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Rapaport TradeWire December 12, 2019

Dec 12, 2019 10:23 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
December 12, 2019

Polished trading driven by last-minute US holiday orders and preparations for Chinese New Year. Multi-channel marketing and personalization are key themes for retail this season. Consumers shifting to lower price points. Diamantaires satisfied with Dec. orders after tough year. Dealers hoping reduced rough supply will support prices and relieve inflated polished inventory. De Beers cuts production plan to 32M-34M cts. as Anglo American reports 2019 inventory grew by $500M. Bain forecasts recovery only in 2021. ABN Amro tightens credit conditions, citing reduced midstream requirements due to streamlined production and sales efficiency.

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Weekly Monthly Y2Y
0.30 ct 0.58% 4.90% -11.12%
0.50 ct 0.32% 1.44% -6.83%
1.00 ct -0.13% -0.80% -5.99%
3.00 ct -0.34% -0.65% -18.34%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Major brands trying to woo customers with pop-up stores and community events...
Belgium: Holiday orders selective as jewelers avoid holding large inventory over the festive period...
Israel: Buyers looking for goods in India but are very selective and finding it difficult to fulfill their requirements due to shortages...
India: Manufacturers cautiously raising production levels...
Hong Kong: Chinese buyers coming back to the city in search of goods for the Chinese New Year on January 25...
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Trends Shaping the Industry
WITH The Rapaport Diamond Podcast

With the holiday season well under way, the Rapaport Diamond Podcast debates the trends developing in the retail space. The team also picks the most impactful stories from 2019, and makes one or two predictions for the year ahead. 

Angola to Produce First Diamonds from New Pipe in 2020
Ex-Israel Security Chief Hired to Find Dresden Jewels
Nirav Modi Scandal Hurting India’s Economy
What the Holidays Could Do to Department Stores
2019 Nov 28 Rap Net Comp Edge 600X160Px Static Final
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Pressure on Diamond Midstream to Increase
Powerful retailers and miners are dictating prices to manufacturers, says Bain & Company.
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ABN Amro Tightens Diamond Lending Terms
Bank imposes further controls to reduce industry’s reliance on credit.
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Can Nanotechnology Save the Diamond Trade?
Bruno Scarselli’s Diamtek aims to use its laser-tagging system as a catalyst to make the industry more attractive to lenders.
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DEF Rebrands as Diamonds Do Good
Consumers already recognized organization by this tagline.
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Tiffany Launches Men’s Pop-Up Store
Location will be open from December 6 to January 6 in New York.
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Ex-Pandora Exec Joins J.C. Penney
Karl Walsh takes on role of chief digital officer for the department store.
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Watches of Switzerland Hires New Marketing VP
Katie Reed will oversee all North American communications for the brand, as well as for subsidiary Mayors.
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De Beers Lowers 2020 Production Forecast
Company takes “prudent approach” to rough supply.
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Alrosa Sales Reach Six-Month High
Rise indicates midstream sector is on track to restore balance, miner believes.
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Petra’s South African Operations Back on Track
Local electricity provider has lifted power-usage restrictions.
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Gem Diamonds Digs Up 114ct. Yellow
Stone is 11th over 100 carats to come from Letšeng this year.
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Alrosa Identifies Potential New Diamond Resources
Three new exploration sites could yield 17.9 million carats of rough.
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Sotheby’s Brings In $43M at New York Sales
Indian Blue diamond ring is top seller, fetching $6.6 million.
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Ruby Brooch Smashes Estimate at Christie’s
Piece from collection of Jessie Ball duPont sells for nearly $9 million at New York auction.
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Blue Diamond Earrings Score Big at Bonhams
Set goes for $1.3 million, exceeding its high estimate.
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Phillips New York Auction Nets $5.4M
3.02-carat blue diamond ring by Tiffany leads sale with final price of $1.6 million.
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Diamond Industry Stock Report

Shares in Signet (+20%) rose after the retailer increased its sales forecast for the year, while Macy’s (+5%) also had a strong week. Hong Kong retailers Chow Tai Fook (-2.1%) and Luk Fook (-2.9%) both fell amid a slowdown in consumer spending resulting from ongoing protests and the US-China trade war. Alrosa (+7%) climbed following an improvement in demand in November. Other miners didn’t fare as well, with Lucara (-3.6%) and Firestone (-4.6%) declining.

Rapnet Trade Wire
Joseph Gad 12 Dec 19 Tw Square
2019 Nov 3 Comp Edge 300X300Px Final
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