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Rapaport TradeWire July 5, 2018

Jul 5, 2018 11:44 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
July 5, 2018

Diamond market slows as US wholesalers take vacation. Positive sentiment continues after polished prices strengthen in second quarter. 1 ct. RAPI +0.8% in June. Manufacturers upholding discounts as they defend high rough prices. Depreciation of currencies in China and India reducing budgets of local dealers and causing shift in demand to lower qualities. Diamantaires aligning their inventory with retailers’ needs and mining supply, resulting in slightly lower stock levels than this time last year. Improving demand for 0.70 ct., G-J, VS-SI, RapSpec A3+ after extended weak period. Belgium June rough imports -13% to $864M. Botswana’s Okavango joins GIA M2M tracking program.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct 2.72% 3.21% 5.88%
0.50 ct -0.05% 0.31% -2.53%
1.00 ct 0.48% 0.86% 0.60%
3.00 ct -0.16% 0.47% 2.50%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
United States: Stable engagement and bridal sales during summer wedding season...
Belgium: Rough trading stable, but dealers and manufacturers concerned about tight margins between rough and polished...
Israel: Dealers expecting market improvement from September Hong Kong show...
India: Sentiment weaker amid bankruptcy rumors...
Hong Kong: Concern about potential impact of US-China trade dispute...
I Diamnond Anibanner2 Tradewire
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De Beers’ decision to sell synthetic diamond jewelry raises important issues that are fundamental to the future of the natural diamond industry. 

Stop the Lies, Penelope Cruz
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By labeling her new Swarovski jewelry line “sustainable,” the actress joins the list of celebrities spreading misinformation about the ethics of lab-grown diamonds.

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Trade Wire 600X160 April 2018
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Diamond Prices Rise in June
Market sentiment positive after Las Vegas shows.
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Angola to Curb Sodiam’s Control of Rough Sales
Country will allow producers to sell 60% of diamonds to companies of their choice.
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Okavango to Implement GIA’s M2M Tracking
Botswana diamond company will begin offering stones from the program at its July auction.
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Israel Urges India to Reduce Diamond Tax
5% import duty damages trade, says Yoram Dvash.
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Jewelry Sales Up in China and Hong Kong
Tourism and consumer sentiment drive market in the municipality.
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Signet Completes $446M Credit Outsourcing
Deal enables retailer to focus on core business.
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Weak Gold Demand Hits Titan’s 1Q
Sales miss Indian retailer’s target.
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Mayors Sale Saves Birks from Loss
Disposal of jewelry chain boosts group profit by $30 million.
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Rio Tinto Launches ‘As Real as You’ India Campaign
Advertising will highlight Australian diamonds sourced from Argyle mine.
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Alrosa Auction Garners $17M
Vladivostok tender brings in average price of $8,500 per carat.
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Sierra Leone Produces 144ct. Rough
Appraisers value stone at more than $600,000.
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95ct. Diamond Boosts Mountain Province Revenue
Rough stone price sets company record.
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Lucapa’s Mothae Mine Yields 89ct. Yellow
Company recovers diamond during bulk sampling.
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Renard Operations to Resume After Fire
Blaze briefly restricted access to Stornoway asset.
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Mob Invades Gemfields Site in Ethiopia
Staff members flee to safety after 300 to 500 people overrun emerald-exploration center.
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Gem Diamonds Exec Velloza to Leave
Move comes just two months after promotion to deputy CEO.
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Sales and Output Rise at Lucapa
Revenue from Lulo mine up 6% in second fiscal quarter.
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Petra Sells Kimberley Mine for $22M
Ekapa buys company’s 76% stake.
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GIA Grades ‘Largest’ Lab-Grown Pink
CVD diamond weighs 5.01 carats.
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India Seeks Arrest of Winsome Chief
Central Bureau of Investigation asks Interpol for help finding Jatin Mehta.
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World Diamond Congress Set for Mumbai
Event will take place in October.
Gia Tw Banner E 31 May 2018
Diamond Industry Stock Report

Shares in Anglo American (+6%), the owner of De Beers, rose this past week amid speculation of a merger with Vedanta Resources. Alrosa (+8.5%) gained after reports that it was close to acquiring Kristall Smolensk, and benefited further from a Russian stock-market rally ahead of a potential Trump-Putin summit. By contrast, Hong Kong-based jewelers Chow Sang Sang (-4.1%), Chow Tai Fook (-5%) and Luk Fook (-4.4%) slid as fears of a US-China trade war continued and the Chinese yuan lost value. US retailers J.C. Penney (-2.9%), Macy’s (-2%), Signet (-1.9%) and Walmart (-2.8%) also slipped. India’s Asian Star (-8%), Gitanjali Gems (-6%) and PC Jeweller (-6%) dropped amid a weak consumer market.

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