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Rapaport TradeWire September 26, 2019

Sep 26, 2019 10:59 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
September 26, 2019

Hong Kong show signals shift to lower price points. Chinese dealers and consumers focused on domestic spending, with cautious Far East demand affecting sentiment. Steady interest in 0.30 to 1.99 ct., G-I, SI-I1, RapSpec A3+ diamonds, and reduced supply supporting price levels. 3 ct. and larger, D-F, VVS+ weak. Improved liquidity for inexpensive melee as Rapaport Melee Auction sells $6M (84% by value, 76% by lot). De Beers offers 30% buybacks at Sep. sight. India Aug. rough imports -4% to $861M. Rapaport offices will be closed on Monday and Tuesday (Sep. 30-Oct. 1) due to Rosh Hashanah. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year.

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Weekly Monthly Y2Y
0.30 ct 0.21% 0.10% -20.40%
0.50 ct 0.21% -0.17% -9.93%
1.00 ct 0.06% -0.62% -6.15%
3.00 ct 0.24% -1.41% -18.89%
RAPI Yearly Graph
Bonhams 18 Sept 2019 Tw Banner
Market Reports
United States: Retailers preparing inventories for holidays amid uncertain consumer sentiment due to trade war...
Belgium: Dealers concerned about exposure to the difficult Far East market...
Israel: 3 ct. and larger, D-F, IF-VVS diamonds sluggish...
India: More cutters entering lab-grown as they seek to improve profit margins and liquidity...
Hong Kong: Low expectations for Oct. 1 Golden Week as both tourist spending and Chinese demand have declined...
Trade Wire 600X160 April 2018
Brazilian Jewelry Chain Vivara Plans to Raise $395M in IPO
The Best Jewelry at the Emmy Awards
India Tax Cuts Unlikely to Create Jobs, Economists Warn
Court Appoints Provisional Liquidator for Merlin Diamonds
15 Aug 2019 Gia Id 100 Machine Tw Banner
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313ct. Diamond Emerges as World’s Largest D-Color
Nemesis International produced the polished from the 813-carat Constellation rough.
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Hong Kong Show Reflects Slow Chinese Demand
Trading and traffic were predictably low.
News Thumbnail
India Reduces Industry’s Tax Burden
Government slashes GST on “job work” to 1.5% from 5%.
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Blockchain Group Everledger Gets $20M Funding
Chinese internet giant Tencent leads Series A round.
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US Polished Imports Decline
Shipments down 21% in July amid slide in average price.
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Consumers Willing to Pay More for Verification
Survey respondents value third-party authentication of responsible sourcing.
News Thumbnail
WD Lab Grown Diamonds Hires New CEO
Sue Rechner is a veteran of luxury brands Movado, Seiko and Frederick Goldman.
News Thumbnail
Ex-De Beers Exec Joins Synthetics Supplier
Richard Whitby will be chief financial officer for Altr Created Diamonds.
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Alrosa Board Approves Kristall Takeover
Miner expects to close deal in the first half of October.
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Petra Recovers 20ct. Blue Diamond
Miner finds type IIb stone at its Cullinan deposit in South Africa.
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Stornoway to Lose Stock-Exchange Listing
Toronto bourse will suspend the company on October 18.
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Plumb Club Requires Members to Join RJC
Groups want to create standardized code of practices for the industry.
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Graff Bracelet Exceeds Expectations at Bonhams
Piece sells for $749,847, more than four times its high valuation.
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Dubai Opens Revamped Diamond Bourse
Exchange can host up to 200 buyers at once.
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Cartier Sapphire Ring Crushes Estimate at Skinner
Twin-stone piece fetches $873,000 in Boston.
Auction Banner Trade Wire 2
Diamond Industry Stock Report

Hong Kong retail shares fell amid weakness in the local stock market, with Chow Sang Sang (-5%), Chow Tai Fook (-5%) and Luk Fook (-4%) all down. In the US, Macy’s (-5%) and Tiffany (-1.5%) also lost ground. Mining equities were mixed, with Petra (-14%) continuing its descent following disappointing results, while Mountain Province (+22%) jumped.

Rapnet Trade Wire
Rn Jewerly Phase 3 Banner 052219 300 X300Px Tw Static
Ra 19310 113 Tradewire Square October Single Stone
11 Jul 2018 Rap Ac Digital 300X300Px Static
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