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Rapaport TradeWire September 13, 2018
Sep 14, 2018 1:04 AM
By Rapaport
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| September 13, 2018 | | RAPAPORT MARKET COMMENT |  | | Hong Kong fair opens to steady traffic. Suppliers hoping Chinese demand will return after slowdown of past few months. Buyers focused on 0.30 to 1 ct., D-J, VS-SI GIA-graded diamonds, and testing price levels at start of the show. Melee weak. De Beers lets sightholders defer small and lower-value rough at $505M sight. Alrosa Aug. sale +14% to $295M amid shift to higher-value goods. Rough premiums fall to between 2% and 3% on secondary market. De Beers estimates 2017 global rough sales +2% to $16.6B, production +15% to $17.5B, diamond-jewelry demand +2% to $82B. Insight report notes millennials and Gen Z account for two-thirds of demand. Chinese firm Fosun buys 80% of IGI. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.33% | -1.29% | 6.64% | | 0.50 ct | -0.11% | -0.43% | 2.47% | | 1.00 ct | 0.08% | -0.43% | 0.83% | | 3.00 ct | -0.05% | 0.22% | -0.96% |  | | 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: Jewelers modernizing their marketing with focus on omni-channel platforms... |  |  | Belgium: Rough sector cautious after De Beers sight, with boxes selling at lower premiums on the secondary market... | | |  | Israel: Trading in Ramat Gan quiet, with many suppliers exhibiting at the Hong Kong show... | | |  | India: Dealers and manufacturers cautious due to high rough prices, reduced bank lending and weaker rupee... | | |  | Hong Kong: Concerns about impact China-US trade war will have on consumer spending... | | |  | | | Hong Kong and the Holidays |  | | WITH The Rapaport Diamond Podcast | The most wonderful time of the year is nearly upon us! It’s holiday stocking season, but with a trade storm brewing between the US and China, will this quarter be as rewarding as it’s been in the past? Meanwhile, the rosy results of retail giants Signet and Tiffany are up for debate. Plus, what is the Rapaport crew up to for the holidays? |  | | | WEEKLY NEWS | | industry | | | | China’s Fosun Buys 80% of IGI | | Deal with huge conglomerate will accelerate global expansion, says grading lab. |  | | | Millennials and Gen Z Dominate Diamond Demand | | Younger age groups represent two-thirds of 2017 sales, says De Beers. | | | | | Baselworld Looks to Reduce Prices | | Cost of attending “crossed the pain threshold for many people,” says show’s CEO. | | | | | retail | | | | Richemont Enjoys Sparkling Jewelry Results | | Jérôme Lambert joins luxury group as CEO. | | | | | mining | | | | De Beers Allows Deferrals at $505M Sale | | Clients ask to delay purchases of lower-value goods. | | | | | Zimbabwe Miner Murowa Joins DPA | | Company’s chief operating officer will sit on association’s board. | | | | | Large Stones Keep Mountain Province on Track | | August sale achieves average price of $65 per carat. | | | | | High-Value Rough Demand Boosts Alrosa Revenue | | Sales rise 14% in August. | | | | | Tango Takes On Two New Mines | | Company acquires Liberia asset and will finance Angola alluvial project. | | | | | general | | | | De Beers Grading Unit Launches Courses in China | | IIDGR partners with National Gemstone Testing Center. | | | | | DPA Chief Marketing Officer Exits | | Deborah Marquardt has been with the organization since 2016. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global equities improved on news of potential trade talks between the US and China. J.C. Penney (+5%) led retail stocks on Wall Street, with Signet (+4.3%) also up and Tiffany (+3.3%) gaining after it received an upgrade from analysts at Oppenheimer. Chow Tai Fook (+7.5%) was the strongest performer in the Far East. A positive review from BMO Capital Markets boosted Stornoway Diamond (+13%). | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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