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Rapaport TradeWire May 30, 2019

May 30, 2019 11:07 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
May 30, 2019
RAPAPORT MARKET COMMENT
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Las Vegas show opens with hopes it will uplift diamond market. Jewelers taking more on memo and using tech in their stores to tap online supply and improve consumer buying experience. Polished suppliers left with large volumes and low profit margins. Rough market slow. India’s customs unreasonably tightens disclosure rules for rough imports. India April polished exports -18% to $1.6B, rough imports -5% to $1.4B. Christie’s Hong Kong sells $45M (77% by lot) with cushion, 3.43 ct., fancy-vivid-purplish-pink, IF diamond fetching $7.5M ($2.2M/ct.). Rapaport to host annual Las Vegas conference on Sunday, June 2, at 8 a.m.

Rapaport Banner 6 2019 Jewelers Mutual Jmss 600X160 Final
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.33% -3.41% -15.54%
0.50 ct -0.10% -1.56% -5.80%
1.00 ct 0.27% -0.47% -3.51%
3.00 ct -1.76% -3.87% -14.06%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Positive sentiment as consumer confidence hits six-month high, despite Chinese trade-war concerns...
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Belgium: Polished trading stable, with focus on bread-and-butter US goods during Las Vegas shows...
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Israel: Inventories slightly down from previous months but still well above 2018 levels...
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India: Some Far East and Indian buyers in Mumbai, but supply is concentrated on the US...
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Hong Kong: Dealers focused on lower colors and clarities, reflecting shift in consumer demand toward lower price points...
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Gia Tw Banner E 31 May 2018
RAPAPORT BREAKFAST AT JCK
WITH Martin Rapaport

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

UPS AND DOWNS
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Swatch Offers Watches at Drive-Through Location
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Craigslist Has a Treasure Trove of Recycled Jewelry
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UK Diamond Trader Banned Over Falsification of Invoices
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Younger Generation Wants Cheaper Engagement Rings
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WEEKLY NEWS
industry
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Bubble Gum Pink Rakes In $2.2M/ct. at Christie’s
Moussaieff piece sells for $7.5 million in Hong Kong.
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Undisclosed Green Synthetics Raise GIA Eyebrows
Carlsbad lab receives 25 HPHT stones with unusual color.
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India Cracks Down on Rough Shipments
Requirements are impossible to follow, GJEPC claims.
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Lab Finds Man-Made Sapphires Posing as Diamonds
Use of the stones in melee is unusual, says Gemological Science International.
retail
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Verdura Executive Donna Sturm Dies at 67
Design and product development manager hit by cyclist on 57th Street.
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Platinum Jewelry Sales Saw Strong 2018
Growth in bridal driving US and India market, says Platinum Guild International.
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Signet Names Ex-President as Interim UK Head
Seb Hobbs stood down from his US-based position in April.
mining
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Independent Miner Finds 512ct. Rough in Tanzania
Diamond is country’s largest.
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Lucapa Closes In on Diamond ‘Mother Lode’
Miner believes it will find lucrative source within the next two years.
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Trans Hex to Offload Another Deposit
Company negotiating sale of Namaqualand to Kernel Resources.
general
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Lab-Grown Ban Splits Opinion on Facebook
Jewelers Helping Jewelers outlaws synthetics trading.
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Nirav Modi Assets Set for Vegas Auction
GCAL will sell jewelry from Firestar and Fantasy at JCK show.
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Is 3-D the Industry’s Next Big Thing?
Sarine Technologies will create replica rough stones for consumers to touch.
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Hong Kong Dip Hits Swiss Watch Exports
Shipments to the municipality down 3.9% year on year.
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India’s Polished Trade Slows Further
Exports decline for sixth consecutive month.
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Asian Star Full-Year Profit Rises
Lower expenses compensate for revenue drop.
June 2019 Quarterly Pawnshop And Melee Tw Banner
FINANCE
Diamond Industry Stock Report
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US and China retail shares continued to fall due to economic uncertainty and escalating trade-war fears. J.C. Penney (-18%), Macy’s (-4.2%), Tiffany (-8%) and Chow Tai Fook (-3.2%) all declined. Petra Diamonds (+9%) enjoyed a good week, but other miners had a rougher time. Stornoway Diamond (-36%) and Mountain Province (-14%) slid amid weakness in the Canadian stock market. Firestone Diamonds (-14%) and Alrosa (-2.6%) also lost ground.

Rapnet Trade Wire
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2019 May 23 Rap Net Jck 2019 300X300Px
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