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Rapaport TradeWire March 7, 2019
Mar 7, 2019 11:16 AM
By Rapaport
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| March 7, 2019 | | RAPAPORT MARKET COMMENT |  | | 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. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | 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% |  | | 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: 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... | | |  | | | WEEKLY NEWS | | industry | | | | Diamond Market Sees Selective Demand | | 1-carat RAPI stable in February. |  | | | DPA Puts Synthetics Detectors to the Test | | Machines from De Beers and Yehuda among top performers. | | | | | HRD Makes Key Changes to Lab-Grown Reports | | Grading terminology now matches that of natural-diamond certificates. | | | | | UN Resolution Calls for KP Reforms | | Move gains unanimous approval from General Assembly members. | | | | | retail | | | | Hong Kong Luxury Sales Rise in January | | Earlier timing of Lunar New Year and increased tourism drive growth. | | | | | Graff Buys Flagship New York Store | | Jeweler has occupied Madison Avenue boutique since 2001. | | | | | mining | | | | Weak Demand Weighs on De Beers Sales | | Sightholders nervous as company keeps rough prices high. | | | | | Botswana Denies Zimbabwe Loan Report | | Gaborone hasn’t offered $600 million to fund diamond facilities, says President Masisi. | | | | | Canada Site Shows High-Value Potential | | Star Diamond exploration project reveals large percentage of type IIa stones. | | | | | Diamcor Sales Rise, Loss Drops in 3Q | | Revenue up 76% year on year. | | | | | general | | | | Diamantaire Ehud Laniado Dies at 65 | | Mercury Diamond owner suffered heart attack during surgery at Paris clinic. | | | | | Asian Groups Seek to Standardize Region’s Trade | | Diamond organizations want universal language and unified rules. | | | | | Seller Puts $15.5M Crown on RapNet | | Kristall Smolensk’s replica features more than 11,000 stones. | | | | | Ex-Ivanka Trump CEO Joins Phillips | | Geoffrey Hess will be watch consultant for the auction house. | | | | | Hong Kong’s Polished Imports Stable | | Inbound shipments flat at $19 billion in 2018. | | | | | | FINANCE | | 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. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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Market have short of nice goods
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Mar 8, 2019 12:09AM
By Johnson Johnson
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hi
no fresh stones in market...many company production much down now days
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