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Rapaport TradeWire October 17, 2019

Oct 17, 2019 9:00 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
October 17, 2019

Markets quiet amid Jewish holidays with steady demand for RapSpec A3+ goods. Indian manufacturers delay Diwali shutdown to increase post-festival inventory. Trading slow at Bharat Diamond Week. Liquidity low while companies settle supplier bills and pay staff ahead of Diwali. Alrosa Sep. sales -24% to $259M, but small-stone demand recovering. Hong Kong protests hit luxury sector, with Chow Tai Fook 2Q retail sales -35% in Hong Kong and Macau, +4% in mainland China. De Beers launching Lightbox at Bloomingdale’s and Reeds Jewelers. David Kellie to succeed Jean-Marc Lieberherr as CEO of Diamond Producers Association. Rapaport offices will close Oct. 21-22 for Jewish holidays.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct 0.19% 0.75% -19.05%
0.50 ct -0.23% -0.22% -10.10%
1.00 ct -0.24% 0.25% -5.62%
3.00 ct 0.74% 0.22% -18.66%
RAPI Yearly Graph
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Diving into Diversity
WITH Deborah Yonick

The rewards of an inclusive workplace are far-reaching, and the diamond and jewelry world has made progress — but there’s still a long way to go.

Zimbabwe Aiming for Output of 11M Carats by 2023
Sisters Run One of Few Female-Owned Polishing Firms
Global Economic Tensions Dent Israel’s Polished Exports
Jeweler Goes to Prison over US College Scam
Trade Wire 15 Oct Jewelry Auction
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$14M Blue Diamond to Headline Christie’s Geneva
Auction will also feature several Art Deco pieces.
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Lab-Grown Sector Gears Up for Eco Audit
Six companies sign up for sustainability pilot program.
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CIBJO Publishes Ethics Recommendations
Report by Tiffany Stevens comes ahead of annual congress in Bahrain.
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Former Zales Vice Chairman Marvin Zale Dies
He led the family jeweler’s operations in New York.
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US Consumer Spending Dips
Trade war may be denting sentiment, says National Retail Federation.
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Lightbox to Debut at Bloomingdale’s, Reeds
De Beers’ lab-grown brand was previously only available online and at pop-ups.
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Chow Tai Fook Sales Slump
Economic challenges and Hong Kong unrest affect performance across greater China.
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Costco Sells $220,000 Diamond Ring
Retail giant saw two big-ticket jewelry purchases in fiscal 2019.
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Rio Tinto Output Falls Amid Lower Grades
Production drops 7% at Argyle and Diavik mines.
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Alrosa Sales Decline at Slower Rate
Small rough stones show most notable improvement, miner notes.
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Lucapa Tender Yields $10M
Lulo and Mothae mines see surge in output.
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DPA Chief Lieberherr Steps Down
Marketing executive David Kellie will take over as CEO.
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DEF Invests in Education on Three Continents
Grants will enable STEM, business and technical programs in India, Africa and Canada.
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Christie’s Hires West Coast Watch Expert
Michael Fossner, a fifth-generation specialist, trained in his father’s New York business.
Ra 19310 112 Tradewire Banner October Single Stone
Diamond Industry Stock Report

Global retail stocks benefited from optimism stemming from positive trade talks between the US and China. Shares in Macy’s (+6%), Tiffany (+3.3%), J.C. Penney (+3.2%), Richemont (+7%), Kering (+5%) and Chow Tai Fook (+2.8%) all rose. Mining stocks did well, aside from Firestone (-23%), which fell following reports of a power outage at its Lesotho mine that could potentially affect production.

Rapnet Trade Wire
Rn Jewerly Phase 3 Banner 052219 300 X300Px Tw Static
Ra 19310 113 Tradewire Square October Single Stone
11 Jul 2018 Rap Ac Digital 300X300Px Static
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