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Rapaport TradeWire
November 16, 2017
RAPAPORT MARKET COMMENT
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Sentiment improves, with wholesale jewelers busy filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales signal strong mobile buying for upcoming holiday season. Polished trading stable. Rough market cautious, with low profitability after $455M De Beers sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva auctions disappoint. Christie’s sells $106M (75% by lot), with emerald, 163ct., D, FL Art of de Grisogono going for $33.7M ($206,266/ct.). Sotheby’s sells $79M (87% by lot), with 33.63ct., fancy light pink, VVS1 diamond fetching $12.8M ($381,154/ct.). Raj Pink fails to sell. Peace Diamond arrives in New York ahead of Dec. 4 auction.

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RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.14% 0.39% -0.43%
0.50 ct -0.13% -0.15% -20.36%
1.00 ct -0.21% -0.20% -6.11%
3.00 ct 0.10% 1.51% 4.70%
RAPI Yearly Graph
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Market Reports
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United States: Steady market, but dealers concerned about low profit margins...
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Belgium: Rough market stable, but low premiums on secondary market...
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Israel: Stable US demand, with dealers filling holiday orders...
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India: Factories ramping up polished production after Diwali break...
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Hong Kong: Positive sentiment after Alibaba’s record online Singles’ Day sales...
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Rap Net Newsbrief Banner 600X160
RAPAPORT PRESS RELEASE
Peace Diamond Departs Antwerp for New York
The New York viewing will take place from November 20 through December 4, when the 709-carat rough stone goes under the hammer.
UPS AND DOWNS
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2018 Is All About Customer Experience
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Farm Staff Helps Find Lost Ring in Haystack
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UK Retail Sales in First Annual Fall Since 2013
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Libyans Swap Jewelry for Medical Treatment as Crisis Bites
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WEEKLY NEWS
industry
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Flawless Diamond Breaks Record at Christie’s
4,600 visitors attend high-profile Geneva auction.
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Pink Diamond Disappoints at Sotheby’s Auction
Strong blue fluorescence limited stone’s appeal among Chinese buyers, says expert.
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GIA Finds Synthetic Diamond with Forged Inscription
Discrepancies between the stone and the original report raised suspicions.
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Rough Trade Cautious at $455M De Beers Sale
Premiums low even as Indian demand picks up.
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Alrosa Sees October Rise in Rough Demand
Miner finds three large diamonds at Jubilee pipe.
retail
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Engagement Ring Prices On the Rise, Says The Knot
Grooms are spending longer searching for the right ring.
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Mobile Drives Singles’ Day Sales Beyond $25B
E-commerce group sees 39% increase from 11/11 last year.
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Asia Recovery Boosts Cartier, Van Cleef
Sales grow 15% at Richemont jewelry brands.
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J.C. Penney Expects Strong Holiday for Jewelry
Comparable sales for the division increased in third fiscal quarter.
mining
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After Peace, Sierra Leone Set to Sell Prosperity
At 476 carats, the diamond is fifth-largest in nation’s history.
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Angola Mine Yields Eighth Diamond Above 100cts
129.58-carat rough is type IIa and D-color.
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Gahcho Kué Mine Proves Profitable in First Year
Mountain Province reports positive third-quarter results.
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Ruby Demand Robust at Gemfields Sale
Proceeds of $55 million are miner’s highest for any of its auctions.
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Authorities Release Causes of Fatal Alrosa Flood
Commission identifies 16 company officials responsible for the accident.
general
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Opinion: Multifaceted Millennials
Marketing to this generation means targeting the tribes that make it up, says Sally Morrison.
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Sotheby’s to Sell Record 111ct. Diamond
Largest round diamond in auction history will join fancy vivid blue diamond at New York event.
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GIA Board Gets Three New Members
Cybersecurity official, Hong Kong diamantaire and retail executive fill slots.
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Polished Stocks Too Heavy for Sarine
High polished inventories meant manufacturers bought less equipment in third quarter.
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Baselworld Slashes Exhibitor Numbers in Half
Some 600 to 700 companies will have a display at the March show.
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FINANCE
Diamond Industry Stock Report
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J.C. Penney (+21%) led US retail stocks after reporting an increase in comparable-store sales. Birks Group (+12%), Kohl’s (+13%) and Macy’s (+10%) also gained in a generally strong week for the sector. European retail stocks fell, as management at Richemont (-3.3%) gave a cautious forecast for annual sales growth. Mining shares mainly fell, with Gem Diamonds (-5.2%) seeing the biggest decline.

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