{"id":6143,"date":"2020-12-02T17:32:00","date_gmt":"2020-12-02T12:02:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=6143"},"modified":"2021-03-24T17:33:59","modified_gmt":"2021-03-24T12:03:59","slug":"rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/","title":{"rendered":"Rapaport: Holiday Demand Uplifts Diamond Trade; Shortages Seen In Popular Categories"},"content":{"rendered":"\n<p>The diamond market sentiment improved in November amid rising expectations for the holiday season, Rapaport said in a press release. A recovery in China and robust sales during India\u2019s Diwali festival also lifted the mood.<\/p>\n\n\n\n<p>Polished prices are stable for 1-carat and larger goods. The RapNet Diamond Index (RAPI\u2122) for 1-carat stones edged up 0.5% in November.<\/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>November<\/strong><\/td><td><strong>Year to date<\/strong><br>Jan. 1 to Dec. 1<\/td><td><strong>Year on year<\/strong><br>Dec. 1, 2019, to Dec. 1 2020<\/td><\/tr><tr><td>RAPI 0.30 ct.<\/td><td>-2.9%<\/td><td>-0.2%<\/td><td>2.2%<\/td><\/tr><tr><td>RAPI 0.50 ct.<\/td><td>-2.6%<\/td><td>11.2%<\/td><td>13.2%<\/td><\/tr><tr><td>RAPI 1 ct.<\/td><td>0.5%<\/td><td>3.4%<\/td><td>3.5%<\/td><\/tr><tr><td>RAPI 3 ct.<\/td><td>2.5%<\/td><td>1.1%<\/td><td>1.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u00a9 Copyright 2020, Rapaport USA Inc.<\/p>\n\n\n\n<p>The holiday season began with strong e-commerce activity as the pandemic pushed consumers to shop online. Digital spending on Black Friday rose 22% year on year to $9 billion, according to Adobe Analytics. The spike in Covid-19 cases in the US and lockdowns in Europe have dampened expectations for in-store traffic during the peak shopping period.<\/p>\n\n\n\n<p>Indian jewellery retailers saw the release of pent-up demand over Diwali. In mainland China, major jewellers are seeing double-digit growth. Hong Kong remains weak as the slump in tourism continues.<\/p>\n\n\n\n<p>Polished trading slowed in late November as dealers in India and Belgium took a vacation during Diwali. Indian factories have returned to operating at an estimated 70% of capacity. The lack of manufacturing during the festival has left shortages of select goods. Rough sales have stabilised; De Beers sold $450 million-worth in November. The company\u2019s year-to-date sales fell 25% to $2.3 billion.<\/p>\n\n\n\n<p>Suppliers are focused on filling last-minute US holiday orders but are having difficulty replacing sold inventory due to scarcities in popular categories. There is continued strength in lower-colour goods and improving demand for ovals, cushions and emerald shapes as consumers seek unique designs at lower price points.<\/p>\n\n\n\n<p>The industry\u2019s focus is on retail, but uncertainty remains due to the spread of Covid-19. Companies with strong e-commerce and social media programmes are doing well; those that rely on in-person selling are struggling. Dealers and manufacturers are staying cautious since inventory requirements will likely drop in the coming year.<\/p>\n\n\n\n<p><em>Caption:\u00a0\u00a9 De Beers\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The diamond market sentiment improved in November amid rising expectations for the holiday season, Rapaport said in a press release. A recovery in China and robust sales during India\u2019s Diwali festival also lifted the mood. Polished prices are stable for 1-carat and larger goods. The RapNet Diamond Index (RAPI\u2122) for 1-carat stones edged up 0.5%&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-6143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rapaport: Holiday Demand Uplifts Diamond Trade; Shortages Seen In Popular Categories - 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-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Holiday Demand Uplifts Diamond Trade; Shortages Seen In Popular Categories - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The diamond market sentiment improved in November amid rising expectations for the holiday season, Rapaport said in a press release. A recovery in China and robust sales during India\u2019s Diwali festival also lifted the mood. Polished prices are stable for 1-carat and larger goods. The RapNet Diamond Index (RAPI\u2122) for 1-carat stones edged up 0.5%&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T12:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-24T12:03:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/343327866_raporate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"325\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/343327866_raporate.jpg\",\"width\":500,\"height\":325},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/\",\"name\":\"Rapaport: Holiday Demand Uplifts Diamond Trade; Shortages Seen In Popular Categories - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/#primaryimage\"},\"datePublished\":\"2020-12-02T12:02:00+00:00\",\"dateModified\":\"2021-03-24T12:03:59+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/rapaport-holiday-demand-uplifts-diamond-trade-shortages-seen-in-popular-categories\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=6143"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6143\/revisions"}],"predecessor-version":[{"id":6145,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6143\/revisions\/6145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/6144"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=6143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=6143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=6143"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=6143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}