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Rapaport TradeWire October 25, 2018

Oct 25, 2018 10:32 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
October 25, 2018

Polished trading improving, with US holiday orders driving sales. Buyers looking for bargains in Mumbai as weak currency and tighter bank lending put pressure on Indian dealers. Surat factories closing early for Diwali, with large inventories of melee and 30-pointers. Innovative jewelers gaining market share as JBT reports 226 businesses closed and 51 opened in 3Q. China/Hong Kong jewelry retail better than expected, with gold sales driving Chow Tai Fook 2Q double-digit growth. Rough trading slow. Alrosa sales volume -11% to 6.7M cts., production +2% to 10.5M cts. De Beers sales volume -28% to 5M cts., production -5% to 8.7M cts. Lucara to launch sales using Clara system.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.53% -2.01% 4.73%
0.50 ct -0.34% -0.70% 4.20%
1.00 ct -0.27% -0.81% 0.78%
3.00 ct 0.00% -0.01% -1.41%
RAPI Yearly Graph
Usny Tw Oct 14 2018
Market Reports
United States: Demand firm for large diamonds in lower qualities...
Belgium: Rough market cautious as inventory levels rise before Diwali...
Israel: Dealers to sell to Chinese consumers through AliExpress...
India: Small stones slow, but VVS stars and melee better...
Hong Kong: Jewelers holding large inventory and avoiding bulk purchases due to unfavorable exchange rates...
17 Oct 2018 Trade Wire Banner C Zvi Yehuda
Podcast: What the Sears Failure Means for You
WITH John Costello

In the latest Rapaport Diamond Podcast, the editorial team discusses the bankruptcy of retail giant Sears Holdings Corp., and what the jewelry industry has to fear. We also look at what jewelers need to do to attract business in the holiday season, and interview Aleah Arundale, founder of successful Facebook group Jewelers Helping Jewelers. Plus: After the Gemological Institute of America (GIA) named a new mineral crowningshieldite, what would you call a chemical compound if you discovered one?

Surat Diamond Firm Gifts Employees Cars for Diwali
Cristiano Ronaldo Wears $1.5M Diamond Watch
Man Sentenced for Beating Woman for $10M in Diamonds
Rare Emeralds and Gold Swiped from North Carolina Mine
Trade Wire 600X160 April 2018
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US Jewelry Trade Shrinks by Nearly 5%
226 companies close in third quarter, while 51 open, says JBT.
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More Brands Quit Baselworld 2019
Raymond Weil, Corum and Maurice Lacroix follow Swatch Group’s example.
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Violence Limiting CAR Diamond Exports
Massacres continue to plague nation’s eastern region.
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Brexit Could Halt UK Rough Trade
Failure to agree on EU deal would jeopardize country’s KP membership, government warns.
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ICICI Bank Sues Shrenuj Executives
Indian lender alleges complex loan fraud at manufacturer and its subsidiaries.
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Rosy Blue Objects to Sears Sell-Off Plan
Supplier concerned bankrupt retailer may liquidate its consignment goods.
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Kering Posts Strong Jewelry Performance
New collections and extended lines from Boucheron, Pomellato and Qeelin drive growth.
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Hong Kong Jewelers See Revenue Spike
Consumer demand and low gold price raise performance at Chow Tai Fook and Luk Fook.
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Ex-Tiffany Exec Joins Louis Vuitton
Catherine Lacaze also worked at Harry Winston and Cartier.
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Holiday Spending to Rise Despite Tariffs
Consumers will shell out 4% more this season than a year ago.
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De Beers Production and Sales Slide
Scheduled mine adjustments result in 5% decline in third-quarter output.
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Shift to Larger Diamonds Boosts Alrosa
Average price of gem-quality rough jumps 18% in third quarter.
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Lucara to Hold Debut Sale on Clara Platform
Digital system will complement miner’s existing tenders.
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Indian Slowdown Dents Mountain Province Sales
Weaker rupee and low seasonal demand lead to drop.
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Higher-Value Stones Lift Petra Revenue
Sales up 22% in first quarter.
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Lucapa Prepares to Sell Mothae Diamonds
Miner to launch commercial production in November.
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CIBJO Urges Diamond Consultation with FTC
Delegates at Bogotá congress call for clearer message to consumers.
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Lozenge Emerald Sweetens Sotheby’s Sale
11-carat gemstone fetches more than double its estimate.
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‘Diamonds Are a Girl’s Best Friend’ Nets $50K
Owner of Marilyn Monroe estate buys trademarks that belonged to Nirav Modi companies.
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Carat+ Postpones 2019 Show
Organizers cite lack of interest from exhibitors and visitors.
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First Chinese Retailer Joins GIA’s M2M
Laelim partners with IGC Group on the diamond-tracking project.
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Swiss Watch Exports See First Drop in 18 Months
Shipments down 7% in September.
Gia Tw Banner E 31 May 2018
Diamond Industry Stock Report

Trade-war fears continue to plague US and Hong Kong retail stocks, with J.C. Penney (-7%), Signet (-12%), Tiffany (-4.7%) and Chow Sang Sang (-9%) all down. Kering (+3.5%) shares rose after the company reported positive third-quarter results. Mining shares were also negative, with Gem Diamonds (-14%) falling as concern over Brexit grew, and Stornoway Diamond (-11%) continuing its descent following weak results.

Rapnet Trade Wire
Tradewire Square Late October Single Stone Revised
15 Aug 2018 Rap Net Instant Inventory
300X300 Cover 72Dpi
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