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Rapaport TradeWire September 12, 2019

Sep 12, 2019 10:41 AM   By Rapaport
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Rapaport TradeWire
September 12, 2019

Low expectations for next week’s Hong Kong show, with fewer suppliers and buyers attending due to ongoing demonstrations. Dealers hoping polished trading will improve as US holiday season approaches. Rapaport calls for $1B industry-wide marketing campaign for engagement rings, including $500M matching funds from mining companies. Signet 2Q bridal sales -4% to $560M, Tiffany engagement jewelry -3% to $277M. CIBJO urges jewelers to focus on environmentally conscious, gender-neutral Gen Z-ers (ages 15 to 25). Midstream inventory declined due to reduced manufacturing. Alrosa Aug. rough sales -36% to $180M. Rapaport announces first Estate Jewelry Auction, Nov. 3-7, in New York.

14 Jan 2019 Delgatto Tw Banner Gif
Weekly Monthly Y2Y
0.30 ct -0.05% -0.33% -21.51%
0.50 ct 0.21% -0.34% -10.20%
1.00 ct -0.29% -0.57% -6.40%
3.00 ct -0.02% -2.05% -18.46%
RAPI Yearly Graph
600X160 Alrosa
Market Reports
United States: Some diamantaires diversifying into niche segments such as estate jewelry to improve profit margins...
Belgium: Buyers are selective and pushing for higher discounts as they sense suppliers’ need to raise liquidity and move inventory...
Israel: Faint and stronger fluorescent goods selling at notable discount to nonfluorescent...
India: Manufacturers maintaining low polished production but starting to consider rough purchases before Diwali break, which begins on October 27...
Hong Kong: Hope for busier trading during next week’s show, but few expect successful fair compared to previous years...
Trade Wire 600X160 April 2018
An Urgent Call to Invest in Marketing
WITH Shashin Choksi & Siddharth Choksi

For the diamond market to recover from its recent challenges, the entire industry must contribute to raising the budget for promoting the product. 

Nurturing the Next Generation of Diamantaires
WITH Joshua Freedman

Rapaport News joined 25 members of the Young Diamantaires group on a visit to De Beers’ Venetia mine in South Africa. The trip gave cause for optimism about the future of the industry.

Alrosa Looking to Boost Interest in Fluorescents
GBP 100,000 Reward Offered for Portland Tiara
Recession in Indian Jewelry Industry Leads to Job Losses
Sky-High Gold Prices Could Spell Lower Diamond Demand
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Martin Rapaport Urges $1B Marketing Spend
Miners need to help the industry reach consumers, he contends.
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Belgium Diamond Trade Slows
Rough and polished shipments continue to fall in August.
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Sotheby’s to Sell 81ct. Flawless Diamond
Item is one of only five emerald-cut stones over 80 carats to be offered at auction.
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Alrosa Sales Slide in August
Economic and industry-specific factors are affecting demand, miner says.
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Signet Scaling Back China Buying
Retailer believes it can avoid passing costs of tariffs on to consumers.
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Saks Unveils Luxury Jewelry Space
The Vault will include brands such as Bulgari, Chopard, TAG Heuer and Tiffany & Co.
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James Avery Picks Non-Family Member as CEO
Texas-based jeweler promotes COO John McCullough.
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Alrosa Consolidating Key Mining Division
Nyurba holds licenses for two major kimberlite pipes.
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Rio Tinto Unveils Array of Rare Argyle Pinks
Stones have been specially curated to showcase the mine’s full color palette.
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Lenders to Acquire Stornoway
Court grants company protection from creditors.
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Signet Names New UK Managing Director
Former Jessops CEO Neil Old succeeds Emma Hayward.
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Bonhams Sets $1.2M Target for Van Cleef Ring
Piece featuring 2.17-carat blue diamond is from a private collection.
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WJA Brings New Executive Director on Board
Organization also moving its headquarters to New York.
Trade Wire 12 Sept Jewelry Auction V2
Diamond Industry Stock Report

US retail stocks had a massive rebound, with J.C. Penney (+74%) gaining after announcing a strategy to bring in customers and increase sales, and Signet (+55%) receiving a boost when results beat analysts’ expectations. Tiffany (+12%) and Macy’s (+20%) also rose. In contrast, mining stocks lost some of their luster, with Lucapa (-6%), Mountain Province (-9%), Firestone (-9%) and Petra (-6%) all falling due to continued weak rough demand.

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