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Rapaport TradeWire April 12, 2018

Apr 12, 2018 11:22 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
April 12, 2018

Optimistic mood as trading resumes after spring break. Polished prices stable, with 1 ct. RAPI -0.1% in March. Chinese dealers buying stock ahead of potential yuan devaluation that may raise local prices if China-US trade war emerges. European high-end market mixed, with large luxury houses doing better than smaller niche players: LVMH 1Q jewelry & watch sales +9% to $1.2B; De Grisogono to cut around 40 jobs in strategic shift to affordable fine jewelry & watches. Sotheby’s Hong Kong sells $49M (61% by lot), but emerald-cut, 14.18 ct., fancy blue, VVS2 diamond ring remains unsold. Alrosa March sales -1% to $560M. Hong Kong 2017 polished imports +9% to $18.9B, exports +5% to $14B.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.98% -0.68% 1.22%
0.50 ct -0.08% 0.31% -9.06%
1.00 ct -0.05% -0.30% -1.24%
3.00 ct 0.22% 0.57% 0.72%
RAPI Yearly Graph
Unique Trade Wire 600X160
Market Reports
United States: Growth-minded retailers investing in e-commerce, better distribution and innovation in effort to drive customers to stores...
Belgium: Rough trading stable during De Beers sight, with boxes selling on the secondary market at slightly lower premiums...
Israel: Large-stone orders quiet. Dealers focused on US market, with rising expectations for upcoming Las Vegas shows...
India: Manufacturers with sizable credit lines facing greater scrutiny from banks...
Hong Kong: Stronger tourist spending and improved job market lift retail sentiment in 2018...
Trade Wire 600X160 April 2018
US-China Trade War Shouldn’t Hurt Diamonds
WITH Joshua Freedman

The global diamond sector may have felt nervous about the US proposal earlier this month to place $50 billion worth of tariffs on Chinese goods. The response from the People’s Republic last week — threatening its own duty hike on American products — raised the stakes higher still. However, neither country is likely to include gems or jewelry in a trade war. And even if they did, the impact would be minimal, according to senior industry figures.

Stability Makes Diamonds a Good Investment
Heirloom Jewelry Tells the Story of a Family
Rough Prices Sluggish After PNB Scandal
HRW: Chopard Ethical Sourcing Not Entirely Accurate
28 Feb 2018 Carat Tw Banner 600X160
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Diamond Trading Slows in March
Market sentiment softens after disappointing Hong Kong show and major bank fraud in India.
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Zimbabwe Looks to Reform Marange Sales
State mining company revamps operations at controversial deposit.
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Top Jewels Fail to Sell at Sotheby’s Auction
Blue-and-pink diamond ring and jadeite bangle left without buyers.
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Hong Kong Polished Imports Rise
Municipality sees increase in shipments from India and the US.
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High-End Slump Forces Layoffs at De Grisogono
Luxury Swiss jeweler will cut up to 41 jobs globally.
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Titan Predicts Boost from India’s Crackdowns
Regulatory changes will mainly hurt less-established companies, jeweler says.
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Jewelry and Watch Sales Rise for LVMH
Company saw 9% growth in the category during first quarter.
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De Beers Opens Stores in Moscow and Riyadh
Diamond giant now has 32 branches worldwide.
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Birks Gets New Omni-Channel VP
Aurélie Pépion is the former Canada managing director for Swarovski.
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Large-Stone Demand Drives Alrosa Sales
First-quarter rough revenue up 20%.
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Mountain Province Gets Approval for Kennady Deal
Shareholders give green light to acquisition.
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Lucapa Raises $13M to Broaden Australia Drilling
Miner will use investment to expand lamproite exploration project.
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37ct. Diamond Boosts Stornoway Prices
Miner notes strong start of year for rough market.
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Pangolin Acquires Former De Beers Mine
Company announces resignation of chairman Gareth Penny.
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Sotheby’s to Sell Two D-Flawless Diamonds
Gems are among the largest, purest white stones to go under the hammer.
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Christie’s to Auction 20ct. Yellow Diamond Ring
Geneva sale also includes Burmese sapphires, Art Deco pieces and retro jewels.
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Israel Bourse’s Eli Avidar Moves into Politics
Exchange chief plans to run in country’s next elections.
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Arts Group Rewards Ethical Jewelry Practices
Toby Pomeroy receives the first leadership award for this category.
25 Mar 2018 Gia Tw Banner
Diamond Industry Stock Report

China’s announcement that it would open its economy to foreign investors resulted in stock increases across global markets since the last TradeWire two weeks ago. Birks Group (+16%) and J.C. Penney (+21%) led US retail shares, while Chow Tai Fook (+12%) gained in Hong Kong. In Europe, Kering (+13%) and LVMH (+15%) both rose, with the latter also benefiting from strong first-quarter sales. Lucapa Diamond (+20%) secured an investment to expand its exploration. Shares in Petra Diamonds (-8.2%) showed a downward trend, but recovered some ground after the miner struck a deal with its lenders. Gitanjali Gems (-35%) continued to decline following fraud allegations.

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