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Rapaport TradeWire January 25, 2018
Jan 25, 2018 11:46 AM
By Rapaport
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| January 25, 2018 | | RAPAPORT MARKET COMMENT |  | | Dealers gaining confidence, with firm prices and steady demand expected in 1Q. Far East orders slowing as jewelers complete Chinese New Year preparations. Shortages supporting prices. Robust rough market during De Beers sight as cutters increase production. Fewer independent US jewelers -4% to 26,031 in 2017. Michael Hill closing US stores as 1H global sales +5% to $273M. Forevermark holiday sales volume +38%. De Beers 2017 sales +10% to 35.1M cts., production +22% to 33.5M cts., average price -13% to $162/ct. Rio Tinto 2017 production +21% to 21.6M cts. India 2017 polished exports +2% to $23.1B, rough imports +11% to $18.5B. Ronnie VanderLinden reelected US DMIA president.
| | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.66% | 1.97% | 2.03% | | 0.50 ct | 0.54% | 1.83% | -14.84% | | 1.00 ct | 0.24% | 1.80% | -2.45% | | 3.00 ct | -0.03% | 0.24% | 4.66% |  | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | Market Reports | | |  | United States: Jewelers preparing inventory for Valentine’s Day, with focus on engagement and bridal collections... |  |  | Belgium: Suppliers holding prices firm... | | |  | Israel: Stable trading, but dealers waiting for post-Christmas restocking by US jewelers... | | |  | India: Far East orders down, since jewelers have already purchased inventory for the Chinese New Year... | | |  | Hong Kong: Jewelers pushing themed fashion pieces for Year of the Dog holiday season... | | |  | | | Rapaport Research Report |  | | WITH Avi Krawitz | The inaugural issue of the Rapaport Research Report explores credit to the diamond industry, highlighting the sometimes contentious relationship between the trade and the banks. The report also provides extensive data from RapNet, giving a snapshot of search, inventory and transactional information. For your free download of the first issue and subscription information, click below. |  | | | IN THE LOUPE: THE RAPAPORT DIAMOND PODCAST |  | | WITH Rapaport News | Blockchain, omni-channel and the power of storytelling are some of the key topics the Rapaport editorial team discusses in this new episode. It also features insights into synthetics — including advice from DPA CEO Jean-Marc Lieberherr — our favorite news stories of 2017, and a heartfelt message for the Kimberley Process. |  | | | WEEKLY NEWS | | industry | | | | DPA Annual Budget Rises to $70M | | Generic-marketing group will grow US campaign and expand efforts in India and China. |  | | | More Than 1,000 Jewelry Businesses Shut Last Year | | Number of US companies in operation fell 3.8%. | | | | | India’s Diamond Trade Grows in 2017 | | Polished exports up 2% by value, 14% by volume. | | | | | Israel Bourse Strikes Deal with Alibaba | | IDE members form virtual store to sell diamonds on Chinese e-commerce giant’s site. | | | | | Hilde Hardeman Is New KP Chair | | European Commission clarifies diamond leadership roles for 2018. | | | | | retail | | | | Forevermark Sales Spike During Holiday Season | | Tribute campaign encouraging female self-purchases drives growth. | | | | | Michael Hill to Exit US Market | | The jeweler struggled to stimulate profit at its nine stores. | | | | | Signet Shakes Up Internal Structure | | The company will be broken up into two chains of command. | | | | | Damiani Revenue Up Amid Retail Growth | | Italian jeweler increases focus on foreign markets. | | | | | mining | | | | New Mine Drives De Beers Production | | Sales volume rises 10% in 2017. | | | | | Alrosa Reveals New Long-Term Clients | | Miner adds six foreign and domestic customers. | | | | | Letšeng Continues Its Big-Diamond Streak | | Most recent find is the fourth over 100 carats this year. | | | | | Rio Tinto Plans Lower 2018 Production | | Output to decline after Argyle mine drives growth last year. | | | | | Alrosa to Open India Office | | Former Rio Tinto and Swarovski executive will head the team. | | | | | general | | | | Sapphire Ring Seals Royal Engagement | | Princess Eugenie’s pink-orange stone changes color at different angles. | | | | | DMIA Votes In New Officers | | Updated board joins reelected leader Ronnie VanderLinden. | | | | | UK Group Names Permanent CEO | | Terry Boot will head the Company of Master Jewellers. | | | | | 2018 GEM Award Winners Chosen | | Jewelers of America also honors lifetime achievement and jewelry style. | | | | | Good Turnout at Italy’s VicenzaOro | | Rising gold-jewelry consumption signals a positive outlook, say organizers. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Shares in Firestone Diamonds (-7.5%) dropped after the Royal Bank of Canada downgraded the company. Michael Hill (+6.5%) saw its stock price increase, with investors appearing to take kindly to news that the retailer was leaving the US market. Chow Tai Fook (+5.1%) had a good week, while competitor Luk Fook (-5.2%) continued to decline after recent mediocre sales. | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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