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Rapaport TradeWire June 8, 2017
Jun 8, 2017 6:36 PM
By Rapaport
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| June 8, 2017 | | RAPAPORT MARKET COMMENT |  | | JCK show sees fewer but more serious buyers with reduced budgets that reflect their lower inventory needs. Retail environment undergoing unprecedented change requiring jewelers and diamantaires to demonstrate their added-value service in price-sensitive market. US outlook positive if the diamond trade can meet the demands of a millennial consumer base. De Beers estimates 2016 global diamond jewelry demand +0.3% to $80B with US demand +4.4% to $41B. Forevermark targets female self-purchasers as growth area for 4Q. DPA secures $57M budget for 2017 generic marketing, allocates $50M to the US. Cushion, 26.27 ct., I, VVS2 diamond bought in 1980s for $13 sells at Sotheby’s for $848K. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.29% | -0.08% | 2.36% | | 0.50 ct | -0.65% | -1.61% | -12.72% | | 1.00 ct | 0.05% | -0.01% | -7.78% | | 3.00 ct | -0.46% | -0.33% | -0.42% |  | | 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. | | | | JCK Las Vegas 2017 |  | | WITH Avi Krawitz | | Day 1 | | Diamond and jewelry brands are emphasizing storytelling as a way of showing authenticity and enhancing customer experience... |  |  | | | | | Day 2 | | In the aisles on Monday, there was an optimistic mood about the market that we hadn’t seen for some time... |  |  | | | | | Day 3 | | JCK traffic is down 20% to 25% this year, according to some estimates. With lower visitor numbers, the follow-up is key to boosting business... |  | | | | | Rapaport Announcement | | Diamond Prices Stable in May | | Polished diamond trading was sluggish in May, with dealers waiting for this week’s Las Vegas shows to get better deals and assess the pulse of the market... |  | | | | | WEEKLY NEWS | | industry | | | | DPA Hikes Annual Budget to $57M | | $50M to go toward marketing diamonds in the US. |  | | | New DPA Ads Feature Intimate Moments | | Promotional images aim to show diamonds as “unmistakable gift of love.” | | | | | De Beers Unveils Tool to Screen Multiple Set Stones | | Latest machine has lowest referral rate in the industry, says IIDGR. | | | | | Flea-Market Ring Fetches $848K | | Seller had bought diamond for $13 in the 1980s, thinking it was fake. | | | | | retail | | | | Forevermark Ads to Refocus on Women | | De Beers research shows consumers buying more diamonds for themselves. | | | | | Signet COO Quits After Policy Violations | | Bryan Morgan’s exit not related to financial matters, says jeweler. | | | | | James Allen Links Up with CanadaMark | | Online retailer to sell Canadian diamonds tracked from mine to finished product. | | | | | mining | | | | Stellar to Sell Guinea Mining Projects | | Diamond explorer terminates earlier agreement with Citigate Commodities Trading. | | | | | Dominion Buys Out Section of Ekati Mine | | Buffer zone contains 38 of the project’s 150 kimberlite pipes. | | | | | Alrosa, India Agree to Tighten Relationship | | Modi and Putin attend signing of memorandum to let miner sell rough in bourse zone. | | | | | general | | | | India Trade Body Attacks Tax on Rough | | Government sets levy on gold and jewelry at 3% under new system. | | | | | Brazilian Designer Takes Couture Prize | | Fernando Jorge wins award with first diamond-focused collection. | | | | | Sally Morrison to Receive Top GEM Award | | Former DPA marketing head led “A Diamond Is Forever” and “Real Is Rare” campaigns. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Share prices at Signet Jewelers (+17%) and Tiffany (+6%) recovered this week following recent slumps. US retail and industry stock generally had a strong week, as the Dow Jones Industrial Average grew 0.8%. European luxury stocks fell, headed by Swatch Group (-4.5%), amid political uncertainty ahead of Thursday’s elections in the UK. In India, Titan (+12%) rose in value as investors reacted positively to the government’s decision to set a new jewelry tax at a lower rate than feared. |  | | | 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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