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Rapaport TradeWire February 14, 2019

Feb 14, 2019 9:45 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
February 14, 2019
RAPAPORT MARKET COMMENT
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Polished market improving, with suppliers selling at lower prices to generate liquidity. Rough trading cautious as high rough prices and weak polished continue to squeeze midstream profits. Shortages of top-make goods due to reduced manufacturing, but large inventory of leftover lower-quality diamonds. Chinese government reports retail sales +9% during 7-day Lunar New Year holiday. High-end luxury robust as Boucheron owner Kering sees strong growth in US and Asia. NRF expects jewelry to top list of Valentine’s Day gifts. Alrosa Jan. sales -44% to $282M. Belgium Jan. polished exports -4% to $777M, rough imports -33% to $727M. Rapaport announces Trade Mission to Surat April 8-11.

14 Jan 2019 Delgatto Tw Banner Gif
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.42% -1.24% -8.10%
0.50 ct -0.55% -0.60% -1.74%
1.00 ct -0.23% -0.32% -2.59%
3.00 ct -0.35% -1.56% -5.94%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Buyers are looking for deals and are able to push suppliers’ prices lower...
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Belgium: Rough trading cautious, with De Beers and Alrosa products selling at lower premiums on the secondary market...
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Israel: Dealers concentrating on the US while Far East returns from Chinese New Year break...
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India: Little buzz around IIJS Signature fair, but steady gold jewelry market for wedding season...
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Hong Kong: Activity expected to pick up in next two weeks ahead of Hong Kong show, which starts Feb. 28...
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Gia Tw Banner E 31 May 2018
Rapaport Trade Mission to Surat, India
Monday, April 8, through Thursday, April 11

Surat is home to an estimated 500,000 diamond cutters, who manufacture over 90% of the world’s polished diamonds. This visit is an opportunity to gain a unique insight into the supply chain.

UPS AND DOWNS
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Argyle Closure May Offer Opportunity to Small Miners
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German Geologist Finds Lapland’s First Diamond
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Petra Could Take 10 Years to Clear Cullinan Debt
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Two Weeks’ Salary Is New Average for Engagement Rings
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Hk Melee Auction 2019 Tw Banner
WEEKLY NEWS
retail
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Engagement-Ring Demand Fell in 2018 – Poll
Couples spending less on nuptials overall, says The Wedding Report.
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Jewelry to Top Valentine’s Day Purchasing
National Retail Federation expects revenues to hit $3.9 billion for the category.
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Helzberg Diamonds Launches Synthetics Line
Items range from $400 to $9,000, according to website.
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Asian Demand Drives Kering Jewelry Growth
Boucheron owner sees 7% revenue increase for the division in 2018.
industry
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IGDA: Lab-Grown Diamonds Poised for Upswing
Category is making headway in bridal segment, association says.
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GIA Spots CVD Stone in Parcel of Treated Melee
Institute rarely finds irradiated synthetics of this type and size.
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Gübelin Testing Nano-Tracking for Diamonds
Swiss lab studying ways of broadening its Emerald Paternity Test.
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HRD Grades First Lab-Grown All-Diamond Ring
Dutch company’s “Project D” piece weighs 3.87 carats.
mining
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January Slowdown Hits Alrosa Sales
Market activity lower than usual, company says.
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Zimbabwe Plans Production Hike in 2019
State-owned miner expects 46% rise in rough output to 4.1 million carats.
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Firestone Recovers 70ct. Rough
Diamond will be on offer at tender next month.
general
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Alrosa Showcases ‘Record-Breaking’ Pink
Polished stone is “largest of its color in Russian history” at 14.83 carats.
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UK Gemological Center Expands to US Market
Gem-A partners with Jewelry Television to offer educational courses.
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WFDB Signs Deal with Korea Bourse
Trade body will help promote nation’s diamond industry.
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US Polished Imports Slowed in November
Shipments down 4% for the month.
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Gübelin Gemstone Blockchain Goes Live
Tool offers traceability through entire supply chain, Swiss lab says.
2019 Feb 13 Rap Net Instant Inventory
FINANCE
Diamond Industry Stock Report
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Far East retail stocks increased following reports the US may allow more time to negotiate a trade deal with China. Chow Sang Sang (+8%), Chow Tai Fook (+4.7%) and Luk Fook (+2.8%) all rose. Shares in Kering (+9%) gained value off the back of positive annual results, with European peers Richemont (+5%) and LVMH (+3.9%) following suit. Firestone Diamonds (+11%) received a boost after recovering a 70-carat diamond. Other mining stocks faltered, with declines at Mountain Province (-6%), Petra Diamonds (-4.7%) and Alrosa (-2.9%).

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