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Rapaport TradeWire January 2, 2020
Jan 2, 2020 10:05 AM
By Rapaport
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| January 2, 2020 | | RAPAPORT MARKET COMMENT |  | | Happy New Year! Diamond market gaining confidence for 2020 after relatively good holiday season. Polished prices stable, supported by US and Chinese holiday demand. 1 ct. RAPI -0.2% in Dec. and -5.3% for full year. RAPI for 0.30 ct. +1.7% in Dec. due to China orders, amid positive outlook for Jan. 25 lunar festival. Hong Kong luxury weak as protesters start year with massive demonstration. Dealer trading quiet over holidays. Suppliers reduced inventory levels, but still holding large volume of less desirable goods. None-to-faint fluorescence selling well and in short supply. New decade presents opportunity to boost diamond-jewelry demand with significant investment in marketing. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 1.09% | 1.61% | -7.36% | | 0.50 ct | 0.56% | 1.08% | -5.17% | | 1.00 ct | -0.03% | -0.24% | -5.36% | | 3.00 ct | -0.04% | -0.45% | -16.31% |  | | 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: Conference Board reports consumer confidence slightly down in December... |  |  | Belgium: Diamond trading slow, with the bourses and most businesses closed for holidays until January 6... | | |  | Israel: Suppliers maintaining firm prices when filling orders for specific goods... | | |  | India: Manufacturers raised production since Diwali but continue to operate below capacity... | | |  | Hong Kong: Wholesale sentiment improving as jewelers prepare inventory for Chinese New Year on January 25... | | |  | | | Webinar: Transition to a New Decade |  | | WITH Avi Krawitz | Rapaport’s Senior Analyst will put the 2019 diamond market into perspective, and explore the platform from which it can grow in the coming year. Avi will use exclusive data from RapNet that illustrates supply, demand and price trends in the polished sector. |  | | | WEEKLY NEWS | | industry | | | | What Happened in the Diamond Trade in 2019 | | A month-by-month digest of Rapaport Weekly Market Comments. |  | | | Alrosa Releases 2020 Supply Schedule | | First big-stone auction begins January 12 in Israel. | | | | | Sotheby’s Watch Sales Hit Record $109M | | Space Traveller I by George Daniels was the highest seller last year, fetching $4.6 million. | | | | | The 10 Most Read Stories of 2019 | | Lab-grown diamonds, De Beers and the GIA top the list of our most popular articles. | | | | | Tech Pioneer Sees Future for Synthetics in Israel | | Diamond bourse refutes Benny Landa’s claim that polishing industry “will never return.” | | | | | retail | | | | Tips for Promoting Ethical Credentials | | Five pieces of advice for gaining buyers’ confidence. | | | | | Revamping the Retail Experience | | How can modern jewelers make it worth customers’ while to shop brick-and-mortar? | | | | | mining | | | | Alrosa Unearths 191ct. Rough Diamond | | Miner finds stone at its Botuobinskaya pipe in Yakutia. | | | | | general | | | | Diamonds That Created a Buzz in 2019 | | From huge rough to auction records, these stones made their mark last year. | | | | | What’s New at World’s Oldest Jewelry School | | The president of the Haute École de Joaillerie explains what the French institute is doing to meet the demands of the 21st century. | | | | | The Keys to Dating a Diamond Ring | | Suzanne Martinez, co-owner of Lang Antiques in San Francisco, on how to distinguish the real from the repro. | | | | | How Cutters Can Maximize Profits | | Moving away from the traditional system of contract sales and credit allows iSparkle to be more nimble, says founder and CEO Ilan Kaplan. | | | | | The Jewelry That’s Set to Sparkle in 2020 | | Large link chains, piles of necklaces, chokers and hoop earrings top the list of hot trends. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Solid retail sentiment boosted stocks this past week, with Macy’s (+6%), Signet (+5%) and Luk Fook (+4%) rising. Mining shares showed an improvement following a poor 2019: Firestone (+16%), Lucapa (+9%) and Petra (+4%) all gained. | | | | | Contact Us |  |       | | © Copyright 2020 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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