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Rapaport TradeWire November 22, 2018

Nov 22, 2018 10:14 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
November 22, 2018

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.

Iidgr Tw Banner Jan 2018
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
Usny Tw Oct 14 2018
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...
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?

Australian Jeweler Reselling Sotheby’s “Tenner” Diamond
Tiffany’s New Artistic Director is Revitalizing the Company
Singer Toni Braxton Loses $5M Ring on Plane
Ex-UK Reality Star Involved in Diamond Investment Scam
Gia Tw Banner E 31 May 2018
News Thumbnail
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.
News Thumbnail
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.
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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.
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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.
Rap Acad Trade Wire Banner 600 X160 Other Courses 112218 2 Digital V2
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.

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