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Rapaport TradeWire December 27, 2018
Dec 27, 2018 10:59 AM
By Rapaport
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| December 27, 2018 | | RAPAPORT MARKET COMMENT |  | | US consumer confidence positive, despite volatile stock markets, government shutdown, and rising interest rates. Holiday jewelry sales +3.7% and overall retail +5.1%, driven by effective omni-channel strategies, according to Mastercard SpendingPulse. Online shopping surges 19% as Amazon sees record season. Diamond market quiet, with Belgium and US dealers closed for the holidays. Industry consolidation accelerates as Eurostar enters administration, Alrosa set to acquire Kristall, and Niru Group incorporates EZ Diamonds’ business for goods below 0.70 ct. US Oct. polished imports +28% to $2.3B. The Rapaport Group wishes everyone a happy, healthy, prosperous and peaceful New Year.
| | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.68% | -4.14% | -0.86% | | 0.50 ct | -0.09% | -1.20% | 3.24% | | 1.00 ct | -0.13% | -0.62% | 1.21% | | 3.00 ct | -0.42% | -1.74% | -3.64% |  | | 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: Focus on retail, with steady last-minute Christmas shopping... |  |  | Belgium: Polished and rough trading very quiet, with dealers on vacation during the Christmas to New Year period... | | |  | Israel: Dealers waiting for memo returns to assess inventory needs... | | |  | India: Rough market seasonally quiet, with factories maintaining steady below-capacity production until the New Year... | | |  | Hong Kong: Retail relatively busy, with steady tourist arrivals reported over Christmas week... | | |  | | | De Beers’ Lightbox Chief Reveals 2019 Plans |  | | WITH Joshua Freedman | Steve Coe, the synthetics brand’s managing director, talks about strategies and designs for next year and beyond. |  | | | WEEKLY NEWS | | industry | | | | Holiday Jewelry Sales Rise 4% | | Revenues from all retail categories up 5%, says Mastercard. |  | | | Eurostar Enters Administration as Debts Mount | | Belgian courts appoint lawyers to take control of Antwerp-based manufacturer. | | | | | Niru Group, EZ Diamonds Join Forces | | Partnership brings together two of the largest suppliers of better-quality, small diamonds. | | | | | Alrosa Moves Closer to Kristall Takeover | | Miner hires manufacturer’s director general to work on integration. | | | | | Pluczenik Appeals Nagel Court Ruling | | UK judges had ordered company to pay $3.3 million to former broker. | | | | | Royal Jewels Propel Sotheby’s $414M Total | | Items from Bourbon Parma family accounted for $53.1 million of 2018 sales. | | | | | mining | | | | Alrosa to Hold Back Supply in 2019 | | Miner will limit sales to avoid flooding the midstream with goods. | | | | | Zimbabwe Ventures into Higher-Value Mining | | New Marange crushing plant will enable it to raise production, government says. | | | | | Diamcor Sells $1.4M of Rough in 3Q | | Revenue from tenders rose 62% year on year. | | | | | De Beers, Alrosa Reveal 2019 Sale Schedules | | First Botswana sight begins January 21. | | | | | general | | | | The Biggest and Priciest Diamonds of 2018 | | We look back at the year’s exceptional discoveries and auctions. | | | | | DMCC Joins GJEPC’s My KYC Initiative | | Dubai center is fourth trade body to use compliance platform. | | | | | US Polished Trade Surged in October | | Imports up 28%, exports jumped 31%. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Industry stocks fell as global markets slid, with the Dow Jones Industrial Average losing 3.3% for the week at press time. Birks Group (-20%) headed the retail slumps, with J.C. Penney (-14%), Macy’s (-3.7%) and Chow Sang Sang (-1.7%) also losing ground. In Europe, Kering (-4.1%) and LVMH (-2.3%) dropped, while miner Petra Diamonds (-5%) declined. Mountain Province (+10%) rose after analysts at BidaskClub reportedly upgraded 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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