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Rapaport TradeWire September 27, 2018

Sep 27, 2018 7:38 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
September 27, 2018

Diamond market quiet over Jewish holidays and Hong Kong Moon festival. Mixed expectations for Oct. 1 Golden Week, as consumer sentiment reflects impact of US-China trade war and yuan currency depreciation (-9.5% since April 1 to $1/CNY 6.88). India remains slow, particularly for low-value, small diamonds. Steady demand for 0.30 to 1 ct., D-J, SI, RapSpec A3+ goods. De Beers starts sales of lab-grown collection. Bonhams sees strong prices at NY auction, with emerald-cut, 23.13 ct., I, I1 Harry Winston ring selling for $444,500 ($19,217/ct.). Christie’s expects $30M to $50M for rectangular, 18.96-carat, fancy-vivid pink at Nov. Geneva sale. Andrew Bone to step down as CEO of the RJC. 

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Weekly Monthly Y2Y
0.30 ct -0.41% -2.05% 6.54%
0.50 ct -0.08% -0.82% 2.87%
1.00 ct -0.40% -0.94% 0.32%
3.00 ct 0.38% -0.04% -1.28%
RAPI Yearly Graph
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Rapaport World Tour – Asia & Sierra Leone
WITH Martin Rapaport

In celebration of the 40th anniversary of the Rapaport Price List, the Rapaport Group is presenting a world tour featuring a series of lectures by Martin Rapaport. Martin will be attending the GIA Symposium in Carlsbad, California, and then visiting the following destinations:

Tokyo – Oct. 11-16

Seoul – Oct. 16-18

Taipei – Oct. 18

Hong Kong – Oct. 19-23

Mumbai – Oct. 23-25

Singapore – Oct. 26-29

Bangkok – Oct. 30-31

Freetown, Sierra Leone – Nov. 6-13

While Martin’s schedule is very tight, he may have time to meet a limited number of friends. Email:

‘Costume Jewelry’ Turns Out to Be $3.3M Diamond
World’s Most Expensive Diamond and Gold Shoes
Indian Banks Squeeze Loans to Diamantaires
US, China Ramp Up Trade War, Send Stocks Plunging
Trade Wire 600X160 April 2018
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19ct. Pink Could Set Records
Rectangular-cut stone is estimated at $30 million to $50 million.
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Emerald Diamond Beats Estimates at NY Auction
Harry Winston piece belonging to Kathrine Domyan sells for $445,500.
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De Beers Launches African Women's Program
Miner will support more than 1,200 female entrepreneurs in partnership with UN.
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Amazon Applies for Jewelry-Line Patent
“For Keeps” would be used for online retail sales.
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Indian Ad Campaigns Target Millennial Women
Jewelry marketing efforts aim to reach modern, independent consumers.
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New CEO to Lead Michael Hill
Daniel Bracken is currently head of Australia’s Specialty Fashion Group.
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New Find to Add Life to Gahcho Kué
Kimberlite discovery could increase mine’s production by 2.2 million to 4.2 million carats.
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Prices Strong at Alrosa Large-Stone Auctions
A selection of 81 rare diamonds will also go under the hammer in New York.
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Andrew Bone to Leave RJC
Membership at the organization doubled under his leadership.
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Lower-Value Swiss Watches Dent Exports
Shipments of timepieces priced under CHF 500 fell 10% in August.
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Diamond Industry Stock Report

European stocks traded higher, with both LVMH (+4%) and Kering (+2.6%) gaining ahead of the US Federal Reserve decision to raise interest rates. That, along with the imposition of the largest set of tariffs yet in the US-China trade war, dented both US and Hong Kong retail stocks, with J.C. Penney (-5%), Macy’s (-1.9%), Signet (-2.1%) and Chow Sang Sang (-2.7%) all falling. Mining stocks also took a tumble this week: Lucapa Diamond (-2.1%), Lucara Diamond (-8%), Stornoway Diamond (-5%), Firestone Diamonds (-7%) and Gem Diamonds (-2%) shares all dropped.

Rapnet Trade Wire
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Tradewire Box October Melee Qp Rescheduled Auctions
Rap Lab 29 Aug 2017 300X300
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