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Rapaport TradeWire December 20, 2018
Dec 20, 2018 11:32 AM
By Rapaport
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| December 20, 2018 | | RAPAPORT MARKET COMMENT |  | | Positive sentiment in final sales-week before Christmas. Fashion jewelry for self-empowered women driving growth. Polished trading quiet as US and Belgium firms close for holidays. Dealers hoping strong US shopping will stimulate wholesale demand in the first quarter. Chinese jewelers preparing for Feb. 5 Lunar New Year. Indian manufacturers cautious, with factories below capacity after India’s Nov. rough imports -52% to $929M. Rough market quiet, despite relatively large $540M Dec. sight. De Beers 2018 rough sales estimated +2% to $5.4B. Dominion recovers 553 ct. yellow diamond at Diavik mine. Chow Tai Fook joins Tracr blockchain program. Rapaport wishes everyone happy holidays. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -2.31% | -3.69% | 0.11% | | 0.50 ct | -0.49% | -0.88% | 3.37% | | 1.00 ct | -0.16% | -0.38% | 1.51% | | 3.00 ct | -1.66% | -1.43% | -4.15% |  | | 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: Consumers optimistic that 2019 tax cuts will raise disposable income, but Fed interest-rate hikes may slow growth... |  |  | Belgium: Dealers focused on trading rather than supplying European and US jewelers... | | |  | Israel: Large inventory of 0.30 ct. goods available compared to same time last year... | | |  | India: Cautious sentiment amid rumors of further bankruptcies and job cuts among manufacturers... | | |  | Hong Kong: Jewelers have high hopes for sales during Chinese New Year shopping season... | | |  | | | Martin Rapaport New Year Message |  |  | | | Scandal, Synthetics and No-Shows |  | | WITH The Rapaport Diamond Podcast | The latest Rapaport Diamond Podcast looks back at some of the key themes and stories that shaped the year for the industry. Did they include lab-grown diamonds? You bet. |  | | | Top 10 Stories of 2018: A Year of Lab-Grown Diamonds |  | | WITH Joshua Freedman | De Beers and synthetics — plus De Beers’ synthetics — dominated the news in 2018. Here, we recap the 10 most-read stories of the year on Diamonds.net. | | | | | WEEKLY NEWS | | industry | | | | Lesedi La Rona May Once Have Been 2,774ct. | | Five stones from the Karowe mine were probably from the same rough, GIA theory suggests. |  | | | Chow Tai Fook Joins De Beers Blockchain | | Tracr platform now has world’s two largest diamond retailers on board. | | | | | Baselworld, SIHH Synchronize 2020 Dates | | The two watch shows will occur back-to-back from that year onward. | | | | | Pink Synthetic Displays Rare Treatment | | Low Pressure-High Temperature technique is unusual in CVD stones, lab says. | | | | | retail | | | | US Boosted 3Q Jewelry Sales, Says Alrosa | | North American market grew 4% for the period. | | | | | Mobile Shopping Drives Jump in Online Buying | | E-commerce up 19% in first five weeks of holiday season, says Adobe. | | | | | Chow Tai Fook to Accept WeChat Payments | | Retailer signs deal with online giant Tencent. | | | | | mining | | | | De Beers Sales Rise After Diwali Break | | December proceeds up 22% from November and 19% from a year ago. | | | | | Dominion Recovers 553ct. Yellow | | Miner says it’s the largest rough diamond on record found in North America. | | | | | Lucapa Sells Mothae Rough for up to $15K/ct. | | Diamonds were from initial bulk sampling at new Lesotho asset. | | | | | general | | | | India’s Diamond Trade Slows in November | | Polished exports lowest since aftermath of 2016 demonetization. | | | | | Belgium Sees Monthly Exports Falter | | November polished shipments down 11% amid lower average price. | | | | | HRD to Open First Middle East Jewelry Lab | | Antwerp group’s grading center will be in Dubai’s Almas Tower. | | | | | Swiss Watch Shipments Sped Up in November | | Industry records fastest growth rate in two years. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Markets fell this past week following weak Chinese and European growth data and the US Federal Reserve’s decision to raise interest rates. J.C. Penney (-14%) headed the retail declines, while Tiffany (-10%) and Signet (-9%) also lost ground. Hong Kong stocks slid, too, with Luk Fook (-6%) suffering the heaviest drop. Pandora (-11%) trailed European shares. Mountain Province (+9%) bucked the trend after BMO Capital Markets reportedly reiterated its rating for the stock. | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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