|
Rapaport TradeWire November 22, 2018
Nov 22, 2018 10:14 AM
By Rapaport
|
|
November 22, 2018 | RAPAPORT MARKET COMMENT | | Polished market stable as jewelers complete holiday orders. Outlook optimistic for season, but stock-market volatility may impact luxury spending after Dow slumps 3.7% during Thanksgiving week. Mall-based retailers discounting to compete with online Black Friday deals. Prices of small polished weak. Manufacturing margins tight, despite recent rough price cuts. De Beers Nov. sight valued at $440M. Hong Kong jewelers concerned about trade war and weak yuan currency. Sotheby’s Geneva garners $60M, with cushion, 21.19 ct., fancy-light-pink, VVS2 diamond selling for $7.4M ($347,601/ct.). The Rapaport Group wishes all our friends a happy Thanksgiving and a successful holiday season. | | RAPNET DIAMOND INDEX (RAPI™) | | | Weekly | Monthly | Y2Y | 0.30 ct | -0.12% | -0.29% | 4.31% | 0.50 ct | 0.04% | 0.05% | 4.77% | 1.00 ct | -0.05% | 0.24% | 1.62% | 3.00 ct | 0.36% | -1.24% | -3.59% | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | Market Reports | | | United States: Strong emphasis on improving online platforms for holiday season... | | | Belgium: Dealers hoping HRD/AWDC agreement to sell on Alibaba will boost China exposure... | | | Israel: Diamonds above 2 ct. firm, with good demand for I1s... | | | India: Good market for VVS ahead of upcoming wedding season... | | | Hong Kong: Trading slower than this time last year, but dealers expect pickup ahead of Chinese New Year... | | | | Miner Miscommunication: A Lack of Clarity | | WITH Joshua Freedman | Why do diamond producers seem to have such trouble speaking in terms the average person can understand? | | | WEEKLY NEWS | industry | | Leviev Employee Reportedly Commits Suicide | Bookkeeper jumped from office in Israel bourse, according to media. | | | Colored Diamonds Lead $60M Sotheby’s Sale | Fancy-light-pink stone goes for $7.4 million in Geneva. | | | Hong Kong’s TSL Fears Trade-War Impact | Half-year sales rise, but tariff dispute threatens outlook. | | | Swiss Watch Exports Rebound in October | Shipments of timepieces priced above $3,000 see largest increase. | | | mining | | De Beers Sales Slip to $440M | Miner reduces prices of lower-value rough at November sight. | | | Alrosa Exits Botswana Exploration Project | Russian producer sells 50% stake in Sunland Minerals. | | | Gemfields Auctions Off 5,655ct. Emerald | India-based Dia-Color purchases Inkalamu stone for undisclosed amount. | | | Jwaneng Chief to Head Debswana | Albert Milton will succeed retiring managing director Balisi Bonyongo. | | | Large Stones Drive Mountain Province Tender | Company also notes improvement in demand for small rough. | | | Sales Deferral Hits Lucapa Proceeds | Miner holding back seven large diamonds until Angolan reforms take effect. | | | general | | Sotheby’s to Offer 11ct. Blue in NY | Pear-shaped diamond carries high estimate of $30 million. | | | India Polished Exports Rise in October | Volume and average price increase. | | | Hong Kong Polished Imports Climb | Muncipality sees growth in shipments from India and the US. | | | 18ct. Diamond to Lead Bonhams Auction | Company expects stone to fetch up to $600,000. | | | | FINANCE | Diamond Industry Stock Report | | Global equities fell this week amid a sell-off of technology stocks and concerns about upcoming holiday sales. There were declines at US retailers Signet (-6%) and Walmart (-7%), as well as Hong Kong-based Chow Sang Sang (-3.4%), Chow Tai Fook (-2.3%) and Luk Fook (-2.2%). J.C. Penney (+8%) recovered some ground after sliding last week. Mid-market miners were a mixed bag, with Stornoway Diamond (+13%) and Mountain Province (+4.8%) gaining, and Firestone Diamonds (-11%) going down. | | | Contact Us | | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|