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Miners, Retail Stocks in Rapaport’s Global Tracker Lag in 2015
Dec 31, 2015 12:30 PM
By Rapaport News
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RAPAPORT... Global diamond, jewelry and retail stocks underperformed this
year as 76 percent of the listed companies tracked by the Rapaport Diamond
Industry Stock Tracker declined in 2015.
Out of 50
stocks followed by Rapaport News, 38
fell between January 2 and 11 a.m. GMT on December 29, according to data
compiled from Yahoo Finance.
The worst-hit region was
the Far East, where all five tracked companies saw their share prices fall.
Hong Kong jewelry retails Chow Tai Fook Jewellery Group Ltd. (-52 percent), Luk
Fook Holdings (International) Ltd. (-45 percent) and Chow Sang Sang Holdings
International Ltd. (-38 percent) all suffered heavy declines. While the losses
reflect a general stock-market downturn in Hong Kong, the performance of these
three stocks was worse than that of Hong Kong’s Hang Seng index, which dipped 7
percent since January 2.
Diamond technology firm Sarine
Technologies Ltd. (-40 percent) and pawn shop ValueMax Group Limited (-26
percent), both listed in Singapore, suffered lesser but still significant drops.
U.S. retail stocks also took heavy hits, led by jewelry
company Birks Group Inc., which tumbled 78 percent. Department store chain Macy's,
Inc., fell 47 percent, while Charles & Colvard Ltd., which develops and
markets moissanite, dived 42 percent. Overall, 10 out of 12 U.S. stocks
declined, with only department store J.C. Penney (+7 percent) and online
jewelry retailer Blue Nile Inc. (+2.2 percent) seeing a share-price increase.
All 10 U.S. retail stocks fell more than the Dow Jones Industrial Average,
which dipped 1.7 percent.
Seven out of 10 miners outside
of the U.K. markets tracked by Rapaport
News lost at least 13 percent, while True North Gems Inc. (+38 percent) and
Stornoway Diamond Corporation (+35 percent) bucked the trend. Lucara Diamond
Corp. (+4.1 percent) also rose after its stock rocketed in mid-November when the
company discovered the second-largest diamond in history.
U.K. miners all declined except Stellar Diamonds plc, which skyrocketed
672 percent after anomalously rising more than 5,000 percent from a low base in
early November. Diversified miners Anglo American plc (-75 percent) and Rio
Tinto plc (-35 percent) dropped significantly amid a commodities slump, while
Petra Diamonds Ltd. (-55 percent) and Firestone Diamonds plc (-48 percent) also
nosedived, against a 4.3 percent drop in the U.K.’s FTSE 100 index.
European and Indian stocks were more mixed, with French luxury
group LVMH Moët Hennessy Louis Vuitton SA increasing 11 percent. Decliners
included Swiss watchmaker Swatch Group (-22 percent), Swiss giant Compagnie
Financière Richemont SA (+19 percent) and Italy’s Damiani SpA (-4.8 percent).
French luxury group Kering SA slipped 0.9 percent.
India
was even more mixed, with C.Mahendra Exports Ltd. slumping 90 percent and
Classic Diamonds (India) Ltd. down 80 percent. However, Lypsa Gems &
Jewelry Ltd. (+98 percent) and Goldiam International Ltd. (+80 percent)
appreciated significantly. There were huge increases for Rajesh Exports Ltd.
(+360 percent), whose stock grew fairly steadily through the year with a
steeper increase in September, and Renaissance Jewellery Ltd. (+105 percent),
which fluctuated throughout 2015 but surged since late October.
