Industry News by Nemesis

Rapaport Weekly Market Comment

June 8, 2017

JCK show sees fewer but more serious buyers with reduced budgets that reflect their lower inventory needs. Retail environment undergoing unprecedented change requiring jewelers and diamantaires to demonstrate their added-value service in price-sensitive market. US outlook positive if the diamond trade can meet the demands of a millennial consumer base. De Beers estimates 2016 global diamond jewelry demand +0.3% to $80B with US demand +4.4% to $41B. Forevermark targets female self-purchasers as growth area for 4Q. DPA secures $57M budget for 2017 generic marketing, allocates $50M to the US. Cushion, 26.27 ct., I, VVS2 diamond bought in 1980s for $13 sells at Sotheby’s for $848K.

Fancies: Steady demand for Pears in the Far East, with Ovals overtaking Pears as the strongest shape in the US. Shortages of fine-quality large Pears and Ovals. Cushions stable. Emeralds selling better than Princesses. Some demand for big fancy shapes, but buyers extremely picky. Improving demand for Radiant, 3.01 to 9.99 ct., D-I, SI1-SI2 elongated stones. Large price differentials between excellent- and average-cut fancies. Off-make, poorly cut fancies illiquid and very hard to sell, even at very deep discounts. 

 

Source: Rapaport

Tags:

Please reload

Follow Us...
Recent Posts
Please reload

Archive
Please reload

Search By Tags