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Rapaport TradeWire February 7, 2019

Feb 7, 2019 11:17 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
February 7, 2019
RAPAPORT MARKET COMMENT
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Far East trading quiet during Chinese New Year. Market cautious due to weak demand, tight profitability and reduced bank credit. Selective buyers creating shortages of excellent-cut (3X, none) diamonds, but prices of lower-quality goods softening due to excess supply. 1 ct. RAPI -0.4% in Jan. Manufacturers maintaining low production as profit margins are squeezed by high rough prices. Letšeng 4Q sales -40% to $42M, average price -43% to $1,259/ct. Belgium 2018 rough imports flat at $10.7B. Pandora 2018 sales flat at $3.5B, profit -13% to $773M. RapNet introduces jewelry to trading network. The Rapaport Group wishes all our friends a happy and successful Chinese New Year.

14 Jan 2019 Delgatto Tw Banner Gif
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.01% -0.85% -7.09%
0.50 ct 0.31% -0.29% -0.79%
1.00 ct 0.13% -0.12% -2.44%
3.00 ct -0.68% -2.20% -5.98%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Shortage of better-quality diamonds supporting prices...
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Belgium: Dealer sentiment mixed amid sluggish polished trading and concern about high rough prices....
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Israel: Niche suppliers of large stones, fancy shapes and fancy-color diamonds doing well...
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India: High gold prices weighing on jewelry retail sales...
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Hong Kong: Polished inventory levels down since January, but remain significantly higher than this time last year...
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Gia Tw Banner E 31 May 2018
Canada’s Ice Road Opens for Milestone Year
WITH Leah Meirovich

February is a crucial time for Canada’s diamond mines. Located in the most remote region of the country’s frozen Northwest Territories (NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month window to connect their mining operations to the outside world. 

UPS AND DOWNS
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Endiama Expects Rise in Angola’s Rough Output
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Synthetics Helping Surat Polishers Make Ends Meet
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Diamond-Stealing Guard Loses Dubai Court Appeal
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Three Crowns Stolen from Indian Temple
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Feb 2019 Magazine Trade Wire Banner
WEEKLY NEWS
industry
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Diamond Prices Slide as Year Begins with Caution
US restocking slower than expected after holidays.
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‘Lab-Grown’ Diamond Turns Out to Be Natural
GIA client submitted 2.23-carat, D-color stone for synthetic report.
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Yellow Prices to Increase in 2019, Says FCRF
Changes at Ekati mine will reduce availability of the color.
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GIA Sheds Light on De Beers’ Synthetics
Two Lightbox stones have G color and VS clarity.
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South Korea Reduces Diamond Tax
Government replaces 26% duty with two lower rates.
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Antwerp Vault Heist Leaves Clients in the Dark
Thieves apparently entered safety-deposit room via sewers.
retail
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Pandora Forecasts Sales Drop Amid Overhaul
Jeweler aims to revive interest in charms.
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David Yurman Wins Counterfeiting Case
Court awards damages from 31 defendants who operated unlawful sites.
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NRF Predicts Retail Growth in 2019
National Retail Federation forecasts sales increase of between 3.8% and 4.4%.
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Strong Holiday Figures Boost Titan Results
Revenue grew 35% in third fiscal quarter.
mining
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Letšeng Sales Fall Amid Lower-Quality Output
Gem Diamonds sees 43% drop in price per carat.
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Lucapa Angola Tender Rakes In $17M
Sale is first since nation reformed trade.
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Firestone Revenue Rises in Second Quarter
Production up 24% to 224,947 carats.
general
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RapNet Introduces Jewelry Trading
New feature adds significant value for members.
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Diamonds Stolen from Israel Bourse Event
Footage shows man snatching case allegedly worth tens of thousands of dollars.
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Record Average Price Supports Belgium Trade
Polished exports flat in 2018 as volume drops.
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Boaz Moldawsky Elected IDI Chairman
Former deputy head of Israel bourse will serve a three-year term.
2019 Jan 31 Rap Net Free Trial 600X160
FINANCE
Diamond Industry Stock Report
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Pandora (+16%) led retail stocks this past week after investors reacted positively to its restructuring plans. India’s Titan (+6%) gained after strong quarterly results. Mining shares were mixed, with Lucapa Diamond (+11%) up after a successful sale of large stones, while Firestone Diamonds (-11%) fell after unscheduled repair work in November affected its ore-treatment levels. Petra Diamonds (-5%) continued its recent downward trend.

Rapnet Trade Wire
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11 Jul 2018 Rap Ac Digital 300X300Px Static
Tradewire Square February 2019 Single Stone Updated
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