|
|
Rapaport TradeWire January 10, 2019
Jan 10, 2019 11:23 AM
By Rapaport
|
|
|
| January 10, 2019 | | RAPAPORT MARKET COMMENT |  | | Sentiment improved after relatively good holiday season, but dealers and cutters concerned about low profit margins, excess supply, and selective demand. Indian bank credit tightening, with ICICI to close Antwerp branch. Stock markets rebound, with Dow index +2% since Jan. 1, amid optimism for US-China trade deal. Suppliers focused on Chinese New Year orders, with steady demand for lower-color and -clarity goods (G-J, VS-SI). Lab-grown producers gaining investor interest. Diamond Foundry to raise annual synthetic-rough production tenfold to 1M cts. Tiffany & Co. declares geographical provenance of diamonds over 0.18 ct. De Beers approves changes to its disclosure rules. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | 0.01% | -3.28% | -1.72% | | 0.50 ct | -0.09% | -1.31% | 1.69% | | 1.00 ct | -0.26% | -1.22% | -0.20% | | 3.00 ct | -0.14% | -2.07% | -4.62% |  | | 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: Steady sales of engagement rings ahead of Valentine’s Day... |  |  | Belgium: Deep concern about credit scarcity and banks’ caution regarding the diamond industry... | | |  | Israel: Subdued local trading amid unease about new tax laws, with some companies considering relocating... | | |  | India: Suppliers maintaining stable prices on fresh supply, but have a lot of older merchandise in stock... | | |  | Hong Kong: Retailers reducing in-store inventory of larger certified goods, preferring to contact suppliers as orders come in... | | |  | | | Webinar: What’s Influencing Polished Prices |  | | WITH Avi Krawitz | In the third of our quarterly webinars, taking place later this month, Rapaport Senior Analyst Avi Krawitz will provide insight into market trends based on data published in the Rapaport Research Report. Avi will discuss three things affecting polished prices: Trade negotiations between the US and China, tighter bank credit in India, and supply factors. |  | | | WEEKLY NEWS | | retail | | | | Tiffany to Disclose Origin of Diamonds | | Company claims it’s going beyond industry provenance standards. |  | | | Jewelers Upbeat About January Sales | | Thread on popular Facebook group indicates holiday momentum still going. | | | | | Hong Kong Luxury Sees Rare Drop | | Retail revenues decline for first time since June 2017. | | | | | Fine Jewelry a Bright Spot for Macy’s | | Higher-end products outperformed fashion categories in overall weak holiday. | | | | | E-Commerce Site Zoara Closes | | Dalumi-owned retailer stopped taking orders January 1. | | | | | Titan Records Growth over Diwali Season | | Indian jeweler notes “buoyant” consumer demand. | | | | | industry | | | | Diamond Foundry Hikes Output, Prices | | Demand is outpacing supply, synthetics producer claims. | | | | | India’s ICICI Bank Exits Antwerp | | Lender is latest to quit the diamond hub. | | | | | Synthetics Maker WD Gets Cash Injection | | Huron Capital unveils “significant” investment in CVD producer. | | | | | Israel’s Export Slowdown Eases in 2018 | | Polished shipments down 2.5% after years of heavier declines. | | | | | mining | | | | De Beers Green-Lights Disclosure-Rule Changes | | Company will allow clients to call its goods “DTC diamonds.” | | | | | Lucara Completes First Sale on Clara Platform | | Miner expects production to fall in 2019. | | | | | general | | | | Lady Gaga Sparkles in Tiffany at Golden Globes | | Star’s jewelry reportedly worth $5 million. | | | | | DPA Appoints North America Chief | | Kristina Buckley Kayel will oversee consumer marketing for the region. | | | | | IGC Names Head of Jewelry Division | | Kim Pelletier will help develop the Naledi engagement-ring brand. | | | | | GIA Honors James Shigley with Top Award | | Veteran gemologist has become the “face and voice” of the institute’s research. | | | | | India’s GJC Elects New Chairman | | Group plans to become official promotion council for domestic jewelry sector. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | US-China trade talks boosted investor optimism this week after December’s market slides. J.C. Penney (+18%) and Signet (+12%) led retail shares on Wall Street before the market opened Thursday. In Europe, Pandora (+10%) and Swatch Group (+8%) traded higher. Lucara Diamond (+10%) was the strongest mining stock as investors reacted positively to its 2019 outlook. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|