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Rapaport TradeWire November 22, 2018

Nov 22, 2018 10:14 AM   By Rapaport
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Rapaport TradeWire
November 22, 2018
RAPAPORT MARKET COMMENT
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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.

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RAPNET DIAMOND INDEX (RAPI)
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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%
RAPI Yearly Graph
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Market Reports
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United States: Strong emphasis on improving online platforms for holiday season...
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Belgium: Dealers hoping HRD/AWDC agreement to sell on Alibaba will boost China exposure...
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Israel: Diamonds above 2 ct. firm, with good demand for I1s...
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India: Good market for VVS ahead of upcoming wedding season...
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Hong Kong: Trading slower than this time last year, but dealers expect pickup ahead of Chinese New Year...
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Trade Wire 600X160 April 2018
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?

UPS AND DOWNS
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Australian Jeweler Reselling Sotheby’s “Tenner” Diamond
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Tiffany’s New Artistic Director is Revitalizing the Company
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Singer Toni Braxton Loses $5M Ring on Plane
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Ex-UK Reality Star Involved in Diamond Investment Scam
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WEEKLY NEWS
industry
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Leviev Employee Reportedly Commits Suicide
Bookkeeper jumped from office in Israel bourse, according to media.
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Colored Diamonds Lead $60M Sotheby’s Sale
Fancy-light-pink stone goes for $7.4 million in Geneva.
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Hong Kong’s TSL Fears Trade-War Impact
Half-year sales rise, but tariff dispute threatens outlook.
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Swiss Watch Exports Rebound in October
Shipments of timepieces priced above $3,000 see largest increase.
mining
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De Beers Sales Slip to $440M
Miner reduces prices of lower-value rough at November sight.
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Alrosa Exits Botswana Exploration Project
Russian producer sells 50% stake in Sunland Minerals.
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Gemfields Auctions Off 5,655ct. Emerald
India-based Dia-Color purchases Inkalamu stone for undisclosed amount.
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Jwaneng Chief to Head Debswana
Albert Milton will succeed retiring managing director Balisi Bonyongo.
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Large Stones Drive Mountain Province Tender
Company also notes improvement in demand for small rough.
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Sales Deferral Hits Lucapa Proceeds
Miner holding back seven large diamonds until Angolan reforms take effect.
general
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Sotheby’s to Offer 11ct. Blue in NY
Pear-shaped diamond carries high estimate of $30 million.
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India Polished Exports Rise in October
Volume and average price increase.
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Hong Kong Polished Imports Climb
Muncipality sees growth in shipments from India and the US.
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18ct. Diamond to Lead Bonhams Auction
Company expects stone to fetch up to $600,000.
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FINANCE
Diamond Industry Stock Report
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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.

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