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Research
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Dec 05, 2019
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Rapaport
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Rapaport Weekly Market Comment
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Jewelers and memo dealers gaining confidence afterpositive start to holiday season. E-commerce driving growth, with record $9.4Bpurchases on Cyber Monday, according to Adobe Analytics. NRF counts 189.6Mshoppers and average spend +16% to $362 over...
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Polished Markets
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Dec 05, 2019
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Rapaport News
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India: Buyers Looking for Goods
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Buyers actively lookingfor goods amid scarcity of better-quality RapSpec A3+ diamonds that are indemand. Very little new supply available since manufacturers decreasedproduction over last five months. Rough orders expected to improve at nextweek’s...
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Research
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Dec 05, 2019
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Rapaport News
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Tiffany Sales Stall as Tourist Spending Dries Up
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Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
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Retail
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Dec 05, 2019
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Rapaport News
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Signet Raises Full-Year Outlook
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Signet Jewelers’ shares jumped 6% in early trading Thursdayafter the retailer increased its sales forecast for the current fiscal year. The jeweler adjusted its guidance following a rise insame-store sales in the third fiscal...
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Retail
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Dec 05, 2019
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Rapaport News
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De Beers Ends Special Supply Measures
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Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
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Rough Markets
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Dec 05, 2019
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Joshua Freedman
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Holiday Season Gets Off to Solid Start
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The holiday season got off to a positive start over the five-day Thanksgiving weekend, with observers seeing record online sales.About 124 million people shopped in stores, while 142.2 million bought online during the...
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Retail
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Dec 04, 2019
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Rapaport News
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Lab Warns of Color Instability in CVD
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Synthetic diamonds grown using chemical vapor deposition (CVD) could change color for an extended period following exposure to certain light forms, Gemological Science International (GSI) has warned. When testing a 2-carat CVD diamond,GSI...
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Technology
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Dec 04, 2019
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Rapaport News
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GIA to Shut Down Dubai Branch
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The Gemological Institute of America (GIA) will close its Dubai office by the end of the year, ending a decade-long presence in the city. The organization has offered education programs, including its Graduate Diamonds course...
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Polished Markets
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Dec 04, 2019
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Rapaport News
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Sarine Joins Race to Buy HRD Antwerp
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Sarine Technologies has entered the running to acquire HRDAntwerp, according to two sources close to the sale process. The Israel-based diamond-technology company has registered its interest in buying the Belgian laboratory, as have two previous...
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Polished Markets
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Dec 03, 2019
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Joshua Freedman
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KP Gives CAR More Export Freedom
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The Kimberley Process (KP) has relaxed its rules for roughexports from the Central African Republic (CAR), enabling the government to approve multiple shipments each month without needing to wait for external authorization....
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Mining
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Dec 03, 2019
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Rapaport News
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Sarine Returns to Profit in Third Quarter
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Sarine Technologies recorded its first quarterly profit this year amid solid demand for its Galaxy diamond-mapping equipment. Profit for the three months ending September 30 came to $234,000.While the figure was 13%...
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Rough Markets
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Dec 03, 2019
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Rapaport News
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Diamond Market More Optimistic
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RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
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Polished Markets
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Dec 03, 2019
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Rapaport
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Secondhand Could Spur Jewelry Sales – Bain
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Sales of secondhand luxury goods increased in 2019, presenting an opportunity for growth in the jewelry market, according to Bain &Company. Purchases of secondhand goods rose to EUR 26 billion ($28.67 billion) for the year, with previously ownedwatches...
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Retail
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Dec 02, 2019
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Rapaport News
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Hong Kong Luxury Retail Sales Plunge
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Sales of jewelry and other luxury items in Hong Kong slid inOctober, marking the second-highest monthly decline on record as protests in the municipality dented consumer sentiment. Revenue from jewelry, watches, clocks and other valuablegifts...
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Retail
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Dec 02, 2019
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Rapaport News
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Zimbabwe Eyes Overseas Rough Tenders
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Zimbabwe’s state-owned diamond miner is planning tendersoutside the country in an effort to attract more buyers, Bloomberg reportedThursday. The Zimbabwe Consolidated Diamond Company (ZCDC) intends tohold 11 international sales in 2020, the news agency cited the...
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Mining
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Dec 02, 2019
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Rapaport News
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Tiffany, Pandora Receive Top Sourcing Scores
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Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
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Retail
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Dec 02, 2019
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Rapaport News
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Hong Kong Troubles Weigh on Luk Fook
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Luk Fook’s sales fell 20% in the first fiscal half amiduncertainty in the Hong Kong market and the rising price of gold. Total sales dropped to HKD 6.31 billion ($805.5 million) inthe six months...
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Retail
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Dec 01, 2019
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Rapaport News
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Gem Diamonds Firm on No-Dividend Policy
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Nearly a quarter of Gem Diamonds’ shareholders voted againstreelecting CEO Clifford Elphick to the company’s board, in an effort to force approval of share buybacks and dividends. The board directors opposed implementing those measures because of the current...
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Mining
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Dec 01, 2019
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Rapaport News
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US Polished Trade Continues to Decline
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US polished-diamondimports fell 24% to $1.48 billion in September, according to the latest datafrom the US Commerce Department. The decline reflected lower volumes and a dropin the average price. Polished imports fell 13% to $15.37 billion for...
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Polished Markets
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Dec 01, 2019
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Rapaport News
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