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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
April 19, 2018
RAPAPORT MARKET COMMENT
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Sentiment mixed as April trading slows. Manufacturers concerned about tight profit after De Beers raised prices average 1% to 2% at $520M sight. Indian liquidity squeezed as banks reexamine diamond loans. Rough prices supported by limited 2Q availability. De Beers increasing supply to southern Africa beneficiation centers. Rising expectations for US demand ahead of Las Vegas shows. Chinese retail improves with solid Lunar New Year season. Chow Tai Fook 4Q sales +13% in China, +11% in Hong Kong & Macau. Rio Tinto 1Q production +11% to 4.6M cts. Rosy Blue buys stake in Leo Schachter.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.19% -0.86% 1.01%
0.50 ct -0.15% 0.05% -8.86%
1.00 ct -0.20% -0.36% -1.39%
3.00 ct -0.56% -0.14% 0.41%
RAPI Yearly Graph
Unique Trade Wire 600X160
Market Reports
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United States: Strong retail promotions ahead of Mother’s Day...
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Belgium: Rough trading steady during De Beers sight, with premiums on boxes down to estimated 4% on average...
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Israel: Suppliers focused on US, with some traveling to New York for Israel Diamond Week at DDC...
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India: Activity expected to rise during next week’s Bharat Diamond Week...
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Hong Kong: Major jewelers expanding store presence and seeing e-commerce growth...
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Trade Wire 600X160 April 2018
The Death of the Trade Show?
WITH The Rapaport Diamond Podcast

Withthe industry gearing up for the JCK show in Las Vegas, the Rapaport DiamondPodcast examines the changing landscape of trade fairs. We also talk to Stanley Zale of Stuller about how synthetic diamonds are performing, and review the results of Sotheby’s latest auction in Hong Kong.

UPS AND DOWNS
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US Consumer Sales Rebound in March
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Dubai Firm Launches Diamond-Backed Crypto Assets
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New Details Emerge in Zimbabwe Mining Probe
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Chinese Retail Growth Slows in First Quarter
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28 Feb 2018 Carat Tw Banner 600X160
WEEKLY NEWS
industry
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News Thumbnail
Rosy Blue to Buy Stake in Leo Schachter
Companies have been working together for more than 30 years.
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Lab Finds 3ct. Synthetic with Fake Report
CVD diamond also had a forged laser inscription, says China’s National Gemstone Testing Center.
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Investors to Inject $500M into New Diamond Fund
Founder hopes to address trade’s “unprecedented” liquidity shortage.
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Gitanjali Loses Sightholder Status
De Beers offloads client following fraud allegations.
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GIA Opens Synthetics-Testing Center Inside Stuller
Hub will screen diamond supplier’s melee.
retail
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Chow Tai Fook Gains as Gold Prices Shine
Quarterly sales rise at Hong Kong-based jeweler.
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Louis Vuitton Hires Ex-Tiffany Artistic Director
Francesca Amfitheatrof will be in charge of jewelry and watch design.
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Michael Hill to Close All US Stores
Company could not find a buyer for unprofitable assets.
mining
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De Beers Raises Prices at $520M Sale
Manufacturers warn of tight profits after April sight.
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Lucara Unearths 472ct. Rough Stone
Diamond is the third-largest from the Karowe mine.
general
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4ct. Ruby Up for Sale at Bonhams Hong Kong
8.88-carat emerald ring and 12.92-carat Kashmir sapphire will also go under the hammer.
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DPA Gets New Head of US Trade
Grant Mobley will take on responsibility for “Real is Rare” platform.
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Jewelry Group MJSA Appoints Council Director
Joel McFadden will curate education materials.
25 Mar 2018 Gia Tw Banner
FINANCE
Diamond Industry Stock Report
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Retail stocks had a mixed week, with J.C. Penney (-11%) and Birks Group (-17%) both losing value, while Michael Hill (-7%) fell after announcing plans to exit the US market. Signet Jewelers (+6%) showed a more positive trend, and Chow Tai Fook (+6%) kept Hong Kong stocks solid after reporting strong quarterly results. Rough producers Mountain Province (-3%), Firestone Diamonds (-4%) and Petra Diamonds (-4%) all slipped, though other miners had a stronger week.

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