News

Advanced Search

Rapaport TradeWire May 23, 2019

May 23, 2019 11:23 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
May 23, 2019
RAPAPORT MARKET COMMENT
image

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
RAPNET DIAMOND INDEX (RAPI)
image
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
image
United States: Jewelers see good momentum for fashion and fine jewelry...
image
Belgium: Weak demand for 3 to 5 ct. stones...
image
Israel: Rough trading slow, with some weakness in large stones...
image
India: Pockets of good demand, as dealers look for top-quality supply...
image
Hong Kong: Buyers shifting to lower colors and clarities to accommodate tighter consumer budgets...
image
Adt190052 Rapaport Banner Sustainability V3
Synthetic Ethics
WITH Martin Rapaport

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

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 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.

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

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.

Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2019 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire July 18, 2019
Jul 18, 2019
Industry Retail Mining General Finance July 18, 2019 RAPAPORT MARKET COMMENT Diamond market weak
Rapaport TradeWire July 4, 2019
Jul 04, 2019
Industry Retail Mining General Finance July 4, 2019 RAPAPORT MARKET COMMENT Diamond market quiet as US dealers
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.