TradeWire® Weekly Email

Date:

8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
July 12, 2018
RAPAPORT MARKET COMMENT
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Polished trading seasonally quiet. Asian demand driving activity during US vacation period. Chinese buyers shifting to lower colors amid yuan currency devaluation (-4% since June 1 to CNY 6.67/$1). Weaker yuan will also impact tourist jewelry shopping. Dossiers selling well, with good orders for 0.50 ct., D-M, VS-SI, RapSpec A2+ diamonds. Polished suppliers maintaining steady prices after rough-price hikes. Miners limiting 2018 supply after global 2017 KP rough production +29% to $15.9B, volume +19% to 151M cts., average price +8% to $105/ct. Alrosa 1H sales estimated +8% to $2.7B. Petra Diamonds sells 76% stake in Kimberley operations to Ekapa Mining for $22M.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.05% 3.12% 6.22%
0.50 ct -0.01% 0.16% -1.81%
1.00 ct -0.21% 0.41% 0.68%
3.00 ct 0.24% 0.30% 3.24%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
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United States: Jewelry sales steady, with seasonal bridal demand during ongoing wedding period...
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Belgium: Dealers cautious about buying too much inventory before August vacation...
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Israel: Manufacturers concerned about high rough prices and tight profit margins...
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India: Suppliers maintaining prices with slightly lower polished production...
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Hong Kong: Chinese buyers restrained amid yuan devaluation...
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I Diamnond Anibanner2 Tradewire
De Beers, Botswana Prep for New Sales Deal
WITH Avi Krawitz

De Beers and the Botswana government are expected to begin negotiating a new marketing agreement that could see more production going to local sightholders. 

UPS AND DOWNS
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Kendra Scott, Coffee Shop Team Up for Jewelry Giveaway
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The Coolest Pieces at Paris Couture Week
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Suicide Rate Rising in India’s Diamond Polishing Sector
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Authorities Move to Seize Modi and Choksi Assets
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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Global Rough Production Surges in 2017
New mines in Canada drive 29% increase.
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Rio Tinto to Sell Largest Argyle Vivid Pink
3.14-carat Alpha is star of 2018 colored-diamond tender.
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US Polished Imports Jump in April
Shipments up 20% to $1.87 billion.
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Namibia Predicts Diamond-Sector Slowdown
Land-based mining resources are diminishing, says national bank.
retail
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Canada Stores Boost Michael Hill
Global revenue up 3.3% in fiscal year.
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Retail Division Drives Damiani Results
Sector’s rise offsets decline in wholesale business.
mining
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Alrosa Revenue Rises in Strong Rough Market
June sales up 7% year on year.
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Renard Output and Sales Fall in 2Q
Transition from open-pit to underground mining contributes to slowdown.
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Lucapa Continues Big-Diamond Streak
114-carat stone is the 11th over 100 carats the miner has unearthed from its Lulo deposit.
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Explosion Kills Worker at Alrosa Mine
Accident occurs less than a year after fatal Mir flood.
general
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WJA Awards Total of $65K to 45 Women
Organization aims to support professional growth among female members of the trade.
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Trans Atlantic Brings In $35M at Dubai Tender
Sale features high-quality rough from South Africa and Angola.
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Asian Jewelry Groups Launch International Council
JALC is a partnership between two existing trade bodies.
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Alrosa Finds Diamond Shaped Like Soccer Ball
Discovery takes place in middle of World Cup in Russia.
Gia Tw Banner E 31 May 2018
FINANCE
Diamond Industry Stock Report
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Weak equity markets in greater China attracted bargain buyers, driving up Chow Sang Sang (+3.9%), Chow Tai Fook (+3.5%) and Luk Fook (+6%). Trump’s trade war and falling oil prices hurt Russian stocks, dragging down Alrosa (-7%). Other mining stocks were a mixed bag, with Stornoway Diamond (+10%) and Firestone Diamonds (+8%) both gaining, while Gem Diamonds (-6%) fell. Signet (+7%) led US retail shares. 

Rapnet Trade Wire
Trade Wire Square July Single Stone
2018 14 Jun Free Trial Twsquare 300X300
11 Jul 2018 Rap Ac Digital 300X300Px Static
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