|
|
Rapaport TradeWire November 2, 2017
Nov 5, 2017 8:35 AM
By Rapaport
|
|
|
| November 2, 2017 | | RAPAPORT MARKET COMMENT |  | | Polished prices relatively stable with 1 ct. RAPI -0.2% in Oct. Shortages of select fine-cut diamonds helping stabilize the market, with improvement in US memo demand as holiday season approaches. Jewelers optimistic as stock-market rally expected to boost consumer spending. Inventory purchases limited, with most relying on memo. Polished supply projected to rise after Diwali break, as 3Q rough mining production reaches decade high of 26.4M cts. from top 4 miners. Hong Kong’s Tse Sui Luen 1H sales +12% to $222M. Tiffany opens New York pop-up stores in time for holiday season. Rapaport to host New York viewing of Alrosa Dynasty Collection on Nov. 8-17. Alrosa auction on Nov. 29. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.03% | -0.01% | -0.33% | | 0.50 ct | -0.01% | -1.06% | -20.55% | | 1.00 ct | -0.13% | -0.46% | -5.61% | | 3.00 ct | 0.42% | 0.40% | 4.79% |  | | 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: Trading slow, but good networking opportunities surrounding New York JA show... |  |  | Belgium: Polished market slightly quieter than last month, with bourses closed for Nov. 1 public holiday... | | |  | Israel: Steady trading as local dealers capitalize on slow activity in India during Diwali... | | |  | India: Dealers anticipate some last-minute US holiday demand... | | |  | Hong Kong: Good demand for better-quality SIs, but supplies tight... | | |  | | | Rapaport Peace Diamond Video Challenge | | The Rapaport Group is offering a $5,000 first prize for the best YouTube video promoting the Peace Diamond and the brand concept of “Diamonds That Make the World a Better Place.” Visit https://www.peacediamond.com/ for contest information, and see this video: https://www.peacediamond.com/videos/. |  |  | | | Rapaport to Host Viewing of Alrosa Dynasty Collection | | The Rapaport Group is collaborating with Alrosa to host a viewing of the Dynasty Collection at its New York offices from November 8 to 17. The Alrosa auction will take place online on November 29. The collection includes five polished diamonds cut from the same 179-carat rough, all D-color and VVS1-quality, the centerpiece being the 51.38-carat Dynasty. To view the diamonds in New York, email: trading@diamonds.net. |  | | | | | WEEKLY NEWS | | industry | | | | Diamond Trading Slows over Diwali | | Polished inventory levels drop, but remain higher than usual for this time of year. |  | | | Christie’s Expects Up to $42M for Pink Diamond | | 14.93-carat stone is most expensive piece the auction house’s Hong Kong branch has ever offered. | | | | | Alrosa Ups Its Polished Branding Activity | | Marketing efforts under way, including sale of Dynasty collection, says section director Pavel Vinikhin. | | | | | KBC Questions Exelco’s US Bankruptcy Move | | Antwerp firm’s proceedings belong in Belgium, lender argues. | | | | | retail | | | | Tiffany Unveils New York Pop-Up Stores | | Jeweler looks to boost holiday sales after last year’s decline. | | | | | NRF Predicts Holiday Growth | | Consumer concerns about US economy at lowest level on record. | | | | | Sales Jump at Hong Kong Jeweler TSL | | Higher tourism levels boost retailer in first fiscal half. | | | | | Michael Hill Sees Rise, but US Operation Lags | | Retailer assessing its stateside strategy after 15% sales drop. | | | | | mining | | | | Large-Stone Demand Boosts Letšeng Results | | Owner Gem Diamonds achieves highest average price for a tender since September 2015. | | | | | De Beers to Shut Victor Mine in 2019 | | Company will have depleted the Canadian asset’s resources. | | | | | Dominion Goes Private as Takeover Deal Closes | | Patrick Evans starts new job as the miner’s CEO. | | | | | Bunder Mine Draws Growing Interest | | Resource groups consider bid for mothballed Rio Tinto project. | | | | | general | | | | Dvash Gets Second Term as Israel Bourse President | | Incumbent candidate ran uncontested. | | | | | Diamond Rebound Prompts Botswana Upgrade | | Prices and production have boosted the nation’s economic outlook, says Standard and Poor’s. | | | | | Brilliant Earth Ends Dispute with YouTuber | | Jacob Avital had challenged the company’s claims to offer conflict-free diamonds. | | | | | Bonhams Names Hong Kong Jewelry Consultant | | Paul Redmayne-Mourad has 20 years’ experience in high-end retail. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | J.C. Penney (-28%) headed the declines in US retail stocks this past week after issuing a downbeat performance warning. Macy’s (-10%) also slid after a Citi analyst downgraded the department store, citing weakness in its core retail business. Firestone Diamonds (+11%) led otherwise mixed mining stocks. In India, Vaibhav Global, a retailer of jewelry and other products, gained (+18%) after reporting a jump in profit. | | | | | Contact Us |  |       | | © Copyright 2017 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|