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Rapaport TradeWire May 31, 2018
May 31, 2018 11:38 AM
By Rapaport
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| May 31, 2018 | | RAPAPORT MARKET COMMENT |  | | 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. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | 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% |  | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | 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... | | |  | | | 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. |  | | | WEEKLY NEWS | | industry | | | | De Beers to Launch Line of Synthetic Diamonds | | Miner promises to transform lab-grown sector with low-cost fashion jewelry. |  | | | 8ct. Blue Sells for $20M at Christie’s | | Jewel goes for $2.6 million per carat at Hong Kong auction. | | | | | GIA Spots Treatment Fraud with 6ct. Polished | | Stone’s falsified inscription made it look untreated. | | | | | Hari Krishna Partners with Blockchain Firm | | Technology will enhance Indian manufacturer’s provenance program, company says. | | | | | Baselworld Chief Resigns After 15 Years | | Michel Loris-Melikoff will succeed longtime managing director Sylvie Ritter. | | | | | retail | | | | Signet Joins De Beers’ Blockchain Trial | | US jeweler will be the first retailer involved in the project. | | | | | Forevermark Opens Boutique in India | | Store launches in collaboration with Indian Gem & Jewellery Creation. | | | | | Hong Kong Boosts Swiss Watch Sector | | Global exports up 14% in April as shipments to the municipality leap 43%. | | | | | Asian Star Sees Revenue and Profit Soar | | Earnings for Indian manufacturer up 65% in past fiscal year. | | | | | US Demand Drives Platinum Sales Jump | | Consumption rose 11% in 2017, trade body says. | | | | | mining | | | | Nirav Modi Crisis Hits Gemfields | | Miner holds back goods from May emerald sale. | | | | | Lerala Mine Sells for $8M | | Unnamed Botswana consortium buys asset at liquidators’ auction. | | | | | general | | | | Canada Bourse to Offer 4Cs Grading | | GIA graduate gemologist Lou Berdusco to provide certification and appraisal services. | | | | | 10ct. Pink Diamond Tops Bonhams Auction | | Ring sells for $606,200, the high end of its pre-sale estimate. | | | | | Jadeite Set Leads Phillips Hong Kong | | The top lot, a necklace and earrings, fetches $2.5M. | | | | | 9ct. Synthetic Stone Sets ‘World Record’ | | VS2-clarity stone is the largest known CVD diamond, producer claims. | | | | | Camilla Dietz Bergeron Dies at 76 | | Estate jeweler was in demand as an appraiser and lecturer. | | | | | Phillips Expands New York Jewelry Team | | Auction house hires Eva Violante as senior specialist and vice president. | | | | | | FINANCE | | 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. | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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