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Rapaport TradeWire December 7, 2017
Dec 11, 2017 3:07 AM
By Rapaport
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| December 7, 2017 | | RAPAPORT MARKET COMMENT |  | | Diamond market optimistic, but polished prices continue to soften. 1 ct. RAPI -0.9% in Nov. due to weak demand for D-F, IF-VVS goods. Holiday season driving positive sentiment, with strong growth in purchases via mobile devices. Retailers creating selfie events and experiences to lure customers away from laptops and into stores. Sotheby’s NY garners $53.9M (82% by lot), with sale of emerald-cut, 5.69 ct., fancy vivid blue, VVS diamond for $15.1M ($2.7M/ct.). Christie’s NY fetches $62.6M as Graff ring with two pear-shape, fancy vivid blue diamonds – 3.36 ct., VVS2 and 2.71 ct., VS1 – sells for $12.6M ($2.1M/ct.). Graff buys Sierra Leone Peace Diamond for $6.5M. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.25% | 0.15% | -1.05% | | 0.50 ct | 0.31% | -0.22% | -19.81% | | 1.00 ct | 0.13% | -0.56% | -6.44% | | 3.00 ct | 0.43% | 0.17% | 4.24% |  | | 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: Shortage of fine-quality RapSpec A2+ diamonds... |  |  | Belgium: Slight dip in sentiment, with European market lacking usual Christmas buzz... | | |  | Israel: Polished trading stable as dealers fill orders from New York and Hong Kong... | | |  | India: Inventory slowly declining as manufacturing remains below capacity and as holiday orders get filled... | | |  | Hong Kong: Stable market, with dealers and jewelers reporting better sales than this time last year... | | |  | | | Note from the Publisher |  | | WITH John Costello | | A Royal Gift | Prince Harry’s engagement-ring story will do more than anything to help wed millennials to the wonder and beauty of diamonds. |  | | | WEEKLY NEWS | | industry | | | | Graff Buys Peace Diamond for $6.5M | | Sale “opens a new world for diamond demand,” says Martin Rapaport. |  | | | Optimism Rises as Holiday Season Begins | | Sentiment improves, despite decline in polished prices during November. | | | | | Blue Diamond Sells for $15M at Sotheby’s New York | | The market continues to show strength in colored stones, the auctioneer says. | | | | | Graff Blue Diamond Ring Fetches $13M | | Two-stone piece smashes Christie’s pre-sale estimate. | | | | | De Beers Taps Blockchain for Diamond Tracking | | Platform will trace stones throughout the pipeline by creating tamper-proof record of transactions. | | | | | Alrosa Fails to Sell 51ct. Dynasty | | Other four stones in the collection fetch average of 30% above reserve price. | | | | | mining | | | | De Beers Names New Strategy Chief | | Management reshuffle sees auctions head Neil Ventura take on role. | | | | | Lucara Foresees Improvement at Karowe | | Increased access to higher-value section of mine will lift production and revenue. | | | | | Firestone Raising Cash After Price Drop | | Shares dive as miner reports wider loss. | | | | | general | | | | Signet Facing Probe over Credit Practices | | Consumer Financial Protection Bureau may take legal action. | | | | | Lab Spots Stone with CVD Coating | | Well-concealed synthetic layer bolstered diamond’s weight, says National Gemstone Testing Center. | | | | | Erik Jens Steps Down as ABN Amro Diamond Chief | | Geert van Reisen to take his place as part of restructuring of business unit. | | | | | Women in the Industry: The Diamond Ceiling | | While there has certainly been progress, barriers to success remain. | | | | | Antwerp Body Joins India KYC Program | | Platform enables simpler data-sharing between diamond companies in Belgium and India. | | | | | RJC Extends Reach to Silver Jewelry | | Standards group to include the metal in its Code of Practices. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Firestone Diamonds (-49%) was the weakest-performing diamond-mining stock this past week, after disappointing results at its Liqhobong mine forced it to raise cash. Sarine (-6.9%) and Chow Tai Fook (-4.1%) were among Far East stocks that declined, while Swatch Group (+2.6%) led improved European luxury stocks. US retail share prices were mixed. | | | | | 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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