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Rapaport TradeWire April 11, 2019

Apr 14, 2019 2:27 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
April 11, 2019

Sentiment weak, with Indian cutters lacking liquidity. Steady demand for 1 ct. diamonds supporting the market. Low manufacturing profits placing pressure on under-0.50 ct. sector. Rough prices stable at De Beers sight, with April sales +10% to $575M. Trade expecting shortages, as De Beers plans to reduce supply to sightholders in new sales period. Alrosa March sales -33% to $377M. Graff unveils world’s largest square emerald diamond: A 302.37 ct., D stone cut from 1,109 ct. Lesedi La Rona. LVMH upbeat on luxury market, with 1Q jewelry and watch sales +9% to $1.2B. Far East retail outlook uncertain. Responsible Jewellery Council names Iris Van der Veken executive director.

14 Jan 2019 Delgatto Tw Banner Gif
Weekly Monthly Y2Y
0.30 ct -0.45% -3.42% -11.63%
0.50 ct -0.06% 0.24% -2.85%
1.00 ct -0.11% -0.11% -2.50%
3.00 ct -0.45% -1.80% -8.76%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Retailers not buying for stock, and are willing to pay more for memo to avoid holding goods in inventory...
Belgium: Fluorescents attracting very deep discounts, especially in 3 ct. and larger...
Israel: Trade slowing ahead of Passover, with exchange partially closing from April 19 to 27...
India: Melee under pressure, especially for VVS qualities, with SI-I1 moving better...
Hong Kong: VS the most popular clarity, with buyers considering VVS if the price is right...
Gia Tw Banner E 31 May 2018
Video Blog: Insights from AGS Conclave
WITH Avi Krawitz

What did Rapaport News Editor and Senior Analyst Avi Krawitz learn in Seattle? Find out in this three-part video blog.

De Beers CEO Pulls Out 616ct. Diamond at Conference
Amazon Reduces Sales Fees for Jewelry in Europe
Landslide Kills Five Diamond Miners in Indonesia
GST Has Hit Diamond Business, Traders Claim
2019 April Magazine 600X160
News Thumbnail
Graff Cuts 302ct. Diamond from Lesedi La Rona
Polished stone has D color and “very high” clarity.
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De Beers Reduces Sightholder Supply
Decline in production to impact rough availability.
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Dubai’s NBF Enters Antwerp Lending Market
National Bank of Fujairah will focus on established wholesalers.
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Rare 25ct. Diamond to Lead Christie’s Geneva
Jonker V was cut from what was, at the time, the fourth-largest gem-quality rough ever unearthed.
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Dismantling the Fluorescence Stigma
Why some traders are embracing diamonds with this trait.
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LVMH Jewelry Sales Rise in First Quarter
Category, which includes watches, sees 9% increase.
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Revenue Drops at Michael Hill
Australian retailer had weak quarter overall, as strategic shift took until March to bear fruit.
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De Beers Sales Jump 10% in April
At $575 million, figure is highest since mid-2018.
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Alrosa March Revenue Plunges
Miner notes improvement over January and February.
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Firestone Diamonds Recovers 72ct. Yellow
Company also finds 22-carat white and 11-carat pink.
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Bonhams Auctions Original Cullinan Agreement
Document outlines deal for cutting stone to create Crown Jewels of Great Britain.
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Sotheby’s to Sell Storied Pieces in Geneva
Fabergé tiara belonging to last crown princess of Prussia will go under the hammer.
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New Israel Bourse Tower Will Be Nation’s Tallest
Diamond exchange to construct 120-story building in Ramat Gan complex.
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RJC Appoints Executive Director
Iris Van der Veken is the first woman to hold the position.
2019 Feb 13 Rap Net Instant Inventory
Diamond Industry Stock Report

Hong Kong retailers had a strong week after China unveiled plans to boost economic growth. Luk Fook (+9%), Chow Sang Sang (+4.9%) and Chow Tai Fook (+4.1%) all rose. US retail stocks were more negative, with J.C. Penney (-11%) down, and Signet (-9%) falling after reporting weak sales. Pandora (-8%) also lost ground after the resignation of its chief operating officer, while Michael Hill (-12%) fell following poor quarterly results. Mining stocks continued to descend, with Mountain Province (-6%), Lucapa Diamond (-6%), Petra Diamonds (-3.7%) and Gem Diamonds (-3%) all slipping.

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April 2019 Mag Cover 300X300
Tradewire Square Single Stone April 2019
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