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Rapaport TradeWire September 6, 2018

Sep 6, 2018 11:21 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
September 6, 2018

Diamond industry focused on important Hong Kong fair, hoping the recovery in Far East jewelry retail will continue amid trade tensions and weaker currencies. Dealer trading slow, with softer prices during summer slowdown as 1 ct. RAPI -0.5% in August. Rough demand cautious, with lower premiums on secondary market. Gem Diamonds 1H revenue +81% to $168M, profit of $24M vs. loss of $3M last year. Hong Kong 1H polished imports +4% to $9.7B, exports flat at $6.7B. Equity firm Epiris buys Bonhams auction house. Rapaport offices will be closed on Monday and Tuesday (September 10-11) due to Rosh Hashanah. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.36% -1.18% 6.65%
0.50 ct -0.18% -0.62% 2.19%
1.00 ct -0.37% -0.54% 0.86%
3.00 ct -0.49% -0.12% 0.60%
RAPI Yearly Graph
Usny Tw 600X160 19 Jul 2018 General
Market Reports
United States: Major jewelers optimistic for fourth-quarter holiday season, with marketing focus on fashion diamond jewelry...
Belgium: Gap widening between buyers’ offers and suppliers’ asking prices...
Israel: Quiet expected in local market starting next week, from Jewish New Year through Sukkot festival, which ends October 1...
India: Drop in demand for small polished diamonds evident in rough market at De Beers sight...
Hong Kong: Business improving ahead of next week’s show...
Hrd Tw Banner Sept 2018 D Tect
Brexit Concerns Weigh on UK Jewelers
WITH Joshua Freedman

The weak pound and uncertainty over the UK’s departure from the European Union are making it hard for British jewelers to plan their business activities, dealers reported at this week’s International Jewellery London.

World’s Oldest Jewelry House Unveils Innovative Necklace
Frontier Diamonds Finds 111ct. Rough in South Africa
Nirav Modi Scandal Has Blunted Trade’s Competitive Edge
Retailer Receives Threats over ‘Take a Knee’ Billboard
Trade Wire 600X160 April 2018
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Diamond Prices Soften Ahead of Hong Kong Fair
1-carat RAPI down 0.5% in August.
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India’s Union Bank Leaves Antwerp
Diamond division did not generate expected business, says CEO.
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Auctioneer Bonhams Finds New Owner
Private-equity firm Epiris acquires company for undisclosed amount.
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Trustee to Sell Off Modi’s US Assets
Items include trademark “Diamonds Are a Girl’s Best Friend.”
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Hong Kong Polished Imports Rise in First Half
Inbound shipments grow 4% during January-to-June period.
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Signet Open to Lab-Grown Diamonds
CEO Gina Drosos sees potential in synthetics for fashion jewelry.
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Pandora Takes Top Spot for Responsible Sourcing
Morgan Stanley rating places jeweler ahead of Kering, LVMH and Richemont.
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India to Surpass US in 2018 Jewelry Sales
Key market has grown 74% in the past five years, researchers claim.
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Large Stones Prove Profitable for Gem Diamonds
Sale of 910-carat Lesotho Legend boosts miner’s first-half earnings.
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Stornoway Completes Renard Underground Mine
Ore removal now above plan after slow transition through second quarter.
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POZ Minerals to Bid for Ellendale
Newcomer looks to create niche operation for yellow diamonds.
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Diamcor Loss Deepens in First Quarter
Lower revenue and average price hit miner’s figures.
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11ct. Purple to Lead Alrosa Hong Kong Sale
Miner will present collection of colored stones at upcoming jewelry show.
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UK Jewelry Body Eyes Role as Trade Police
National Association of Jewellers aims to obtain enhanced status as “primary authority.”
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Rare Pink Diamond to Go Under the Hammer
Bonhams sale will also include tiara belonging to Churchill family.
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Firm Launches Japan’s First Synthetics Production
Pure Diamond eyes annual output of 24,000 carats.
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Alrosa, NCDIA Asia Host Colored-Diamond Seminar
Rapaport’s Avi Krawitz will moderate the event.
Gia Tw Banner E 31 May 2018
Diamond Industry Stock Report

Signet (+14%) and Gem Diamonds (+7%) climbed after reporting strong half-year results. European stocks tumbled due to renewed trade concerns, with Kering (-10%), LVMH (-9%), Swatch Group (-9%) and Richemont (-6%) all falling. Canada-based Birks Group (-13%) and Mountain Province (-6%) also dropped after President Donald Trump threatened to cut the US’s neighbor from NAFTA.

Rapnet Trade Wire
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Tradewire Box September 4
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