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Rapaport TradeWire May 31, 2018

May 31, 2018 11:38 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
May 31, 2018

Las Vegas shows open with optimistic outlook for US market. Dealer trading and prices stable. Savvy suppliers see the show as networking and branding opportunity. De Beers launches low-priced synthetic jewelry collection aiming to differentiate lab-grown from natural diamonds. Signet joins De Beers Tracr blockchain, while GIA and Chow Tai Fook partner on different blockchain initiative. Christie’s HK sells $72M (64% by lot), with pear, 8.01 ct. fancy vivid blue diamond necklace fetching $20.4M ($2.5M/ct.). New Sierra Leone Minister of Mines Dr. Morie Manyeh to address Rapaport Breakfast at JCK Vegas on Sunday from 8 a.m. Presentation will be broadcast live on Rapaport Facebook. Martin Rapaport publishes “Trump Trade Policy” article.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct 0.08% -0.18% 1.13%
0.50 ct -0.09% 0.19% -6.43%
1.00 ct 0.13% -0.12% -1.10%
3.00 ct 1.47% 1.41% 1.18%
RAPI Yearly Graph
Usny Tw Banner 31 May 2018 Jck Ad
Market Reports
United States: Positive sentiment after consumer confidence rebounds in May, according to The Conference Board...
Belgium: Buyers focused on finding bargains, but suppliers holding prices firm, awaiting Vegas show indications...
Israel: Suppliers looking to assess market conditions at the Las Vegas show in order to prepare inventory effectively for second half of the year...
India: Volatile rupee-to-dollar exchange rate fueling caution among local dealers...
Hong Kong: Retail sales get boost from positive local consumer sentiment and return of Chinese tourists...
Trade Wire 600X160 April 2018
How De Beers Sees Its New Synthetics Business
WITH Joshua Freedman

De Beers is launching a line of low-cost fashion jewelry containing laboratory-grown diamonds, charging retail prices of $800 per carat. Bruce Cleaver, the miner’s CEO, explains to Rapaport News why that’s the right price for synthetics, and why this is a sensible move for a company that has built itself on the allure of natural diamonds.

Alrosa Using UAVs to Improve Mine Survey Accuracy
Actress Emily Ratajkowski Designs Fine-Jewelry Line
Social Media Frowns on New Mental-Health Necklaces
Zales Customer Complains over ‘Missing’ Diamonds
Gia Tw Banner E 31 May 2018
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De Beers to Launch Line of Synthetic Diamonds
Miner promises to transform lab-grown sector with low-cost fashion jewelry.
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8ct. Blue Sells for $20M at Christie’s
Jewel goes for $2.6 million per carat at Hong Kong auction.
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GIA Spots Treatment Fraud with 6ct. Polished
Stone’s falsified inscription made it look untreated.
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Hari Krishna Partners with Blockchain Firm
Technology will enhance Indian manufacturer’s provenance program, company says.
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Baselworld Chief Resigns After 15 Years
Michel Loris-Melikoff will succeed longtime managing director Sylvie Ritter.
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Signet Joins De Beers’ Blockchain Trial
US jeweler will be the first retailer involved in the project.
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Forevermark Opens Boutique in India
Store launches in collaboration with Indian Gem & Jewellery Creation.
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Hong Kong Boosts Swiss Watch Sector
Global exports up 14% in April as shipments to the municipality leap 43%.
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Asian Star Sees Revenue and Profit Soar
Earnings for Indian manufacturer up 65% in past fiscal year.
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US Demand Drives Platinum Sales Jump
Consumption rose 11% in 2017, trade body says.
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Nirav Modi Crisis Hits Gemfields
Miner holds back goods from May emerald sale.
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Lerala Mine Sells for $8M
Unnamed Botswana consortium buys asset at liquidators’ auction.
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Canada Bourse to Offer 4Cs Grading
GIA graduate gemologist Lou Berdusco to provide certification and appraisal services.
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10ct. Pink Diamond Tops Bonhams Auction
Ring sells for $606,200, the high end of its pre-sale estimate.
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Jadeite Set Leads Phillips Hong Kong
The top lot, a necklace and earrings, fetches $2.5M.
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9ct. Synthetic Stone Sets ‘World Record’
VS2-clarity stone is the largest known CVD diamond, producer claims.
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Camilla Dietz Bergeron Dies at 76
Estate jeweler was in demand as an appraiser and lecturer.
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Phillips Expands New York Jewelry Team
Auction house hires Eva Violante as senior specialist and vice president.
600X160 Coffee Copy Jck Breakfast 2018
Diamond Industry Stock Report

Birks Group (+14%) led a strong week for US retail stocks, with Macy’s (+6.3%) and Signet (+4.5) also up. Hong Kong-based Luk Fook (+7.2%) and Chow Tai Fook (+2.1%) rallied Thursday following strong China manufacturing data and an easing of concerns about Italy’s political crisis. In India, PC Jeweller (-12%) fell after reporting mixed quarterly results, while Gitanjali Gems (+27%) continued its rebound after a fraud investigation drove the stock into a trough.

Rapnet Trade Wire
300X300 June Mag
Tradewire Box Melee 300X300 03 06 18
Rap Lab 29 Aug 2017 300X300
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