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Rapaport TradeWire January 10, 2019

Sentiment improved after relatively good holiday season, but dealers and cutters concerned about low profit margins, excess supply, and selective demand.
Jan 10, 2019 11:23 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
January 10, 2019
RAPAPORT MARKET COMMENT
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Sentiment improved after relatively good holiday season, but dealers and cutters concerned about low profit margins, excess supply, and selective demand. Indian bank credit tightening, with ICICI to close Antwerp branch. Stock markets rebound, with Dow index +2% since Jan. 1, amid optimism for US-China trade deal. Suppliers focused on Chinese New Year orders, with steady demand for lower-color and -clarity goods (G-J, VS-SI). Lab-grown producers gaining investor interest. Diamond Foundry to raise annual synthetic-rough production tenfold to 1M cts. Tiffany & Co. declares geographical provenance of diamonds over 0.18 ct. De Beers approves changes to its disclosure rules.  

8 Jan 2019 Delgatto Tw Banner V5
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.01% -3.28% -1.72%
0.50 ct -0.09% -1.31% 1.69%
1.00 ct -0.26% -1.22% -0.20%
3.00 ct -0.14% -2.07% -4.62%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Steady sales of engagement rings ahead of Valentine’s Day...
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Belgium: Deep concern about credit scarcity and banks’ caution regarding the diamond industry...
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Israel: Subdued local trading amid unease about new tax laws, with some companies considering relocating...
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India: Suppliers maintaining stable prices on fresh supply, but have a lot of older merchandise in stock...
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Hong Kong: Retailers reducing in-store inventory of larger certified goods, preferring to contact suppliers as orders come in...
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Gia Tw Banner E 31 May 2018
Webinar: What’s Influencing Polished Prices
WITH Avi Krawitz

In the third of our quarterly webinars, taking place later this month, Rapaport Senior Analyst Avi Krawitz will provide insight into market trends based on data published in the Rapaport Research Report. Avi will discuss three things affecting polished prices: Trade negotiations between the US and China, tighter bank credit in India, and supply factors. 

UPS AND DOWNS
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De Beers Aims to Unify Its Corporate Messaging
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Fabergé First to Release Watch with One-Carat Diamond
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Stricter Bank Rules Force Changes in Indian Trade
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In Gaffe, Bulgari Links Pigs with Jews
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Isde Tw Banner Jan 2019 No Typos
WEEKLY NEWS
retail
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Tiffany to Disclose Origin of Diamonds
Company claims it’s going beyond industry provenance standards.
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Jewelers Upbeat About January Sales
Thread on popular Facebook group indicates holiday momentum still going.
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Hong Kong Luxury Sees Rare Drop
Retail revenues decline for first time since June 2017.
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Fine Jewelry a Bright Spot for Macy’s
Higher-end products outperformed fashion categories in overall weak holiday.
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E-Commerce Site Zoara Closes
Dalumi-owned retailer stopped taking orders January 1.
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Titan Records Growth over Diwali Season
Indian jeweler notes “buoyant” consumer demand.
industry
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Diamond Foundry Hikes Output, Prices
Demand is outpacing supply, synthetics producer claims.
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India’s ICICI Bank Exits Antwerp
Lender is latest to quit the diamond hub.
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Synthetics Maker WD Gets Cash Injection
Huron Capital unveils “significant” investment in CVD producer.
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Israel’s Export Slowdown Eases in 2018
Polished shipments down 2.5% after years of heavier declines.
mining
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De Beers Green-Lights Disclosure-Rule Changes
Company will allow clients to call its goods “DTC diamonds.”
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Lucara Completes First Sale on Clara Platform
Miner expects production to fall in 2019.
general
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Lady Gaga Sparkles in Tiffany at Golden Globes
Star’s jewelry reportedly worth $5 million.
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DPA Appoints North America Chief
Kristina Buckley Kayel will oversee consumer marketing for the region.
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IGC Names Head of Jewelry Division
Kim Pelletier will help develop the Naledi engagement-ring brand.
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GIA Honors James Shigley with Top Award
Veteran gemologist has become the “face and voice” of the institute’s research.
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India’s GJC Elects New Chairman
Group plans to become official promotion council for domestic jewelry sector.
Tradewire Banner Melee Single Stone January 2019V1
FINANCE
Diamond Industry Stock Report
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US-China trade talks boosted investor optimism this week after December’s market slides. J.C. Penney (+18%) and Signet (+12%) led retail shares on Wall Street before the market opened Thursday. In Europe, Pandora (+10%) and Swatch Group (+8%) traded higher. Lucara Diamond (+10%) was the strongest mining stock as investors reacted positively to its 2019 outlook.

Rapnet Trade Wire
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