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Rapaport TradeWire June 21, 2018

Jun 21, 2018 11:04 AM   By Rapaport
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14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
June 21, 2018

Hong Kong show opens with rising expectations for Chinese demand after Las Vegas demonstrates positive US market. Polished prices firm for RapSpec A2+ diamonds, and buyers shifting to lower price points for lower-quality goods. Limited inventory supporting prices for 3 ct. and larger diamonds. Rough trading steady during De Beers sight, despite tight manufacturing profit margins. Consolidation among cutters and dealers expected as high rough prices reduce profitability. India May polished exports +8% to $2.2B. Antwerp’s AWDC unveils automated polishing technology. Martin Rapaport issues statement calling on De Beers to cancel its restriction on source disclosure.

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.02% 0.11% 1.91%
0.50 ct 0.09% 0.33% -4.69%
1.00 ct 0.14% 0.43% -0.49%
3.00 ct -0.18% 0.79% 1.70%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
United States: Retailers limiting purchases to replacements for sold stock...
Belgium: Liquidity concerns as banks continue to refuse diamond-industry lending...
Israel: Focus shifts to Far East after Las Vegas shows...
India: Small manufacturers struggling to source rough at current price levels...
Hong Kong: Jewelers increasing inventory and fueling optimism for the Hong Kong fair...
Trade Wire 600X160 April 2018
De Beers Destroying Transparency in the Diamond Industry

Martin Rapaport, Chairman of the Rapaport Group, calls on De Beers to immediately cancel its restriction on source disclosure. Following his “State of the Industry” speech at JCK Las Vegas, he accuses De Beers of refusing to let its clients disclose the legitimacy of the company's diamonds.

Victoria Beckham Sports New Yellow Diamond Ring
Customers’ Valuables Safe After Tornado Wrecks Store
‘Catwoman’ Wildenstein on the Hook for $250K of Jewels
Police Capture Jewelry Thief in Random Traffic Stop
Gia Tw Banner E 31 May 2018
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Cryptocurrency Boosts Silicon Valley Jeweler
Payment method accounted for approximately 20% of Stephen Silver’s revenue over the last year.
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Dealer Holding $30M Diamond ‘Hostage,’ Lawsuit Says
Stakeholder failed to return 30-carat pink after borrowing it on memo, alleges stone’s majority owner, L.J. West.
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Antwerp Unveils Automated Polishing Technology
New machine makes process 10 to 20 times faster, claims AWDC.
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Platinum Sales Rise in US, India
Low unemployment rate, strong consumer confidence, and tax reform are key factors.
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De Beers Retail Unit Drops ‘Diamond’ from Name
Move reflects “public brand identity already in use.”
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Helzberg Debuts ‘Will You?’ Proposal Ring
Buffett subsidiary’s $50 placeholder band lets couple choose real one together without ruining the surprise.
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Richline Group Shakes Up Senior Leadership Team
Ramona Genao-Archibald and Bobby Kempler take on new roles.
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Michael Hill Reshuffles Australia Management
Move is part of retailer’s increased focus on core brand.
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Pandora Launches Bangkok Factory
New facility will significantly reduce jeweler’s production time.
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New Online Jewelry Marketplace Opens
Consumers will have access to Markette Six from July.
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Lucara Sells Two Huge Diamonds at $32M Tender
327-carat rough fetches $10 million.
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Lucapa Rough Sale Yields $2M
Diamonds sell for average price of $1,150 per carat.
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HRD Antwerp to Open Moscow Grading Lab
Center will be its first in Russia.
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India’s Polished Exports Rise in May
Shipments grow 8% year on year.
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New JewelPoint Event Aims to Connect Traders
First edition will take place in San Diego in October.
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Chinese Bourse Hosts India Diamond Week
Manufacturers and jewelry producers attend event at Shenzhen exchange.
19 Jun 2018 Rap Auctions Tw Banner July Melee
Diamond Industry Stock Report

Signet (+3.6%) and Macy’s (+3.3%) led US retail stocks this past week after positive May sales data boosted confidence in the sector. Shares in Hong Kong jewelers fell amid fears of a US-China trade war, with Luk Fook (-8.9%) declining the most. A management reshuffle at Australia’s Michael Hill (-9.4%) appeared not to go down well with investors, while Gitanjali Gems (-20%) and Asian Star (-12%) were the poorest performers in a negative week for Indian retailers. Mining stocks were mixed, with Alrosa (+7.3%) leading the gains, and Firestone Diamonds (-14%) recording a heavy drop.

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