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Diamond Shares Sparkle in Bullish 2016
Jan 1, 2017 6:01 AM
By Joshua Freedman
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RAPAPORT... Jewelry and diamond mining stocks gained in 2016, riding
the wave of resurgent financial markets in the last two months of the year.
The strong performance mirrored the Dow Jones Industrial
Average, which leapt 13 percent for the year, climbing to record highs just
short of the 20,000 landmark after Donald Trump won the presidential election
in early November.
U.S. jewelry-related stocks rose as consumer confidence
improved toward the end of the year, with Birks Group, Sotheby’s and J.C.
Penney showing the biggest gains among the retailers covered by Rapaport
News. Blue Nile shares were lifted after
the online jeweler was the subject of a surprise private-equity takeover in
November. Signet Jewelers bucked the trend, as its shares plummeted after
allegations of diamond swapping surfaced in May.
While U.S. retail shares were largely in line with the
Dow, Far East jewelry stocks outperformed the local market with double-digit
increases for the year. Hong Kong-based Chow Tai Fook spiked in November following
promising results that showed profit fell at a slower pace than before. Shares
in Chow Sang Sang and Luk Fook also rose even as the Hang Seng Index slipped
0.9 percent for the year.
In contrast, European retail was mixed amid political
upheaval, the negative impact of terror threats and weaker demand for Swiss
watches. Shares in Damiani, Richemont and Swatch Group declined, while those in
LVMH Moët Hennessy Louis Vuitton and Kering gained.
Shareholders in India, however, saw little positivity as
the government’s demonetization policy damaged liquidity, sending most gem and
jewelry stocks tumbling.
The mining sector was arguably the biggest winner in
2016, as sales rose significantly amid a recovery in rough demand. ALROSA was the
standout performer among the pure-play diamond mining stocks. Lucara Diamond
Corp. benefited from a strong appetite for its exceptionally large rough
diamonds, while Petra Diamonds raised its production volume. Mountain Province,
Stornoway Diamond and Firestone Diamonds each attracted investors by commencing
production at new mines.
Diversified mining companies also had a strong year, profiting
from the overall rebound in commodities. De Beers parent Anglo American and Rio
Tinto jumped significantly, outpacing the FTSE 100’s 13 percent upswing.
Here are the full results of industry stocks tracked by Rapaport
News:
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Dec. 29, 2016 (12:24 GMT) |
Dec. 29, 2015 (11:00 GMT) |
Change |
Change |
| Stock Indexes |
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| BSE |
26,366.15 |
26,079.48 |
286.67 |
1.1% |
| Dow Jones |
19,833.68 |
17,528.27 |
2,305.41 |
13.2% |
| FTSE |
7,101.91 |
6,282.01 |
819.90 |
13.1% |
| Hang Seng |
21,790.91 |
21,999.62 |
-208.71 |
-0.9% |
| S&P 500 |
2,249.92 |
2,056.50 |
193.42 |
9.4% |
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| USA |
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| Birks Group |
$1.09 |
$0.44 |
$0.65 |
147.4% |
| Blue Nile |
$40.64 |
$37.04 |
$3.60 |
9.7% |
| Charles & Colvard |
$1.06 |
$1.12 |
-$0.06 |
-5.4% |
| JCPenney |
$8.47 |
$6.91 |
