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Rapaport TradeWire December 21, 2017

Dec 21, 2017 10:59 AM   By Rapaport
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Rapaport TradeWire
December 21, 2017
RAPAPORT MARKET COMMENT
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Positive sentiment as US and Belgium markets close for Christmas. Dealers now focused on Chinese New Year demand. Trade optimistic for 2018, with expectations for global economic growth as US passes most drastic tax overhaul in 30 years. Cutters concerned about tight profit margins ahead of anticipated 1Q rise in rough prices. Graff buys 476 ct. Sierra Leone Meya Prosperity rough diamond for $16.5M. India Nov. polished exports +50% to $1.8B, rough imports +64% to $1.9B. US Oct. polished imports -14% to $1.8B, polished exports -5% to $1.2B. Very strong year for pink diamonds as combined Christie’s and Sotheby’s jewelry sales exceed $1.1B. Rapaport wishes everyone happy holidays.

4 Dec 2017 Gia Tw Banner December Date
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.23% 0.16% -0.54%
0.50 ct -0.03% -0.08% -18.49%
1.00 ct -0.13% -0.51% -5.91%
3.00 ct -0.50% -1.79% 3.29%
RAPI Yearly Graph
600X160 Podcast
Market Reports
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United States: New York polished suppliers satisfied with season...
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Belgium: Trading quiet with businesses closing for Christmas-New Year break...
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Israel: Christmas orders complete and polished inventory levels reduced, with little new production available...
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India: Steady Chinese New Year orders projected to continue through mid-January...
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Hong Kong: Colored diamonds in good demand and offering better margins than colorless...
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Trade Wire December Single Stone
2017 in Review
WITH Joshua Freedman
Synthetics Dominate Top 10 Stories of the Year

Undisclosed lab-grown diamonds got readers clicking in 2017. So did auctions, the GIA, and a carat-eating dog.

UPS AND DOWNS
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Three Retail Stocks That Amazon Won’t Crush
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Pandora Strikes Data Deal with Tech Firm
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Nearly 45,000 UK Retailers in Financial Distress
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Exelco Chapter 11 Case Dismissed
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Rapnet Ban Master 600X160 Static
WEEKLY NEWS
industry
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Alrosa Makes Rare Foray into Generic Marketing
Miner’s hockey-themed power play aims to create an engagement-ring culture in Russia.
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Graff Buys 476ct. Prosperity Diamond for $16.5M
Luxury jeweler has acquired four high-profile rough stones this year.
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AWDC, De Beers Mull Blockchain Partnership
Technology would increase transparency, helping companies access financing, says Antwerp group.
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Auctioneers Tickled Pink by 2017 Jewelry Sales
Record-breaking diamonds drive total proceeds to more than $1 billion.
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World Makes More Time for Swiss Watches
Strong growth in China drives timepiece recovery in November.
retail
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Retail Enjoying Impressive Season
Sales jumped 6% in November, says US Census Bureau.
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Jewelry Buyers Still Desire In-Store Experience
Most consumers want an expert’s knowledge — more so than in other luxury sectors, survey finds.
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Signet’s Brands Lose Popularity Among Women
Pandora “purchase consideration” higher than Jared, Kay and Zales in YouGov survey.
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Macklowe Gallery Move Gives It Room to Grow
A fixture on New York’s Madison Avenue for 46 years, the estate jeweler has changed its address, but not its raison d’être.
mining
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Diamonds Fuel Moody’s Botswana Optimism
Production growth underpins agency’s decision to maintain its credit rating for the country.
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Diamcor Third-Quarter Rough Sales Decline
25-carat stone lifts average price for the period, even as total proceeds fall.
general
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Non-Profit Quits Kimberley Process
Conflict diamonds are entering the supply chain, Impact claims.
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New Geneva Show to Tap Jewelry-Auction Audience
Organizers aim to create community of 100 high-end exhibitors.
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US Polished Trade Slows in October
Imports fall 14%, exports down 5%.
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IDCA Elects New Leaders
Nilesh Sheth becomes president of New York-based organization.
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FINANCE
Diamond Industry Stock Report
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Tiffany & Co. (+4.1%) gained as Citi upgraded the retailer’s stock, citing high expectations for the jeweler. Hong Kong-based Chow Sang Sang (+5.2%) and Chow Tai Fook (+2.6%) had a positive week. An encouraging technical report on the Karowe mine boosted Lucara Diamond (+8.9%), while an increase in metal prices saw rises for Anglo American (+7.8%) and Rio Tinto (+4.9%). Petra Diamonds (+7.6%) also enjoyed a strong week.

6 Sept 2017 Ice Stones Tw Square
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Rapnet Trade Wire
Rapaport Magazine Dec2017 Cover Tw Square
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