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Rapaport TradeWire November 15, 2018

Nov 15, 2018 10:36 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
November 15, 2018
RAPAPORT MARKET COMMENT
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Polished trading stable in 1 ct. and larger, with dealers optimistic for Black Friday and holiday season. Record Alibaba Singles’ Day (11/11) sales of $30.8B boost outlook for e-commerce, despite concerns US-China trade war will impact consumer spending. Rough market cautious. De Beers cuts prices of small, low-quality goods by 5% to 15% amid slump in demand for and prices of polished melee. Christie’s Geneva garners $110M (86% by lot), with rectangular, 18.96 ct., fancy-vivid-pink, VS1 diamond selling to Harry Winston for $50.4M ($2.7M/ct.). Sotheby’s Geneva Royal Jewels sale fetches $53M (100% by lot), with Marie Antoinette pearl-and-diamond pendant going for $36.2M.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.08% -0.85% 4.39%
0.50 ct 0.12% -0.44% 4.26%
1.00 ct 0.31% -0.18% 1.46%
3.00 ct -0.41% -1.35% -3.63%
RAPI Yearly Graph
Usny Tw Oct 14 2018
Market Reports
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United States: Fancy-color diamonds for high-end fashion jewelry selling well...
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Belgium: Dealers selling mainly to the US and China, with lower presence of Israeli and Indian traders...
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Israel: Fancy shapes doing well, with 1.50 ct. pear shapes standing out as the strongest item...
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India: Surat factories to remain closed or operate at low capacity...
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Hong Kong: Positive sentiment after Alibaba’s record online Singles’ Day sales, with jewelers preparing omni-channel offering for holidays...
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Trade Wire 600X160 April 2018
UPS AND DOWNS
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Happy Consumers More Likely to Come to Stores
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Zimbabwe Courts International Buyers in Belgium
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Proposed Conflict-Diamond Definition Riles African Govts.
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How China Tariffs May Impact Holiday Shopping
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WEEKLY NEWS
industry
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Christie’s 19ct. Pink Legacy Fetches $50M
Harry Winston purchases record-setting diamond.
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Marie Antoinette Pendant Sells for $36M
Jewel smashes high estimate of $2 million at Sotheby’s.
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Mumbai Exchange Mulls Lifting Synthetics Ban
Detection has improved since 2015 order, says Bharat Diamond Bourse.
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WDC Issues Definition of Conflict Diamonds
Proposed wording addresses wider range of human-rights abuses.
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14ct. Diamond Prompts Bidding War at Fellows
Stone fetches more than double its estimate at UK sale.
retail
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Graff Unveils Polished from 1,109ct. Lesedi La Rona
Jeweler plans to produce 60 diamonds from the rough stone.
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Richemont Sales Up Despite Asia Concerns
Cartier owner notes volatile consumer demand.
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Buffett-Owned Ben Bridge Names New CEO
Lisa Bridge will succeed father Ed.
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Titan Revenue and Profit Increase
Jewelry business picks up after softer patch earlier in the year.
mining
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De Beers Cuts Prices of Cheaper Rough
Move is response to slump in Indian manufacturing sector.
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Stornoway Names Patrick Godin as CEO
Miner reports loss of $28.5 million in third quarter.
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Mountain Province Holds Back Dividend
Prices drop for lower-value stones.
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Indian Weakness Dents Alrosa Sales
Revenue down 28% in October.
general
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NGOs Slam Industry’s Human-Rights Efforts
Reformed System of Warranties casts ethical behavior as “voluntary,” say groups.
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Sotheby’s to Sell Sinatras’ 21ct. Diamond
Frank proposed to wife-to-be Barbara with this engagement ring in 1976.
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CAR Appeals for Wider Diamond Clearance
Country wants Kimberley Process to approve additional zones for rough exports.
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8ct. Bulgari Blue Diamond to Lead Christie’s NY
December auction also features polished originating from 187.63-carat Diavik Foxfire.
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24ct. Diamond to Head Up Bonhams Auction
Internally flawless stone estimated at up to $2.3 million.
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Sarine Weathers 3Q Market Slump
Sales rise despite weak Indian demand for its cutting equipment.
November Magazine 600X160 Mag 72Dpi
FINANCE
Diamond Industry Stock Report
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Retail stocks had a tough week as disappointing earnings at J.C. Penney (-19%) sent its shares tumbling. Macy’s (-11%) fell despite raising its sales outlook, while Signet (-7%) also slipped. Cautious remarks about the consumer market from Richemont (-10%) set luxury stocks on a downward spiral, with Tiffany (-10%) and Swatch Group (-6%) both suffering. Continued weak demand for lower-value rough hit Mountain Province (-21%) and Stornoway Diamond (-20%), while Lucara Diamond (-9%) dropped after its profit slumped. India’s Titan (+8%) rose following promising results.

Rapnet Trade Wire
15 Aug 2018 Rap Net Instant Inventory
11 Jul 2018 Rap Ac Digital 300X300Px Static
Trade Wire Square November Melee
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