TradeWire® Weekly Email


14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
March 22, 2018

Market quiet after positive first quarter. Indian manufacturers facing liquidity squeeze as banks tighten credit after $2B Nirav Modi-Gitanjali fraud. Dealers still optimistic, with good US and China orders. Large independent jewelers doing better than majors as Signet and Tiffany announce turnaround strategies. Tiffany 4Q sales +9% to $1.3B, disappointing profit -61% to $62M. Smaller and shorter Basel show lacks big-stone buzz, with many diamond companies not attending. Swiss watch recovery continues as Feb. exports +13% to $1.8B. Rough market stable. Alrosa 2017 revenue -12% to $4.7B, profit -41% to $1.4B. India Feb. polished exports +1% to $2.4B, rough imports +11% to $1.7B.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.04% 0.44% 5.99%
0.50 ct -0.11% 0.62% -10.51%
1.00 ct 0.04% -0.40% -1.68%
3.00 ct 0.19% 0.15% 1.00%
RAPI Yearly Graph
Unique Trade Wire 600X160
Market Reports
United States: Bridal strong ahead of summer wedding season...
Belgium: Quiet market, with fewer foreign buyers in Antwerp...
Israel: Dealers slipping into vacation mode ahead of seven-day Passover holiday (March 31 to April 6)...
India: Factories increasing production to fill polished shortages...
Hong Kong: Dealers unfazed by lull after positive Chinese New Year season...
28 Feb 2018 Carat Tw Banner 600X160
Fraud, Corruption & the Red Carpet
WITH The Rapaport Diamond Podcast

In the wake of the alleged $2 billion Nirav Modi fraud in India, the Rapaport Diamond Podcast takes a closer look at industry corruption. Donald Palmieri of the Gem Certification Assurance Lab (GCAL) shares his insights on the subject, and Rapaport Editor in Chief Sonia Esther Soltani fills us in on the glittery, glamorous 90th Academy Awards.

How to Look After Your Engagement Ring
Baselworld Watchmakers Keep Swiss Tradition Alive
Diamantaire Arrested for Alleged Forgery
Mumbai Trader Duped Out of $1.5M in Stones
Gia Tw Banner Jan 2018
News Thumbnail
Royal Blue Diamond Surfaces After 300 Years
Sotheby’s will auction the 6-carat Farnese Blue in Geneva this May.
News Thumbnail
GIA Spots Lab-Grown Ruby Layer on Natural Stones
“Overgrowth” techniques are still around, and developing.
News Thumbnail
Hong Kong and US Boost Swiss Watch Trade
February exports to both key markets hit six-year high.
News Thumbnail
India’s Polished Exports Edge Up
Shipments grow 0.5% to $2.43 billion in February.
News Thumbnail
Alrosa Scanner Takes Stab at Synthetics
New machine also detects treated stones and simulants.
News Thumbnail
Tiffany Sales Climb as US, Asia Recover
CEO outlines plans for sustainable growth.
News Thumbnail
Forevermark Targets Key European Markets
De Beers brand prepares to enter Germany, France and Italy.
News Thumbnail
China Sees Increase in Retail Revenue
Gold, silver and jewelry up 3% in January and February.
News Thumbnail
US Jewelry Crimes Rise to 1,394 in 2017
Average cyber theft came to $1.2 million.
News Thumbnail
De Beers Eyes Stake in Canada Diamond Project
Miner signs non-binding agreement with Mountain Province to incorporate Kennady assets into Gahcho Kué.
News Thumbnail
Revenue and Profit Decline for Alrosa
Strong Russian ruble dents miner’s results.
News Thumbnail
High-Value Stones Fuel Mountain Province Prices
Sale of Gahcho Kué rough yields $142 per carat.
News Thumbnail
MID Continues Reign as Leading Israeli Exporter
Two new companies cracked this year’s top 10.
News Thumbnail
DDC Signs Deal with Chinese Bourse
Agreement will help collaboration between New York and Shanghai exchanges.
News Thumbnail
JBT Appoints New Chairman
Michael Kaplan takes over from Todd Wolleman.
News Thumbnail
Phillips to Open First Gallery in Asia
Showroom strengthens the auction house’s focus on Far East market.
News Thumbnail
IGI Launches Synthetics Screening Center
Facility in Mumbai jewelry zone aims to ensure stones are natural.
2018 Mar 21 Rap Net Free Trial 600X160
Diamond Industry Stock Report

Shares in Signet Jewelers (+4.4%) recovered slightly, after disappointing results and news of impending store closures resulted in a stock sell-off last week. Tiffany (-3.9%) slid after reporting a drop in profit and lower-than-expected comparable-store sales. In Europe, Swatch Group (+4.3%) had a strong week amid optimism for the Swiss-watch sector ahead of the Baselworld show. Miners slipped, with Lucara Diamond (-4.9%), Stornoway Diamond (-1.7%), Anglo American (-3.9%), Gem Diamonds (-3.8%) and Rio Tinto (-3.7%) all losing value. Gitanjali Gems (-22%) continued its decline following fraud allegations.

Rapnet Trade Wire
Rap Academy Tw Square
Rap Net Free Trial Tradewire Square
300X300 Mag
Contact Us
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2018 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
© Copyright 1978-2018 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.