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Rapaport TradeWire May 11, 2017
May 14, 2017 6:44 AM
By Rapaport
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| May 11, 2017 | | RAPAPORT MARKET COMMENT |  | | Dealers preparing for Las Vegas shows concerned that US orders have slowed as retailers reduce their inventory requirements. Chinese demand continues to improve. Rough trade strong with rising premiums on secondary market as De Beers limits supply at May sight. Stornoway 1Q sales of $36M ($77/ct.). Mountain Province 1Q sales $38M as Gahcho Kué average price ($72/ct.) disappoints. Hong Kong 1Q polished imports +11% to $4.7B, exports +6% to $3.4B. Israel 1Q polished exports +15% to $1.7B, rough imports +4% to $785M. Belgium April polished exports -13% to $779M, rough imports -43% to $694M. Antwerp’s Carat+ show demonstrates appetite for high-end, diamond-focused trade event. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.02% | 0.40% | 1.45% | | 0.50 ct | -0.43% | -1.54% | -11.57% | | 1.00 ct | 0.00% | 0.06% | -7.62% | | 3.00 ct | -0.08% | -0.48% | -0.96% |  | | 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: Positive mood among large-stone dealers. Good demand for 5 ct., G-H, VS1-SI2 diamonds. VVS weak, but improvement seen in D, flawless among big stones... |  |  | Belgium: Sentiment improved during upbeat Antwerp Carat+ show. More independent European jewelers looking to source via programs... | | |  | Israel: Polished trading stable, with rising expectations for Las Vegas shows. US cautious as demand for I1 goods has softened... | | |  | India: Market relatively slow, with pockets of good demand for select categories such as 0.50 to 0.90 ct., SIs. Some dealers on vacation during May school holiday period... | | |  | Hong Kong: Wholesale market stable, with many dealers still on vacation. Positive sentiment due to improvement in Chinese retail, but consumers shifting to lower price points... | | |  | | | Insights |  | | WITH Avi Krawitz | | Pleading Signet’s CSR Case | | Allegations of diamond-swapping, sexual harassment and gender discrimination have overshadowed the important contribution Signet Jewelers has made in advancing responsible sourcing for the jewelry supply chain — and this should serve as a warning to the industry. |  | | | WEEKLY NEWS | | industry | | | | Antwerp Traders Face Random Compliance Probes | | Inspectors visiting diamond companies, sometimes without notice, to check for money laundering. |  | | | Carat+ Ends with Attendees Asking for More | | Show organizers hope for increase in buyer traffic next year. | | | | | Hong Kong Sees Polished Trade Advance | | Polished imports up 11%, driven by a higher intake from India. | | | | | retail | | | | Tiffany Appeals to Trump on Climate Agreement | | The threat to our planet is too great, says jeweler in Facebook post. | | | | | Signet Settles EEOC Discrimination Case | | Jeweler must hire employment expert to review policies. | | | | | Chow Tai Fook Picks Online Sales Partner | | Chinese e-commerce giant JD.com to help the jewelry retailer lure digital customers. | | | | | US Wobble Takes Shine off Pandora Sales | | Global revenue rises 9%, but US stores dented by low mall traffic. | | | | | mining | | | | Alrosa Sales Slide Amid Shifts in Demand | | Rough revenue drops an estimated 45% in April. | | | | | Gahcho Kué Disappoints with Low Prices | | Mountain Province sells rough for $72 per carat. | | | | | Diamond Breakage Dents Renard Prices | | Opening sales achieve $83 per carat, but optimism remains. | | | | | general | | | | US Jewelers Welcome ‘Tax-Fairness’ Bills | | Legislation would put online retailers on equal footing with brick-and-mortar counterparts, say supporters. | | | | | India Boosts Global Gold Jewelry Demand | | Price increase restricts improvement despite Indian recovery, says World Gold Council. | | | | | Samer Halimeh Opens Luxury Store in London | | Diamond brand has supplied to Oprah Winfrey, Elton John and Naomi Campbell. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | US retail and luxury stocks were mixed this past week, with the Dow Jones Industrial Average almost unchanged. Sotheby’s (+4.1%) led the sector as it reported a narrower loss than expected. Chow Tai Fook (-4.3%) recorded the steepest decline of the major Far East industry stocks, while Indian jewelers’ share prices mainly declined. Mining and diamond-exploration companies generally had a strong week, led by Shore Gold (+19.5%), with Petra Diamonds (+6.6%) and Anglo American (+5.4%) also gaining value. | | | | | Contact Us |  |       | | © Copyright 2017 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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