Rapaport Diamond Industry Stock Tracker: 2015
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Dec. 29, 2015 (11:00 GMT) |
Jan. 2, 2015 (market open) |
Chng. |
Chng. |
| STOCK INDEXES | |
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| BSE |
26,079.48 |
27,521.28 |
-1,441.80 |
-5.2% |
| Dow Jones |
17,528.27 |
17,823.07 |
-294.80 |
-1.7% |
| FTSE |
6,282.01 |
6,566.10 |
-284.09 |
-4.3% |
| Hang Seng |
21,999.62 |
23,699.20 |
-1,699.58 |
-7.2% |
| S&P 500 |
2,056.50 |
2,058.90 |
-2.40 |
-0.1% |
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| USA |
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| Birks Group |
$0.44 |
$1.97 |
-$1.53 |
-77.7% |
| Blue Nile |
$37.04 |
$36.25 |
$0.79 |
2.2% |
| Charles & Colvard |
$1.12 |
$1.92 |
-$0.80 |
-41.7% |
| JCPenney |
$6.91 |
$6.49 |
$0.42 |
6.5% |
| Kohl's |
$47.24 |
$61.15 |
-$13.91 |
-22.7% |
| Macy's |
$35.50 |
$66.33 |
-$30.83 |
-46.5% |
| Movado Group |
$26.47 |
$28.57 |
-$2.10 |
-7.4% |
| Nordstrom |
$50.35 |
$79.66 |
-$29.31 |
-36.8% |
| Signet |
$120.89 |
$131.88 |
-$10.99 |
-8.3% |
| Sotheby's |
$25.95 |
$43.58 |
-$17.63 |
-40.5% |
| Tiffany |
$76.60 |
$106.63 |
-$30.03 |
-28.2% |
| Walmart |
$60.75 |
$86.27 |
-$25.52 |
-29.6% |
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| FAR EAST | |
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| Chow Sang Sang (HKD) |
12.70 |
20.45 |
-7.75 |
-37.9% |
| Chow Tai Fook (HKD) |
5.01 |
10.48 |
-5.47 |
-52.2% |
| Luk Fook (HKD) |
16.10 |
29.00 |
-12.90 |
-44.5% |
| Sarine (SGD) |
1.50 |
2.47 |
-0.98 |
-39.5% |
| ValueMax Group |
0.28 |
0.38 |
-0.10 |
-26.3% |
| EUROPE |
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| Damiani |
€1.19 |
€1.25 |
-€0.06 |
-4.8% |
| LVMH |
€146.60 |
€132.50 |
€14.10 |
10.6% |
| Kering |
€158.55 |
€160.00 |
-€1.45 |
-0.9% |
| Richemont |
CHF 72.35 |
CHF 88.75 |
-CHF 16.40 |
-18.5% |
| Swatch Group |
CHF 345.80 |
CHF 443.50 |
-CHF 97.70 |
-22.0% |
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| INDIA (rupee) |
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| Classic Diamond |
0.42 |
2.10 |
-1.68 |
-80.0% |
| C.Mahendra |
1.26 |
12.90 |
-11.64 |
-90.2% |
| Gitanjali Gems |
41.45 |
54.75 |
-13.30 |
-24.3% |
| Goenka Diamond |
1.75 |
1.55 |
0.20 |
12.9% |
| Goldiam Intl. |
52.10 |
29.00 |
23.10 |
79.7% |
| Lypsa Gems |
128.00 |
64.50 |
63.50 |
98.4% |
| Rajesh Exports |
677.20 |
147.35 |
529.85 |
359.6% |
| Ren. Jewellery |
133.30 |
64.90 |
68.40 |
105.4% |
| Titan |
350.95 |
379.80 |
-28.85 |
-7.6% |
| Vaibhav |
507.50 |
634.05 |
-126.55 |
-20.0% |
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| NEW ZEALAND |
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| Michael Hill |
NZD 0.97 |
NZD 1.18 |
-NZD 0.21 |
-17.8% |
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| MINING STOCKS |
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| ALROSA |
RUB 54.76 |
RUB 63.00 |
-RUB 8.24 |
-13.1% |
| Dominion Diamond |
CAD 14.03 |
CAD 21.07 |
-CAD 7.04 |
-33.4% |
| Kennady Diamonds |
CAD 3.00 |
CAD 4.70 |
-CAD 1.70 |
-36.2% |
| Lucara Diamond |
CAD 2.27 |
CAD 2.18 |
CAD 0.09 |
4.1% |
| Mountain Province |
CAD 4.03 |
CAD 4.93 |
-CAD 0.90 |
-18.3% |
| Peregrine Diamonds |
CAD 0.15 |
CAD 0.18 |
-CAD 0.04 |
-19.4% |
| Rockwell Diamonds |
CAD 0.14 |
CAD 0.24 |
-CAD 0.11 |
-43.8% |
| Shore Gold |
CAD 0.18 |
CAD 0.22 |
-CAD 0.04 |
-18.2% |
| Stornoway Diamond |
CAD 0.73 |
CAD 0.54 |
CAD 0.19 |
35.2% |
| True North Gems |
CAD 0.17 |
CAD 0.12 |
CAD 0.05 |
37.5% |
| UK (pence) |
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| Anglo American |
306.55 |
1,206.50 |
-900.0 |
-74.6% |
| Firestone Diamonds |
18.25 |
35.00 |
-16.8 |
-47.9% |
| Gem Diamonds |
117.16 |
180.00 |
-62.8 |
-34.9% |
| Gemfields |
40.79 |
45.75 |
-5.0 |
-10.8% |
| Petra Diamonds |
88.00 |
193.50 |
-105.5 |
-54.5% |
| Rio Tinto plc |
1,974.00 |
3,018.00 |
-1,044.0 |
-34.6% |
| Stellar Diamonds |
9.50 |
1.23 |
8.3 |
672.4% |
Source: Yahoo Finance
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Tags:
companies, Hong Kong, mining, money, profit, Rapaport News, retail, stocks, traded, u.s.
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