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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
RAPAPORT MARKET COMMENT
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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
RAPNET DIAMOND INDEX (RAPI)
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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
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United States: Retailers not buying for stock, and are willing to pay more for memo to avoid holding goods in inventory...
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Belgium: Fluorescents attracting very deep discounts, especially in 3 ct. and larger...
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Israel: Trade slowing ahead of Passover, with exchange partially closing from April 19 to 27...
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India: Melee under pressure, especially for VVS qualities, with SI-I1 moving better...
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Hong Kong: VS the most popular clarity, with buyers considering VVS if the price is right...
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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.

UPS AND DOWNS
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De Beers CEO Pulls Out 616ct. Diamond at Conference
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Amazon Reduces Sales Fees for Jewelry in Europe
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Landslide Kills Five Diamond Miners in Indonesia
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GST Has Hit Diamond Business, Traders Claim
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2019 April Magazine 600X160
WEEKLY NEWS
industry
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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.
News Thumbnail
Dismantling the Fluorescence Stigma
Why some traders are embracing diamonds with this trait.
retail
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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.
mining
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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.
general
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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
FINANCE
Diamond Industry Stock Report
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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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