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Rapaport TradeWire April 19, 2018
Apr 18, 2018 6:36 AM
By Rapaport
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| April 19, 2018 | | RAPAPORT MARKET COMMENT |  | | Sentiment mixed as April trading slows. Manufacturers concerned about tight profit after De Beers raised prices average 1% to 2% at $520M sight. Indian liquidity squeezed as banks reexamine diamond loans. Rough prices supported by limited 2Q availability. De Beers increasing supply to southern Africa beneficiation centers. Rising expectations for US demand ahead of Las Vegas shows. Chinese retail improves with solid Lunar New Year season. Chow Tai Fook 4Q sales +13% in China, +11% in Hong Kong & Macau. Rio Tinto 1Q production +11% to 4.6M cts. Rosy Blue buys stake in Leo Schachter. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.19% | -0.86% | 1.01% | | 0.50 ct | -0.15% | 0.05% | -8.86% | | 1.00 ct | -0.20% | -0.36% | -1.39% | | 3.00 ct | -0.56% | -0.14% | 0.41% |  | | 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: Strong retail promotions ahead of Mother’s Day... |  |  | Belgium: Rough trading steady during De Beers sight, with premiums on boxes down to estimated 4% on average... | | |  | Israel: Suppliers focused on US, with some traveling to New York for Israel Diamond Week at DDC... | | |  | India: Activity expected to rise during next week’s Bharat Diamond Week... | | |  | Hong Kong: Major jewelers expanding store presence and seeing e-commerce growth... | | |  | | | The Death of the Trade Show? |  | | WITH The Rapaport Diamond Podcast | Withthe industry gearing up for the JCK show in Las Vegas, the Rapaport DiamondPodcast examines the changing landscape of trade fairs. We also talk to Stanley Zale of Stuller about how synthetic diamonds are performing, and review the results of Sotheby’s latest auction in Hong Kong. |  | | | WEEKLY NEWS | | industry | | | | Rosy Blue to Buy Stake in Leo Schachter | | Companies have been working together for more than 30 years. |  | | | Lab Finds 3ct. Synthetic with Fake Report | | CVD diamond also had a forged laser inscription, says China’s National Gemstone Testing Center. | | | | | Investors to Inject $500M into New Diamond Fund | | Founder hopes to address trade’s “unprecedented” liquidity shortage. | | | | | Gitanjali Loses Sightholder Status | | De Beers offloads client following fraud allegations. | | | | | GIA Opens Synthetics-Testing Center Inside Stuller | | Hub will screen diamond supplier’s melee. | | | | | retail | | | | Chow Tai Fook Gains as Gold Prices Shine | | Quarterly sales rise at Hong Kong-based jeweler. | | | | | Louis Vuitton Hires Ex-Tiffany Artistic Director | | Francesca Amfitheatrof will be in charge of jewelry and watch design. | | | | | Michael Hill to Close All US Stores | | Company could not find a buyer for unprofitable assets. | | | | | mining | | | | De Beers Raises Prices at $520M Sale | | Manufacturers warn of tight profits after April sight. | | | | | Lucara Unearths 472ct. Rough Stone | | Diamond is the third-largest from the Karowe mine. | | | | | general | | | | 4ct. Ruby Up for Sale at Bonhams Hong Kong | | 8.88-carat emerald ring and 12.92-carat Kashmir sapphire will also go under the hammer. | | | | | DPA Gets New Head of US Trade | | Grant Mobley will take on responsibility for “Real is Rare” platform. | | | | | Jewelry Group MJSA Appoints Council Director | | Joel McFadden will curate education materials. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Retail stocks had a mixed week, with J.C. Penney (-11%) and Birks Group (-17%) both losing value, while Michael Hill (-7%) fell after announcing plans to exit the US market. Signet Jewelers (+6%) showed a more positive trend, and Chow Tai Fook (+6%) kept Hong Kong stocks solid after reporting strong quarterly results. Rough producers Mountain Province (-3%), Firestone Diamonds (-4%) and Petra Diamonds (-4%) all slipped, though other miners had a stronger week. | | | | | 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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