{"id":7217,"date":"2021-01-05T14:55:09","date_gmt":"2021-01-05T09:25:09","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=7217"},"modified":"2021-04-02T14:57:18","modified_gmt":"2021-04-02T09:27:18","slug":"rapaport-diamond-prices-firm-after-supply-declines","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/rapaport-diamond-prices-firm-after-supply-declines\/","title":{"rendered":"Rapaport: Diamond Prices Firm After Supply Declines"},"content":{"rendered":"\n<p>Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package.<\/p>\n\n\n\n<p>Polished prices firmed as supply declined due to limitations on diamond manufacturing during India\u2019s lockdowns. The RapNet Diamond Index (RAPI\u2122) for 1-carat diamonds rose 2.3% in December and 5.8% for the full 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>December<\/strong><\/td><td><strong>4Q 2020<\/strong><\/td><td><strong>FY 2020<\/strong><\/td><\/tr><tr><td>RAPI 0.30 ct.<\/td><td>0.4%<\/td><td>-4.7%<\/td><td>0.2%<\/td><\/tr><tr><td>RAPI 0.50 ct.<\/td><td>0.8%<\/td><td>-2.3%<\/td><td>12.1%<\/td><\/tr><tr><td><strong>RAPI 1 ct.<\/strong><\/td><td><strong>2.3%<\/strong><\/td><td><strong>3.8%<\/strong><\/td><td><strong>5.8%<\/strong><\/td><\/tr><tr><td>RAPI 3 ct.<\/td><td>2.5%<\/td><td>7.0%<\/td><td>3.7%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u00a9 Copyright 2021, Rapaport USA Inc.<\/p>\n\n\n\n<p>The industry began 2021 with a healthier supply-demand balance than it had at any stage in the past five years.<\/p>\n\n\n\n<p>The volume of 1-carat diamonds on RapNet in the D-H, IF-VS range \u2014 the categories the RAPI measures \u2014 declined 24% in the second half of 2020. The top 10% of diamonds in that category were selling at an average of 32% below the Rapaport Price List on 1st January, 2021, compared to 37% below on 1st July, 2020. The lower discount suggests that demand is stronger relative to the available supply.<\/p>\n\n\n\n<p>Manufacturers are raising polished production in anticipation of steady first-quarter orders as jewellers and dealers seek to replace inventory they\u2019ve sold during the holiday period.<\/p>\n\n\n\n<p>Jewellers with solid e-commerce programmes had a good season. Many off-mall independents also did well, as consumers felt safer visiting stand-alone stores than crowded malls and were driven to support local community businesses following the Covid-19 lockdowns. Independents without an effective online presence struggled.<\/p>\n\n\n\n<p>US jewellery sales for 11th October to 24th December fell 4.3% year on year, according to Mastercard SpendingPulse. Online jewellery sales grew 45%.<\/p>\n\n\n\n<p>There is some optimism for the year ahead even as Covid-19 continues to disrupt business activity, Rapaport said. To ensure growth, the trade must intensify its efforts to engage with consumers via storytelling and improved omni-channel platforms while keeping supply in sync with prevailing levels of demand, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package. Polished prices firmed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-7217","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: Diamond Prices Firm After Supply Declines - 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-diamond-prices-firm-after-supply-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rapaport: Diamond Prices Firm After Supply Declines - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Diamond trading was seasonally slow in December as the industry\u2019s focus shifted to retail and as diamantaires took their end-of-year break, Rapaport noted in a press release. Sentiment received a boost from strong holiday e-commerce sales, the distribution of Covid-19 vaccines, and the US approval of a $900 billion coronavirus stimulus package. 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