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Rapaport TradeWire September 13, 2018

Sep 14, 2018 1:04 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
September 13, 2018
RAPAPORT MARKET COMMENT
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Hong Kong fair opens to steady traffic. Suppliers hoping Chinese demand will return after slowdown of past few months. Buyers focused on 0.30 to 1 ct., D-J, VS-SI GIA-graded diamonds, and testing price levels at start of the show. Melee weak. De Beers lets sightholders defer small and lower-value rough at $505M sight. Alrosa Aug. sale +14% to $295M amid shift to higher-value goods. Rough premiums fall to between 2% and 3% on secondary market. De Beers estimates 2017 global rough sales +2% to $16.6B, production +15% to $17.5B, diamond-jewelry demand +2% to $82B. Insight report notes millennials and Gen Z account for two-thirds of demand. Chinese firm Fosun buys 80% of IGI.

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RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.33% -1.29% 6.64%
0.50 ct -0.11% -0.43% 2.47%
1.00 ct 0.08% -0.43% 0.83%
3.00 ct -0.05% 0.22% -0.96%
RAPI Yearly Graph
Usny Tw 600X160 19 Jul 2018 General
Market Reports
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United States: Jewelers modernizing their marketing with focus on omni-channel platforms...
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Belgium: Rough sector cautious after De Beers sight, with boxes selling at lower premiums on the secondary market...
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Israel: Trading in Ramat Gan quiet, with many suppliers exhibiting at the Hong Kong show...
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India: Dealers and manufacturers cautious due to high rough prices, reduced bank lending and weaker rupee...
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Hong Kong: Concerns about impact China-US trade war will have on consumer spending...
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Hong Kong and the Holidays
WITH The Rapaport Diamond Podcast

The most wonderful time of the year is nearly upon us! It’s holiday stocking season, but with a trade storm brewing between the US and China, will this quarter be as rewarding as it’s been in the past? Meanwhile, the rosy results of retail giants Signet and Tiffany are up for debate. Plus, what is the Rapaport crew up to for the holidays?

UPS AND DOWNS
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Indian Retailers Predict Strong Festive Sales
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Inhorgenta Munich’s Exhibitor Numbers Up for 2019
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Jewelry-Designer Wife of Dolphins Owner Sued
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Trans Hex Sells Head Office to Fund Operations
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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China’s Fosun Buys 80% of IGI
Deal with huge conglomerate will accelerate global expansion, says grading lab.
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Millennials and Gen Z Dominate Diamond Demand
Younger age groups represent two-thirds of 2017 sales, says De Beers.
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Baselworld Looks to Reduce Prices
Cost of attending “crossed the pain threshold for many people,” says show’s CEO.
retail
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Richemont Enjoys Sparkling Jewelry Results
Jérôme Lambert joins luxury group as CEO.
mining
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De Beers Allows Deferrals at $505M Sale
Clients ask to delay purchases of lower-value goods.
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Zimbabwe Miner Murowa Joins DPA
Company’s chief operating officer will sit on association’s board.
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Large Stones Keep Mountain Province on Track
August sale achieves average price of $65 per carat.
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High-Value Rough Demand Boosts Alrosa Revenue
Sales rise 14% in August.
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Tango Takes On Two New Mines
Company acquires Liberia asset and will finance Angola alluvial project.
general
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De Beers Grading Unit Launches Courses in China
IIDGR partners with National Gemstone Testing Center.
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DPA Chief Marketing Officer Exits
Deborah Marquardt has been with the organization since 2016.
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FINANCE
Diamond Industry Stock Report
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Global equities improved on news of potential trade talks between the US and China. J.C. Penney (+5%) led retail stocks on Wall Street, with Signet (+4.3%) also up and Tiffany (+3.3%) gaining after it received an upgrade from analysts at Oppenheimer. Chow Tai Fook (+7.5%) was the strongest performer in the Far East. A positive review from BMO Capital Markets boosted Stornoway Diamond (+13%).

Rapnet Trade Wire
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Tradewire Box September 4
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