Rapaport Weekly Market Comment
September 09, 2021Market sentiment positive. Dealers looking for goods after Las Vegas shows raise expectations for holiday season. Some uncertainty over US labor shortage and inflation that may disrupt upbeat consumer confidence. Manufacturers concerned about supply scarcities ahead of peak trading period. De Beers sees robust demand at $515M Aug. sight. Christie’s to auction pair of Marie Antoinette diamond bracelets at Nov. Geneva sale. Natural Diamond Council launches 4Q marketing campaign with actress Ana de Armas. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON SEPTEMBER 17 DUE TO THE YOM KIPPUR HOLIDAY.
Fancies: Market robust. Prices firming across most sizes and categories amid shortages and growing fancy demand. Retailers offering wider product ranges as consumers seek alternative shapes. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Cushions closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and commanding premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.
The country market comments will return on September 23.
Article originally published on Diamonds.net here