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Rapaport TradeWire June 28, 2018

Jun 28, 2018 11:48 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
June 28, 2018
RAPAPORT MARKET COMMENT
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Positive sentiment despite sluggish Hong Kong show. Stable US and Chinese demand supporting the market. Suppliers holding polished prices firm as high rough prices squeeze manufacturers’ profit margins. Larger-than-expected $575M June De Beers sight signals robust rough market, with boxes selling at estimated average 3% to 6% premiums. Good polished demand for 1 ct., G-J, VS-SI, RapSpec A2+ diamonds. Buyers shifting to VG as 3X premiums increase. Luk Fook FY revenue +14% to $1.9B, profit +33% to $175M. Israel and Shanghai bourses sign MoU to manufacture large stones in new Ramat Gan factory.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.16% 0.48% 2.55%
0.50 ct 0.05% 0.35% -4.16%
1.00 ct 0.15% 0.65% -0.35%
3.00 ct 0.58% 0.52% 2.24%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
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United States: Shift in consumer interest from bridal to fashion collections...
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Belgium: Fancy colors relatively weak, particularly commercial-quality yellows...
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Israel: Imperfect stones selling at deeper discounts...
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India: Consistent manufacturing to fill shortages and satisfy anticipated third-quarter demand...
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Hong Kong: Market sentiment positive, even though last week’s show failed to boost trading...
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Trade Wire 600X160 April 2018
Episode 7: What Happened in Vegas
WITH The Rapaport Diamond Podcast

The Rapaportteam is back from JCK Las Vegas with stories to share. This month’sRapaport Diamond Podcast reflects on the mood and main events of that keyjewelry fair. The team discusses Martin Rapaport’s vocal challenge of De Beers.And Sonia EstherSoltani, Rapaport’s Editor in Chief, gives an update on the hot new trends atthe high-end Couture show. 

UPS AND DOWNS
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Petra Uses New Technology to Improve Safety at Cullinan
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Mayweather Buys $18M Watch Made of Diamonds
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Monopolies Hurting Marine Diamond Industry
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Jeweler Under Fire for Not Stocking ‘Hers and Hers’ Rings
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Gia Tw Banner E 31 May 2018
WEEKLY NEWS
industry
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Innovate or Die: Why the Industry Is Lagging
Signet CEO Gina Drosos outlines three areas that require creative thinking to advance the diamond and jewelry trade.
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De Beers Sells $575M Amid Strong Demand
Shortages and robust market sentiment support rough sector.
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Israel to Polish Large Diamonds from China
New Ramat Gan factory due to open in January.
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Jewelers Cheer Online-Sales-Tax Ruling
Supreme Court permits US states to collect duty from e-tailers.
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KP Addresses Conflict-Diamond Definition
Reforms will enable “Kimberley Process 2.0,” say trade leaders.
retail
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Alrosa Upbeat on 1Q Diamond Retail Market
Consumer sentiment and currency fluctuations drive 7% growth, miner says.
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Tourism Boosts Luk Fook Results
Sales increased 14%, profit up 33% in the past fiscal year.
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TSL Sales Growth Prompts China Expansion
Hong Kong retailer will open 100 new stores following strong annual results.
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Michael Hill to Shut Emma & Roe
Retailer diverts focus to its core brand.
mining
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Alrosa Brings In $10.5M at Dubai Auction
Miner sells 111 large stones for average of $6,087 per carat.
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Pallinghurst Rebrands as Gemfields Group
Change stems from company’s decision to focus more on colored gemstones.
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Losses Grow at South Africa’s Trans Hex
Company offloading unprofitable Lower Orange River mines.
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Dominion Agrees to Save 150 Ekati Jobs
Miner reaches deal with Canadian workers’ union.
general
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Israel Bourse Ends Cryptocurrency Deal
Regulator rejects Carats.io’s application for diamond-trading license.
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KP Accelerates CAR’s Diamond Exports
Monitoring team agrees to spend just a week clearing shipments from Central African Republic.
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Rapaport Academy Launches Retail-Sales Courses
Online programs help jewelers improve business success.
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Swiss Watch Trade Ticking Along Nicely
Exports up 10% in first five months.
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De Beers Begins Building $94M Synthetics Center
Element Six holds groundbreaking ceremony at Oregon diamond-growing factory.
Rap Ac Student Fritzner 600X160Px June 2018
FINANCE
Diamond Industry Stock Report
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American and Asian retail stocks mainly fell this past week amid concerns of US trade wars on various fronts, with J.C. Penney (-13%) heading the declines. Chow Tai Fook (-8.6%) was the weakest performer in the Hong Kong jewelry market, with Luk Fook (+2.9%) bucking the trend after reporting a jump in profits. Indian shares were sluggish overall, while Alrosa (+3%) led otherwise mixed mining stocks.

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