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Rapaport TradeWire March 7, 2019

Mar 7, 2019 11:16 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
March 7, 2019

Diamond trade cautious after slow Hong Kong show. Demand selective and inventory levels high, with buyers insisting on deep discounts for goods under 0.50 ct. Low manufacturing profits reducing Indian polished production as smaller goods not making money. 0.30ct. RAPI -0.6%, 1 ct. RAPI +0.1% in Feb. with better market for 0.70 to 1.99 ct. De Beers prices flat at $490 million sight. Far East consumer outlook improving as US and China approach trade deal. Chinese retailers restocking after Lunar New Year, with Hong Kong jewelry and luxury sales +5% to $1.1B in Jan. HRD adopts natural-diamond grading language for synthetics reports.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct -0.15% -0.49% -8.74%
0.50 ct 0.15% -0.16% -2.10%
1.00 ct -0.04% 0.14% -2.40%
3.00 ct -0.38% -1.02% -6.85%
RAPI Yearly Graph
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Market Reports
United States: Secondhand diamonds emerging as a more profitable market for small-stone dealers...
Belgium: Dealers report sluggish sales at Hong Kong show, with diamonds above 10 carats moving slowly despite high expectations...
Israel: Fancy shapes slow, except pears and ovals with perfect cuts...
India: Margins under pressure due to high rough prices at De Beers sight and subdued polished demand...
Hong Kong: Sales of yellows and pinks improving...
2019 Jan 31 Rap Net Free Trial 600X160
Zimbabwe Mulls Scrapping Ownership Rules for Diamonds
Dream City Will Be Game-Changer for Surat Economy
Smaller Baselworld Expected as Exhibitor Numbers Drop
University Head Promotes Pandora, Sparks Backlash
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Diamond Market Sees Selective Demand
1-carat RAPI stable in February.
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DPA Puts Synthetics Detectors to the Test
Machines from De Beers and Yehuda among top performers.
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HRD Makes Key Changes to Lab-Grown Reports
Grading terminology now matches that of natural-diamond certificates.
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UN Resolution Calls for KP Reforms
Move gains unanimous approval from General Assembly members.
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Hong Kong Luxury Sales Rise in January
Earlier timing of Lunar New Year and increased tourism drive growth.
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Graff Buys Flagship New York Store
Jeweler has occupied Madison Avenue boutique since 2001.
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Weak Demand Weighs on De Beers Sales
Sightholders nervous as company keeps rough prices high.
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Botswana Denies Zimbabwe Loan Report
Gaborone hasn’t offered $600 million to fund diamond facilities, says President Masisi.
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Canada Site Shows High-Value Potential
Star Diamond exploration project reveals large percentage of type IIa stones.
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Diamcor Sales Rise, Loss Drops in 3Q
Revenue up 76% year on year.
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Diamantaire Ehud Laniado Dies at 65
Mercury Diamond owner suffered heart attack during surgery at Paris clinic.
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Asian Groups Seek to Standardize Region’s Trade
Diamond organizations want universal language and unified rules.
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Seller Puts $15.5M Crown on RapNet
Kristall Smolensk’s replica features more than 11,000 stones.
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Ex-Ivanka Trump CEO Joins Phillips
Geoffrey Hess will be watch consultant for the auction house.
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Hong Kong’s Polished Imports Stable
Inbound shipments flat at $19 billion in 2018.
Rap Acad Trade Wire Banner 600 X160 Other Courses 112218 2 Digital V2
Diamond Industry Stock Report

Shares in J.C. Penney (+33%) surged after investors welcomed the company’s turnaround plan. Other US retailers fell, with Macy’s (-5%) and Signet (-8%) both down. An improved outlook for US-China trade relations boosted Chow Tai Fook (+9%). Michael Hill (+21%) continued its rise after announcing promising results last week. Mining stocks dropped after De Beers reported weak sales of smaller goods, with Petra Diamonds (-4.9%) falling for the third week in a row. Firestone Diamonds (-12%), Mountain Province (-5%), Gem Diamonds (-5%), Alrosa (-3%) and Lucapa Diamond (-2.6%) all lost ground.

Rapnet Trade Wire
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Market have short of nice goods
Mar 8, 2019 12:09AM    By Johnson Johnson
hi no fresh stones in market...many company production much down now days
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