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Rapaport TradeWire December 6, 2018

Market focused on jewelry retail as Christmas approaches.
Dec 6, 2018 11:36 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
December 6, 2018

Market focused on jewelry retail as Christmas approaches. Brands targeting female self-purchasers and enhancing omni-channel platforms to drive growth. Diamond market stable. November 1 ct. RAPI +0.6%, supported by US holiday demand and preparations for Chinese New Year. Rough trading cautious as manufacturing profit is tight and inventory high, despite seasonal demand. Signet Jewelers 3Q sales +3% to $1.2B, net loss of $38M. Christie’s NY fetches $62.2M (83% by lot), with cushion, 8.08 ct., fancy-vivid-blue, VS2 Bulgari ring selling for $18M ($2.3M/ct.). Sotheby’s NY sells $46.4M (89% by lot), led by cushion, 51.52 ct., F, IF Harry Winston ring that sold for $4M ($77,154/ct.).

Iidgr Tw Banner Jan 2018
Weekly Monthly Y2Y
0.30 ct -0.86% -1.24% 3.27%
0.50 ct -0.33% -0.22% 4.34%
1.00 ct -0.01% 0.51% 1.82%
3.00 ct -0.34% -0.68% -4.20%
RAPI Yearly Graph
Usny Tw Oct 14 2018
Market Reports
United States: General retail holiday sales good, but slightly down from last year...
Belgium: Good European demand, particularly for 1 to 3 ct., G-K, VS-SI diamonds...
Israel: Some suppliers closing overseas offices to cut costs and improve profit margins...
India: Manufacturers operating at reduced capacity, and rough trading restrained ahead of De Beers sight...
Hong Kong: Last week’s show didn’t stimulate significant market improvement...
Trade Wire 600X160 April 2018
‘Diamonds and Lies’ Exposes the Real Fake
WITH Avi Krawitz

Recent editorials in the mainstream press took some cheap shots at the diamond trade, claiming all diamonds were tainted by conflict, and promoting lab-grown stones as a better alternative. Those articles were wrong on many counts.

Zimbabwe May Open Mining to Foreign Majority Ownership
Diamond Asset Creates Jobs for Canada’s Métis Community
Government Unit Failed to Report Red Flags in Modi Case
‘Spider-Man’ Thief Robs Traders by Scaling Buildings
Gia Tw Banner E 31 May 2018
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Small-Diamond Slump to Pressure Manufacturers
Oversupply and weak demand have dented prices of lower-value goods.
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Lab-Grown Production Rising 15% Per Year
Annual output could reach 17 million by 2030, says Bain.
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Bulgari Blue Fetches $18M at Christie’s
8.08-carat diamond exceeds high estimate at NY auction.
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Blue Diamond Fails to Sell at Sotheby’s
10.62-carat stone was auction’s top lot.
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PC Jeweller Curbs Exports in Credit Crunch
Indian company aims to reduce borrowing needs.
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Signet Loss Prompts Share Sell-Off
Retailer goes further into red even as sales rise.
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Lightbox to Launch Rings and Bracelets
De Beers’ synthetic-diamond brand to introduce new designs in 2019.
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Diamond Brands Shun Traditional Holiday Ads
Tiffany and Signet campaigns emphasize experiences and diverse relationships.
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53M Americans to Buy Diamonds This Holiday
Millennials more likely to do so than others, DPA survey finds.
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eBay to Authenticate Luxury Jewelry
Site already certifies high-end handbags and watches.
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Hong Kong Jewelers Warn of Slowdown
Chow Tai Fook, Luk Fook see profits tumble.
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Graff Hong Kong to Display Lesedi Polished
Jeweler’s new boutique to house selection of flawless diamonds from 1,109-carat rough.
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Chow Tai Fook, Swarovski Back Sourcing Program
Atelier Technology claims to help bring products to market faster.
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Signet Fixes Data Issue at Kay, Jared
Configuration problem left some customers’ personal information exposed.
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Sales Rise at India’s Asian Star
Manufacturer notes improvement in jewelry exports and strong performance at Dubai trading subsidiary.
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24ct. Diamond Beats Estimate at Bonhams
Ring sells for $2.4 million at London auction.
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Production Drop Hits Diamcor Sales
Miner recovers lower volumes at Krone-Endora project.
Tradewire Banner December Melee
Diamond Industry Stock Report

Confusion over the reported tariff truce between the US and China hit global shares this week, with declines in the Dow Jones Industrial Average (-1.3%) and the Hang Seng (-1.1%). US retailers J.C. Penney (-8%), Macy’s (-6%) and Signet (-4%) all dropped, as did Hong Kong’s Chow Sang Sang (-1.5%) and Chow Tai Fook (-1.1%). Petra Diamonds (-14%), Firestone Diamonds (-10%), Stornoway Diamond (-5%) and Lucara Diamond (-3.8%) also tumbled in a negative week for mining stocks. Lucapa Diamond (+5%) rose after reaching commercial production at a new mine.

Rapnet Trade Wire
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