|
|
Rapaport TradeWire May 9, 2019
May 9, 2019 12:57 AM
By Rapaport
|
|
|
| May 9, 2019 | | RAPAPORT MARKET COMMENT |  | | Dealers preparing for Las Vegas shows hoping steady US retail market will stimulate diamond trading. Rising expectations for GemGenève fair amid positive luxury demand. Good opportunities for high-end buyers after 3 to 5 ct. prices dropped significantly (3 ct. RAPI -6.1% since Jan. 1). Rough trading cautious with high auction prices and tight manufacturing profits. Sightholders anticipate stable prices and volumes at next week’s De Beers sight. India March polished exports -8% to $1.9B, rough imports -16% to $1.4B. Hong Kong 1Q polished imports -3% to $5B, polished exports +9% to $3.9B. Signet debuts synthetic diamonds on James Allen website. | | | RAPNET DIAMOND INDEX (RAPI™) | | | | Weekly | Monthly | Y2Y | | 0.30 ct | -0.27% | -1.33% | -12.95% | | 0.50 ct | -0.56% | -1.37% | -4.42% | | 1.00 ct | -0.21% | -0.72% | -2.88% | | 3.00 ct | 0.08% | -1.33% | -9.22% |  | | 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: Retailers pushing fashion jewelry amid strong expectations for Mother’s Day season... |  |  | Belgium: Large volumes of old stock available and selling at deeper discounts... | | |  | Israel: Suppliers keeping stock low to reduce risk amid declining prices, weak economic sentiment and threat of synthetics... | | |  | India: Stable gold jewelry market for May 7 Akshaya Tritiya festival... | | |  | Hong Kong: China 1Q retail sales beat expectations... | | |  | | | What Women Want: Empowering Female Leaders |  | | WITH Deborah Yonick | Gender diversity in senior positions is an important step to eradicating discrimination. |  | | | The Gem Lab That Refuses to Grade Synthetics |  | | WITH Marie Chabrol | The LFG in Paris has taken a stand against man-made diamonds. Its director, Aurélien Delaunay, explains why. | | | | | WEEKLY NEWS | | industry | | | | Diamond Prices Soften Despite US Stability | | 1-carat RAPI down 0.5% in April amid continued oversupply. |  | | | Do the 4Cs Still Make the Cut? | | The author of a diamond guide proposes a fifth C and two Ts. | | | | | Pink Diamond Finds No Buyers at Bonhams | | 12.62-carat stone carried estimate of $1.5 million to $2 million. | | | | | Chow Tai Fook Launches US Hub | | Hearts on Fire president Caryl Capeci will lead the new business. | | | | | retail | | | | Signet Enters Lab-Grown Market | | Retailer launches product on e-commerce site James Allen. | | | | | Hong Kong Luxury Sales Down in 1Q | | March saw slower decline than first two months. | | | | | DPA Targets New Indian Parents | | Campaign promotes childbirth as auspicious diamond-buying occasion. | | | | | mining | | | | Diamond Miners Push Back on Ethics Claims | | Lab-grown production emits three times more CO2 per carat, study finds. | | | | | Ex-Lucara CEO Joins Mountain Province Board | | William Lamb is one of three new directors at the Canadian company. | | | | | Gemfields Investigates Slavery at Ruby Deposit | | Miner noticed rise in deaths among unauthorized workers. | | | | | Alrosa Offloads $19M of Non-Core Assets | | Company plans further sell-offs as it focuses on diamond business. | | | | | general | | | | $6M ‘Bubble Gum’ Ring to Lead Christie’s HK | | Piece features 3.44-carat pink diamond at center. | | | | | India’s Polished Exports Fall in March | | Drop in shipment volume outweighs higher average price. | | | | | Pink Diamond Prices Firm in 1Q | | Category outperformed blues and yellows, says Fancy Color Research Foundation. | | | | | | FINANCE | | Diamond Industry Stock Report | | | | Global stocks declined sharply this week, as fears over the US-China trade war mounted. Retail shares were hardest hit, with J.C. Penney (-4.5%), Macy’s (-2.5%), LVMH (-3.2%), Chow Sang Sang (-7%), Chow Tai Fook (-7%) and Luk Fook (-6%) all falling. UK equities fared better, with Firestone Diamonds (+2%), De Beers parent company Anglo American (+1.7%), and Rio Tinto (+1.5%) rising. UK-based miner Petra Diamonds (+11.5%) got a lift after Berenberg Bank upgraded the stock. | | | | | Contact Us |  |       | | © Copyright 2019 Martin Rapaport. All Rights Reserved. | | Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|