|
Rapaport TradeWire January 16, 2020
Jan 16, 2020 10:33 AM
By Rapaport
|
|
January 16, 2020 | RAPAPORT MARKET COMMENT | | Polished trading stable with selective demand. Dealers focused on filling US orders as jewelers begin post-holiday inventory replacement. Mixed results from the season, with record e-commerce sales driving growth. Signet Jewelers Nov.-Dec. revenue -1% to $1.8B. Rising expectations for Jan. 25 Chinese New Year as US and China sign trade deal. Chow Tai Fook 3Q China sales +17%, Hong Kong -38%. China wholesale slowing ahead of vacation period. Concerns about oversupply amid expectations for large Alrosa and De Beers sights. India 4Q rough imports +5% to $3.8B, polished exports -16% to $4.4B. Lucara collaborates with HB Company and Louis Vuitton to polish 1,758 ct. Sewelô diamond. | | RAPNET DIAMOND INDEX (RAPI™) | | | Weekly | Monthly | Y2Y | 0.30 ct | 0.36% | 2.10% | -5.83% | 0.50 ct | 0.44% | 1.80% | -3.38% | 1.00 ct | -0.43% | -0.04% | -5.00% | 3.00 ct | 0.01% | 1.14% | -15.14% | | 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: Steady interest in engagement rings as Valentine’s Day promotions begin... | | | Belgium: Fancy shapes slower than expected for this time of year, with interest in ovals... | | | Israel: Rising concern that influx of new polished will recreate oversupply and put pressure on prices... | | | India: Demand from local dealers for dossiers under 1 ct. ... | | | Hong Kong: Focus shifting to retail ahead of the Chinese New Year festival... | | | | Episode 21: Googling Billy Porter | | WITH The Rapaport Diamond Podcast | The Rapaport editorial team ushers in the new year with a review of the holiday season and some bold predictions for 2020. | | | WEEKLY NEWS | retail | | Signet Raises Forecast Following Strong Holiday | Same-store sales up 1.6% for the season. | | | Chow Tai Fook to Shut Stores in Hong Kong | Sales in the municipality slump in the third fiscal quarter, but rise in mainland China. | | | Tiffany Opens Its ‘Flagship Next Door’ | Four-story location will serve customers until Fifth Avenue store’s renovation is complete in 2021. | | | Forevermark Unveils First Interactive Shop in China | Boutique is located in jewelry retailer Caibai in Beijing. | | | mining | | Louis Vuitton Buys 1,758ct. Diamond from Lucara | French fashion house partners with Antwerp-based manufacturer HB to polish the rough. | | | Alrosa Revenue Rises Amid Market Rebound | 11% increase in December was highest for any month last year. | | | industry | | Rapaport Publishes Diamond Price Statistics Review | Report charts 40 years of polished data. | | | GIA Advertises Origin Reports in Times Square | Digital billboard campaign will run through February 15. | | | UK Secures Deal to Keep Rough Trade Alive | Country will become independent KP member following Brexit transition period. | | | WD Sues Diamond Growers over CVD Patents | Six competitors allegedly used its method for minimizing impurities in synthetic stones. | | | general | | Graff Hires US Chief to Help Expand Business | Marc Hruschka has over 25 years of experience with jewelry companies, including Chopard and Richemont. | | | Fourth Bonhams Jewelry Expert Joins Phillips | Paul Redmayne previously worked for Harry Winston, Piaget, Cartier and Moussaieff. | | | JA Honors Ed Bridge at GEM Awards | Former head of Ben Bridge Jeweler picks up Lifetime Achievement accolade. | | | US Trade Slowdown Continues | November polished imports decline 19%. | | | Belgium Shipments Hit 10-Year Low | Full-year trading slides 19% to $37.1 billion. | | | India’s Polished Exports Slump in 2019 | Drop of 16% is country’s steepest in seven years. | | | | FINANCE | Diamond Industry Stock Report | | J.C. Penney (-36%) and Macy’s (-3.8%) fell after reporting weak holiday sales, while Signet (+12%) gained following better-than-expected results for the season. Chow Tai Fook (+6%) rose after a strong third quarter at its China stores. Miners had a good week, with Gem Diamonds (+9%), Lucara (+6%), Firestone (+6%) and Alrosa (+3.1%) all climbing. | | | Contact Us | | | © Copyright 2020 Martin Rapaport. All Rights Reserved. | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|