Advanced Search

Rapaport TradeWire January 30, 2020

Jan 30, 2020 10:43 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
January 30, 2020

Chinese coronavirus outbreak raising concerns about retail demand as businesses extend Lunar New Year shutdown. Travel restrictions likely to affect global trading, leading to possible polished oversupply following strong rough demand. De Beers Jan. sales +9% to $545M as sightholders replenish inventory after good holiday season. Petra Diamonds 1H revenue -6% to $194M but notes rough-price increase in early 2020. LVMH 2019 jewelry and watch sales +7% to $4.8B with strong year at Bulgari. De Grisogono files for bankruptcy after reports link it to Isabel dos Santos corruption probe. Martin Rapaport Keynote Presentations at Israel Diamond Exchange Feb. 10 and Palm Beach Show Feb. 16.

5 Nov 2019 Gemolithos Tw Banner
Weekly Monthly Y2Y
0.30 ct 0.37% 2.20% -4.62%
0.50 ct 0.03% 1.70% -2.94%
1.00 ct 0.10% -0.26% -5.02%
3.00 ct -0.04% 0.90% -14.53%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Weak market for expensive 3 ct. and larger stones in high colors and clarities...
Belgium: Customers showing appetite for larger 2 ct.+ diamonds, but only for top cut grades...
Israel: Israeli companies in better shape than others as solid holiday sales left them with diminished inventory...
India: Cutters and traders increasingly considering lab-grown diamonds in search of better profit margins...
Hong Kong: Uncertainty about upcoming trade show (Mar. 2-8) due to coronavirus situation...
13 Nov 2019 Gia Id 100 Machine Tw Banner
Russian Governor Says Alrosa’s Mir Mine Will Reopen
10 Standouts from the 2020 Edition of VincenzaOro
Coronavirus May Impact India’s Polished Exports
Tiffany Amends SEC Filing Following Court Challenges
2019 Nov 28 Rap Net Comp Edge 600X160Px Static Final
News Thumbnail
De Grisogono Files for Bankruptcy Amid Probe
Jeweler was caught up in alleged money-laundering scandal involving Isabel dos Santos and her husband.
News Thumbnail
De Beers Sales Rise to Nine-Month High
Demand increases due to post-holiday inventory replenishment.
News Thumbnail
Martin Rapaport to Speak at Palm Beach Show
Lecture will explain the challenges and opportunities in the diamond industry.
News Thumbnail
Jewelry and Watches Strong for LVMH in 2019
Sales for the categories grow 7% at Bulgari owner.
News Thumbnail
Swarovski Debuts Lab-Grown Diamond Colors
Crystal brand introduces 16 new hues at Paris Haute Couture Fashion Week.
News Thumbnail
Consumers Choosing Higher-Priced Timepieces
Watches of Switzerland has been tracking its transaction data for five years.
News Thumbnail
Weak Market Dents Alrosa Sales
Annual revenue falls 26% in 2019.
News Thumbnail
Graff Unit Signs Polishing Deal with Lucapa
Safdico will manufacture a portion of diamonds and split profits with the miner.
News Thumbnail
Rough Slump Hits Mountain Province
Revenue for 2019 down 13%.
News Thumbnail
Petra Revenue Drops as Prices Weaken
Half-year proceeds slip 6% despite $15 million sale of blue diamond.
News Thumbnail
Diamcor Sales Stall Amid Shift to Cheaper Rough
Average price drops 45% in third quarter.
News Thumbnail
WDC Welcomes New Executive Director
Elodie Daguzan was previously head of communications and industry relations at Rubel & Ménasché.
News Thumbnail
China Demand Drives Swiss Watch Growth
Retailers stocked up in anticipation of strong Lunar New Year sales.
News Thumbnail
Gem Symposium to Hold Synthetics Debate
Sixth Mediterranean Gemmological & Jewelry Conference will take place in Thessaloniki, Greece.
News Thumbnail
Plumb Club Brings In New Marketing Director
Michael O’Connor has worked for Frederick Goldman and Platinum Guild International.
Tradewire Banner February 2020 Single Stone
Diamond Industry Stock Report

Global retail shares dropped amid fears about the effects of the coronavirus on consumer spending. Signet (-3.3%), Chow Tai Fook (-10%), Luk Fook (-8%), Swatch (-9%) and LVMH (-5%) all lost ground. Mining stocks also took a hit, with Lucapa (-19%), Petra (-11%), Rio Tinto (-8%) and Alrosa (-7%) falling.

Rapnet Trade Wire
2019 Nov 3 Comp Edge 300X300Px Final
Tradewire Box February 2020 Single Stone
300X300 Mag Cover
Contact Us
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2020 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire May 21, 2020
May 21, 2020
Industry Retail General Finance May 21, 2020 RAPAPORT MARKET COMMENT Diamond trading remains at historic
Rapaport TradeWire April 23, 2020
Apr 23, 2020
Industry Retail Mining General Finance April 23, 2020 RAPAPORT MARKET COMMENT Sentiment weak due
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.