Advanced Search

Rapaport TradeWire March 14, 2019

Mar 17, 2019 4:25 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
March 14, 2019

Market sentiment weak, with select categories seeing demand. Diamonds between 0.70 ct. and 1.99 ct. moving well, but large stones slow. Sluggish demand for goods under 0.50 ct., with manufacturers reducing production of that size. Rough market subdued. Alrosa Jan.-Feb. sales -40% to $627M. Belgium Feb. rough imports -28% to $621M, polished exports -3% to $1.2B. Gem Diamonds 2018 revenue +25% to $267M, profit +171% to $47M after record production of exceptional stones. Eurostar Diamond Traders close to bankruptcy amid $500M debts. Signet appoints Jamie Singleton president of merged Kay, Zales and Peoples leadership team.

Trade Wire 600X160 April 2018
0.30 ct -0.30% -0.38% -9.25%
0.50 ct -0.11% 0.28% -2.76%
1.00 ct 0.13% 0.49% -2.27%
3.00 ct -0.09% -0.76% -6.83%
RAPI Yearly Graph
Gia Tw Banner E 31 May 2018
Market Reports
United States: Buyers insisting on discounts due to excess supply...
Belgium: Round, 1 ct. goods selling well, but less movement in 2 to 2.99 ct. range...
Israel: Polished production low amid weak market for rounds 3 ct. and larger in high colors and clarities...
India: Firms trading rough rather than manufacturing, creating shortages in certain melee categories...
Hong Kong: Activity dropping slightly as positive effects of Hong Kong show wear off and peak retail season ends...
600X160 Mag
Time for the Trade to Reengage with Bridal
WITH Avi Krawitz

Engagement-ring marketing has taken a back seat recently as the industry assesses how millennials relate to the product. The diamond trade must now reenergize the important bridal segment.

How Tiffany Is Segueing from Classy to Hip
J-Lo’s Engagement Ring May Be Worth $5M
Modi Kept Changing Addresses to Evade Authorities
Man Robs Hong Kong Jeweler in Broad Daylight
2019 Feb 13 Rap Net Instant Inventory
News Thumbnail
Eurostar Diamond Traders Close to Bankruptcy
Antwerp court rejects manufacturer’s reorganization attempt.
News Thumbnail
Newspaper Tracks Down Nirav Modi
Fugitive jeweler is running London diamond business, says The Telegraph.
News Thumbnail
What Makes a Good Synthetics Detector?
The DPA’s review of devices raises questions about what to look for.
News Thumbnail
Frederick Goldman Acquires Lab-Grown Brand
Love Earth collection includes bridal and fashion jewelry.
News Thumbnail
Signet Hires New Financial Chief
Retailer also merges leadership teams for Kay, Zales and Peoples.
News Thumbnail
Pandora Chairman Quits Amid Reshuffle
Peder Tuborgh exits a month after appointment of new CEO.
News Thumbnail
US Retail Rebounds in January
Sales up 3.6% after weaker December data.
News Thumbnail
Letšeng Pink Sells for Almost $9M
Per-carat price of $656,933 breaks company record.
News Thumbnail
Alrosa Testing Payments in Euros
Move is preparation for potential US sanctions, Chinese report says.
News Thumbnail
Weak Prices Keep Grib Sales Flat
Revenue steady at $300 million in 2018.
News Thumbnail
Large Stones Boost Gem Diamonds Results
Sales and profit rise in record year for exceptional discoveries.
News Thumbnail
Petra Unearths 101ct. Rough at Cullinan
Miner also finds blue diamond weighing 6.12 carats.
News Thumbnail
GJEPC Inaugurates $2B Jewelry Complex
Mumbai center will employ 100,000 workers when complete.
News Thumbnail
MID Leads List of Top Israeli Exporters
Company’s shipments rose 12% to $196 million in 2018.
News Thumbnail
Belgium Trade Declines in February
Country sees drop in rough and polished exports.
Tradewire Banner Ml March V3
Diamond Industry Stock Report

US retailers gained following positive January sales data, with J.C. Penney (+12%) and Signet (+6%) leading the sector. Pandora’s stock price (-4.5%) was volatile throughout the week as the company unveiled a plan to buy back investors’ shares, and its chairman announced he was leaving. A general rally in the Indian stock market boosted Asian Star (+8%) and PC Jeweller (+9%). Gem Diamonds (-8%) trailed mining equities after deciding not to pay a dividend to shareholders.

Rapnet Trade Wire
March 2019 300X300
March Melee Tradewire Square
Rap Net Tw Square Free Trial 1

Contact Us
Facebook Twitter LinkedIn Google+ RSS Email
© Copyright 2019 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
You are currently registered to receive the Rapaport TradeWire® at %recipient_email%.
If you do not wish to receive the TradeWire® please unsubscribe here.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Tags: Rapaport
Similar Articles
Rapaport TradeWire August 1, 2019
Aug 01, 2019
Industry Retail Mining General Finance August 1, 2019 RAPAPORT MARKET COMMENT Rough sales plummet due
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.