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Rapaport TradeWire May 23, 2019

May 23, 2019 11:23 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
May 23, 2019

Dealers heading to Las Vegas with hope new JCK venue will create a buzz and stimulate trading. Market sentiment weak amid slow orders, tight liquidity and declining prices. Memo houses doing well. US retail positive, with fine jewelry a top category at J.C. Penney and Macy’s. Richemont FY jewelry sales at Cartier, Van Cleef & Arpels +10% to $7.9B. Diamond manufacturers’ profit squeezed as De Beers maintains steady prices at $415M May sight. Alrosa 1Q revenue -27% to $1.1B, profit -27% to $372M. Sarine 1Q sales -34% to $11M, net loss of $1.4M vs. profit of $3.1M. RapNet announces vote on listing synthetics. Rapaport to host annual Las Vegas conference on Sunday, June 2, at 8 a.m.

Jewelers Mutual Insurance Tw Banner May 2019
Weekly Monthly Y2Y
0.30 ct -2.57% -3.26% -15.18%
0.50 ct -0.38% -1.62% -5.54%
1.00 ct -0.61% -0.98% -3.56%
3.00 ct -2.71% -2.69% -11.51%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Jewelers see good momentum for fashion and fine jewelry...
Belgium: Weak demand for 3 to 5 ct. stones...
Israel: Rough trading slow, with some weakness in large stones...
India: Pockets of good demand, as dealers look for top-quality supply...
Hong Kong: Buyers shifting to lower colors and clarities to accommodate tighter consumer budgets...
Adt190052 Rapaport Banner Sustainability V3
Synthetic Ethics
WITH Martin Rapaport

Synthetic diamonds are a fundamental threat to the natural diamond industry.

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 Thursday, 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.

Rapaport Breakfast at JCK
WITH Martin Rapaport

Martin Rapaport will give his annual presentation on the state of the diamond industry on Sunday, June 2, at the Las Vegas show.

Botswana to Diversify Investment of Diamond Income
Amateur Treasure-Hunter Finds $69K Gold Nugget
Rough Importers Protest as India Tightens Customs Rules
SEC Cracks Down on $30M Diamond-Backed Crypto Scam
Rn Visit Reasons Jck19 600X160Px 051919 Static V2 Final
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RapNet to Vote on Synthetics
Poll of members will open this Sunday.
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Blue Nile Reveals Which Shapes Sell Best
Round was its most popular cut.
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Synthetics Could Get Sustainability Badge
Project is the new Lab Grown Diamond Council’s first initiative.
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Sales Rise at Cartier, Van Cleef
Jewelry revenues at owner Richemont up 10% for the year.
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Jewelry Shines for Macy’s, J.C. Penney
Category was among the top sellers for both companies.
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De Beers Sales Slump 25% in May
Revenue hits lowest level since 2017 as manufacturers struggle with tight margins.
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Alrosa Profit Dips Amid Shift to Smaller Stones
Figure down 27% year on year in the first quarter.
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Lucapa Mine Yields Its Largest Diamond
Company recovers 126-carat rough at its Mothae site in Lesotho.
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GIA Spots Natural-Synthetic Hybrid Diamond
“New type of product” might be entering market, researchers warn.
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Frederick Goldman Opens Lab-Grown Site
Manufacturer will handle man-made and natural stones in separate facilities.
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Groups Join Forces on Responsible Sourcing
CIBJO and Coloured Gemstones Working Group will help businesses with supply-chain due diligence.
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India Credit Slowdown Squeezes Sarine Profit
Revenue from company’s largest market decreased 48%.
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Sotheby’s to Sell More Than 800 Luxury Watches
Auction house will hold four sales of the timepieces over the next year and a half.
Rapnet Trade Wire
11 Jul 2018 Rap Ac Digital 300X300Px Static
2019 May 23 Rap Net Jck 2019 300X300Px
Late May Single Stone Tradewire Square
Diamond Industry Stock Report

Shares in J.C. Penney (-19%) plunged after its net loss almost doubled in the first quarter. The US-China trade war hit Chow Sang Sang (-2.9%), Chow Tai Fook (-8%) and Luk Fook (-4%). Miners had a difficult week following disappointing quarterly results, with Petra Diamonds (-11%), Mountain Province (-10%) and Stornoway Diamond (-8%) recording the heaviest declines. Sarine Technologies (-6%) fell after weakness in the Indian market dented sales of its equipment.

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