Advanced Search

Rapaport TradeWire December 7, 2017

Dec 11, 2017 3:07 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Rapaport TradeWire
December 7, 2017

Diamond market optimistic, but polished prices continue to soften. 1 ct. RAPI -0.9% in Nov. due to weak demand for D-F, IF-VVS goods. Holiday season driving positive sentiment, with strong growth in purchases via mobile devices. Retailers creating selfie events and experiences to lure customers away from laptops and into stores. Sotheby’s NY garners $53.9M (82% by lot), with sale of emerald-cut, 5.69 ct., fancy vivid blue, VVS diamond for $15.1M ($2.7M/ct.). Christie’s NY fetches $62.6M as Graff ring with two pear-shape, fancy vivid blue diamonds – 3.36 ct., VVS2 and 2.71 ct., VS1 – sells for $12.6M ($2.1M/ct.). Graff buys Sierra Leone Peace Diamond for $6.5M.

4 Dec 2017 Gia Tw Banner December Date
Weekly Monthly Y2Y
0.30 ct 0.25% 0.15% -1.05%
0.50 ct 0.31% -0.22% -19.81%
1.00 ct 0.13% -0.56% -6.44%
3.00 ct 0.43% 0.17% 4.24%
RAPI Yearly Graph
600X160 New32 1
Market Reports
United States: Shortage of fine-quality RapSpec A2+ diamonds...
Belgium: Slight dip in sentiment, with European market lacking usual Christmas buzz...
Israel: Polished trading stable as dealers fill orders from New York and Hong Kong...
India: Inventory slowly declining as manufacturing remains below capacity and as holiday orders get filled...
Hong Kong: Stable market, with dealers and jewelers reporting better sales than this time last year...
Trade Wire December Qp Melee
Note from the Publisher
WITH John Costello
A Royal Gift

Prince Harry’s engagement-ring story will do more than anything to help wed millennials to the wonder and beauty of diamonds.

Alrosa Boosts Rough Sales by 36% in November
India Trade Ministry Seeks Lower Tax on Diamond Miners
Angolan Company Backs Out of De Grisogono
Retail Chiefs Recount Tough First Jobs
600X160 New3 1
News Thumbnail
Graff Buys Peace Diamond for $6.5M
Sale “opens a new world for diamond demand,” says Martin Rapaport.
News Thumbnail
Optimism Rises as Holiday Season Begins
Sentiment improves, despite decline in polished prices during November.
News Thumbnail
Blue Diamond Sells for $15M at Sotheby’s New York
The market continues to show strength in colored stones, the auctioneer says.
News Thumbnail
Graff Blue Diamond Ring Fetches $13M
Two-stone piece smashes Christie’s pre-sale estimate.
News Thumbnail
De Beers Taps Blockchain for Diamond Tracking
Platform will trace stones throughout the pipeline by creating tamper-proof record of transactions.
News Thumbnail
Alrosa Fails to Sell 51ct. Dynasty
Other four stones in the collection fetch average of 30% above reserve price.
News Thumbnail
De Beers Names New Strategy Chief
Management reshuffle sees auctions head Neil Ventura take on role.
News Thumbnail
Lucara Foresees Improvement at Karowe
Increased access to higher-value section of mine will lift production and revenue.
News Thumbnail
Firestone Raising Cash After Price Drop
Shares dive as miner reports wider loss.
News Thumbnail
Signet Facing Probe over Credit Practices
Consumer Financial Protection Bureau may take legal action.
News Thumbnail
Lab Spots Stone with CVD Coating
Well-concealed synthetic layer bolstered diamond’s weight, says National Gemstone Testing Center.
News Thumbnail
Erik Jens Steps Down as ABN Amro Diamond Chief
Geert van Reisen to take his place as part of restructuring of business unit.
News Thumbnail
Women in the Industry: The Diamond Ceiling
While there has certainly been progress, barriers to success remain.
News Thumbnail
Antwerp Body Joins India KYC Program
Platform enables simpler data-sharing between diamond companies in Belgium and India.
News Thumbnail
RJC Extends Reach to Silver Jewelry
Standards group to include the metal in its Code of Practices.
Rapnet Ban Master 600X160 Static
Diamond Industry Stock Report

Firestone Diamonds (-49%) was the weakest-performing diamond-mining stock this past week, after disappointing results at its Liqhobong mine forced it to raise cash. Sarine (-6.9%) and Chow Tai Fook (-4.1%) were among Far East stocks that declined, while Swatch Group (+2.6%) led improved European luxury stocks. US retail share prices were mixed.

6 Sept 2017 Ice Stones Tw Square
Hari Krishna Exports 10 Aug 2017 Trade Wire Square
Rapnet Trade Wire
Rap Lab 29 Aug 2017 300X300
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 June 14, 2018
Jun 14, 2018
Industry Retail Mining General Finance June 14, 2018 RAPAPORT MARKET COMMENT Polished market stable
Rapaport TradeWire May 24, 2018
May 24, 2018
Industry Retail Mining General Finance May 24, 2018 RAPAPORT MARKET COMMENT Positive sentiment ahead
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.