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Rapaport TradeWire November 16, 2017
Nov 16, 2017 12:00 PM
By Rapaport
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| November 16, 2017 | | RAPAPORT MARKET COMMENT |  | | Sentiment improves, with wholesale jewelers busy filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales signal strong mobile buying for upcoming holiday season. Polished trading stable. Rough market cautious, with low profitability after $455M De Beers sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva auctions disappoint. Christie’s sells $106M (75% by lot), with emerald, 163ct., D, FL Art of de Grisogono going for $33.7M ($206,266/ct.). Sotheby’s sells $79M (87% by lot), with 33.63ct., fancy light pink, VVS1 diamond fetching $12.8M ($381,154/ct.). Raj Pink fails to sell. Peace Diamond arrives in New York ahead of Dec. 4 auction. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.14% | 0.39% | -0.43% | | 0.50 ct | -0.13% | -0.15% | -20.36% | | 1.00 ct | -0.21% | -0.20% | -6.11% | | 3.00 ct | 0.10% | 1.51% | 4.70% |  | | 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: Steady market, but dealers concerned about low profit margins... |  |  | Belgium: Rough market stable, but low premiums on secondary market... | | |  | Israel: Stable US demand, with dealers filling holiday orders... | | |  | India: Factories ramping up polished production after Diwali break... | | |  | Hong Kong: Positive sentiment after Alibaba’s record online Singles’ Day sales... | | |  | | | WEEKLY NEWS | | industry | | | | Flawless Diamond Breaks Record at Christie’s | | 4,600 visitors attend high-profile Geneva auction. |  | | | Pink Diamond Disappoints at Sotheby’s Auction | | Strong blue fluorescence limited stone’s appeal among Chinese buyers, says expert. | | | | | GIA Finds Synthetic Diamond with Forged Inscription | | Discrepancies between the stone and the original report raised suspicions. | | | | | Rough Trade Cautious at $455M De Beers Sale | | Premiums low even as Indian demand picks up. | | | | | Alrosa Sees October Rise in Rough Demand | | Miner finds three large diamonds at Jubilee pipe. | | | | | retail | | | | Engagement Ring Prices On the Rise, Says The Knot | | Grooms are spending longer searching for the right ring. | | | | | Mobile Drives Singles’ Day Sales Beyond $25B | | E-commerce group sees 39% increase from 11/11 last year. | | | | | Asia Recovery Boosts Cartier, Van Cleef | | Sales grow 15% at Richemont jewelry brands. | | | | | J.C. Penney Expects Strong Holiday for Jewelry | | Comparable sales for the division increased in third fiscal quarter. | | | | | mining | | | | After Peace, Sierra Leone Set to Sell Prosperity | | At 476 carats, the diamond is fifth-largest in nation’s history. | | | | | Angola Mine Yields Eighth Diamond Above 100cts | | 129.58-carat rough is type IIa and D-color. | | | | | Gahcho Kué Mine Proves Profitable in First Year | | Mountain Province reports positive third-quarter results. | | | | | Ruby Demand Robust at Gemfields Sale | | Proceeds of $55 million are miner’s highest for any of its auctions. | | | | | Authorities Release Causes of Fatal Alrosa Flood | | Commission identifies 16 company officials responsible for the accident. | | | | | general | | | | Opinion: Multifaceted Millennials | | Marketing to this generation means targeting the tribes that make it up, says Sally Morrison. | | | | | Sotheby’s to Sell Record 111ct. Diamond | | Largest round diamond in auction history will join fancy vivid blue diamond at New York event. | | | | | GIA Board Gets Three New Members | | Cybersecurity official, Hong Kong diamantaire and retail executive fill slots. | | | | | Polished Stocks Too Heavy for Sarine | | High polished inventories meant manufacturers bought less equipment in third quarter. | | | | | Baselworld Slashes Exhibitor Numbers in Half | | Some 600 to 700 companies will have a display at the March show. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | J.C. Penney (+21%) led US retail stocks after reporting an increase in comparable-store sales. Birks Group (+12%), Kohl’s (+13%) and Macy’s (+10%) also gained in a generally strong week for the sector. European retail stocks fell, as management at Richemont (-3.3%) gave a cautious forecast for annual sales growth. Mining shares mainly fell, with Gem Diamonds (-5.2%) seeing the biggest decline. | | | | | 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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