TradeWire® Weekly Email




Rapaport TradeWire
April 27, 2017
RAPAPORT MARKET COMMENT
image

Diamond trading quiet but sentiment positive due to improving retail expectations ahead of Mother’s Day, China’s May 1 holiday and India’s Akshaya Tritiya festival. U.S. demand cautious as dealers wait for JCK Las Vegas show. Consolidations continue as JBT reports 318 jewelers closed in 1Q, 16% fewer than last year. Sotheby’s NY sells $28.9M (85% by lot) with pair of emerald, 20.29 & 20.02 ct., D, IF diamonds selling for $5.3M ($131,481/ct.). Christie’s NY sells $35.2M with rectangular, 22.03 ct., D, IF Van Cleef & Arpels diamond ring fetching $2.6M. De Beers 1Q sales volume +74% to 14.1M cts., production +8% to 7.4M cts. Industry mourns the passing of Lloyd Jaffe.

Caratbanners Rapaport 600X160
RAPNET DIAMOND INDEX (RAPI)
image
WeeklyMonthlyY2Y
0.30 ct0.02%3.80%0.75%
0.50 ct-0.30%-2.11%-11.31%
1.00 ct-0.20%-0.62%-7.75%
3.00 ct-0.42%0.43%-1.79%
RAPI Yearly Graph
Tradewire Apr2 New 03
Market Reports
image
United States: Polished trading stable and prices steady. Dealers preparing for Las Vegas shows…
image
Belgium: Positive sentiment despite slow trading. Suppliers holding steady prices. Demand weakening for 0.30 to 0.40 ct. goods due to price increases…
image
Israel: Market returned to normal following the Passover break. Very few foreign buyers in the bourse, raising concerns that brokers are stuck with too many goods…
image
India: Polished trading relatively quiet with many dealers taking off during the school vacation period. Good demand for commercial-quality VS-SI goods...
image
Hong Kong: Dealer and wholesale markets disrupted by holiday period leading up to next week’s May 1 Labour Day festival…
image
Rap Net Tradewire Right Diamond 600X160 Get A Demo
UPS AND DOWNS
image
Diamond Sales Strong at Sotheby’s New York
image
Van Cleef & Arpels Ring Tops Christie’s NY Sale
image
De Beers Sales Rise Amid Market Recovery
image
Tiffany Loses Appeal on $450M Swatch Ruling
image
RapLab Banner
WEEKLY NEWS
industry
image
News Thumbnail
FCRF: Supply Shortages Lift Blue Diamond Prices
Blue diamonds outperformed the rest of the fancy-color market in the first quarter, as high demand for the rare stones…
News Thumbnail
US Jewelry Stores Closing at Slower Rate
The shrinking of the US jewelry industry slowed in the first quarter, as the number of shops shutting their doors…
retail
image
News Thumbnail
Jewelry to Drive US Mother’s Day Spending
US consumers are expected to spend more on jewelry than on any other product category this Mother’s Day, according…
News Thumbnail
Chow Tai Fook Targets Tourists with Hawaii Launch
Chow Tai Fook will open a store in Hawaii through a partnership with travel retailer DFS Group, a subsidiary of…
News Thumbnail
India Welcomes Its First Pandora Store
Danish jeweler Pandora officially opened its first store in India last week, aiming to tap “one of the largest…
mining
image
News Thumbnail
Petra Diamonds Sees Steady Rough Demand
Petra Diamonds’ sales slipped 1% in the third fiscal quarter amid a stable rough market, the miner reported. The company’s sales…
News Thumbnail
Gahcho Kué Prices Lower than Expected
Mountain Province’s share of production from the new Gahcho Kué diamond mine in Canada amounted to 424,830 carats in the…
News Thumbnail
Firestone Upbeat on Early Liqhobong Results
Firestone Diamonds continues to yield large special stones at its Liqhobong mine in Lesotho and expects to complete the…
general
image
News Thumbnail
Carat+ Promises Glitzy Reception for Diamond Trade
Close to 130 exhibitors from around the world will gather in Antwerp next month for the Carat+ diamond trade…
News Thumbnail
Lloyd Jaffe, ‘Voice of the Industry,’ Dies at 90
Lloyd Jaffe, a long-serving leader of the US diamond industry, passed away late last week at age 90. …
Adt170030 Rapaport Banner Ad R1
FINANCE
Diamond Industry Stock Report
image

Diamond and jewelry stocks were lifted by overall markets as the Dow Jones Industrial Average gained 2.8% in the past week. European luxury outperformed other sectors, led by Kering (+13.4%), which hit an all-time high after reporting record performance in the first quarter. US jewelers had a positive week, with rising expectations for jewelry sales over Mother’s Day. Alrosa was the strongest of the mining companies (+9.9%) on reports of continued strength in the rough market. 

Rapnet Trade Wire
Annual Price Report 2016 Ad
Magnificent Jewels Auctions Report Fall 2016 Ad 300 X 300
Rapaport Magazine Apr 2017 Cover Tw
Contact Us
image
Facebook   Twitter   LinkedIn   Google+   RSS
© Copyright 2017 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.