|
|
Rapaport TradeWire January 31, 2019
Jan 31, 2019 11:44 AM
By Rapaport
|
|
|
| January 31, 2019 | | RAPAPORT MARKET COMMENT |  | | Polished trading sluggish with Far East dealers on holiday for Chinese New Year. Reduced expectations for Chinese Year of the Pig after 4Q slowdown. US buyers cautious as Conference Board consumer confidence index falls 5% to 18-month low, due to volatile stock market and government shutdown. High-end luxury doing well. LVMH 4Q jewelry and watch revenue +8% to $1.3B. Rough premiums decline, with continued weakness in low-value goods at $505M De Beers sight. Petra Diamonds 1H sales +8% to $207M, production +10% to 2M cts., average price -6% to $119/ct. Rapaport Group announces trip to Sierra Leone (April 1-4) to highlight artisanal mining industry.
| | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.15% | -0.91% | -4.16% | | 0.50 ct | -0.03% | -0.56% | -0.27% | | 1.00 ct | -0.03% | -0.62% | -1.91% | | 3.00 ct | 0.26% | -1.70% | -5.53% |  | | 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: Jewelers concentrating on Valentine’s Day promotions, with focus on engagement rings and anniversary gifts... |  |  | Belgium: Rough trading cautious following last week’s De Beers sight... | | |  | Israel: Busy activity in the bourse during International Diamond Week... | | |  | India: Dealers and cutters cautious as US restocking is slower than expected... | | |  | Hong Kong: Gemstones and fancy-color diamonds selling well for the season, particularly rubies and emeralds... | | |  | | | Rapaport Announces Mission to Sierra Leone |  | The Rapaport Group is organizing a trip to Sierra Leone in April for members of the diamond and jewelry trade wishing to gain insight into the artisanal-mining sector. |  | | | Podcast: The New York View |  | | WITH Joshua Freedman | Rapaport News caught up with Reuven Kaufman, president of the Diamond Dealers Club of New York, to gauge the mood in the US trade at the start of 2019. |  | | | WEEKLY NEWS | | industry | | | | Martin Rapaport Addresses Israel Bourse | | Rapaport urges traders to develop a niche for themselves. |  | | | New Alrosa Client List Excludes Leviev Firm | | Miner expands 2019 registry to 59 companies. | | | | | De Beers Sales Slump Amid Market Weakness | | January proceeds down 25% to $505 million. | | | | | Mouawad Cuts Record Yellow Diamond | | Jeweler will set 54.21-carat stone in a necklace. | | | | | retail | | | | LVMH Sees Strong Jewelry Sales in 2018 | | Revenue from the division rose 8% for the year. | | | | | China Slowdown Hits Swiss Watch Exports | | Shipments to the country fell 10% in December. | | | | | mining | | | | Alrosa Finds Its Largest Diamond in 2.5 Years | | Miner recovers 191.46-carat stone at the Udachnaya pipe. | | | | | Price Drop at Cullinan Dents Petra | | Slide at flagship mine overshadows growth in group sales. | | | | | Lucara Unearths 240ct. Rough at Karowe | | Company will sell stone at tender in March. | | | | | general | | | | Matthew Tratner Takes On Role at GIA | | He was previously in charge of membership at Jewelers of America. | | | | | Stornoway Appoints Head of Operations | | Patrick Sévigny played key role in launch of Renard mine. | | | | | Jewelers of America Hires Membership Chief | | Regina Ciarleglio previously worked at luxury auction marketplace Worthy. | | | | | GIA to Give Out $2M in Scholarships | | Organization will allocate grants to aspiring gem and jewelry professionals. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Shares in LVMH (+7%) rose after the retailer reported positive full-year results, with Kering (+3.7%) also gaining. Miners had a mixed week: Petra Diamonds (-22%) fell following disappointing figures, as did Stornoway Diamonds (-7%) after Canadian investment bank TD Securities lowered its price target for the stock. Lucapa Diamond (-5%) also fell. However, Lucara Diamond (+5%) climbed after it identified additional resources at Karowe, and discovered a 240-carat stone, while shares in Mountain Province (+4%) also increased. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|