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Rapaport TradeWire October 11, 2018
Oct 14, 2018 2:04 AM
By Rapaport
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| October 11, 2018 | | RAPAPORT MARKET COMMENT |  | | Polished trading back to normal after Jewish and Chinese festivals, but activity below previous Oct. levels. Expectations rising for US holiday season, with focus on improving omni-channel offerings. Retailers taking more goods on memo. Jewelers of America launching generic marketing campaign to boost consumer demand. LVMH 3Q jewelry and watch sales +10% to $1.2B. Rough market cautious during De Beers sight due to weak rupee and tight manufacturing profits. Alrosa Sept. sales +8% to $332M, driven by large stones, while cheaper goods softened. Belgium Sept. polished exports -2% to $1.2B, rough imports -17% to $806M. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.25% | -2.08% | 5.97% | | 0.50 ct | -0.03% | -0.71% | 4.39% | | 1.00 ct | 0.07% | -0.35% | 1.29% | | 3.00 ct | -0.19% | 0.64% | -1.18% |  | | 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: Fancy shapes moving, with shortage of Ovals and improving demand for Radiants... |  |  | Belgium: Dealer activity cautious, with steady orders from jewelers ahead of the holiday season... | | |  | Israel: Focus on US orders, but not much excitement for upcoming Israel Diamond Week in New York (Oct. 15 to 17)... | | |  | India: Smaller manufacturers closing factories early for Diwali as currency decline, bank caution and sluggish demand lead to tight liquidity... | | |  | Hong Kong: Robust Chinese tourist arrivals in Hong Kong and Macau during National Day holiday, despite concerns about trade war and yuan devaluation... | | |  | | | Rapaport World Tour – Asia & Sierra Leone |  | | WITH Martin Rapaport | In celebration of the 40th anniversary of the Rapaport Price List, the Rapaport Group is presenting a world tour featuring a series of lectures by Martin Rapaport. After attending the GIA Symposium in Carlsbad, California, Martin will be visiting the following destinations: Tokyo – Oct. 11-16 Seoul – Oct. 16-18 Taipei – Oct. 18 Hong Kong – Oct. 19-23 Mumbai – Oct. 23-25 Singapore – Oct. 26-29 Bangkok – Oct. 30-31 Freetown, Sierra Leone – Nov. 6-13 While Martin’s schedule is very tight, he may have time to meet a limited number of friends. Email: martin@rapaport.com | | | China Positive Amid Short-Term Uncertainty |  | | WITH Avi Krawitz | Growth in China is set to slow in the coming half-year — which includes important shopping periods — due to the yuan currency devaluation and uncertainty surrounding the US-China trade war. However, the outlook remains positive for the country, given its advances in technology and the changing retail environment. |  | | | WEEKLY NEWS | | industry | | | | CIBJO Won’t Bow to FTC Diamond Definition | | World Jewellery Confederation will likely keep using word “natural” until 2020. |  | | | Record Average Price Lifts Belgium Exports | | Polished shipments up 5% in third quarter. | | | | | Large Stones Boost Alrosa Sales | | Miner’s September proceeds up 9%. | | | | | retail | | | | Happy Ending in Kay Jewelers ‘Stolen Rings’ Case | | Customer had slammed retailer over missing diamonds in viral Facebook post. | | | | | Saks Strikes Back at Cartier with $55M Claim | | Move follows jeweler’s suit against department store over eviction from New York flagship. | | | | | NRF Predicts Jump in Holiday Sales | | Federation forecasts increase of up to 4.8%. | | | | | JA to Launch Consumer Marketing Initiative | | Industry-wide collaboration aims to increase interest in jewelry. | | | | | LVMH Jewelry and Watch Revenue Up | | Growth at Bulgari drives 10% improvement for division in third quarter. | | | |
| | Chow Tai Fook Partners with Vera Wang | | New collection will target the “modern Chinese bride.” | | | | | Greater China Luxury Rises in August | | Sales of jewelry, watches and clocks in Hong Kong jump 22%. | | | | | Titan Continues Gains Despite Challenges | | Product-launches and sales campaigns boost results in second fiscal quarter. | | | | | general | | | | Alrosa Recovers 29ct. Yellow Diamond | | Nature “prepared” stone for cutting by giving it pear-like shape, miner says. | | | | | RJC Signs Deal with Artisanal Gold Miners | | Alliance aims to yield 5 tonnes of the metal from ethical sources in next two years. | | | | | GIA Names New Mineral Crowningshieldite | | Scientists identify material while examining inclusions in Letšeng diamonds. | | | | | Trans Atlantic Reaps $31M at Dubai Tender | | Rough diamonds fetch average of $741 per carat. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Concerns about Far East luxury demand had a ravaging impact on global retail stocks this past week. LVMH (-11%) slumped after warning of weak growth in the region, with European peers Kering (-16%), Richemont (-10%) and Swatch Group (-11%) also down. The sell-off reached the US, where Tiffany (-11%) and Signet (-5%) lost ground. Shares also fell at mining companies Alrosa (-4.9%), Anglo American (-8%), Firestone Diamonds (-13%), Lucapa Diamond (-4.3%), Rio Tinto (-8%) and Stornoway Diamond (-14%).
| | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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