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Rapaport TradeWire February 20, 2020

Feb 20, 2020 10:49 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
February 20, 2020

China slowdown affecting global sentiment. Diamond markets quiet as coronavirus reduces value across the supply chain. Chinese and Hong Kong jewelers remain closed and lack of Chinese tourism likely to impact European and US luxury brands. US retailers consider short-term alternatives to Chinese suppliers. Diamantaires concerned about delayed payments from Hong Kong buyers. Reduced demand leading to polished inventory buildup, since manufacturers bought large volume of rough in Dec./Jan. Miners with inflated inventory cautious about 2020 production. Small De Beers sight expected next week. De Beers 2019 revenue -24% to $4.6B, earnings -87% to $45M, average price -20% to $137/ct.

5 Nov 2019 Gemolithos Tw Banner
Weekly Monthly Y2Y
0.30 ct -0.76% 1.05% -3.59%
0.50 ct -0.10% -0.76% -3.85%
1.00 ct -0.82% -1.19% -6.13%
3.00 ct -0.68% -3.10% -16.00%
RAPI Yearly Graph
Alrosa Usa 600 X160 3
Market Reports
United States: Steady US polished demand supporting global trade as China weakens...
Belgium: Buyers pushing for higher discounts, but suppliers to US are holding prices steady...
Israel: Concern that Indian suppliers will lower prices and flood market with polished amid slump in Chinese-Hong Kong orders...
India: IIJS Signature fair signals shift to lighter-weight wedding jewelry due to high gold prices and weak economy...
Hong Kong: Businesses seeking ways to save money amid coronavirus epidemic; many mulling layoffs...
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Trade Wire 600X160 April 2018
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De Beers Adds Grading Specs for Lightbox
Company will disclose general quality information for its white synthetic stones.
News Thumbnail
L.J. West Buys Pink-Purple Alrosa Diamond
New York wholesaler plans to recut 6.21-carat stone.
News Thumbnail
Peter Meeus Bids Again for HRD Antwerp
Lab’s former head believes he is the only contender left.
News Thumbnail
Coronavirus Impact May Reach US Retail
Lower shipments from China could affect supply chains and sentiment, NRF says.
News Thumbnail
Signet Launches First Spanish-Language Ads
Jared and Zales target growing community of Hispanic Americans.
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How to Build a Strong Retail Community
Here are some expert tips for creating a following and maximizing your impact.
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De Beers Optimistic After 2019 Earnings Slump
Industry’s inventory situation has improved, company says.
News Thumbnail
Rio Tinto’s Canada Deal Hits Trouble
Star Diamond accuses mining giant of not complying with terms of joint venture.
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Challenging Market Weighs on Petra
Miner posts net loss of $10 million and sees debts increase in first fiscal half.
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Lucapa Closing In On Diamond Source
Company believes new drilling site could lead to “mother lode” find.
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Gem Diamonds Sees Sales Decline in 2019
Weak full-year performance comes despite stronger fourth quarter.
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Angola’s Annual Rough Revenue Rises
Figure up 6% in 2019 as miner sells nine special stones from Catoca for $3.7 million.
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Star Rays Outlines Plan to Be Carbon-Neutral
Indian manufacturer believes greener credentials will help attract consumers.
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US Keeps Swiss Watch Exports Afloat
Higher shipments to American market in January offset weak Hong Kong performance.
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Gold Demand Lifts Mood at India Jewelry Show
IIJS Signature exhibitors note resilience of country’s wedding market.
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DMCC Debuts New Diamond-Boiling Facility
Location will have capacity to process 1.4 million carats each month.
13 Nov 2019 Gia Id 100 Machine Tw Banner
Diamond Industry Stock Report

Global retail stocks continued to descend amid fears of the coronavirus’s impact on consumer sentiment. Macy’s (-4.2%), J.C. Penney (-3.7%), Pandora (-2.9%), Richemont (-2.8%) and Kering (-2.2%) all lost ground. Petra (-25%) and Gem Diamonds (-5%) both fell following disappointing results, while Firestone (+41%) increased.

Rapnet Trade Wire
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