|
|
Rapaport TradeWire November 14, 2019
Nov 14, 2019 9:50 AM
By Rapaport
|
|
|
| November 14, 2019 | | RAPAPORT MARKET COMMENT |  | | Polished market stable and showing rise in demand for 0.30 to 0.50 ct. Reduced manufacturing has led to shortages of top-quality RapSpec A3+ goods. Rough trading steady after price cuts at $390M Nov. De Beers sight. Alrosa 3Q profit -44% to $212M with concern over built-up 21.7M ct. inventory. Retail outlook optimistic as Dow hits record (+19% YTD to 27,783). Ongoing unrest dampens Hong Kong luxury. Richemont 1H jewelry sales +8% to $4.1B. Christie’s Geneva sells $55M (93% by lot) including rectangle, 7.03 ct., fancy deep purple blue, VVS2 for $11.6M ($1.7M/ct.). Sotheby’s garners $54M (80% by lot) including pear, 6.03 ct., fancy intense purple pink, VVS2 for $3.4M ($556K/ct.). | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.16% | 2.12% | -16.60% | | 0.50 ct | 0.10% | 0.70% | -9.08% | | 1.00 ct | -0.16% | -0.19% | -5.94% | | 3.00 ct | 0.07% | -0.83% | -18.42% |  | | 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: Rising expectations for holiday season that begins on Thanksgiving weekend (Nov. 29)... |  |  | Belgium: Rough trading active, with more stones available on secondary market following De Beers and Alrosa price cuts.... | | |  | Israel: Large delegation of 21 companies traveling to Nov. 28 Hong Kong International Jewelry Show despite ongoing unrest in the city... | | |  | India: Volatile rupee (INR 72/$1) adding to market uncertainty... | | |  | Hong Kong: Polished market showing steady demand from China and rest of Asia Pacific... | | |  | | | Synthetics vs. Natural: The Battle over Value |  | | WITH Avi Krawitz | What makes a diamond valuable? The recent Dubai Diamond Conference exposed the different philosophies of the miners and lab-grown producers. |  | | | WEEKLY NEWS | | industry | | | | De Beers Sightholders Embracing Synthetics | | Miner prepares new guidelines for clients with lab-grown businesses. |  | | | 7ct. Blue Fetches $12M at Christie’s Geneva | | Moussaieff ring one of 12 items selling for more than $1 million at Magnificent Jewels auction. | | | | | India Polished Exports Drop | | Average price slumps 22% in October. | | | | | Cartier Bracelet Soars Past Estimate at Sotheby’s | | Female Asian collector buys sapphire and diamond piece for $6.1 million. | | | | | retail | | | | Bailey Banks & Biddle Files for Chapter 11 | | Jeweler, founded in 1832, estimates liabilities of up to $50,000. | | | | | Richemont Weathers Hong Kong Storm | | Sales at Cartier and Van Cleef & Arpels up 8% in first fiscal half. | | | | | Forevermark Opens First US Boutique | | California store is part of a partnership with Padis Jewelry. | | | | | Michael Hill Offers Lab-Grown Collection | | Jeweler selling eight ring styles priced between $4,100 and $10,920. | | | | | Alibaba Sees Record Singles’ Day Sales | | Total transaction value up 26% to $38 billion. | | | | | Titan Revenue and Profit Increase | | Sales rise 2% to $657.7 million in second fiscal quarter. | | | | | mining | | | | Rough Market Picks Up at De Beers Sight | | November sales drop 12%, but slowdown eases. | | | | | Alrosa Launches Digital Tenders with Sarine Tech | | Buyers can scan rough diamonds to evaluate polished output and reduce risk. | | | | | general | | | | Sotheby’s to Sell Rare Fancy-Color Diamond | | 7.55-carat Indian Blue will lead New York Magnificent Jewels auction. | | | | | Two New Governors Join GIA Board | | Jeffrey Post is a research geologist, while Tammy Storino is a finance executive with experience at consumer brands. | | | | | Art Deco Jewels Lead Bonhams Auction | | 1940 aquamarine and diamond necklace estimated at up to $192,435. | | | | | Jewelers Top Luxury ‘Brand Intimacy’ Study | | Rolex, Cartier and Tiffany capture first, second and third places. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Retail shares fell as investors showed concern about store closures, tariffs and declining sales, with Signet (-5%), Chow Sang Sang (-9%), Luk Fook (-8%) and Richemont (-8%) all sliding. Kering (+3%) and J.C. Penney (+7%) bucked the trend. Mining stocks continued to slip amid weak rough demand: Firestone (-7%), Mountain Province (-7%) and Lucara (-4%) lost ground. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|