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Rapaport TradeWire November 30, 2017

Nov 30, 2017 11:17 AM   By Rapaport
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Rapaport TradeWire
November 30, 2017
RAPAPORT MARKET COMMENT
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Holiday season begins with better-than-expected in-store and online traffic over Thanksgiving weekend. Average spend +15% to $335 per consumer, driven by older millennials, reports NRF. Cyber Monday breaks records with $6.6B in online purchases, according to Adobe Digital Insights. Optimism continues as stock markets hit new highs (Dow at 23,959). Polished market stable with caution over large stones. Tiffany & Co. 3Q sales +3% to $976M, profit +5% to $100M. Luk Fook 1H sales +15% to $805M, profit +20% to $67M. Christie’s HK garners $94M as oval, 14.93 ct., fancy vivid pink, VVS1 diamond fetches $32M ($2.1M/ct.). Sierra Leone Peace Diamond to be auctioned in New York on Dec. 4.

John Moran Tw Banner Nov 2017
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.46% -0.25% -1.20%
0.50 ct -0.16% -0.35% -20.15%
1.00 ct -0.26% -0.75% -6.62%
3.00 ct -0.27% -0.01% 3.86%
RAPI Yearly Graph
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Market Reports
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United States: Sentiment improving after busy Black Friday and Cyber Monday...
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Belgium: Rough tenders robust with high prices relative to polished...
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Israel: Steady polished trading with dealers filling US and Asia demand...
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India: Manufacturers shifting to smaller goods to maintain factory operations and garner better margins...
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Hong Kong: Optimistic mood with better activity than last year and positive retail sales growth...
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Rapnet Ban Master 600X160 Static
UPS AND DOWNS
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Why Gems Are Catching the Eye of Investors
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30 Engagement Rings That Will Earn a ‘Yes’
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Three Men with Hammers Storm Jared Store
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Ivanka’s Company Under Fire over Payment
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Rap Acad Animated Banner 600X160Px
WEEKLY NEWS
industry
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What We Know About Meghan Markle’s Ring
Three-stone piece features center diamond from Botswana and two from Princess Diana’s collection.
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Christie’s Hong Kong Sells Pink Diamond for $32M
Silicon Valley diamantaire recut the stone from a larger piece with a lower color grade.
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Pink Diamonds Shine at Alrosa Polished Auction
Russian miner sells all 262 lots at Israel event.
retail
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Mobile-Savvy Millennials Drive Cyber Monday Jump
Consumers now highly efficient choosing which retail website to go to.
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Online Sales Surge on Black Friday
Figures suggest brick-and-mortar retail is still alive.
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China Recovery Lifts Tiffany
Fashion jewelry and solitaires among the strongest categories in third fiscal quarter.
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Luk Fook Sees Further Growth in China
Hong Kong jeweler accelerating its store expansion after strong first half results.
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Birks Sales Sink as Transition Continues
Disposal of Mayors subsidiary enabled jeweler to reduce debt and implement growth strategy.
mining
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De Beers Plans to Sell South Africa Mine
Lower-cost operator would have a better chance of maximizing value at Voorspoed, miner believes.
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Rough Demand Firm at Gahcho Kué Sale
Prices rise 2% at Mountain Province’s ninth tender of the year.
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Lucapa Sells $7M of Angola Rough
Miner achieves average price of $1,770 per carat.
general
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Rapaport Launches Education Platform
First course, “Fundamentals of Diamond Trading,” focuses on commercial and practical aspects of the diamond trade.
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RJC to Expand with New Development Hire
Edward Johnson will work to improve relationships with members and others in the industry.
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De Grisogono Moves to Larger New York Store
Swiss jeweler opens boutique on Madison Avenue.
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India’s ICEX to Offer 0.50ct. Diamond Futures
Trading was previously only in 1-carat stones.
Trade Wire December Single Stone Standalone
FINANCE
Diamond Industry Stock Report
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Strong sales over the Thanksgiving weekend boosted US retail stocks, led by Macy’s (+16%) and J.C. Penney (+9.3%), though Tiffany (-1.6%) had a softer week after reporting a drop in comparable-store sales. Improved Chinese retail demand lifted Hong Kong-based Luk Fook (+4.4%). European luxury stocks had a disappointing week, with Kering (-3.8%) suffering the biggest decline.

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