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Rapaport TradeWire January 4, 2018
Jan 4, 2018 11:50 AM
By Rapaport
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| January 4, 2018 | | RAPAPORT MARKET COMMENT |  | | Diamond market optimistic for 2018 after good holiday season. Polished prices supported by shortages of select goods as manufacturing stays below capacity. 1 ct. RAPI -5.3% in 2017, with +0.3% increase in Dec. as difficult year ends on a positive note. Strong rough demand expected when Alrosa and De Beers resume sales later this month. Positive outlook for Chinese New Year (Feb. 16), with high-end consumer confidence boosted by recent stock-market rally. Hong Kong improving with Nov. jewelry, watch and luxury sales +8% to $783M. Titan Company reports double-digit Diwali jewelry-sales growth. EU takes over as Kimberley Process chair. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.41% | 1.16% | 0.14% | | 0.50 ct | 0.25% | 0.64% | -17.53% | | 1.00 ct | 0.47% | 0.37% | -4.62% | | 3.00 ct | -0.31% | -2.46% | 2.97% |  | | 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: Businesses slowly returning from Christmas-New Year holiday, but snowstorm keeping buyers at home... |  |  | Belgium: Diamond trading slow with bourses closed until January 8... | | |  | Israel: Focus now shifting to Far East for Chinese New Year... | | |  | India: Dealers note positive trend from consumers in India, US and China... | | |  | Hong Kong: Buyers working with tighter budgets are shifting to lower color and clarity... | | |  | | | WEEKLY NEWS | | industry | | | | Diamond Prices Steady in December | | Market sentiment improved amid good US holiday sales and consistent Chinese demand. |  | | | Bonhams Appoints New Jewelry Chief | | Jean Ghika will oversee the auction house’s global sales. | | | | | Five Takeaways from the Stock Market in 2017 | | It was a good year for Asian, European and e-commerce stocks. Traditional retail was mixed. | | | | | EU Becomes Kimberley Process Chair | | Italian politician Federica Mogherini takes charge for 2018. | | | | | retail | | | | Hong Kong Recovery Boosts Jewelry Sales | | Revenue up 5% for January to November amid higher tourism and improved consumer sentiment. | | | | | Kering Names Jewelry Chief for the Americas | | Nathalie Diamantis succeeds Alain Huy as regional head for brands including Pomellato and Boucheron. | | | | | Titan Sales Rise over Indian Festivals | | Retailer records ‘double-digit’ percentage growth for jewelry during Diwali and Dussehra. | | | | | Two Execs Leave Alex and Ani | | Jeweler will not replace president Cindy DiPietrantonio and CFO Bob Woodruff, reports say. | | | | | Consumers Are Looking to the Source | | Tracing diamonds from mine to market gives jewelry customers confidence in the product they’re buying. | | | | | mining | | | | Alrosa Expands Long-Term Client List | | Alliance program accounts for 70% of miner’s sales volume. | | | | | Mountain Province Sees Average Price Decline | | Final sale of the year mainly featured smaller goods. | | | | | general | | | | Hong Kong Exports on Track for 2018 Growth | | Strong Christmas sales point to opportunities, says municipality’s trade-development council. | | | | | Miami Jewelry & Watch Show Finds New Home | | The February event will take place at a well-known waterfront location. | | | | | Jeweler’s Snow Deal Fails to Crystallize | | New Hampshire retailer offered refunds if 6 inches fell on December 25. | | | | | A Few of Our Favorite Stories from 2017 | | Here’s another opportunity to revisit some of the highlights of the year on Diamonds.net. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | J.C. Penney (+14%) led US retail stocks following strong holiday sales. Chow Tai Fook (+5.9%) rose amid promising government data about Hong Kong’s luxury retail sector, outperforming the Hang Seng Index (+2.9%). UK-based miners also had a good week, with Anglo American (+3.6%) receiving an upgrade from Credit Suisse. | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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