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Rapaport TradeWire February 7, 2019

Feb 7, 2019 11:17 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
February 7, 2019

Far East trading quiet during Chinese New Year. Market cautious due to weak demand, tight profitability and reduced bank credit. Selective buyers creating shortages of excellent-cut (3X, none) diamonds, but prices of lower-quality goods softening due to excess supply. 1 ct. RAPI -0.4% in Jan. Manufacturers maintaining low production as profit margins are squeezed by high rough prices. Letšeng 4Q sales -40% to $42M, average price -43% to $1,259/ct. Belgium 2018 rough imports flat at $10.7B. Pandora 2018 sales flat at $3.5B, profit -13% to $773M. RapNet introduces jewelry to trading network. The Rapaport Group wishes all our friends a happy and successful Chinese New Year.

14 Jan 2019 Delgatto Tw Banner Gif
Weekly Monthly Y2Y
0.30 ct -0.01% -0.85% -7.09%
0.50 ct 0.31% -0.29% -0.79%
1.00 ct 0.13% -0.12% -2.44%
3.00 ct -0.68% -2.20% -5.98%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
United States: Shortage of better-quality diamonds supporting prices...
Belgium: Dealer sentiment mixed amid sluggish polished trading and concern about high rough prices....
Israel: Niche suppliers of large stones, fancy shapes and fancy-color diamonds doing well...
India: High gold prices weighing on jewelry retail sales...
Hong Kong: Polished inventory levels down since January, but remain significantly higher than this time last year...
Gia Tw Banner E 31 May 2018
Canada’s Ice Road Opens for Milestone Year
WITH Leah Meirovich

February is a crucial time for Canada’s diamond mines. Located in the most remote region of the country’s frozen Northwest Territories (NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month window to connect their mining operations to the outside world. 

Endiama Expects Rise in Angola’s Rough Output
Synthetics Helping Surat Polishers Make Ends Meet
Diamond-Stealing Guard Loses Dubai Court Appeal
Three Crowns Stolen from Indian Temple
Feb 2019 Magazine Trade Wire Banner
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Diamond Prices Slide as Year Begins with Caution
US restocking slower than expected after holidays.
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‘Lab-Grown’ Diamond Turns Out to Be Natural
GIA client submitted 2.23-carat, D-color stone for synthetic report.
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Yellow Prices to Increase in 2019, Says FCRF
Changes at Ekati mine will reduce availability of the color.
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GIA Sheds Light on De Beers’ Synthetics
Two Lightbox stones have G color and VS clarity.
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South Korea Reduces Diamond Tax
Government replaces 26% duty with two lower rates.
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Antwerp Vault Heist Leaves Clients in the Dark
Thieves apparently entered safety-deposit room via sewers.
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Pandora Forecasts Sales Drop Amid Overhaul
Jeweler aims to revive interest in charms.
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David Yurman Wins Counterfeiting Case
Court awards damages from 31 defendants who operated unlawful sites.
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NRF Predicts Retail Growth in 2019
National Retail Federation forecasts sales increase of between 3.8% and 4.4%.
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Strong Holiday Figures Boost Titan Results
Revenue grew 35% in third fiscal quarter.
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Letšeng Sales Fall Amid Lower-Quality Output
Gem Diamonds sees 43% drop in price per carat.
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Lucapa Angola Tender Rakes In $17M
Sale is first since nation reformed trade.
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Firestone Revenue Rises in Second Quarter
Production up 24% to 224,947 carats.
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RapNet Introduces Jewelry Trading
New feature adds significant value for members.
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Diamonds Stolen from Israel Bourse Event
Footage shows man snatching case allegedly worth tens of thousands of dollars.
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Record Average Price Supports Belgium Trade
Polished exports flat in 2018 as volume drops.
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Boaz Moldawsky Elected IDI Chairman
Former deputy head of Israel bourse will serve a three-year term.
2019 Jan 31 Rap Net Free Trial 600X160
Diamond Industry Stock Report

Pandora (+16%) led retail stocks this past week after investors reacted positively to its restructuring plans. India’s Titan (+6%) gained after strong quarterly results. Mining shares were mixed, with Lucapa Diamond (+11%) up after a successful sale of large stones, while Firestone Diamonds (-11%) fell after unscheduled repair work in November affected its ore-treatment levels. Petra Diamonds (-5%) continued its recent downward trend.

Rapnet Trade Wire
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11 Jul 2018 Rap Ac Digital 300X300Px Static
Tradewire Square February 2019 Single Stone Updated
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