|
|
Rapaport TradeWire September 14, 2017
Sep 14, 2017 11:05 AM
By Rapaport
|
|
|
| September 14, 2017 | | RAPAPORT MARKET COMMENT |  | | Market sentiment improves as Hong Kong fair opens to steady traffic. Large volume of goods at the show, with selective demand for top-grade RapSpec A2+ diamonds. Chinese buyers looking for goods, but testing price levels. Asia recovery drives Richemont 5-month jewelry sales +16%. Alrosa sells $258M in Aug. as rough market slows. Petra halts Williamson mine after reported rough-valuation dispute with Tanzanian gov’t. De Beers report urges diamond marketers to reflect women’s economic empowerment. The Rapaport Price List will not be published next week (Sep. 22) due to Rosh Hashanah. Best wishes to all for a happy, healthy, peaceful and prosperous Jewish New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.25% | -1.15% | 0.31% | | 0.50 ct | -0.41% | -1.71% | -19.86% | | 1.00 ct | 0.04% | -0.10% | -7.08% | | 3.00 ct | 0.34% | 2.89% | 5.20% |  | | 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: Local activity improving since summer as retailers prepare holiday inventory... |  |  | Belgium: Demand specific, with very little inventory-buying. Steady demand for 1 ct., G-I, VS-SI diamonds... | | |  | Israel: Expectations rising that Far East demand for large stones will improve, with shortages supporting 3 ct.-plus market... | | |  | India: Suppliers reducing prices on old stock that’s been difficult to move... | | |  | Hong Kong: Steady demand for G-J, VS-SI goods. High-end, D-F, VVS+ weak... | | |  | | | WEEKLY NEWS | | industry | | | | De Beers Shifts Holiday Marketing to Target Women | | Campaigns must reflect equality in today’s relationships, says branding chief. |  | | | Positive Data Raises Hopes for Hong Kong Show | | Municipality’s polished imports rise 10% in first half. | | | | | New York, Shanghai Bourses to Work More Closely | | Exchanges to hold trading weeks under new cooperation agreement. | | | | | Belgium’s Polished Trade Improves | | Higher exports to US, Israel and Switzerland outweigh Hong Kong drop. | | | | | Israel to Host High-Value Letšeng Rough | | First viewing of Gem Diamonds goods outside Antwerp to take place in October. | | | | | retail | | | | Asia Recovery Boosts Richemont Sales | | Cartier and Van Cleef & Arpels record strong growth in April to August. | | | | | Signet Closes James Allen Takeover Deal | | Owner R2Net will boost Signet’s revenue by $80M-$90M this year. | | | | | mining | | | | Petra Halts Williamson Mine After Diamond Seizure | | Authorities take parcel of 71,654 carats destined for Antwerp. | | | | | Alrosa Garners $258M in Slow August | | Russian miner’s revenue slightly up from a year ago. | | | | | Lulo Rough Sale Brings in $2,300/ct. | | Lucapa has shifted mining to higher-value areas. | | | | | Dominion Mulls Ekati Underground Project | | Fox Deep said to contain an additional 11 million carats. | | | | | Alrosa Could Keep More Large Stones in Russia | | Government wants miner to help out the domestic cutting sector. | | | | | general | | | | Antwerp Refutes Global Witness’s Zimbabwe Claims | | NGO alleged dealers had traded illicit diamonds in Belgium. | | | | | Okavango Names New Managing Director | | Marcus ter Haar replaces Toby Frears at helm of Botswanan rough supplier. | | | | | Blue-Pink Ring Stands Out at Biennale Paris | | Piece features 6.54-carat, fancy intense pink, IF diamond. | | | | | Israel Eyes Diamond-Backed Currency | | Coinage based on index reflecting activity in the bourse. | | | | | Debra Messing to Receive Jewelry Style Award | | JA will also present lifetime achievement award to Sally Morrison. | | | | | Exhibitor Count Up at Bangkok Gem Fair | | Higher gold prices drive rise in Thai gem and jewelry exports. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Petra Diamonds (-7.9%) suffered after it paused production at its Williamson mine in Tanzania. Several other mining stocks fell this past week, including Anglo American (-6.3%) and Rio Tinto (-4.2%), largely due to a decline in industrial-metal prices. European stocks had a strong week, led by LVMH (+4.3%), though Richemont (-0.2%) failed to capitalize on positive sales results. Apple took a bite out of Swatch Group’s stock (-2%), as the US tech company launched its latest smartwatch. In the US, Signet (+5.5%) headed retail stocks after completing its acquisition of R2Net, the owner of James Allen. | | | | | Contact Us |  |       | | © Copyright 2017 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|