RapNet


Rapaport News

 

Research

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Rapaport TradeWire March 21, 2019

Low expectations for Basel show amid weak large-stone demand and fewer diamond, jewelry and watch exhibitors.
Mar 21, 2019 3:42 AM   By Rapaport
Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
March 21, 2019
RAPAPORT MARKET COMMENT
image

Low expectations for Basel show amid weak large-stone demand and fewer diamond, jewelry and watch exhibitors. US stable, with good orders for commercial-quality 0.70 to 1.99 ct., G-J, SI-I2 diamonds. Shortages developing for better qualities as India cuts back production. Rough market quiet, with deep concerns about manufacturing profitability. Alrosa 2018 revenue +9% to $4.6B, profit +15% to $1.4B. De Beers launches $2B Jwaneng mine expansion. India Feb. polished exports -4% to $2.3B, rough imports -18% to $1.4B. CIBJO specifies need to disclose treatments for both natural and lab-grown diamonds and gemstones. Fugitive jeweler Nirav Modi arrested in London.

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -1.78% -1.99% -10.98%
0.50 ct 0.38% 0.35% -2.68%
1.00 ct 0.02% 0.34% -2.53%
3.00 ct -1.07% -1.72% -7.88%
RAPI Yearly Graph
Gia Tw Banner E 31 May 2018
Market Reports
image
United States: Dealers selling old stock, with few new goods coming onto the market, as manufacturing has declined...
image
Belgium: Rough activity down following last week’s Alrosa sale...
image
Israel: Many dealers attending Baselworld as visitors rather than exhibitors, hoping to do business on the sidelines of the show...
image
India: Foreign buyers looking for bargains and pushing for deeper discounts on diamonds below 0.50 carats...
image
Hong Kong: Good market for pointer sizes at reduced prices...
image
Tradewire Banner Ml March V3
Tiffany Provides Glimpse into Future Store Design
WITH Joshua Freedman

The brand’s innovative “style studio”  in London may be a preview of what to expect on Fifth Avenue.

UPS AND DOWNS
image
Angola to Privatize State Diamond Companies
image
Richline Sees Strong 2018 Online Jewelry Sales
image
Swatch Will Not Be Returning to Baselworld
image
Trans Hex Lacks Funds for Environmental Rehab
image
Mar 2019 Instagram 600X160
WEEKLY NEWS
industry
image
News Thumbnail
Nirav Modi Arrested in London
Police detain the jeweler on behalf of Indian authorities.
News Thumbnail
Trade Braces for Smaller, Cheaper Baselworld
Show reduces prices by 10% to 15% for diamond exhibitors.
News Thumbnail
CIBJO Calls for Synthetics Treatment Disclosure
Transparency rules apply to both natural and lab-grown diamonds, organization says.
News Thumbnail
Brexit Stockpiling Boosts Swiss Watch Growth
UK accounts for 80% of worldwide increase in February.
mining
image
News Thumbnail
Alrosa Profit, Revenue Rise in 2018
Sales of higher-quality rough drive increase.
News Thumbnail
De Beers Extends Jwaneng Mine Life
Cut-9 expansion will enable the site to produce diamonds through 2035.
News Thumbnail
Alrosa’s Mir Site Could Reopen in 2030
Miner suspended activity in 2017 after a flood killed eight workers.
News Thumbnail
Diamond Fields Pink Sells for $17K/ct.
Tender is company’s first since resuming offshore mining in Namibia last year.
general
image
News Thumbnail
AIGS Launches App to Prevent Counterfeiting
Product will deliver warning when used to scan a fake report.
News Thumbnail
India’s Polished Exports Fall in February
Figure down 4% year on year.
News Thumbnail
Angola to Hold Rough Tender in Israel
Ramat Gan bourse sees opportunities to strengthen ties between two countries.
Rap Acad Trade Wire Banner 600 X160 Other Courses 112218 2 Digital V2
FINANCE
Diamond Industry Stock Report
image

US retail shares had a mixed week. Birks Group (+14%) led the sector, whereas J.C. Penney (-8%) fell after strong gains in the past month. Continued hopes of a US-China trade deal supported Hong Kong stocks, with Chow Tai Fook (+3.2%) and Luk Fook (+2.3%) both improving. Petra Diamonds (-4.4%) declined after Goldman Sachs reportedly lowered its forecast for the stock’s future price performance.

Rapnet Trade Wire
Rap Net Tw Square Free Trial 1
March 2019 300X300
March Melee Tradewire Square
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.
Print Print Facebook Facebook Twitter Twitter Share Share
Similar Articles
Rapaport TradeWire July 18, 2019
Jul 18, 2019
Industry Retail Mining General Finance July 18, 2019 RAPAPORT...
Rapaport TradeWire July 18, 2019
India: Market Still Slow
Rapaport TradeWire July 11, 2019
Rapaport TradeWire July 4, 2019
Jul 04, 2019
Industry Retail Mining General Finance July 4, 2019 RAPAPORT MARKET...
Rapaport TradeWire June 27, 2019
Rapaport TradeWire June 20, 2019
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us