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Rapaport TradeWire December 6, 2018
Dec 6, 2018 11:36 AM
By Rapaport
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| December 6, 2018 | | RAPAPORT MARKET COMMENT |  | | Market focused on jewelry retail as Christmas approaches. Brands targeting female self-purchasers and enhancing omni-channel platforms to drive growth. Diamond market stable. November 1 ct. RAPI +0.6%, supported by US holiday demand and preparations for Chinese New Year. Rough trading cautious as manufacturing profit is tight and inventory high, despite seasonal demand. Signet Jewelers 3Q sales +3% to $1.2B, net loss of $38M. Christie’s NY fetches $62.2M (83% by lot), with cushion, 8.08 ct., fancy-vivid-blue, VS2 Bulgari ring selling for $18M ($2.3M/ct.). Sotheby’s NY sells $46.4M (89% by lot), led by cushion, 51.52 ct., F, IF Harry Winston ring that sold for $4M ($77,154/ct.). | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.86% | -1.24% | 3.27% | | 0.50 ct | -0.33% | -0.22% | 4.34% | | 1.00 ct | -0.01% | 0.51% | 1.82% | | 3.00 ct | -0.34% | -0.68% | -4.20% |  | | The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network. | | | | Market Reports | | |  | United States: General retail holiday sales good, but slightly down from last year... |  |  | Belgium: Good European demand, particularly for 1 to 3 ct., G-K, VS-SI diamonds... | | |  | Israel: Some suppliers closing overseas offices to cut costs and improve profit margins... | | |  | India: Manufacturers operating at reduced capacity, and rough trading restrained ahead of De Beers sight... | | |  | Hong Kong: Last week’s show didn’t stimulate significant market improvement... | | |  | | | ‘Diamonds and Lies’ Exposes the Real Fake |  | | WITH Avi Krawitz | Recent editorials in the mainstream press took some cheap shots at the diamond trade, claiming all diamonds were tainted by conflict, and promoting lab-grown stones as a better alternative. Those articles were wrong on many counts. |  | | | WEEKLY NEWS | | industry | | | | Small-Diamond Slump to Pressure Manufacturers | | Oversupply and weak demand have dented prices of lower-value goods. |  | | | Lab-Grown Production Rising 15% Per Year | | Annual output could reach 17 million by 2030, says Bain. | | | | | Bulgari Blue Fetches $18M at Christie’s | | 8.08-carat diamond exceeds high estimate at NY auction. | | | | | Blue Diamond Fails to Sell at Sotheby’s | | 10.62-carat stone was auction’s top lot. | | | | | PC Jeweller Curbs Exports in Credit Crunch | | Indian company aims to reduce borrowing needs. | | | | | retail | | | | Signet Loss Prompts Share Sell-Off | | Retailer goes further into red even as sales rise. | | | | | Lightbox to Launch Rings and Bracelets | | De Beers’ synthetic-diamond brand to introduce new designs in 2019. | | | | | Diamond Brands Shun Traditional Holiday Ads | | Tiffany and Signet campaigns emphasize experiences and diverse relationships. | | | | | 53M Americans to Buy Diamonds This Holiday | | Millennials more likely to do so than others, DPA survey finds. | | | | | eBay to Authenticate Luxury Jewelry | | Site already certifies high-end handbags and watches. | | | | | Hong Kong Jewelers Warn of Slowdown | | Chow Tai Fook, Luk Fook see profits tumble. | | | | | Graff Hong Kong to Display Lesedi Polished | | Jeweler’s new boutique to house selection of flawless diamonds from 1,109-carat rough. | | | | | Chow Tai Fook, Swarovski Back Sourcing Program | | Atelier Technology claims to help bring products to market faster. | | | | | Signet Fixes Data Issue at Kay, Jared | | Configuration problem left some customers’ personal information exposed. | | | | | general | | | | Sales Rise at India’s Asian Star | | Manufacturer notes improvement in jewelry exports and strong performance at Dubai trading subsidiary. | | | | | 24ct. Diamond Beats Estimate at Bonhams | | Ring sells for $2.4 million at London auction. | | | | | Production Drop Hits Diamcor Sales | | Miner recovers lower volumes at Krone-Endora project. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Confusion over the reported tariff truce between the US and China hit global shares this week, with declines in the Dow Jones Industrial Average (-1.3%) and the Hang Seng (-1.1%). US retailers J.C. Penney (-8%), Macy’s (-6%) and Signet (-4%) all dropped, as did Hong Kong’s Chow Sang Sang (-1.5%) and Chow Tai Fook (-1.1%). Petra Diamonds (-14%), Firestone Diamonds (-10%), Stornoway Diamond (-5%) and Lucara Diamond (-3.8%) also tumbled in a negative week for mining stocks. Lucapa Diamond (+5%) rose after reaching commercial production at a new mine. | | | | | Contact Us |  |       | | © Copyright 2018 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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