|
|
Rapaport TradeWire August 3, 2017
Aug 4, 2017 6:15 AM
By Rapaport
|
|
|
| August 3, 2017 | | RAPAPORT MARKET COMMENT |  | | Indian jewelers acclimating to demonetization and GST regulations with steady pre-Diwali orders at IIJS show. Rough market cools as manufacturing profit margins tighten. Rough premiums decline to low single-digit percentages during $572M De Beers sight, with some boxes selling at a loss on the secondary market. Alrosa cautions that potential US sanctions may impact international diamond trade. Polished prices soften in slow summer trading with July RAPI for 1 ct. -0.7%, 0.30 ct. -1.6%, 0.50 ct. -3.3%, 3 ct. -0.1%. Rio Tinto 1H diamond revenue -1% to $340M, profit -14% to $19M. Jewelers of America elects John Henne new chairman. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.57% | -1.80% | 2.09% | | 0.50 ct | -0.66% | -3.22% | -17.35% | | 1.00 ct | -0.48% | -0.91% | -7.29% | | 3.00 ct | 0.09% | -0.11% | 3.44% |  | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | Market Reports | | |  | United States: Polished trading slower than usual for this time of year. Inventory levels rising, with dealers hoping for strong improvement in demand during fourth-quarter holiday season... |  |  | Belgium: Very little activity during summer vacation, with bourses officially closed until August 18. Many expat Indians traveled to Mumbai during the break... | | |  | Israel: Trading quiet as dealers take vacation. Bourse services limited from August 6 to 18. Rising interest in online selling... | | |  | India: Positive mood as IIJS show demonstrates stable domestic jewelry market. Good demand for lower-color (J-K) diamonds... | | |  | Hong Kong: Polished trading slow with no upcoming festivals to boost sales. Sentiment improving ahead of September show as major jewelry retailers resume growth... | | |  | | | WEEKLY NEWS | | industry | | | | Diamond Prices Soften During Summer Quiet | | Rapaport Press Release: US wholesale market closed for summer vacation. |  | | | US Sanctions on Russia: Diamond Impact Unclear | | Relationship between Antwerp and Alrosa remains strong, says source. | | | | | New Diamond Panel Tackles Undisclosed Synthetics | | Committee aims to segregate natural and lab-grown diamonds at every stage of supply chain. | | | | | GJEPC Unveils 5-Year Plan to Boost Indian Exports | | Trade body wants to create jewelry parks and modernize small firms’ equipment. | | | | | retail | | | | Forevermark-Only Store Debuts in India | | Strategy is to occupy ‘small, crisp’ spaces. | | | | | Tiffany Unveils First Ads Under New Design Boss | | Elle Fanning and Janelle Monáe among six creative figures featuring in Reed Krakoff’s campaign. | | | | | JA Names New Chairman and Board | | John Henne is president of Pittsburgh-based Henne Jewelers. | | | | | Head of UK’s CMJ Resigns After 10 Years | | Willie Hamilton leaves retail group for new opportunity; finance officer Terry Boot takes interim control. | | | | | mining | | | | Rough Market Cools Despite $572M De Beers Sight | | Miner’s prices stable, but premiums on secondary market drop. | | | | | Rio Tinto Diamond Sales Stable | | Revenue down less than 1% amid steady demand from Indian manufacturers. | | | | | Alrosa to Sell 51ct. Polished Stone Online | | Diamond is one of five named for dynasties that drove Russia’s jewelry industry. | | | | | Lucapa Sells $1.5M of Rough from Lulo Mine | | Recoveries and grades improve following return to higher-value mining block. | | | | | general | | | | Sarine Claims Superior Accuracy for Grading Tools | | Algorithm scores diamonds more consistently than reference group of gemologists. | | | | | Rio Tinto Showcases Cognac-Champagne Necklace | | Piece featuring more than 45 carats of colored Argyle diamonds goes on show in New York. | | | | | GIA Opens Applications for $2M of Scholarships | | Courses take place online and at campuses around the world. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | European luxury stocks performed strongly this past week following positive results from Swatch Group (+4.4%) and LVMH (+1.9%), with the market showing signs of recovery. US retail stocks were mixed, with losses headed by Signet (-3.3%). Alrosa (-0.6%) maintained its value despite concerns over the impact of US sanctions. | | | | | Contact Us |  |       | | © Copyright 2017 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|