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Rapaport TradeWire May 16, 2019

May 16, 2019 11:12 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
May 16, 2019
RAPAPORT MARKET COMMENT
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Rising expectations for Las Vegas shows. Good demand for 0.70 to 1.99 ct., G-J, VS-SI, RapSpec A3+. Other categories weak. Large-stone dealers cautious amid high-end slowdown. Christie’s Geneva garners $62M (87% by lot) as cushion, 118.05 ct., fancy yellow, VS2 diamond sells for $7.1M ($60,000/ct.). Sotheby’s Geneva fetches $42M (77% by lot) with 36.57 ct., D, FL going for $5M ($137,036/ct.). Rough prices stable at De Beers sight but tight Indian liquidity impacting demand. Alrosa April sales -21% to $319M. Letšeng 1Q average price -42% to $1,900/ct. Petra sells 425 ct., D, type II rough to Stargems and Choron for $15M. Industry mourns the passing of Leo Schachter and Sam Abram.

Jewelers Mutual Insurance Tw Banner May 2019
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.02% -0.94% -12.87%
0.50 ct -0.35% -1.49% -5.19%
1.00 ct 0.00% -0.53% -3.02%
3.00 ct 0.29% -1.08% -8.97%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: More companies dealing in recycled goods as they offer better profit than newly manufactured diamonds...
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Belgium: US jewelers increasingly carrying lab-grown collections, frustrating suppliers of natural diamonds...
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Israel: Trading stable as dealers prepare for Las Vegas shows...
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India: US and Israeli buyers in Mumbai looking for bargains before JCK...
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Hong Kong: Wholesale trading slow amid fears new US tariffs will impact Chinese diamond and jewelry exports...
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Adt190052 Rapaport Banner Sustainability V3
Synthetics: Coming to a Bourse Near You?
WITH Joshua Freedman

Exchanges in Mumbai, Dubai and now Israel are grappling with the question of lab-grown diamonds. 

WEBINAR AT JCK LAS VEGAS: DIAMOND MARKET TRENDS
WITH Avi Krawitz

Rapaport Senior Analyst Avi Krawitz will discuss the state of the diamond and jewelry industry at the upcoming JCK show in Las Vegas. This 45-minute presentation on May 30 is designed to give you the tools to navigate the challenges facing the trade. You can attend in person, watch a livestream or receive a recording in your inbox.

UPS AND DOWNS
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Steady Demand in China for Colored Diamonds
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Jewel Made from Argyle Pink Features in New Movie
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Australian Corporate Watchdog Pursues Merlin Diamonds
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Zimbabwe Diamond CEO in Court over Fraud Allegations
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2019 Feb 13 Rap Net Instant Inventory
WEEKLY NEWS
industry
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US Tariff Hike Could Impact Jewelry Trade
Diamonds, gemstones and precious metals may incur up to 25% import tax.
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118ct. Yellow Smashes Estimate at Christie’s
Siba Corp. purchases diamond in honor of founder Sam Abram, who died last week.
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Storied Necklace Makes Bold Return at Sotheby’s
Hélène Beaumont’s emerald and diamond piece fetches $3.6 million in Geneva.
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Dubai Exchange Holds First Lab-Grown Tender
DMCC offered 50,000 carats of rough CVD.
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Petra Sells 425ct. Diamond for $15M
Stargems Group and Choron buy D-color stone in partnership.
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Hong Kong Polished Imports Slip in 1Q
Shipments decreased 3% for the period.
retail
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Cartier, Van Cleef Sue Alleged Counterfeiter
King Jewelers infringed on several design trademarks, companies claim.
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Watches of Switzerland to Go Public
Mayors owner plans London IPO to repay debt and support growth.
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11ct. Purple Expected to Fetch Over $10M
M&B Limited originally purchased the record-breaking stone from Alrosa.
mining
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De Beers to Build $468M Diamond-Mining Ship
Vessel could add 500,000 carats to annual production at its Debmarine Namibia venture.
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Weak Indian Demand Dents Alrosa Sales
Tightened credit in the polishing sector contributed to drop.
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New Tender Schedule Boosts Lucara Results
Miner now sells higher-value stones more frequently.
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Stornoway Loss Deepens Amid Slow Market
Decline in rough prices increased pressure in first quarter.
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Large-Stone Recoveries Fall at Gem Diamonds
Sales slump 51% in three months to March 31.
general
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Trade Mourns Death of Leo Schachter
Famed diamantaire founded namesake company in 1952.
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‘King of the Blues’ Sam Abram Dies
Colored-diamond pioneer was a prominent buyer at auctions.
Jck Rapaport Breakfast 2019 600X160
FINANCE
Diamond Industry Stock Report
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Retail stocks fell this past week following US President Donald Trump’s threats of higher tariffs on Chinese imports. Shares in Macy’s (-4.8%), Signet (-10%), Tiffany (-5%), Chow Sang Sang (-4.6%), Chow Tai Fook (-3.9%) and Pandora (-13%) all dropped. Mining shares also slid, with Lucara Diamond (-5%), Petra Diamonds (-5%), Firestone Diamonds (-4.1%) and Alrosa (-2.9%) declining. Mountain Province (+6%) received a boost after increasing its production guidance, while Rio Tinto (+4%) also saw a rise.

Rapnet Trade Wire
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Jck 2019 Meet Rapaport May 6 2019 300X300
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