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Rapaport TradeWire May 9, 2019

May 9, 2019 12:57 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
May 9, 2019

Dealers preparing for Las Vegas shows hoping steady US retail market will stimulate diamond trading. Rising expectations for GemGenève fair amid positive luxury demand. Good opportunities for high-end buyers after 3 to 5 ct. prices dropped significantly (3 ct. RAPI -6.1% since Jan. 1). Rough trading cautious with high auction prices and tight manufacturing profits. Sightholders anticipate stable prices and volumes at next week’s De Beers sight. India March polished exports -8% to $1.9B, rough imports -16% to $1.4B. Hong Kong 1Q polished imports -3% to $5B, polished exports +9% to $3.9B. Signet debuts synthetic diamonds on James Allen website.

Jewelers Mutual Insurance Tw Banner May 2019
Weekly Monthly Y2Y
0.30 ct -0.27% -1.33% -12.95%
0.50 ct -0.56% -1.37% -4.42%
1.00 ct -0.21% -0.72% -2.88%
3.00 ct 0.08% -1.33% -9.22%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Retailers pushing fashion jewelry amid strong expectations for Mother’s Day season...
Belgium: Large volumes of old stock available and selling at deeper discounts...
Israel: Suppliers keeping stock low to reduce risk amid declining prices, weak economic sentiment and threat of synthetics...
India: Stable gold jewelry market for May 7 Akshaya Tritiya festival...
Hong Kong: China 1Q retail sales beat expectations...
Gia Tw Banner E 31 May 2018
What Women Want: Empowering Female Leaders
WITH Deborah Yonick

Gender diversity in senior positions is an important step to eradicating discrimination.

The Gem Lab That Refuses to Grade Synthetics
WITH Marie Chabrol

The LFG in Paris has taken a stand against man-made diamonds. Its director, Aurélien Delaunay, explains why.

Bulgari Looks to Expand China Business
The Best Jewels on the Met Gala Red Carpet
India Diamond Workers’ Union Protests Summer Break
DC Retailer’s Closure Reflects Changing Tastes
May Single Stone Tradewire Banner
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Diamond Prices Soften Despite US Stability
1-carat RAPI down 0.5% in April amid continued oversupply.
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Do the 4Cs Still Make the Cut?
The author of a diamond guide proposes a fifth C and two Ts.
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Pink Diamond Finds No Buyers at Bonhams
12.62-carat stone carried estimate of $1.5 million to $2 million.
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Chow Tai Fook Launches US Hub
Hearts on Fire president Caryl Capeci will lead the new business.
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Signet Enters Lab-Grown Market
Retailer launches product on e-commerce site James Allen.
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Hong Kong Luxury Sales Down in 1Q
March saw slower decline than first two months.
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DPA Targets New Indian Parents
Campaign promotes childbirth as auspicious diamond-buying occasion.
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Diamond Miners Push Back on Ethics Claims
Lab-grown production emits three times more CO2 per carat, study finds.
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Ex-Lucara CEO Joins Mountain Province Board
William Lamb is one of three new directors at the Canadian company.
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Gemfields Investigates Slavery at Ruby Deposit
Miner noticed rise in deaths among unauthorized workers.
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Alrosa Offloads $19M of Non-Core Assets
Company plans further sell-offs as it focuses on diamond business.
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$6M ‘Bubble Gum’ Ring to Lead Christie’s HK
Piece features 3.44-carat pink diamond at center.
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India’s Polished Exports Fall in March
Drop in shipment volume outweighs higher average price.
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Pink Diamond Prices Firm in 1Q
Category outperformed blues and yellows, says Fancy Color Research Foundation.
Jck Rapaport Breakfast 2019 600X160
Diamond Industry Stock Report

Global stocks declined sharply this week, as fears over the US-China trade war mounted. Retail shares were hardest hit, with J.C. Penney (-4.5%), Macy’s (-2.5%), LVMH (-3.2%), Chow Sang Sang (-7%), Chow Tai Fook (-7%) and Luk Fook (-6%) all falling. UK equities fared better, with Firestone Diamonds (+2%), De Beers parent company Anglo American (+1.7%), and Rio Tinto (+1.5%) rising. UK-based miner Petra Diamonds (+11.5%) got a lift after Berenberg Bank upgraded the stock.

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