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Rapaport TradeWire January 9, 2020
Jan 9, 2020 10:43 AM
By Rapaport
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| January 9, 2020 | | RAPAPORT MARKET COMMENT |  | | Diamond trading seasonally quiet, but diamantaires in positive mood as they return from New Year break. Dealers waiting for memo sale results to assess holiday season. Concern that US economic growth will slow in 2020 election year. Optimism for mainland China during Jan. 25 lunar festival. Hong Kong retail sluggish. Manufacturers cautious about raising factory production, despite expected 1Q inventory replenishment. Polished prices stable, with improvement in 0.30 to 0.50 ct., D-H, IF-VS diamonds due to Chinese holiday demand and shortages of RapSpec A3+ goods. Prices and demand weak for 3 ct. and larger, F+, VVS+ diamonds. Rapaport hosts trade mission to Surat, India. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 1.06% | 2.31% | -6.45% | | 0.50 ct | 0.92% | 1.69% | -4.34% | | 1.00 ct | 0.40% | 0.10% | -4.67% | | 3.00 ct | 0.39% | 0.53% | -16.23% |  | | 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: Retailers focused on engagement-ring promotions ahead of Valentine’s Day... |  |  | Belgium: Concern about lab-grown impact on small natural stones is increasing as more diamond manufacturers enter the synthetics space... | | |  | Israel: Solid demand for 0.30 to 0.60 ct., D-H, VS-SI goods... | | |  | India: Manufacturers maintaining stable polished production below capacity... | | |  | Hong Kong: Slight improvement as dealers cater to Chinese New Year demand... | | |  | | | WEBINAR: TRANSITION TO A NEW DECADE |  | | WITH Avi Krawitz | Rapaport’s senior analyst will put the 2019 diamond market into perspective and explore it as a platform for growth 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 | | | | Diamond Prices Stable After Year of Declines | | 1-carat RAPI falls 5.3% in 2019. |  | | | Belgium Tightens Access to Diamond Trade | | Company directors must prove good conduct and knowledge of money-laundering laws. | | | | | retail | | | | Signet Takes Hit Following Wells Fargo Report | | Retailer losing customers because of high prices and lack of innovative product, analyst says. | | | | | eBay Lists Priciest Jewelry Sold Last Year | | Top items include Patek Philippe watch and 5.01-carat yellow-diamond ring. | | | | | US Consumer Spending Unlikely to Grow Soon | | Momentum lacking after December drop in confidence, according to The Conference Board. | | | | | Protests Continue to Plague Hong Kong Retail | | Sales of jewelry and other luxury items down 44% in November. | | | | | Pandora Set to Meet 2019 Sales Forecast | | Company expects full-year decline to be less steep than it had feared. | | | | | Watches of Switzerland Hires UK Chief | | Craig Bolton, a 15-year veteran of the company, will take on newly created role. | | | | | Titan Revenue Grows During Diwali Season | | Solid wedding-jewelry demand supports Indian retailer in challenging market. | | | | | mining | | | | De Beers, Dominion Seek Canada Expansion | | Companies apply to explore further at Gahcho Kué and Ekati mines. | | | | | Initiative Aims to Nix Mercury in Gold Mining | | New Goldrop processing equipment to undergo testing in Ghana. | | | | | Lucapa Unearths 117ct. Rough | | Diamond is first stone over 100 carats from Lulo mine this year. | | | | | general | | | | Bahrain Looks to Put Natural Pearls on the Map | | World’s biggest producer of these nacreous treasures wants to boost their popularity among US and international consumers. | | | | | IDCA Elects New Board | | Haridas Kotahwala of Royal India USA will take over from Nilesh Sheth as president. | | | | | Canada Trade Body Hires Loss-Prevention Expert | | Kelly Ross previously investigated jewel-related crimes for the mounted police. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Signet (-12%) slumped this past week after Wells Fargo downgraded its stock. US retail shares were otherwise solid, with Macy’s (+6.5%) gaining after better-than-expected holiday results. JCPenney (+7%) also rose, although the data preceded the department store’s announcement of a heavy sales drop. In Europe, Pandora (+18%) led the sector after releasing a promising update on its 2019 performance. Miners were mixed, with Firestone (-13%) continuing its decline amid difficult market conditions, and Gem Diamonds (+4.6%) increasing. | | | | | 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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