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Rapaport TradeWire January 16, 2020

January 16, 2020

26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
January 16, 2020
RAPAPORT MARKET COMMENT
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Polished trading stable with selective demand. Dealers focused on filling US orders as jewelers begin post-holiday inventory replacement. Mixed results from the season, with record e-commerce sales driving growth. Signet Jewelers Nov.-Dec. revenue -1% to $1.8B. Rising expectations for Jan. 25 Chinese New Year as US and China sign trade deal. Chow Tai Fook 3Q China sales +17%, Hong Kong -38%. China wholesale slowing ahead of vacation period. Concerns about oversupply amid expectations for large Alrosa and De Beers sights. India 4Q rough imports +5% to $3.8B, polished exports -16% to $4.4B. Lucara collaborates with HB Company and Louis Vuitton to polish 1,758 ct. Sewelô diamond.

5 Nov 2019 Gemolithos Tw Banner
RAPNET DIAMOND INDEX (RAPI)
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WeeklyMonthlyY2Y
0.30 ct0.36%2.10%-5.83%
0.50 ct0.44%1.80%-3.38%
1.00 ct-0.43%-0.04%-5.00%
3.00 ct0.01%1.14%-15.14%
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.
Trade Wire 600X160 April 2018
Market Reports
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us_5840aa69ec879f1de3edd967fee55ef1.png United States: Steady interest in engagement rings as Valentine’s Day promotions begin...
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be_5840aa69ec879f1de3edd967fee55ef1.png Belgium: Fancy shapes slower than expected for this time of year, with interest in ovals...
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il_5840aa69ec879f1de3edd967fee55ef1.png Israel: Rising concern that influx of new polished will recreate oversupply and put pressure on prices...
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in_5840aa69ec879f1de3edd967fee55ef1.png India: Demand from local dealers for dossiers under 1 ct. ...
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hk_5840aa69ec879f1de3edd967fee55ef1.png Hong Kong: Focus shifting to retail ahead of the Chinese New Year festival...
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13 Nov 2019 Gia Id 100 Machine Tw Banner
Episode 21: Googling Billy Porter
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WITH The Rapaport Diamond Podcast

The Rapaport editorial team ushers in the new year with a review of the holiday season and some bold predictions for 2020.

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UPS AND DOWNS
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up-arrow.png Tiffany-Co.-Tiffany-True-JPEG_cb5e51f64baccefb3970f1c00b6c1fc1.jpgHow Tiffany Moved 114,000 Gems Without Getting Robbed
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up-arrow.png Rough_cb5e51f64baccefb3970f1c00b6c1fc1.jpgAngola Eyes Spot as Third-Largest Diamond Producer
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up-arrow.png New-York-Diamond-District_cb5e51f64baccefb3970f1c00b6c1fc1.jpg‘Uncut Gems’ Celebrates Manhattan’s Diamond District
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down-arrow.png Polished-diamonds_cb5e51f64baccefb3970f1c00b6c1fc1.jpgIndia Files Complaint over Alleged Diamond-Export Scam
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WEEKLY NEWS
retail
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Signet Raises Forecast Following Strong Holiday
Same-store sales up 1.6% for the season.
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Chow Tai Fook to Shut Stores in Hong Kong
Sales in the municipality slump in the third fiscal quarter, but rise in mainland China.
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Tiffany Opens Its ‘Flagship Next Door’
Four-story location will serve customers until Fifth Avenue store’s renovation is complete in 2021.
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Forevermark Unveils First Interactive Shop in China
Boutique is located in jewelry retailer Caibai in Beijing.
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mining
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Louis Vuitton Buys 1,758ct. Diamond from Lucara
French fashion house partners with Antwerp-based manufacturer HB to polish the rough.
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Alrosa Revenue Rises Amid Market Rebound
11% increase in December was highest for any month last year.
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industry
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Rapaport Publishes Diamond Price Statistics Review
Report charts 40 years of polished data.
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GIA Advertises Origin Reports in Times Square
Digital billboard campaign will run through February 15.
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UK Secures Deal to Keep Rough Trade Alive
Country will become independent KP member following Brexit transition period.
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WD Sues Diamond Growers over CVD Patents
Six competitors allegedly used its method for minimizing impurities in synthetic stones.
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general
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Graff Hires US Chief to Help Expand Business
Marc Hruschka has over 25 years of experience with jewelry companies, including Chopard and Richemont.
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Fourth Bonhams Jewelry Expert Joins Phillips
Paul Redmayne previously worked for Harry Winston, Piaget, Cartier and Moussaieff.
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JA Honors Ed Bridge at GEM Awards
Former head of Ben Bridge Jeweler picks up Lifetime Achievement accolade.
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US Trade Slowdown Continues
November polished imports decline 19%.
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Belgium Shipments Hit 10-Year Low
Full-year trading slides 19% to $37.1 billion.
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India’s Polished Exports Slump in 2019
Drop of 16% is country’s steepest in seven years.
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Tradewire Banner January 2020 Melee Ss
FINANCE
Diamond Industry Stock Report
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J.C. Penney (-36%) and Macy’s (-3.8%) fell after reporting weak holiday sales, while Signet (+12%) gained following better-than-expected results for the season. Chow Tai Fook (+6%) rose after a strong third quarter at its China stores. Miners had a good week, with Gem Diamonds (+9%), Lucara (+6%), Firestone (+6%) and Alrosa (+3.1%) all climbing.

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Rapnet Trade Wire
2019 Nov 3 Comp Edge 300X300Px Final
Tradewire Square January 2020 Melee Ss
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