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Rapaport TradeWire December 26, 2019
Dec 26, 2019 10:37 AM
By Rapaport
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| December 26, 2019 | | RAPAPORT MARKET COMMENT |  | | Good momentum as Mastercard reports holiday jewelry sales +1.8%, driven by +8.8% growth in e-commerce. General retail +3.4%. Mall traffic down but more people buying. Stores focused on creating unique customer experience. Tiffany & Co. holiday revenue up 1% to 3%, with strength in China and improvement in Europe and America. Polished trading slow as dealers close for Christmas-New Year. Diamantaires preparing for post-season demand, but manufacturers cautious about raising factory production. Lower rough supply, tech-driven efficiency and ethical sourcing to shape diamond industry in next decade. Rapaport wishes everyone a happy, healthy, prosperous and peaceful New Year. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.26% | 0.85% | -8.74% | | 0.50 ct | -0.32% | 0.65% | -6.21% | | 1.00 ct | -0.16% | -0.44% | -5.66% | | 3.00 ct | 0.02% | -0.18% | -16.56% |  | | 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: Retail sentiment positive amid steady holiday shopping... |  |  | Belgium: Very little trading with bourses closed until Jan. 6... | | |  | Israel: Focus now on meeting Far East demand for Jan. 25 Chinese New Year and developing strategy for 2020... | | |  | India: Local jewelers focused on gold products during wedding season... | | |  | Hong Kong: Some seasonal improvement in retail, but sales still significantly below previous years as protests continue... | | |  | | | The Next Diamond Decade |  | | WITH Avi Krawitz | As the 2010s come to a close, we make some predictions about how the diamond market will evolve in the next 10 years, and challenge the industry to reach $100 billion of annual sales. |  | | | How to Sell to Female Self-Purchasers |  | | WITH Leah Meirovich | Women who buy their own jewelry are a rapidly growing market, but retailers need to retool their approach if they want to attract these customers. | | | | | WEEKLY NEWS | | retail | | | | Online Spending Buoys Holiday Jewelry Sales | | E-commerce purchases for sector up 9% for the season. |  | | | Tiffany Holiday Sales Rise as US Recovers | | CEO notes “momentum shift” in Americas region. | | | | | Pandora Appoints New Chairman | | Peter Ruzicka’s nomination is part of jeweler’s brand relaunch. | | | | | industry | | | | HRD Names New CEO Amid Sale Process | | Ellen Joncheere to succeed interim chief Michel Janssens. | | | | | Graff Buys 21ct. Polished Yellow from Alrosa | | Miner recovered 34.17-carat rough in 2017 at its Ebelyakh deposit. | | | | | JA Campaign Successful with Consumers | | Group will expand “Another Piece of Your Story” marketing drive. | | | | | mining | | | | Mountain Province Production to Rise | | Miner expects output of 6.75 million to 6.95 million carats at Gahcho Kué next year. | | | | | Australia Sells Ellendale Mining Rights | | Gibb River plans to restart production at site famous for its high-value yellow diamonds. | | | | | Firestone Forecasts Weak Rough Pricing | | Miner is engaging with lenders to ensure it can sustain operations through the current downturn. | | | | | New Pipe Proves Fruitful for Mountain Province | | Company believes Wilson deposit could extend life of its mine. | | | | | general | | | | India’s Diamond Exports Fall in November | | Polished shipments decline by value and volume. | | | | | Hong Kong Slump Disrupts Swiss Watches | | Unrest in municipality outweighs improvement in US orders. | | | | | Sotheby’s Reflects on 10 Years of Records | | 59.60-carat CTF Pink Star was highest-priced jewel sold, garnering $71.2 million in 2017. | | | | | US Polished Imports Decline | | October shipments suffer steepest drop since 2009. | | | | | Israel Diamond Week Goes International | | Exchange decides to expand entry due to high demand from foreign traders. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global retail stocks rose as the US and China approached a trade agreement. J.C. Penney (+3.8%), Chow Sang Sang (+6%), Luk Fook (+6%), Pandora (+6%) and LVMH (+3.6%) all increased. The mining sector also had a positive week, with Lucara (+9%) climbing following promising sales, and Lucapa (+10%) also gaining. Firestone (-10%) fell after disappointing annual results. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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