{"id":5468,"date":"2020-10-06T17:32:00","date_gmt":"2020-10-06T12:02:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=5468"},"modified":"2021-04-01T13:19:19","modified_gmt":"2021-04-01T07:49:19","slug":"rapaport-polished-prices-strengthen-on-shortages-holiday-season-demand","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-polished-prices-strengthen-on-shortages-holiday-season-demand\/","title":{"rendered":"Rapaport: Polished Prices Strengthen On Shortages, Holiday Season Demand"},"content":{"rendered":"\n<p>Diamond market sentiment improved in September as jewellers started to prepare for the fourth-quarter holiday season, according to a Rapaport press release. Optimism was tempered by a continued rise in global Covid-19 cases and renewed government restrictions in key trading centres, it added.<\/p>\n\n\n\n<p>Polished prices firmed up due to shortages and rising holiday orders. The RapNet Diamond Index (RAPI\u2122) for 1-carat diamonds rose 2.3% during the month and was up 1.9% since the beginning of the year.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>RapNet Diamond Index (RAPI\u2122)<\/strong><\/td><\/tr><tr><td><\/td><td><strong>September<\/strong><\/td><td><strong>YTD<\/strong><br>Jan. 1 to Oct. 1<\/td><td><strong>Y2Y<\/strong><br>Oct. 1, 2019, to Oct. 1, 2020<\/td><\/tr><tr><td>RAPI 0.30 ct.<\/td><td>4.3%<\/td><td>5.2%<\/td><td>16.5%<\/td><\/tr><tr><td>RAPI 0.50 ct.<\/td><td>6.3%<\/td><td>14.7%<\/td><td>19.9%<\/td><\/tr><tr><td>RAPI 1 ct.<\/td><td>2.3%<\/td><td>1.9%<\/td><td>1.8%<\/td><\/tr><tr><td>RAPI 3 ct.<\/td><td>2.3%<\/td><td>-3.1%<\/td><td>-3.7%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u00a9 Copyright 2020, Rapaport USA<br>Inc.<\/p>\n\n\n\n<p>Polished inventory levels are well below those of previous years. Manufacturing has gone down drastically since March due to the coronavirus constraints. Large Surat-based factories are currently operating at an estimated 60% to 70% of capacity.<\/p>\n\n\n\n<p>Rapaport reported that selective buying has left suppliers struggling to fill orders due to the scarcity of stones in specific categories. Demand is steady and prices firm for 1-carat, D-F, IF-VVS goods. Inventory of 0.30- to 0.50-carat diamonds has increased in recent months as the easing of Indian government restrictions has allowed manufacturers to raise production, it noted.<\/p>\n\n\n\n<p>The rough market was robust during September, continuing the momentum from the previous month. Manufacturing profit margins improved after De Beers lowered prices of rough diamonds below 1 carat by 5% to 10% at its sight. It had made similar adjustments for larger goods in August.<\/p>\n\n\n\n<p>Jewellers are mainly focused on sourcing memo goods, but some are beginning to make bulk orders for the season. High-end retailers are seeing solid interest in distinctive pieces among wealthy clients. The bridal category is supporting the broader jewellery market.<\/p>\n\n\n\n<p>Rapaport said there is growing anticipation for the holidays as consumers seek to express emotions with more meaningful gifting during the pandemic. A rise in diamond category marketing has boosted optimism as well: The trade can now capitalise on the Natural Diamond Council\u2019s high-profile \u201cFor Moments Like No Other\u201d advertising campaign.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamond market sentiment improved in September as jewellers started to prepare for the fourth-quarter holiday season, according to a Rapaport press release. Optimism was tempered by a continued rise in global Covid-19 cases and renewed government restrictions in key trading centres, it added. Polished prices firmed up due to shortages and rising holiday orders. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,96,100],"tags":[],"thb-sponsors":[],"class_list":["post-5468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin","category-diamonds","category-in-focus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rapaport: Polished Prices Strengthen On Shortages, Holiday Season Demand - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/rapaport-polished-prices-strengthen-on-shortages-holiday-season-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Polished Prices Strengthen On Shortages, Holiday Season Demand - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Diamond market sentiment improved in September as jewellers started to prepare for the fourth-quarter holiday season, according to a Rapaport press release. Optimism was tempered by a continued rise in global Covid-19 cases and renewed government restrictions in key trading centres, it added. Polished prices firmed up due to shortages and rising holiday orders. 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