  SEE MORE  
<p>What does it take to launch a label and keep it going strong? Designers and industry business consultants weigh in.<em><br /> </em></p>
How to Start, Grow and Maintain a Jewelry Brand
What does it take to launch a label and keep it going strong? Designers and industry business consultants weigh in.

  SEE MORE  
<p>State Bank of India thought to be country's first to draw up formal policy for the sector.</p>
India's Largest Bank Launches Lab-Grown Lending
State Bank of India thought to be country's first to draw up formal policy for the sector.

  SEE MORE  
<p>Income more than doubles to $12.5 million in second quarter.</p>
Lucara Profit Surges as Polished Proceeds Pay Off
Income more than doubles to $12.5 million in second quarter.

  SEE MORE  
<p>Market recovery boosts miner's second-quarter profit.</p>
Mountain Province Gains from Higher Prices
Market recovery boosts miner's second-quarter profit.

  SEE MORE  
<p>Amazon Prime Day drove 21% year-on-year sales increase for the month.</p>
US Online Revenues Jump in July
Amazon Prime Day drove 21% year-on-year sales increase for the month.

  SEE MORE  
<p>Russia crisis dampened revenue and profit in first half of 2022.</p>
Sarine Sales Slip in Slower Diamond Market
Russia crisis dampened revenue and profit in first half of 2022.

  SEE MORE  
<p>Revenue more than doubled to $1.19 billion in first fiscal quarter.</p>
Festive Season Propels Strong Sales at Titan
Revenue more than doubled to $1.19 billion in first fiscal quarter.

  SEE MORE  
<p>Revenue for segment down 2.3% in second quarter.</p>
Retail Sales Slip at Berkshire Hathaway
Revenue for segment down 2.3% in second quarter.

  SEE MORE  
CONTACT US
Facebook logo       Twitter logo       LinkedIn logo       RSS logo       Email logo
© 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
Diamond Jewelry

Posted by Diamond Jewelry

We offer a wide range of diamond and gemstone related products. We have a wide range of jewelry information from vendors and manufacturers. present to buyers

Post a Comment

0 Comments