Advanced Search

Rapaport TradeWire June 11, 2020

Jun 11, 2020 11:27 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapnet 600X160 Covid
Rapaport TradeWire
June 11, 2020

Market activity slow, but sentiment improving as retail reopens and US unemployment reduced to 13.3% for May. Growing interest in investment diamonds, with higher prices for D-IF, 0.50 ct. and 1 ct. (3X, none) goods. Tiffany & Co. signals robust recovery in China after 1Q revenue -45% to $556M with loss of $65M vs. profit of $125M, e-commerce sales +23%. Signet Jewelers 1Q revenue -41% to $852M, loss of $190M vs. loss of $10M, online sales +7% to $165M. Rough sector quiet ahead of next week’s De Beers sight. Alrosa May sales -86% to $36M. Rapaport Price List returns to weekly publication. Next price list Friday, June 19. See announcement here.

Jm 600X160 V2
Weekly Monthly Y2Y
0.30 ct 0.03% -0.97% -3.90%
0.50 ct 0.21% -0.13% -8.34%
1.00 ct 0.30% 0.50% -10.84%
3.00 ct -0.47% -3.20% -11.77%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Jewelers focused on enhancing e-commerce platforms as pandemic accelerates digitization trend...
Belgium: Dealers cautious about offering credit in fragile economy...
Israel: Polished orders selective, with jewelers seeking replacements for diamonds sold rather than buying for inventory...
India: Stable market for 1 ct., D-E, IF-VVS1...
Hong Kong: Gemstones like emeralds and rubies doing well, and consumers seeing investment value in gold jewelry...
Gia Tw Banner Id100 11 June 20
Rapaport’s ‘State of the Diamond Industry’ Address
WITH Martin Rapaport

Martin Rapaport, chairman of the Rapaport Group, tackles the impact of Covid-19 on the diamond industry in his annual presentation. He explains each of the changes that have taken place, as well as how to address them as the market emerges from the pandemic.

Marketing Our Way Out of Crisis
WITH The Rapaport Diamond Podcast

In the second episode of Rapaport’s Recovery Webinar Series, David Kellie, CEO of the Natural Diamond Council, outlines the organization’s goals following its relaunch at the beginning of June. Kellie discusses the NDC’s approach to marketing diamonds as a category, and explains its focus on content publishing.

A Bright Future Ahead
WITH Alan Bronstein

The natural diamond industry has a lot to offer as people seek personal connections and ethical products. If the sector handles the current challenges correctly, it could have an exciting future, argues Alan Bronstein, president of the Natural Color Diamond Association.

The Recession Is Probably Already Over
$1M Treasure Chest Finally Found in Rockies
Miners Stuck with Billions in Gems
Jump in US Online Sales Won’t Offset Retail Decline
Rninst Inv Bandealers 060820 Static 600X160
News Thumbnail
Important Notice Regarding the Rapaport Price List
Publication to return to weekly schedule.
News Thumbnail
New York’s Diamond Dealers Club Reopens
Many members rely on the trading floor for livelihoods, notes president Reuven Kaufman.
News Thumbnail
Rough Sales to Decline Up to 40% This Year
Recovery won’t come until second half, Moody’s predicts.
News Thumbnail
Israel’s Bank Leumi Eyes Return to Diamonds
Lender bids to buy Union Bank’s portfolio.
News Thumbnail
Alrosa Expects Demand to Revive by August
Rise in diamond-jewelry sales in Asia will drive appetite for rough, miner says.
News Thumbnail
Indian Credit Down 18% Since Banking Scandal
Lending to gem and jewelry sector “on a consistent decline,” says ratings agency.
News Thumbnail
WDC Elects Feriel Zerouki as President from 2022
De Beers executive will be the first woman to head the organization.
News Thumbnail
Signet Loss Deepens Amid Covid-19 Closures
Revenue slumps 41% in first fiscal quarter.
News Thumbnail
Tiffany Sees ‘Robust Recovery’ in China
Mainland sales up 90% in May following global decline in first quarter.
News Thumbnail
Chow Tai Fook Flags Weak Hong Kong Outlook
Retail sales outside mainland China slide 71% in April and May.
News Thumbnail
LVMH Watch Chief Takes On Jewelry Portfolio
Stéphane Bianchi will oversee high-end brands Chaumet and Fred.
News Thumbnail
Consumers Seeking ‘Meaningful’ Gifts – De Beers
More than half of those surveyed thought it would be a good holiday present.
News Thumbnail
Alrosa Diamond Revenue Plunges in May
Miner allows buyers to defer purchases to help market recover.
News Thumbnail
Angola Plans Trading Hub to Support Sales
Country to establish bourse, gemological academy and technological research center.
News Thumbnail
Mountain Province Investor to Buy $50M in Rough
Bulk sale of diamonds to Dunebridge Worldwide gives miner liquidity in weak market.
News Thumbnail
BlueRock Offloads Diamonds in Private Sale
Average price down 15% compared to pre-pandemic levels.
News Thumbnail
HRD Shuts Equipment Unit in Reorganization
Antwerp-based lab will focus on grading and education.
News Thumbnail
WFDB Expands Membership Beyond Core Trade
Chow Tai Fook executive joins federation’s board.
News Thumbnail
Christie’s to Sell Anna Hu Jewels to Fight Covid-19
Designer creating the pieces using brown diamonds from Alrosa.
News Thumbnail
CIBJO Postpones Annual Congress to 2021
Flagship event should always be in person, which is not possible this year due to coronavirus, says Gaetano Cavalieri.
News Thumbnail
Israel Trading Floor Shuts Due to Virus Case
Bourse expects to reopen hall on Sunday.
News Thumbnail
Natural Diamond Council Hires Retail VP
Former Signet executive Gabrielle Grazi will be responsible for establishing the organization as an authority within the trade.
600X160 Mag Offer
Diamond Industry Stock Report

Shares in Tiffany (+5%) rose amid indications that LVMH’s takeover of the jeweler was still going to happen at the agreed price. Hong Kong-based retailers also had a strong week, with Chow Tai Fook (+7%), Chow Sang Sang (+6%) and Luk Fook (+6%) gaining. Signet (-14%) lost ground after announcing it would close nearly 400 stores. Other retail stocks fell as investors feared a second virus wave, with Swatch (-4%), Pandora (-3%), Kering (-1%) and Richemont (-1%) all slipping. Gem Diamonds (-15%), Lucapa (-10%) and Alrosa (-6%) also declined.

Rapnet Trade Wire
Tw Square June 2020 Il Ss V2
Rninst Inv Banner Never Lose 052720 Static 300X300
300X300 Mag Offer
Contact Us
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2020 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire January 21, 2021
Jan 21, 2021
Industry Retail Mining General Finance January 21, 2021 RAPAPORT MARKET COMMENT Optimism fueled by upbeat
Rapaport TradeWire December 31, 2020
Dec 31, 2020
Industry Retail Mining General Finance December 31, 2020 RAPAPORT MARKET COMMENT Sentiment mixed as Mastercard
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.