Associated tags: Retail, Jewelry, COVID-19, Natural Resources, De Beers, Minerals, Mining, Luxury, Conference, The Conference Board, Employment, Lunar New Year, Animal, National Retail Federation, NRF, Gemstone, Weakness, Cyber Monday, Adobe
Locations: UNITED STATES, NORTH AMERICA, NEVADA, HONG KONG, CHINA, BELGIUM, US
Retrieved on:
Tuesday, February 6, 2024
Jewelry,
Natural Resources,
Luxury,
Retail,
Mining,
Minerals,
Diamond,
Federal,
Rappaport (surname),
De Beers,
G7,
Gemstone Most of the increases happened in the first half of the month; prices have been stable since then.
Key Points:
- Most of the increases happened in the first half of the month; prices have been stable since then.
- Lower-quality goods saw a greater correction after last year’s price slump: The price of 1-carat, D-to-L, SI1-to-SI2 diamonds rose 2.1% in January.
- Sightholders welcomed the changes, but the goods remained expensive relative to polished and compared to rough prices at auctions and tenders.
- Rapaport is firmly opposed to Belgium’s G7 power grab and has introduced the “Rapaport US Diamond Protocol” at Rapaport.com/sanctions to guide US regulators and legislators regarding effective implementation of sanctions that do not harm US jewelers, diamond dealers and consumers.
Jewelry,
Natural Resources,
Luxury,
Retail,
Mining,
Minerals,
COVID-19,
Growth,
Conference,
The Conference Board,
De Beers,
Employment,
Lunar New Year,
Animal There were 1.77 million diamonds on RapNet as of January 1 — the same as a year earlier but 46% more than on January 1, 2020.
Key Points:
- There were 1.77 million diamonds on RapNet as of January 1 — the same as a year earlier but 46% more than on January 1, 2020.
- Suppliers reduced prices to offload less-popular goods and raise liquidity.
- Many expect De Beers to reduce its rough prices in January to stimulate demand, especially after prices on the secondary market decreased in the fourth quarter.
- Although China eased its Covid-19 lockdowns last month, another outbreak stifled the recovery ahead of the January 22 Lunar New Year.
Retrieved on:
Tuesday, December 6, 2022
Jewelry,
Natural Resources,
Luxury,
Retail,
Mining,
Minerals,
National Retail Federation,
NRF,
COVID-19,
Gemstone,
De Beers,
Weakness,
Cyber Monday,
Retail,
Adobe Some categories are stabilizing, spurring interest from buyers who believe prices may have bottomed out.
Key Points:
- Some categories are stabilizing, spurring interest from buyers who believe prices may have bottomed out.
- The number of 0.30-carat diamonds on RapNet has decreased by approximately 40% since April 1, supporting price levels.
- As of December 1, the total volume of diamonds on RapNet stood at 1.85 million stones an 8% rise year on year.
- The National Retail Federation (NRF) reported record foot traffic and digital sales over Thanksgiving weekend.
