NEWS

Latest News

Rapaport TradeWire October 31, 2019

October 31, 2019

8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
October 31, 2019
RAPAPORT MARKET COMMENT
image

Polished trading improving as jewelers prepare holiday inventory. US demand supporting the market. China cautious due to trade war and Hong Kong unrest. Luk Fook 2Q same-store sales -37%. Indian dealers and manufacturers on Diwali vacation. Specific demand creating high inventory of less popular qualities. De Beers 2018 global market estimate finds rough sales +3% to $16.9B, production volume -3% to 154M cts. and value +2% to $17.4B, polished demand +2% to $25.3B, diamond-jewelry demand +2% to $76B. Insight Report outlines changing attitudes toward love and their impact on the industry. LVMH makes $14.5B offer to acquire Tiffany & Co.

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
image
WeeklyMonthlyY2Y
0.30 ct0.81%1.43%-17.50%
0.50 ct0.24%0.41%-9.14%
1.00 ct0.09%-0.29%-5.50%
3.00 ct-0.52%-0.25%-18.51%
RAPI Yearly Graph
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.
15 Aug 2019 Gia Id 100 Machine Tw Banner
Market Reports
image
us_5840aa69ec879f1de3edd967fee55ef1.png United States: Jewelry retailers starting to implement holiday sales strategies...
image
be_5840aa69ec879f1de3edd967fee55ef1.png Belgium: Pears and ovals are strongest fancy shapes...
image
il_5840aa69ec879f1de3edd967fee55ef1.png Israel: Foreign buyers looking for goods in Ramat Gan while Indian dealers are on vacation...
image
in_5840aa69ec879f1de3edd967fee55ef1.png India: Market quiet with businesses closed for Diwali break, which began October 27...
image
hk_5840aa69ec879f1de3edd967fee55ef1.png Hong Kong: Retailers under pressure due to political climate and seeing steep declines in Hong Kong sales...
image
btn-view-full-report.png
Trade Wire Banner 30 Oct 19 Jewelry Auction
Diamond Manufacturers Must Brace for Automation
Avi-Krawitz-070419-c_9d022842f5ec5c96b39202c699c3c756.jpg
WITH Avi Krawitz

The industry is undergoing a revolution as artificial intelligence rapidly gains traction in mining, manufacturing and grading. The Rapaport Research Report explores.

btn-read-more-inv.png
UPS AND DOWNS
image
up-arrow.png Rough-diamond-in-kimberlite-Ben-Perry-De-Beers_cb5e51f64baccefb3970f1c00b6c1fc1.jpgDe Beers Testing New Canadian Diamond Project
image
up-arrow.png Rough_cb5e51f64baccefb3970f1c00b6c1fc1.jpgAngola Aims for 14M Carats by 2022
image
down-arrow.png gold-jewelry_cb5e51f64baccefb3970f1c00b6c1fc1.jpgIndian Slowdown Hits Diwali Jewelry Sales
image
down-arrow.png Diavik-mine-credit-Rio-Tinto_cb5e51f64baccefb3970f1c00b6c1fc1.jpgMoody’s Not Sure Dominion Can Repay $550M Bond
image
Rn Jewerly Phase 3 Banner 052219 600 X160Px Tw Static
WEEKLY NEWS
industry
image
News Thumbnail
More Brides Buying Their Own Engagement Rings
De Beers Diamond Insight Report focuses on evolving nature of love relationships.
btn-see-more.png
News Thumbnail
Private-Collection Jewels to Lead Christie’s Sale
Ruby, emerald and diamond brooch expected to fetch up to $5.5 million in New York.
btn-see-more.png
News Thumbnail
Delgatto Diamond Fund Gets $100M Injection
Investment will help it increase credit to the industry.
btn-see-more.png
News Thumbnail
DPA Creates New Public-Affairs Role
Raluca Anghel will oversee interactions with trade bodies.
btn-see-more.png
retail
image
News Thumbnail
LVMH Proposes Tiffany Takeover
Offer values US jeweler at $14.5 billion.
btn-see-more.png
News Thumbnail
Kering Notes Strong Quarter for Jewelry
Its Boucheron, Pomellato and DoDo brands performed well.
btn-see-more.png
News Thumbnail
Hong Kong Protests Hit Luk Fook
Same-store sales in municipality fall 39% in July to September as tourism slows.
btn-see-more.png
News Thumbnail
Young Shoppers to Drive Rise in Holiday Spending
Consumers between 18 and 34 plan to expand their circle of gift recipients.
btn-see-more.png
mining
image
News Thumbnail
Higher-Grade Ore Boosts Lucapa Production
Quarterly output rises at Mothae and Lulo mines.
btn-see-more.png
News Thumbnail
Petra Launches Artisanal Mining at South Africa Site
Koffiefontein initiative provides small-scale operators with tailings from main deposit.
btn-see-more.png
News Thumbnail
Firestone Questions Future of Operations
Liqhobong owner struggling with mounting debt and lower rough prices.
btn-see-more.png
News Thumbnail
Alrosa Finds Its Largest Diamond in Three Years
232.4-carat stone from Udachnaya pipe has a yellowish hue and several chips.
btn-see-more.png
News Thumbnail
Letšeng Yields 161ct. Rough
Stone is eighth over 100 carats Gem Diamonds has recovered this year.
btn-see-more.png
general
image
News Thumbnail
US Diamond Shipments Drop in August
Polished imports slump 25%.
btn-see-more.png
News Thumbnail
De Beers to Provide Lab-Grown Testing for Circa
Miner will authenticate secondhand luxury retailer’s jewelry and offer educational courses for its customers.
btn-see-more.png
News Thumbnail
GIA Hires Mark Buntz as Marketing Chief
Former golf-company executive succeeds Kathryn Kimmel, who retired in August.
btn-see-more.png
News Thumbnail
Sotheby’s Names New CEO Following Takeover
Charles Stewart was previously CFO at Patrick Drahi’s Altice USA.
btn-see-more.png
Tradewire Banner October Single Stone V2
FINANCE
Diamond Industry Stock Report
image

Tiffany (+34%) jumped following news LVMH wanted to purchase it. Other US retailers dropped, including J.C. Penney (-5%) and Macy’s (-4%). Kering (+7%) rose after reporting strong third-quarter sales, while Richemont (+5%) also gained. Miners continued to struggle, with Firestone (-15%) falling following poor quarterly results, and Gem Diamonds (-7%), Lucara (-3%) and Mountain Province (-2%) all slipping. There were increases for Alrosa (+5%), which recovered a 232-carat rough, and Petra (+17%).

btn-view-full-report.png
Rapnet Trade Wire
Rn Jewerly Phase 3 Banner 052219 300 X300Px Tw Static
Tradewire Square October Single Stone V2
11 Jul 2018 Rap Ac Digital 300X300Px Static
Contact Us
image
Facebook  Twitter  LinkedIn  Google+  RSS  Email
© Copyright 2019 Martin Rapaport. All Rights Reserved.
Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.

Article originally published on Diamonds.net here

More News