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Rapaport TradeWire October 10, 2019

Oct 15, 2019 2:00 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
October 10, 2019

Diamond market quiet over Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week, with buyers looking for polished before Diwali break (Oct. 27). Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production. China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shifting high-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry & watch sales +8% to $1.24B. Sotheby’s HK sells $38M, with 10.64 ct., purplish-pink, IF diamond selling for $19.9M ($1.9M/ct.); auction also reflects sluggish big-stone market as 80.88 ct., D, FL diamond fails to sell. Rapaport offices will be closed on Oct. 14-15 for the Jewish holidays.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct -0.08% 0.39% -19.63%
0.50 ct -0.14% -0.52% -10.07%
1.00 ct 0.10% 0.17% -5.70%
3.00 ct 0.00% -0.37% -19.60%
RAPI Yearly Graph
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WFDB Prepares Master Plan to Boost Relevance
WITH Avi Krawitz

Facing challenging market conditions and new organizations that have diluted its mandate, the World Federation of Diamond Bourses is asking if its arbitration role is enough to galvanize the trade. 

Zimbabwe Expects to Double Diamond Output in 2020
Woman Finds Vintage $250,000 Rolex in Thrift-Store Couch
Ex-Mir Boss Found Dead in Custody a Day After Arrest
350 Jobs at Risk as Links of London Enters Administration
Trade Wire 06 Oct Jewelry Auction
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Diamond Trade Cautious Ahead of Holiday Season
1-carat RAPI down 0.3% in September.
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Pink Diamond Nets $20M at Sotheby’s
10.64-carat stone leads Hong Kong Magnificent Jewels and Jadeite sale.
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Antwerp Bans Lab-Grown from Trading Floors
Rule applies to all four of the city’s bourses.
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NRF Predicts Rise in Holiday Sales
Job growth and higher wages have lifted Americans’ spending power, federation says.
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LVMH Jewelry and Watch Revenue Jumps
Sales at Bulgari and Hublot help drive 8% increase.
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Rio Tinto Unveils $1.1M Argyle Jewels
Necklace-and-ring set features 673 pink, white, yellow, blue and champagne diamonds.
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Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds to hold tender in Johannesburg next month.
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Alrosa Finds Diamond Inside a Diamond
Miner makes discovery at the Nyurba division in Yakutia.
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Lesotho Renews Letšeng Lease
Rate that Gem Diamonds must pay government increases to 10% of sales.
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DPA Launches ‘Diamond Journey’ Campaign
Ads depict story from volcanic eruption through to jewelry.
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Phillips to Offer Rare Van Cleef Zip Necklace
Design was the brainchild of Wallis Simpson, Duchess of Windsor, according to legend.
Ra 19310 112 Tradewire Banner October Single Stone
Diamond Industry Stock Report

Retail stocks had a positive week, with J.C. Penney (+11%) leading the gains among US companies, while Signet (+3.5%) also rose. European shares increased after sales data from LVMH (+5%) indicated the luxury group had weathered challenges in the Hong Kong market. Kering (+4.2%), Richemont (+2.4%) and Swatch Group (+1.2%) all benefited. Jewelers in India and the Far East continued to drop, with Titan (-4.6%) heading the declines following disappointing quarterly results. Petra Diamonds (+16%) was the standout mining performer amid optimism for its upcoming tender of a 20-carat blue diamond.

Rapnet Trade Wire
Ra 19310 113 Tradewire Square October Single Stone
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