$1.56 |
22.6% |
| Kohl's |
$49.81 |
$47.24 |
$2.57 |
5.4% |
| Macy's |
$36.28 |
$35.50 |
$0.78 |
2.2% |
| Movado Group |
$28.70 |
$26.47 |
$2.23 |
8.4% |
| Nordstrom |
$48.41 |
$50.35 |
-$1.94 |
-3.9% |
| Signet |
$93.70 |
$120.89 |
-$27.19 |
-22.5% |
| Sotheby's |
$40.30 |
$25.95 |
$14.35 |
55.3% |
| Tiffany |
$77.38 |
$76.60 |
$0.78 |
1.0% |
| Walmart |
$69.31 |
$60.75 |
$8.56 |
14.1% |
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| Far East |
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| Chow Sang Sang (HKD) |
14.46 |
12.70 |
1.76 |
13.9% |
| Chow Tai Fook (HKD) |
5.90 |
5.01 |
0.89 |
17.8% |
| Luk Fook (HKD) |
19.92 |
16.10 |
3.82 |
23.7% |
| Sarine (SGD) |
1.73 |
1.50 |
0.24 |
15.7% |
| ValueMax Group |
0.24 |
0.28 |
-0.04 |
-14.3% |
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| Europe |
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| Damiani |
€0.97 |
€1.19 |
-€0.22 |
-18.7% |
| LVMH |
€180.20 |
€146.60 |
€33.60 |
22.9% |
| Kering |
€213.80 |
€158.55 |
€55.25 |
34.8% |
| Richemont |
CHF 67.65 |
CHF 72.35 |
-CHF 4.70 |
-6.5% |
| Swatch Group |
CHF 316.30 |
CHF 345.80 |
-CHF 29.50 |
-8.5% |
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| INDIA (rupee) |
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| C.Mahendra |
1.79 |
1.26 |
0.53 |
42.1% |
| Gitanjali Gems |
55.35 |
41.45 |
13.90 |
33.5% |
| Goenka Diamond |
0.80 |
1.75 |
-0.95 |
-54.3% |
| Goldiam Intl. |
63.25 |
52.10 |
11.15 |
21.4% |
| Lypsa Gems |
54.10 |
128.00 |
-73.90 |
-57.7% |
| Rajesh Exports |
457.45 |
677.20 |
-219.75 |
-32.4% |
| Ren. Jewellery |
125.05 |
133.30 |
-8.25 |
-6.2% |
| Titan |
321.15 |
350.95 |
-29.80 |
-8.5% |
| Vaibhav |
277.00 |
507.50 |
-230.50 |
-45.4% |
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| Mining Stocks |
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| ALROSA |
RUB 96.21 |
RUB 54.76 |
RUB 41.45 |
75.7% |
| Dominion Diamond |
CAD 12.77 |
CAD 14.03 |
-CAD 1.26 |
-9.0% |
| Kennady Diamonds |
CAD 3.90 |
CAD 3.00 |
CAD 0.90 |
30.0% |
| Lucara Diamond |
CAD 3.01 |
CAD 2.27 |
CAD 0.74 |
32.6% |
| Mountain Province |
CAD 6.68 |
CAD 4.03 |
CAD 2.65 |
65.8% |
| Peregrine Diamonds |
CAD 0.20 |
CAD 0.15 |
CAD 0.05 |
34.5% |
| Rockwell Diamonds |
CAD 0.06 |
CAD 0.14 |
-CAD 0.08 |
-55.6% |
| Shore Gold |
CAD 0.17 |
CAD 0.18 |
-CAD 0.01 |
-5.6% |
| Stornoway Diamond |
CAD 0.97 |
CAD 0.73 |
CAD 0.24 |
32.9% |
| UK (pence) |
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| Anglo American |
1,165.00 |
306.55 |
858.5 |
280.0% |
| Firestone Diamonds |
51.00 |
18.25 |
32.8 |
179.5% |
| Gem Diamonds |
111.50 |
117.16 |
-5.7 |
-4.8% |
| Gemfields |
52.00 |
40.79 |
11.2 |
27.5% |
| Petra Diamonds |
158.00 |
88.00 |
70.0 |
79.5% |
| Rio Tinto plc |
3,162.00 |
1,974.00 |
1,188.0 |
60.2% |
Image: Sam Valadi
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Tags:
Alrosa, and Firestone Diamonds, Anglo American, birks group, Blue Nile, Chow Sang Sang, Chow Tai Fook, damiani, De Beers, Donald Trump, Financial markets, Hong Kong, India, J.C. Penney, jewelers, Jewelry, Joshua Freedman, kering, lucara, Lucara Diamond Corp., Luk Fook, LVMH, LVMH Moët Hennessy Louis Vuitton, mining, mountain province, retail, Richemont, Rio Tinto, Signet Jewelers, Sotheby’s, stocks, swatch group, u.s.
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