|
|
Rapaport TradeWire December 28, 2017
Dec 28, 2017 10:48 AM
By Rapaport
|
|
|
| December 28, 2017 | | RAPAPORT MARKET COMMENT |  | | US holiday season positive, with fashion jewelry driving growth. Nov.-Dec. holiday jewelry sales +5.9% after strong last-minute buying, according to Mastercard SpendingPulse. Female self-purchases gaining momentum. Overall retail sales +4.9%, online shopping +18%, as Amazon boasts record holiday season. US and Belgian dealers on vacation, with positive outlook for next year. Miners wary of inflated inventory. Alrosa to cut 2018 rough production -7% to 36.6M cts. US puts diamond trader Dan Gertler on OFAC sanctions list for corrupt DRC deals. The Rapaport Group wishes everyone a happy, healthy, prosperous and peaceful New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.30% | 0.93% | -0.32% | | 0.50 ct | 0.12% | 0.48% | -17.98% | | 1.00 ct | 0.09% | 0.18% | -5.91% | | 3.00 ct | -0.59% | -1.85% | 2.89% |  | | 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: Retail sentiment positive following good holiday sales... |  |  | Belgium: Dealers upbeat about US and Chinese markets over holiday season, but cautious about Europe... | | |  | Israel: Good demand from US independents this holiday season... | | |  | India: Steady local interest in gold and diamond jewelry during wedding season... | | |  | Hong Kong: Dealers focused on filling Chinese New Year demand... | | |  | | | WEEKLY NEWS | | retail | | | | Jewelry Shines in Upbeat US Holiday Season | | Strong economy and last-minute rush drive overall growth, says Mastercard SpendingPulse. |  | | | industry | | | | The Biggest and Boldest Auction Sales of 2017 | | A roundup of important diamonds that changed hands this year. | | | | | Alrosa to Bring Big Diamonds to Big Apple in 2018 | | Miner will hold 30 auctions around the world next year for rough diamonds over 10.8 carats. | | | | | Court Dismisses Exelco’s Chapter 11 Case | | US bankruptcy proceedings had given company protection from creditors in Belgium. | | | | | India Trade Rebounds After Demonetization | | November rough and polished shipments increase sharply from last year’s slump. | | | | | mining | | | | Alrosa Rough Production to Fall in 2018 | | Russian company will sell inventory to maintain supply following flood at Mir mine. | | | | | Lucapa Looking to Profit from Early Sales | | Company to sell 129- and 78-carat rough stones at start of 2018. | | | | | Alrosa Is Latest to Consider Blockchain | | Initiative could help eliminate conflict diamonds and undisclosed synthetics. | | | | | general | | | | 2017’s Diamond Merry-Go-Round | | A who’s who of the appointments and disappointments in the industry this year. | | | | | US Slaps Sanctions on Billionaire Dan Gertler | | OFAC names the international businessman and diamond heir as a corrupt actor. | | | | | Antwerp Puts BrilliAnt Fair on Ice | | Bigger show for the city is in the works, organizers say. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Retail stocks gained this week on strong holiday sales, led by J.C. Penney (+6.2%). Jewelers Tiffany (+5.2%) and Signet (+4.7%) also rose. London-based miners mostly had a strong week, headed by Petra Diamonds (+5%). Asian Star (+11%) led otherwise mixed Indian stocks, while Hong Kong-based Chow Tai Fook (-1%), Luk Fook (-0.3%) and Chow Sang Sang (-0.1%) underperformed the market’s Hang Seng Index (+1.7%). | | | | | Contact Us |  |       | | © Copyright 2017 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|