TradeWire® Weekly Email

Date:

26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
December 5, 2019
RAPAPORT MARKET COMMENT
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Jewelers and memo dealers gaining confidence after positive start to holiday season. E-commerce driving growth, with record $9.4B purchases on Cyber Monday, according to Adobe Analytics. NRF counts 189.6M shoppers and average spend +16% to $362 over Thanksgiving weekend. Tiffany & Co. 3Q sales flat at $1B, Signet Jewelers sales flat at $1.2B. Shortages and holiday demand supporting diamond prices, especially for diamonds below 1 ct. RAPI for 0.30 ct. +5.3% in Nov., 1 ct. -0.5%. Rough market improving with demand for RapSpec A3+ polished. De Beers returns to regular sales policy at next week’s sight, ending flexibility that allowed higher buybacks or deferrals.

12 Nov 2019 Phillips Trade Wire Banner 600X160
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.19% 5.23% -12.18%
0.50 ct 0.34% 1.85% -7.28%
1.00 ct -0.10% -0.64% -6.08%
3.00 ct -0.33% -0.28% -17.93%
RAPI Yearly Graph
5 Nov 2019 Gemolithos Tw Banner
Market Reports
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United States: Positive reports about the holiday season from wholesale and retail...
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Belgium: Market improving as shortages lead to firmer prices...
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Israel: Merger approval for Mizrahi-Tefahot Bank and Union Bank means smaller number of local lenders, sparking concerns about tighter credit for the industry...
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India: Rough orders expected to improve at next week’s sight as cutters prepare for post-holiday restocking among jewelers...
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Hong Kong: Retail still quiet due to weak consumer sentiment...
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21 Nov 2019 Bonhams Trade Wire Banner
UPS AND DOWNS
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German Police Receive over 500 Tips After Dresden Heist
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Resort’s Gem-Studded Christmas Tree Worth over $15M
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Fraud Scheme Nets $570K in Jewelry
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Diamond Crisis Not Set to End Soon, Analyst Says
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Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
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Sarine Joins Race to Buy HRD Antwerp
Three bidders in the running after IGI pulls out.
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De Beers Ends Special Supply Measures
Sightholders predict improvement in demand at next week’s rough sale.
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Diamond Market More Optimistic
Prices improve for 0.30-carat polished stones.
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Lab Warns of Color Instability in CVD
Change may even occur through casual use, including from UV rays at the beach, says GSI.
retail
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Tiffany Sales Stall as Tourist Spending Dries Up
Increase in mainland China compensates for weakness in US and Hong Kong.
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Signet Raises Full-Year Outlook
Same-store sales up 2.1% in third fiscal quarter.
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Holiday Season Gets Off to Solid Start
Black Friday and Cyber Monday both show record number of online purchases.
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Hong Kong Luxury Retail Sales Plunge
Total for category drops 43% year on year.
mining
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KP Gives CAR More Export Freedom
Government will no longer need approval to certify shipments from legal “green” zones.
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Zimbabwe Eyes Overseas Rough Tenders
Domestic sales carry limited appeal for buyers, state miner says.
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Gem Diamonds Firm on No-Dividend Policy
Nearly 25% of shareholders vote not to reelect CEO Elphick in response.
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Lucara Predicts Rise in Revenue for 2020
Miner expects sales of $180 million to $210 million for the year.
general
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GIA to Shut Down Dubai Branch
Lab’s education services and take-in facility will close by end of year.
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Tiffany, Pandora Receive Top Sourcing Scores
Jewelers were graded on carbon footprint, labor conditions and corporate governance, among other criteria.
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Hong Kong Troubles Weigh on Luk Fook
Revenue falls 20% in fiscal first half.
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Secondhand Could Spur Jewelry Sales – Bain
Analysts view category as entry point to luxury sector.
13 Nov 2019 Gia Id 100 Machine Tw Banner
FINANCE
Diamond Industry Stock Report
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Stocks had a negative week amid uncertainty over trade talks between the US and China. Pandora (-9%) and Birks Group (-6%) headed the declines among Western retailers, while Hong Kong-based Luk Fook (-3.7%) also fell. Chow Tai Fook (+6%) bucked the trend following strong sales in mainland China. While mining shares were mostly weak, Firestone’s stock price more than doubled after it restored power access at its mine in Lesotho.

Rapnet Trade Wire
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