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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
RAPAPORT MARKET COMMENT
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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
RAPNET DIAMOND INDEX (RAPI)
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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
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United States: Positive sentiment after consumer confidence rebounds in May, according to The Conference Board...
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Belgium: Buyers focused on finding bargains, but suppliers holding prices firm, awaiting Vegas show indications...
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Israel: Suppliers looking to assess market conditions at the Las Vegas show in order to prepare inventory effectively for second half of the year...
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India: Volatile rupee-to-dollar exchange rate fueling caution among local dealers...
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Hong Kong: Retail sales get boost from positive local consumer sentiment and return of Chinese tourists...
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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.

UPS AND DOWNS
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Alrosa Using UAVs to Improve Mine Survey Accuracy
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Actress Emily Ratajkowski Designs Fine-Jewelry Line
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Social Media Frowns on New Mental-Health Necklaces
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Zales Customer Complains over ‘Missing’ Diamonds
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Gia Tw Banner E 31 May 2018
WEEKLY NEWS
industry
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News Thumbnail
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.
retail
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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.
mining
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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.
general
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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
FINANCE
Diamond Industry Stock Report
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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.

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