News

Advanced Search

Rapaport TradeWire July 5, 2018

Jul 5, 2018 11:44 AM   By Rapaport
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
14 Dec 2017 Igi Trade Wire Top Banner
Rapaport TradeWire
July 5, 2018
RAPAPORT MARKET COMMENT
image

Diamond market slows as US wholesalers take vacation. Positive sentiment continues after polished prices strengthen in second quarter. 1 ct. RAPI +0.8% in June. Manufacturers upholding discounts as they defend high rough prices. Depreciation of currencies in China and India reducing budgets of local dealers and causing shift in demand to lower qualities. Diamantaires aligning their inventory with retailers’ needs and mining supply, resulting in slightly lower stock levels than this time last year. Improving demand for 0.70 ct., G-J, VS-SI, RapSpec A3+ after extended weak period. Belgium June rough imports -13% to $864M. Botswana’s Okavango joins GIA M2M tracking program.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct 2.72% 3.21% 5.88%
0.50 ct -0.05% 0.31% -2.53%
1.00 ct 0.48% 0.86% 0.60%
3.00 ct -0.16% 0.47% 2.50%
RAPI Yearly Graph
Usny 17 Jun 2018 Tw Banner July Dates
Market Reports
image
United States: Stable engagement and bridal sales during summer wedding season...
image
Belgium: Rough trading stable, but dealers and manufacturers concerned about tight margins between rough and polished...
image
Israel: Dealers expecting market improvement from September Hong Kong show...
image
India: Sentiment weaker amid bankruptcy rumors...
image
Hong Kong: Concern about potential impact of US-China trade dispute...
image
I Diamnond Anibanner2 Tradewire
De Beers’ Synthetics
WITH Martin Rapaport

De Beers’ decision to sell synthetic diamond jewelry raises important issues that are fundamental to the future of the natural diamond industry. 

Stop the Lies, Penelope Cruz
WITH John Costello

By labeling her new Swarovski jewelry line “sustainable,” the actress joins the list of celebrities spreading misinformation about the ethics of lab-grown diamonds.

UPS AND DOWNS
image
India Sets World Record for Most Diamonds in a Ring
image
How to Create the ‘Backbone’ of a Jewelry Collection
image
Angola Stops Exploration in CAR and Venezuela
image
Retailers Using Home Shopping Shows to Launder Money
image
Trade Wire 600X160 April 2018
WEEKLY NEWS
industry
image
News Thumbnail
Diamond Prices Rise in June
Market sentiment positive after Las Vegas shows.
News Thumbnail
Angola to Curb Sodiam’s Control of Rough Sales
Country will allow producers to sell 60% of diamonds to companies of their choice.
News Thumbnail
Okavango to Implement GIA’s M2M Tracking
Botswana diamond company will begin offering stones from the program at its July auction.
News Thumbnail
Israel Urges India to Reduce Diamond Tax
5% import duty damages trade, says Yoram Dvash.
retail
image
News Thumbnail
Jewelry Sales Up in China and Hong Kong
Tourism and consumer sentiment drive market in the municipality.
News Thumbnail
Signet Completes $446M Credit Outsourcing
Deal enables retailer to focus on core business.
News Thumbnail
Weak Gold Demand Hits Titan’s 1Q
Sales miss Indian retailer’s target.
News Thumbnail
Mayors Sale Saves Birks from Loss
Disposal of jewelry chain boosts group profit by $30 million.
News Thumbnail
Rio Tinto Launches ‘As Real as You’ India Campaign
Advertising will highlight Australian diamonds sourced from Argyle mine.
mining
image
News Thumbnail
Alrosa Auction Garners $17M
Vladivostok tender brings in average price of $8,500 per carat.
News Thumbnail
Sierra Leone Produces 144ct. Rough
Appraisers value stone at more than $600,000.
News Thumbnail
95ct. Diamond Boosts Mountain Province Revenue
Rough stone price sets company record.
News Thumbnail
Lucapa’s Mothae Mine Yields 89ct. Yellow
Company recovers diamond during bulk sampling.
News Thumbnail
Renard Operations to Resume After Fire
Blaze briefly restricted access to Stornoway asset.
News Thumbnail
Mob Invades Gemfields Site in Ethiopia
Staff members flee to safety after 300 to 500 people overrun emerald-exploration center.
News Thumbnail
Gem Diamonds Exec Velloza to Leave
Move comes just two months after promotion to deputy CEO.
News Thumbnail
Sales and Output Rise at Lucapa
Revenue from Lulo mine up 6% in second fiscal quarter.
News Thumbnail
Petra Sells Kimberley Mine for $22M
Ekapa buys company’s 76% stake.
general
image
News Thumbnail
GIA Grades ‘Largest’ Lab-Grown Pink
CVD diamond weighs 5.01 carats.
News Thumbnail
India Seeks Arrest of Winsome Chief
Central Bureau of Investigation asks Interpol for help finding Jatin Mehta.
News Thumbnail
World Diamond Congress Set for Mumbai
Event will take place in October.
Gia Tw Banner E 31 May 2018
FINANCE
Diamond Industry Stock Report
image

Shares in Anglo American (+6%), the owner of De Beers, rose this past week amid speculation of a merger with Vedanta Resources. Alrosa (+8.5%) gained after reports that it was close to acquiring Kristall Smolensk, and benefited further from a Russian stock-market rally ahead of a potential Trump-Putin summit. By contrast, Hong Kong-based jewelers Chow Sang Sang (-4.1%), Chow Tai Fook (-5%) and Luk Fook (-4.4%) slid as fears of a US-China trade war continued and the Chinese yuan lost value. US retailers J.C. Penney (-2.9%), Macy’s (-2%), Signet (-1.9%) and Walmart (-2.8%) also slipped. India’s Asian Star (-8%), Gitanjali Gems (-6%) and PC Jeweller (-6%) dropped amid a weak consumer market.

Rapnet Trade Wire
2018 14 Jun Free Trial Twsquare 300X300
Trade Wire Square July Melee
Rap Academy Tw Square
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2018 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire November 8, 2018
Nov 08, 2018
Industry Retail Mining General Finance November 8, 2018 RAPAPORT MARKET COMMENT Polished trading slow as Indian
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.