TradeWire® Weekly Email

Date:

8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
July 19, 2018
RAPAPORT MARKET COMMENT
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Slow trading, with dealers in summer vacation mode. Bargain-hunters asking for higher discounts during quiet period, but suppliers holding prices firm. Difficult to replace goods after recent price hikes and with fewer RapSpec A2+ goods on the market. US retail seasonally slow, but e-commerce strong as record Prime Day sales exceed Amazon’s Cyber Monday and Black Friday. Asia growth continues with Chow Tai Fook 2Q same-store sales +4% in China, +26% in Hong Kong/Macau. Concerns weaker yuan will impact 3Q consumer spending. Rough trading stable, with lower volumes supporting prices. De Beers 1H production +8% to 17.5M cts., sales -7% to 17.8M cts., average price +4% to $162/ct.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.36% 2.44% 6.29%
0.50 ct -0.05% -0.11% -1.05%
1.00 ct 0.01% 0.40% 0.93%
3.00 ct -0.40% 0.31% 3.11%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
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United States: Traders slowly returning from vacation, but finding it difficult to replace goods they sold before July 4 break...
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Belgium: Fewer orders, with dealers prepared to wait through the vacation period rather than sell at lower prices...
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Israel: Local dealers looking for goods during quiet summer months, with some categories selling at lower prices in the US than in India...
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India: Sentiment down due to sluggish summer demand, depreciating rupee and rumors of further bankruptcies...
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Hong Kong: Improving demand for 3 ct. and larger stones, but shortages are restraining deals...
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I Diamnond Tw Banner C July 17 New No Typo
UPS AND DOWNS
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How Premier Show Will Disrupt Las Vegas
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Startup Uses Augmented Reality to Sell Rings
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Authorities Act Swiftly After Customs Scam
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Slide in UK Retail Sales Dents Pound
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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133 Jewelers Join Sector in First Half
US industry still shrinking, says JBT.
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Surat Must Pivot to Marketing, Says Rapaport
Manufacturers should sell to smaller US jewelers, Martin Rapaport argues.
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US-China Trade War May Hit Jewelry Industry
Rough diamonds and other raw materials appear on list of potential American tariff targets.
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Paramount Acquires A. Jaffe for $5M
Sale of Nirav Modi jeweler covers inventory, intellectual property, and income from unpaid customer bills.
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Unique Designs to Buy Modi Company Inventory
Manufacturer offers $725,983 for Fantasy’s assets.
retail
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Hong Kong Growth Boosts Chow Tai Fook
Stronger consumer sentiment and tourism drive quarterly sales rise.
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Swarovski Consolidates Its Lab-Grown Brands
Diama label now part of Atelier Swarovski.
mining
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De Beers Sales Volume Rises in Positive Market
Price index up 1.6% in first half.
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Alrosa Plans to Dominate Colored-Diamond Market
Miner will debut collection at Hong Kong show in September.
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Rio Tinto Production Grows
Argyle and Diavik mines contribute to 7% increase in second quarter.
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De Beers Buys Peregrine Diamonds for $81M
Canada-based explorer owns promising Chidliak resource.
general
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New York Fairs Unite in One Location
Entry pass will give access to 2019 JA and NY NOW shows.
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India Sees Further Rise in Diamond Exports
Polished shipments up 9% in second quarter.
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Peter Meeus to Head World Diamond Mark
He replaces Alex Popov as chairman of marketing campaign.
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Belgium’s Polished Trade Grows in June
Exports up 4%, imports rise 7%.
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Plumb Club Names New President
Michael Lerche replaces Jonathan Cohen as head of suppliers’ alliance.
Gia Tw Banner E 31 May 2018
FINANCE
Diamond Industry Stock Report
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US equities had a strong week after Federal Reserve chairman Jerome Powell gave an upbeat outlook for the economy. Birks Group (+18%) led the retail sector, while Macy’s (+4.3%) and J.C. Penney (+2.7%) also gained. Asian jewelers fared worse amid continued concerns about the US-China trade war, with Luk Fook (-10%) seeing the steepest decline. Swatch Group (+4.4%) stood out among resurgent European luxury stocks after releasing positive results and a forecast of solid demand in Asia and North America. India’s PC Jeweller (-42%) tanked after it withdrew its offer to buy back investors’ shares.

Rapnet Trade Wire
300X300 July Mag 72Dpi
Rap Lab 29 Aug 2017 300X300
2018 Jul 7 Instant Inventory 300X300
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