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Rapaport TradeWire June 7, 2018

Jun 7, 2018 10:41 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
June 7, 2018

JCK show sees fewer participants, but trading reflects healthy US market. Big jewelry brands and top-tier independents adjusting to dynamic retail environment and enjoying 2018 growth. Suppliers maintaining stable prices, with 1 ct. RAPI -0.2% in May. De Beers’ entry into lab-grown diamonds dominates discussions at the show, with industry largely supporting the move to disrupt the synthetics market. Forevermark unveils omni-channel strategy with online sales platform. DPA to launch China campaign in July, shifts US focus to female self-purchasers. Signet 1Q sales +6% to $1.5B, loss of $497M vs. profit of $79M last year. Chow Tai Fook FY sales +15% to $7.5B, profit +33% to $536M.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.16% -0.20% 1.19%
0.50 ct -0.01% 0.42% -5.88%
1.00 ct 0.11% 0.21% -1.02%
3.00 ct -0.66% 0.90% 1.45%
RAPI Yearly Graph
Unique Trade Wire 600X160
Market Reports
United States: Buyers looking for specific items in loose diamonds, while retailers planning fall and holiday season collections...
Belgium: Polished exports up in 2018, with US and Hong Kong fueling growth...
Israel: Emeralds, Ovals and Pears driving fancy shapes...
India: Activity relatively low as May summer break ends and dealers return from Las Vegas...
Hong Kong: Suppliers preparing for this month’s Hong Kong show (June 21 to 24), the smallest of the municipality’s three annual fairs...
Trade Wire 600X160 April 2018
Martin Rapaport Tackles Industry Challenges in Vegas

Martin Rapaport, Chairman of the Rapaport Group, gave his annual “State of the Diamond Industry” address in Las Vegas on Sunday, outlining his concerns about the supply side of the market. Watch the full presentation on

UK Retail Sales Show Highest Growth in 4-Plus Years
Markle’s Jewelry Collection Worth More Than $700,000
Global Diamond Supply Expected to Drop 2.5% in 2018
Maryland Jeweler Closes After Over a Century
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Muted Las Vegas Fairs Come to a Close
Trading reflects steady US market despite slower foot traffic.
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Diamond Prices Stable Through Vegas Shows
RAPI for 1-carat stones declines 0.2% in May.
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DPA to Amplify Female Self-Purchasing Message
Group expanding Real is Rare to China in July.
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Forevermark Unveils New Omni-Channel Strategy
Brand hopes to boost online offering and change in-store model.
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E-Commerce Drives Signet Sales Jump
Addition of James Allen stores was a contributing factor.
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Chinese Recovery Spurs Chow Tai Fook Growth
Revenue rose 15% in the fiscal year.
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KGK Group Acquires Stake in Unique Settings
New York-based company specializes in just-in-time delivery.
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Hong Kong, China See Lift in Luxury
Increased consumer spending and tourism drive April sales in the municipality.
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Royal Asscher Launches First Amsterdam Store
Diamond company partnered with leading high-end Dutch retailer Schapp Citroen.
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Zimbabwe Forecasts Surge in Diamond Output
Production will more than triple to 11 million carats in 2025, says ZCDC.
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Mountain Province Joins CanadaMark Initiative
Partnership enables miner to use Dominion’s certification program for goods from Gahcho Kué.
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Alrosa Sells $14.5M at Israel Auction
Russian diamond producer nets $7,950 per carat for 112 special-size stones.
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Botswana Diamonds’ Kimberlite Find Unviable
Ontevreden pipe proves smaller than expected, but two other South Africa projects show potential.
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WDC Raises Ethical Sourcing with US Govt.
Organization calls for improvement in efforts to combat conflict diamonds.
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Head of Asian Gem Institute Steps Down
Barbara Wheat will take on an international position for the Ho Group.
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MJSA Announces Vision Award Winners
Designer Adam Neeley nabs two prizes, including one for laser distinction.
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Armenian Designer Secures Second Couture Prize
Mike Joseph Jewellery also took home an award in 2015.
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Synova Opens Cutting Center in Mumbai
New micro-machining center will eliminate need for diamond shipment between Surat and Mumbai.
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GIA to Hold Synthetics Detection Seminars
Courses will coincide with gem and jewelry events in Mumbai, London and California.
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‘Diamonds Do Good’ Awards See Record Results
DEF honors De Beers CEO Bruce Cleaver and the government of Canada’s Northwest Territories.
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Diamond Industry Stock Report

US retail stocks gained this week, as Macy’s (+13%) and J.C. Penney (+12%) rose in the wake of Signet (+21%) reporting higher-than-expected first-quarter revenue growth. Chow Tai Fook (+3.2%) also saw shares increase after announcing a jump in annual revenue and profit. Mining companies had a good week overall, with Anglo American (+6%), Gem Diamonds (+7%), Petra Diamonds (+4.1%) and Rio Tinto (+4.4%) all climbing. Stornoway Diamond (-11%) continued to see share prices drop since the devaluation of its Renard mine. Gitanjali Gems (-14%) and PC Jeweller (-18%) continued their descent in light of continued problems in the Indian market following the Nirav Modi and Mehul Choksi scandals. 

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