RAPAPORT. US polished-diamond imports fell 39% to $11.82 billion last year, reflecting heavy declines in the second quarter, according to data from the US Commerce Department. The slowdown eased in the latter part of the year, with December shipments slipping by just 2% year on year.
US.
ositive outlook for 2021 amid steady jewelry sales in US and China. Polished inventory rising. More goods going to GIA for grading. Rough market buoyant as De Beers and Alrosa raise prices again by 3% to 5%. Manufacturing profit margins may come under pressure as slower summer season approaches..
RAPAPORT. De Beers is embarking on a tracking program for the diamonds it supplies to sightholders, seeking to ensure that customers create value from the rough they buy.The company will ask manufacturers for information on polished outcomes under its new supply contract, which goes into.
Jewelry was one of the best-performing categories at Macy’s during the fourth fiscal quarter, even as overall sales faltered at the department-store chain.Group revenue dropped 19% year on year to $6.78 billion in the three months ending January 30, while comparable-store sales at owned and.
RAPAPORT. Alrosa raised prices at its contract sale last week as the rough market continued to recover following the coronavirus-related slowdown.The increases for the February trading session were around 3% to 4% on average, with sharper rises in some categories, insiders told Rapaport.