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Rapaport TradeWire February 13, 2020

Feb 13, 2020 10:33 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
February 13, 2020

Dealers and manufacturers cautious, with deep concerns about impact coronavirus will have on the market. Slump in Chinese demand as retail shuts down during peak season, leaving jewelers with high inventory. Chow Tai Fook suspends 40 Hong Kong-Macau stores and 80% of China locations. Liquidity tight as Far East customers delay payments. India’s GJEPC appeals to banks and government for more time on loan repayments. Rough market slowing after strong Jan. sales. Inventory of 0.30 to 0.50 ct. polished rising again. Alrosa CEO Sergey Ivanov pledges to sell 22M ct. rough inventory in responsible manner. US 2019 polished imports -16% to $19.5B. Shane Durgin steps down as Dominion CEO.

5 Nov 2019 Gemolithos Tw Banner
Weekly Monthly Y2Y
0.30 ct -0.23% 2.15% -2.95%
0.50 ct -0.27% -0.06% -3.47%
1.00 ct -0.36% -0.81% -5.39%
3.00 ct -0.42% -1.90% -15.46%
RAPI Yearly Graph
Alrosa Usa 600 X160 2
Market Reports
United States: Mixed feedback from retailers about Valentine’s Day sales, with online and QVC-type TV platforms doing well...
Belgium: Fancy shapes selling, with improvement in marquise and pear shapes...
Israel: Steady trading among local dealers and some Indian buyers during International Diamond Week...
India: Inventory levels rising again due to China slowdown and strong rough buying in Dec.-Jan....
Hong Kong: Many businesses closed or working fewer hours and with minimal staff as coronavirus crisis continues...
26 Jan 2020 Tw Banner Jm Shipping Solution
Martin Rapaport Addresses Israel Diamond Week
WITH Martin Rapaport

Rapaport’s chairman outlined his views on the diamond industry at the event, warning attendees about the disruption that would result from the trade’s lack of profit, and calling for miners to reduce rough prices by 30%. Watch the full presentation here.

What Avocados Can Teach the Diamond Trade
WITH Joshua Freedman

Generic marketing has done wonders for the green fruit. What’s holding the diamond industry back from creating similar campaigns?

Clark’s Diamond Jewelers Wins Snow-Promotion Dispute
Endiama Seeks Partners to Become Top Producer
Virus Hits China’s Gold Jewelry Demand
Bulgari Becomes Latest to Turn Its Back on Baselworld
Trade Wire 600X160 April 2018
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Panel Highlights Traceability Opportunity
A race for market share has heated up in the diamond-provenance space.
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De Beers Scores Partial CVD Patent Victory
Element Six and IIa Technologies share the spoils in Singapore synthetics dispute.
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GJEPC: Coronavirus May Lead to Payment Delays
Organization asks banks and government for help, as Chinese clients are unable to settle debts.
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Film Highlights Diamond Industry’s Sustainability
Third episode of Fashionscapes series by Livia Firth explores Botswana’s trade.
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Israel Diamond Week Lifts Local Trade
Event highlights the state of the market and traceability, among other topics.
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Virus Plagues Chow Tai Fook Operations
Some Hong Kong and Macau workers will take leave or temporarily relocate to other stores.
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Jewelry Proves Strong for Kering in 2019
Fashion collections and a new line of eye accessories have sold well.
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Bulgari Latest Brand to Exit Baselworld
Move comes on heels of Gucci and Breitling withdrawal announcements.
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Pomellato Explores Secondhand Market
Jeweler begins three-month partnership with resale platform.
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Alrosa Puts Lower-Value Mines on Hold
Company expects reduced production until 2021.
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Dominion Appoints Interim CEO
Role represents third appointment since Washington Companies’ 2017 acquisition.
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Grib Diamonds Taps New Rough Source
Belgian sales unit starts buying Angolan goods.
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Bonhams Shelves Auction Amid Virus Epidemic
Auctioneer postpones its Hong Kong Jewels and Jadeite sale, previously scheduled for March.
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US Polished Imports Drop to Nine-Year Low
Shipments slid 16% by value in 2019.
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Weak Yellow Market Hits Fancy-Color Prices
Figure for this hue drops 5.4% in the fourth quarter.
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Bonhams Chairman Steps Up as CEO Exits
Bruno Vinciguerra to assume role of chief.
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Hong Kong Polished Imports Drop in 2019
Figure falls 13% for full year.
13 Nov 2019 Gia Id 100 Machine Tw Banner
Diamond Industry Stock Report

Global retail stocks slid amid a rise in the number of coronavirus outbreaks, with Macy’s (-2.6%), Luk Fook (-5%) and Pandora (-6%) all falling. Mining shares also faced a difficult week. Fears of low consumer sentiment hit market demand in the wake of the epidemic. Lucapa (-8%), Petra (-7%), Firestone (-4%) and Lucara (-3.5%) all lost ground.

Rapnet Trade Wire
Tradewire Box February 2020 Single Stone
2019 Nov 3 Comp Edge 300X300Px Final
300X300 Mag Cover
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