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Rapaport TradeWire November 8, 2018

Nov 8, 2018 10:28 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
November 8, 2018
RAPAPORT MARKET COMMENT
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Polished trading slow as Indian market shuts for Diwali. Dealers focused on US orders ahead of holiday season, but hoping for boost from China’s 11/11 Singles’ Day. Alibaba expanding diamond and jewelry platform, enabling Belgian and Israeli suppliers to sell directly to consumers. US e-commerce expected to rise 15% in Nov.-Dec. Rough trading cautious ahead of De Beers sight as manufacturers hold large inventory during Diwali break. Alrosa cuts FY sales forecast due to weak small-stone demand, reports 3Q revenue +20% to $1B, profit +87% to $366M. US Aug. polished imports +16% to $1.8B. Israeli police arrest Leviev employees and relatives on diamond-smuggling allegations.

Iidgr Tw Banner Jan 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.10% -1.27% 4.67%
0.50 ct -0.08% -0.69% 4.20%
1.00 ct 0.13% -0.47% 1.10%
3.00 ct -0.18% -2.10% -3.37%
RAPI Yearly Graph
Usny Tw Oct 14 2018
Market Reports
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United States: Retail sales stable, but holiday traffic has yet to begin...
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Belgium: Low-quality fancy-color diamonds weak, with a lot of available inventory...
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Israel: Some dealers focused on refining online offering ahead of China’s Singles’ Day festival...
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India: Jewelers report encouraging sales during Diwali, boosted by lower gold prices due to weak rupee...
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Hong Kong: Chinese retail sales robust, but wholesalers cautious due to currency uncertainties and trade tensions...
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Trade Wire 600X160 April 2018
Everything Changes, Some Things Stay the Same
WITH Avi Krawitz

Behind the debate regarding what language to use when referring to a diamond lies a deep concern about the growing acceptance of synthetics. De Beers’ entry into the lab-grown market and the Federal Trade Commission’s revised definition of what constitutes a diamond have exposed a need for trade groups to be more proactive in dealing with the many challenges facing the natural-diamond market. 

UPS AND DOWNS
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US Christmas Sales Expected to Surpass $1 Trillion
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Botswana Diamonds Hopes to Launch Its First Mine
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Indian Group Claims Police Harassing Jewelers Pre-Diwali
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Links of London’s US Division Files for Chapter 7
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Gia Tw Banner E 31 May 2018
WEEKLY NEWS
industry
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Diamond Prices Slide Before Diwali Break
1-carat RAPI down 0.9% in October.
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Alibaba Strikes Deal with Belgian Trade
Chinese e-commerce site will work with HRD Antwerp and AWDC.
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Police May Question Lev Leviev over Smuggling
Six relatives and employees of diamond mogul arrested, reports say.
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IDMA, WFDB Consider Joining Forces
Downsizing of cutting sector has hurt the manufacturing association’s membership.
retail
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US Online Holiday Sales to Jump 15%
Retailers with both a physical and an e-commerce presence will perform best, says Adobe Analytics Data.
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Pandora Slashes Full-Year Forecast
Retailer will slow its acquisitions of franchisees and open fewer stores.
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Lower Prices Boost Gold-Jewelry Demand
Indian market for the metal grew 10% in the third quarter.
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Typhoon Hits Hong Kong Luxury Sales
Growth slows as September storm affects tourism.
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First Graff Canada Boutique to Open at Birks
Standalone store will exclusively house the luxury jeweler’s products.
mining
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Alrosa Lowers Full-Year Sales Outlook
Miner notes weaker demand for small diamonds in second half.
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Lucapa Finds New Source at Lulo Mine
Miner recovers 55-carat stone at alluvial exploration site.
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Namdia Garners $143M in First Annual Sales
Namibia’s rough-diamond division plans to expand client base.
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Firestone Unearths 326ct. Diamond
Low prices of small stones dent quarterly revenue.
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Diamcor to Offer Additional Diamonds at Tender
More than 5,000 supplementary carats will be up for sale.
general
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109ct. Sapphire Necklace Leads Christie’s Auction
Piece could set new world record in Hong Kong.
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US Polished Imports Continue to Grow
Higher volumes drive August increase.
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DEF Offers Botswana Trip to Contest Winners
Participants must submit video about their proposal and the meaning of their diamond.
Tradewire Banner November Single Stone Updated
FINANCE
Diamond Industry Stock Report
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Shares in Pandora (-15%) fell after the company lowered its revenue outlook for the year. Other retailers had a stronger week, with stock prices up at Birks (+12%), Macy’s (+9%), Signet (+8%), Tiffany (+5%) and Walmart (+4%). Weakness in the small-stone market continued to hamper Stornoway Diamond (-9%), Mountain Province (-6%) and Firestone Diamonds (-4%), while Gem Diamonds (+9%) climbed after the miner increased its full-year sales-and-production forecast.

Rapnet Trade Wire
15 Aug 2018 Rap Net Instant Inventory
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