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Rapaport TradeWire December 19, 2019
Dec 19, 2019 10:26 AM
By Rapaport
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December 19, 2019 | RAPAPORT MARKET COMMENT | | Positive sentiment in final week before Christmas. Retail emphasis on omni-channel and improving in-store shopping experience. Brands using pop-up stores to boost customer interaction, test innovations and showcase new products. Strong online sales. Chinese demand driving polished market ahead of Jan. 25 lunar festival as US and China edge toward trade deal. Alrosa positions itself in China with WeChat blockchain program and unveils plan to integrate Kristall polishing units. Rough market stable following $425M Dec. sight. De Beers issues guidelines for sightholders selling synthetics. Rapaport wishes everyone a successful holiday season. | | RAPNET DIAMOND INDEX (RAPI™) | | | Weekly | Monthly | Y2Y | 0.30 ct | -0.02% | 4.67% | -8.98% | 0.50 ct | 0.35% | 1.85% | -5.96% | 1.00 ct | 0.11% | -0.40% | -5.57% | 3.00 ct | 0.27% | 0.18% | -16.86% | | 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: Fifth Avenue jewelers pushing branded bridal during peak shopping period... | | | Belgium: Indian dealers looking for goods in Antwerp before bourses close for holiday break... | | | Israel: Momentum slowing for 0.30 to 0.50 ct. sizes though prices remain firm... | | | India: Manufacturers raising production but careful not to build up too much inventory... | | | Hong Kong: Local dealer market improving ahead of Chinese New Year... | | | | WEEKLY NEWS | industry | | De Beers Issues Synthetics Guidelines | Miner demands full disclosure and segregation, and bans false marketing claims. | | | Alrosa to Restructure Manufacturing Business | Plan includes integrating Kristall following acquisition. | | | Belgium Export Data Looking More Positive | Rough-diamond orders rise for first time in seven months. | | | mining | | Profit Margins Improve at $425M De Beers Sale | Sightholders benefit from last month’s price cut. | | | Lucara December Tender Beats Expectations | Sale brings in $53 million as market stabilizes. | | | Alrosa’s Angola Mine to Start Production in 2020 | Luaxe will provide 1 million carats in first year, according to report. | | | Petra Names New Chairman | Peter Hill to succeed founder Adonis Pouroulis. | | | De Beers Rough Prices Decline 5% in 2019 | Sales have also shifted to lower-value items. | | | retail | | Alrosa Collaborates on WeChat Blockchain | Miner will supply diamonds for sale via the Chinese messaging app. | | | Signet Expands Lab-Grown Diamond Offering | Jeweler now carrying synthetics at James Allen, Kay, Zales and Jared. | | | Strong November Sales Kick Off Season | Robust consumer sentiment has supported spending, says National Retail Federation. | | | Ex-Bulgari Executive to Join Pandora | Carla Liuni will begin role as chief marketing officer in March. | | | general | | Gemfields Debuts Traceable-Ruby Program | Partnership with Gübelin Gem Lab covers 12 parcels from miner’s December sale. | | | Hamilton Jewelers Mourns Chairman Martin Siegel | Innovative leader was instrumental in growing the retailer’s brand. | | | Pomellato CEO to Lead Altagamma Jewelry Unit | Italian luxury-industry group brings Sabina Belli on board as vice president for the category. | | | | FINANCE | Diamond Industry Stock Report | | Retail shares strengthened as US-China trade talks supported investor confidence. Macy’s (+5%) led the sector in a week that saw record highs for the Dow Jones Industrial Average (+1.2%) and the S&P 500 (+1.6%). The cooling of tensions between Washington and Beijing also boosted Hong Kong equities, with Chow Sang Sang (+4%) and Luk Fook (+3%) gaining. Mining stocks were mixed, with Firestone Diamonds (-7%) heading the declines, while Alrosa (+3.4%) climbed. | | | 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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