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Rapaport TradeWire December 5, 2019
Dec 5, 2019 11:31 AM
By Rapaport
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| December 5, 2019 | | RAPAPORT MARKET COMMENT |  | | Jewelers and memo dealers gaining confidence after positive start to holiday season. E-commerce driving growth, with record $9.4B purchases on Cyber Monday, according to Adobe Analytics. NRF counts 189.6M shoppers and average spend +16% to $362 over Thanksgiving weekend. Tiffany & Co. 3Q sales flat at $1B, Signet Jewelers sales flat at $1.2B. Shortages and holiday demand supporting diamond prices, especially for diamonds below 1 ct. RAPI for 0.30 ct. +5.3% in Nov., 1 ct. -0.5%. Rough market improving with demand for RapSpec A3+ polished. De Beers returns to regular sales policy at next week’s sight, ending flexibility that allowed higher buybacks or deferrals. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.19% | 5.23% | -12.18% | | 0.50 ct | 0.34% | 1.85% | -7.28% | | 1.00 ct | -0.10% | -0.64% | -6.08% | | 3.00 ct | -0.33% | -0.28% | -17.93% |  | | 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: Positive reports about the holiday season from wholesale and retail... |  |  | Belgium: Market improving as shortages lead to firmer prices... | | |  | Israel: Merger approval for Mizrahi-Tefahot Bank and Union Bank means smaller number of local lenders, sparking concerns about tighter credit for the industry... | | |  | India: Rough orders expected to improve at next week’s sight as cutters prepare for post-holiday restocking among jewelers... | | |  | Hong Kong: Retail still quiet due to weak consumer sentiment... | | |  | | | WEEKLY NEWS | | industry | | | | Sarine Joins Race to Buy HRD Antwerp | | Three bidders in the running after IGI pulls out. |  | | | De Beers Ends Special Supply Measures | | Sightholders predict improvement in demand at next week’s rough sale. | | | | | Diamond Market More Optimistic | | Prices improve for 0.30-carat polished stones. | | | | | Lab Warns of Color Instability in CVD | | Change may even occur through casual use, including from UV rays at the beach, says GSI. | | | | | retail | | | | Tiffany Sales Stall as Tourist Spending Dries Up | | Increase in mainland China compensates for weakness in US and Hong Kong. | | | | | Signet Raises Full-Year Outlook | | Same-store sales up 2.1% in third fiscal quarter. | | | | | Holiday Season Gets Off to Solid Start | | Black Friday and Cyber Monday both show record number of online purchases. | | | | | Hong Kong Luxury Retail Sales Plunge | | Total for category drops 43% year on year. | | | | | mining | | | | KP Gives CAR More Export Freedom | | Government will no longer need approval to certify shipments from legal “green” zones. | | | | | Zimbabwe Eyes Overseas Rough Tenders | | Domestic sales carry limited appeal for buyers, state miner says. | | | | | Gem Diamonds Firm on No-Dividend Policy | | Nearly 25% of shareholders vote not to reelect CEO Elphick in response. | | | | | Lucara Predicts Rise in Revenue for 2020 | | Miner expects sales of $180 million to $210 million for the year. | | | | | general | | | | GIA to Shut Down Dubai Branch | | Lab’s education services and take-in facility will close by end of year. | | | | | Tiffany, Pandora Receive Top Sourcing Scores | | Jewelers were graded on carbon footprint, labor conditions and corporate governance, among other criteria. | | | | | Hong Kong Troubles Weigh on Luk Fook | | Revenue falls 20% in fiscal first half. | | | | | Secondhand Could Spur Jewelry Sales – Bain | | Analysts view category as entry point to luxury sector. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Stocks had a negative week amid uncertainty over trade talks between the US and China. Pandora (-9%) and Birks Group (-6%) headed the declines among Western retailers, while Hong Kong-based Luk Fook (-3.7%) also fell. Chow Tai Fook (+6%) bucked the trend following strong sales in mainland China. While mining shares were mostly weak, Firestone’s stock price more than doubled after it restored power access at its mine in Lesotho. | | | | | 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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