News

Advanced Search

Rapaport TradeWire December 27, 2018

Dec 27, 2018 10:59 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
December 27, 2018
RAPAPORT MARKET COMMENT
image

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.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
image
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%
RAPI Yearly Graph
Usny Tw Oct 14 2018
Market Reports
image
United States: Focus on retail, with steady last-minute Christmas shopping...
image
Belgium: Polished and rough trading very quiet, with dealers on vacation during the Christmas to New Year period...
image
Israel: Dealers waiting for memo returns to assess inventory needs...
image
India: Rough market seasonally quiet, with factories maintaining steady below-capacity production until the New Year...
image
Hong Kong: Retail relatively busy, with steady tourist arrivals reported over Christmas week...
image
Trade Wire 600X160 April 2018
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.

UPS AND DOWNS
image
Titan Targets 20% Growth in 2019
image
Richemont Joins Alibaba’s Anti-Counterfeit Alliance
image
Surat Diamond Industry Fears Recession
image
Group Accuses Brexit Backer of Diamond-Smuggling Links
image
Gia Tw Banner E 31 May 2018
WEEKLY NEWS
industry
image
News Thumbnail
Holiday Jewelry Sales Rise 4%
Revenues from all retail categories up 5%, says Mastercard.
News Thumbnail
Eurostar Enters Administration as Debts Mount
Belgian courts appoint lawyers to take control of Antwerp-based manufacturer.
News Thumbnail
Niru Group, EZ Diamonds Join Forces
Partnership brings together two of the largest suppliers of better-quality, small diamonds.
News Thumbnail
Alrosa Moves Closer to Kristall Takeover
Miner hires manufacturer’s director general to work on integration.
News Thumbnail
Pluczenik Appeals Nagel Court Ruling
UK judges had ordered company to pay $3.3 million to former broker.
News Thumbnail
Royal Jewels Propel Sotheby’s $414M Total
Items from Bourbon Parma family accounted for $53.1 million of 2018 sales.
mining
image
News Thumbnail
Alrosa to Hold Back Supply in 2019
Miner will limit sales to avoid flooding the midstream with goods.
News Thumbnail
Zimbabwe Ventures into Higher-Value Mining
New Marange crushing plant will enable it to raise production, government says.
News Thumbnail
Diamcor Sells $1.4M of Rough in 3Q
Revenue from tenders rose 62% year on year.
News Thumbnail
De Beers, Alrosa Reveal 2019 Sale Schedules
First Botswana sight begins January 21.
general
image
News Thumbnail
The Biggest and Priciest Diamonds of 2018
We look back at the year’s exceptional discoveries and auctions.
News Thumbnail
DMCC Joins GJEPC’s My KYC Initiative
Dubai center is fourth trade body to use compliance platform.
News Thumbnail
US Polished Trade Surged in October
Imports up 28%, exports jumped 31%.
Dec Podcast 600X160 Tw Banner
FINANCE
Diamond Industry Stock Report
image

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.

Rapnet Trade Wire
Tradewire Square Melee Single Stone January 2019
Rn Free Trial Banner 100318 Trade Smartly Only 300X300Px Tw Sq
11 Jul 2018 Rap Ac Digital 300X300Px Static
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2018 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
India ArchIndia: Companies Reducing Prices
Jun 20, 2019
Polished trading relatively quiet for this time of the year. Some companies reducing prices to boost
Rapaport TradeWire June 13, 2019
Jun 13, 2019
Industry Retail Mining General Finance June 13, 2019 RAPAPORT MARKET COMMENT Disappointing Las Vegas
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.