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Rapaport TradeWire January 3, 2019
Jan 3, 2019 10:40 AM
By Rapaport
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| January 3, 2019 | | RAPAPORT MARKET COMMENT |  | | Happy New Year! Diamond trade ends relatively good year with 1 ct. RAPI +0.7% despite weak 2H. Diamond manufacturers cautious amid expectations of continued midstream consolidation due to bankruptcies and mergers. Dealer market quiet over New Year holiday. Polished suppliers start 2019 with high inventory of small goods up to 0.30 ct. Total diamonds listed on RapNet +24% year on year to 1.5M on Jan. 1. Positive US holiday season sees strong store and web traffic. Retail outlook optimistic, boosted by tax reforms and low unemployment, but stock-market volatility, higher interest rates and US-China trade tariffs may slow luxury spending. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.07% | -3.90% | -1.21% | | 0.50 ct | -0.52% | -1.51% | 2.55% | | 1.00 ct | -0.47% | -1.25% | 0.39% | | 3.00 ct | -0.37% | -2.82% | -3.85% |  | | 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: Trading expected to increase in January following decline in inventory levels during holiday season... |  |  | Belgium: Dealers assessing first-quarter inventory needs before bourses reopen on January 7... | | |  | Israel: Cautious outlook for the year amid consolidation and rumors of layoffs... | | |  | India: Manufacturers raising polished production, but wary due to high inventory levels... | | |  | Hong Kong: Jewelry manufacturing steady, with orders from the US and China staying strong despite trade war... | | |  | | | Diamond Trade Records Cautious Growth in 2018 | Polished prices edged up in 2018, mainly due to a strong first half, though the US-China trade war and volatile stock markets injected uncertainty in the final six months. The latest issue of the Rapaport Research Report outlines steps the industry must take to stimulate growth in the years to come. |  | | | WEEKLY NEWS | | industry | | | | Four Trends from a Tough Year for Stocks | | Diamond-related shares slumped amid the global rout, with few exceptions. |  | | | Crimes of the Times: 2018’s Biggest Jewel Heists | | Royal thefts top the list. | | | | | Graph Diamonds: The Year in 5 Telling Charts | | These data visualizations tell the story of 2018 for the industry. | | | | | Hong Kong Jewelry Exports Face Slowdown | | Sluggish economic growth could hit business, trade body warns. | | | | | Adamas Acquires Synthetics Producer Scio | | Buyer to pay $3.3 million to cover CVD firm’s secured debt. | | | | | retail | | | | Roberto Coin Jade Line Pulled from Macy’s | | Move follows allegations the designer used gem certification unlawfully. | | | | | Damiani Family to Buy Out Namesake Jeweler | | Founders plan to delist luxury Italian supplier. | | | | | TrueFacet Looks to Raise $10M from Investors | | Pre-owned watch-and-jewelry marketplace has already amassed more than $7 million. | | | | | De Grisogono Hires Piaget Exec as CEO | | Céline Assimon will manage brand development and product expansion. | | | | | mining | | | | Gem Diamonds Signs Off 2018 with 125ct. Find | | Stone is the 15th over 100 carats miner recovered during the year. | | | | | general | | | | India Aims to Promote Its Jewelry in UAE | | GJEPC partners with metals group to boost interest in nation’s goods. | | | | | Nilesh Sheth to Continue as IDCA President | | New York-based group reelects Nice Diamonds chief. | | | | | Rare Opal Contains Trapped Insect | | Animal may have been stuck in amber that was later opalized. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Retail stocks rebounded this week after a December slump, with J.C. Penney (+12%), Signet (+9%), Tiffany (+7%), Macy’s (+5%) and Walmart (+5%) all rising. Petra Diamonds (+22%) and Stornoway Diamond (+8%) both increased, though other miners were mainly flat. Chow Sang Sang (-6%) and Chow Tai Fook (-1.9%) fell following disappointing Chinese manufacturing data and a warning from Apple about a slowdown in the region. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
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