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Rapaport TradeWire November 14, 2019

Nov 14, 2019 9:50 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
November 14, 2019

Polished market stable and showing rise in demand for 0.30 to 0.50 ct. Reduced manufacturing has led to shortages of top-quality RapSpec A3+ goods. Rough trading steady after price cuts at $390M Nov. De Beers sight. Alrosa 3Q profit -44% to $212M with concern over built-up 21.7M ct. inventory. Retail outlook optimistic as Dow hits record (+19% YTD to 27,783). Ongoing unrest dampens Hong Kong luxury. Richemont 1H jewelry sales +8% to $4.1B. Christie’s Geneva sells $55M (93% by lot) including rectangle, 7.03 ct., fancy deep purple blue, VVS2 for $11.6M ($1.7M/ct.). Sotheby’s garners $54M (80% by lot) including pear, 6.03 ct., fancy intense purple pink, VVS2 for $3.4M ($556K/ct.).

12 Nov 2019 Phillips Trade Wire Banner 600X160
Weekly Monthly Y2Y
0.30 ct 0.16% 2.12% -16.60%
0.50 ct 0.10% 0.70% -9.08%
1.00 ct -0.16% -0.19% -5.94%
3.00 ct 0.07% -0.83% -18.42%
RAPI Yearly Graph
5 Nov 2019 Gemolithos Tw Banner
Market Reports
United States: Rising expectations for holiday season that begins on Thanksgiving weekend (Nov. 29)...
Belgium: Rough trading active, with more stones available on secondary market following De Beers and Alrosa price cuts....
Israel: Large delegation of 21 companies traveling to Nov. 28 Hong Kong International Jewelry Show despite ongoing unrest in the city...
India: Volatile rupee (INR 72/$1) adding to market uncertainty...
Hong Kong: Polished market showing steady demand from China and rest of Asia Pacific...
Trade Wire 600X160 April 2018
Synthetics vs. Natural: The Battle over Value
WITH Avi Krawitz

What makes a diamond valuable? The recent Dubai Diamond Conference exposed the different philosophies of the miners and lab-grown producers.

Gen Z Consumers Plan to Shop In-Store over Holidays
Rare Hemmerle Collection Goes Under Hammer
Violence Dents Efforts to Fight Illegal Mining in S. Africa
Trade in Trouble as Polished Prices Continue to Drop
13 Nov 2019 Gia Id 100 Machine Tw Banner
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De Beers Sightholders Embracing Synthetics
Miner prepares new guidelines for clients with lab-grown businesses.
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7ct. Blue Fetches $12M at Christie’s Geneva
Moussaieff ring one of 12 items selling for more than $1 million at Magnificent Jewels auction.
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India Polished Exports Drop
Average price slumps 22% in October.
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Cartier Bracelet Soars Past Estimate at Sotheby’s
Female Asian collector buys sapphire and diamond piece for $6.1 million.
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Bailey Banks & Biddle Files for Chapter 11
Jeweler, founded in 1832, estimates liabilities of up to $50,000.
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Richemont Weathers Hong Kong Storm
Sales at Cartier and Van Cleef & Arpels up 8% in first fiscal half.
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Forevermark Opens First US Boutique
California store is part of a partnership with Padis Jewelry.
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Michael Hill Offers Lab-Grown Collection
Jeweler selling eight ring styles priced between $4,100 and $10,920.
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Alibaba Sees Record Singles’ Day Sales
Total transaction value up 26% to $38 billion.
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Titan Revenue and Profit Increase
Sales rise 2% to $657.7 million in second fiscal quarter.
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Rough Market Picks Up at De Beers Sight
November sales drop 12%, but slowdown eases.
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Alrosa Launches Digital Tenders with Sarine Tech
Buyers can scan rough diamonds to evaluate polished output and reduce risk.
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Sotheby’s to Sell Rare Fancy-Color Diamond
7.55-carat Indian Blue will lead New York Magnificent Jewels auction.
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Two New Governors Join GIA Board
Jeffrey Post is a research geologist, while Tammy Storino is a finance executive with experience at consumer brands.
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Art Deco Jewels Lead Bonhams Auction
1940 aquamarine and diamond necklace estimated at up to $192,435.
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Jewelers Top Luxury ‘Brand Intimacy’ Study
Rolex, Cartier and Tiffany capture first, second and third places.
Trade Wire Banner 13 Nov 19 Keynote Presentations
Diamond Industry Stock Report

Retail shares fell as investors showed concern about store closures, tariffs and declining sales, with Signet (-5%), Chow Sang Sang (-9%), Luk Fook (-8%) and Richemont (-8%) all sliding. Kering (+3%) and J.C. Penney (+7%) bucked the trend. Mining stocks continued to slip amid weak rough demand: Firestone (-7%), Mountain Province (-7%) and Lucara (-4%) lost ground.

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Tradewire Box November Single Stone
2019 Nov 3 Comp Edge 300X300Px Final
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