Advanced Search

Rapaport TradeWire November 16, 2017

Nov 16, 2017 12:00 PM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
1711 Ar 50 K Banner 600X160 01
Rapaport TradeWire
November 16, 2017

Sentiment improves, with wholesale jewelers busy filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales signal strong mobile buying for upcoming holiday season. Polished trading stable. Rough market cautious, with low profitability after $455M De Beers sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva auctions disappoint. Christie’s sells $106M (75% by lot), with emerald, 163ct., D, FL Art of de Grisogono going for $33.7M ($206,266/ct.). Sotheby’s sells $79M (87% by lot), with 33.63ct., fancy light pink, VVS1 diamond fetching $12.8M ($381,154/ct.). Raj Pink fails to sell. Peace Diamond arrives in New York ahead of Dec. 4 auction.

Adt170093 Rapaport Banner Ad R3 600X160 V1
Weekly Monthly Y2Y
0.30 ct 0.14% 0.39% -0.43%
0.50 ct -0.13% -0.15% -20.36%
1.00 ct -0.21% -0.20% -6.11%
3.00 ct 0.10% 1.51% 4.70%
RAPI Yearly Graph
Tradewire 2 11 15 17 Nov Ss 600X160Px
Market Reports
United States: Steady market, but dealers concerned about low profit margins...
Belgium: Rough market stable, but low premiums on secondary market...
Israel: Stable US demand, with dealers filling holiday orders...
India: Factories ramping up polished production after Diwali break...
Hong Kong: Positive sentiment after Alibaba’s record online Singles’ Day sales...
Rap Net Newsbrief Banner 600X160
Peace Diamond Departs Antwerp for New York
The New York viewing will take place from November 20 through December 4, when the 709-carat rough stone goes under the hammer.
2018 Is All About Customer Experience
Farm Staff Helps Find Lost Ring in Haystack
UK Retail Sales in First Annual Fall Since 2013
Libyans Swap Jewelry for Medical Treatment as Crisis Bites
Rap Lab 29 Aug 2017 600X100
News Thumbnail
Flawless Diamond Breaks Record at Christie’s
4,600 visitors attend high-profile Geneva auction.
News Thumbnail
Pink Diamond Disappoints at Sotheby’s Auction
Strong blue fluorescence limited stone’s appeal among Chinese buyers, says expert.
News Thumbnail
GIA Finds Synthetic Diamond with Forged Inscription
Discrepancies between the stone and the original report raised suspicions.
News Thumbnail
Rough Trade Cautious at $455M De Beers Sale
Premiums low even as Indian demand picks up.
News Thumbnail
Alrosa Sees October Rise in Rough Demand
Miner finds three large diamonds at Jubilee pipe.
News Thumbnail
Engagement Ring Prices On the Rise, Says The Knot
Grooms are spending longer searching for the right ring.
News Thumbnail
Mobile Drives Singles’ Day Sales Beyond $25B
E-commerce group sees 39% increase from 11/11 last year.
News Thumbnail
Asia Recovery Boosts Cartier, Van Cleef
Sales grow 15% at Richemont jewelry brands.
News Thumbnail
J.C. Penney Expects Strong Holiday for Jewelry
Comparable sales for the division increased in third fiscal quarter.
News Thumbnail
After Peace, Sierra Leone Set to Sell Prosperity
At 476 carats, the diamond is fifth-largest in nation’s history.
News Thumbnail
Angola Mine Yields Eighth Diamond Above 100cts
129.58-carat rough is type IIa and D-color.
News Thumbnail
Gahcho Kué Mine Proves Profitable in First Year
Mountain Province reports positive third-quarter results.
News Thumbnail
Ruby Demand Robust at Gemfields Sale
Proceeds of $55 million are miner’s highest for any of its auctions.
News Thumbnail
Authorities Release Causes of Fatal Alrosa Flood
Commission identifies 16 company officials responsible for the accident.
News Thumbnail
Opinion: Multifaceted Millennials
Marketing to this generation means targeting the tribes that make it up, says Sally Morrison.
News Thumbnail
Sotheby’s to Sell Record 111ct. Diamond
Largest round diamond in auction history will join fancy vivid blue diamond at New York event.
News Thumbnail
GIA Board Gets Three New Members
Cybersecurity official, Hong Kong diamantaire and retail executive fill slots.
News Thumbnail
Polished Stocks Too Heavy for Sarine
High polished inventories meant manufacturers bought less equipment in third quarter.
News Thumbnail
Baselworld Slashes Exhibitor Numbers in Half
Some 600 to 700 companies will have a display at the March show.
Rap Acad Animated Banner 600X160Px
Diamond Industry Stock Report

J.C. Penney (+21%) led US retail stocks after reporting an increase in comparable-store sales. Birks Group (+12%), Kohl’s (+13%) and Macy’s (+10%) also gained in a generally strong week for the sector. European retail stocks fell, as management at Richemont (-3.3%) gave a cautious forecast for annual sales growth. Mining shares mainly fell, with Gem Diamonds (-5.2%) seeing the biggest decline.

6 Sept 2017 Ice Stones Tw Square
Hari Krishna Exports 10 Aug 2017 Trade Wire Square
Rapaport Magazine November 2017 Cover Tw Square
Rapnet Trade Wire
Contact Us
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2017 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 July 12, 2018
Jul 15, 2018
Industry Retail Mining General Finance July 12, 2018 RAPAPORT MARKET COMMENT Polished trading seasonally
Rapaport TradeWire June 21, 2018
Jun 21, 2018
Industry Retail Mining General Finance June 21, 2018 RAPAPORT MARKET COMMENT Hong Kong show
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.