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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
January 18, 2018
RAPAPORT MARKET COMMENT
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Dealers upbeat and maintaining firm prices, with expectations of higher rough prices and 1Q stock replenishment. Rough market robust, with large De Beers sight expected next week. Jewelers discounting less amid increase in consumer spending this holiday season. US equity markets hit new highs as dollar weakens. Tiffany & Co. renews growth as Nov.-Dec. sales +8% to $1.1B, comparable-store sales +5%. Okavango 2017 sales +4% to $567M, average price +4% to $166/ct. Gem Diamonds finds 910 ct. rough at Letšeng mine. Sarine to open first grading lab. De Beers pilots diamond blockchain to improve industry transparency. Pramod Kumar Agarwal elected India GJEPC chairman.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.54% 1.93% 1.51%
0.50 ct 0.53% 1.67% -15.50%
1.00 ct 0.95% 1.66% -2.93%
3.00 ct -0.05% -0.10% 4.54%
RAPI Yearly Graph
Unique Rapaport Trade Wire 600X160
Market Reports
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United States: Wholesale and dealer markets stable, with steady demand for 1 ct., G, VS2-I2 diamonds...
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Belgium: Rough trading busy during Alrosa sales week, with higher premiums on the secondary market...
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Israel: Profit margins improving, as prices firmed after the holiday season...
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India: Solid rough demand ahead of De Beers sight...
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Hong Kong: Shortage of brides due to China’s one-child policy, forcing grooms to show their worth by splurging on bigger and better diamonds...
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Star Rays Trade Wire Banner C Jan 2018
UPS AND DOWNS
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Some of Kate Middleton’s Favorite Jewelry
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Seven Survivors of the Retail Market
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De Beers to Lay Off 130 in Namibia
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Skeptical Review of Tag Heuer Diamond Smart Watch
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WEEKLY NEWS
retail
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Tiffany Restores Growth in Strong Holiday Season
Higher spending in US and Asia drives 8% sales jump.
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Luk Fook Sees Modest Sales Gain
Gem-set jewelry shows strongest improvement.
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Birks Slides During Holidays
Renovation of flagship stores affects performance.
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Pandora Seeks New Americas Chief
Revenue falls short of jeweler’s predicted total.
industry
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De Beers Takes Further Blockchain Step
Miner is piloting technology with small number of participants from the trade.
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Sarine Rolls Out First Grading Lab
The center will open in Israel in February.
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New Campaign Highlights Manufacturers
Trade organization targets millennials to raise interest in the industry.
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Sotheby’s Names Head of Watch Auctions
Sam Hines has held senior roles at Christie’s and Phillips.
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US Diamond Imports Rise in November
Shipments grow 11% to $1.77 billion.
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Jewelry Group: There Is No Glass Ceiling
Women’s Jewellery Network releases social-media campaign to promote its members.
mining
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Historic 910ct. Diamond Unearthed at Letšeng
Stone is believed to be the fifth-largest of its kind.
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Alrosa Sees Sales Decline in 2017
Demand for lower-value rough reduces average prices.
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Okavango Annual Rough Sales Increase
Top lot of the year sells for over $7.5 million.
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Stornoway Hit by Challenging Diamond Market
Miner falls just short of production goal.
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Firestone Optimistic About 2018 Prices
Production at Lesotho mine shifts to higher-grade area.
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Yellow Diamond Weighs In as Lulo’s Largest
Lucapa recovers 43-carat stone at Angola mine.
general
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GJEPC Appoints New Chairman
Pramod Kumar Agarwal set to take charge for the 2018-to-2020 period.
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Israel Bourse to Launch Cryptocurrencies
New technology aims to make diamond trading simpler.
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Carat+ Show to Return in May
The Antwerp Expo in Belgium will host the event’s second edition.
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Jewelry Industry Summit Postponed
Lack of funding prompted decision, organizers say.
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FINANCE
Diamond Industry Stock Report
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Gem Diamonds (+12%) gained this week after finding a 910-carat diamond. Lucapa Diamond (+17%) saw a rise as well, having issued a positive report about its exploration projects and recovered some large stones of its own. Signet (+6%) bounced back from last week’s slide, which was due to poor results, while Tiffany (+3.3%) saw its share price increase following a healthy holiday performance. Luk Fook (-9.6%) trailed Far East stocks after reporting mediocre sales.

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