RapNet


Rapaport News

 

Research

 

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

Rapaport TradeWire March 28, 2019

Sentiment weakens after soft first quarter.
Mar 28, 2019 12:18 PM   By Rapaport
Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
March 28, 2019
RAPAPORT MARKET COMMENT
image

Sentiment weakens after soft first quarter. Dealers avoiding large inventory purchases, and manufacturers reducing supply. Miners bracing for tough year as first-quarter sales decline an estimated 30%. Rough market under pressure, with some analysts optimistically predicting flat rough prices in 2019. Sightholders hoping profit margins will improve after next week’s sight. Baselworld announces price cuts and changes to diamond section, after smaller 2019 show. Alrosa estimates 2018 global diamond-jewelry sales +4% to $85.9B. Tiffany 2018 revenue +7% to $4.4B, profit +58% to $586M. US 2018 polished imports +8% to $23.3B. GIA to introduce polished-diamond country-of-origin report.

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -0.53% -2.79% -11.55%
0.50 ct 0.02% 0.38% -2.56%
1.00 ct -0.08% -0.15% -2.64%
3.00 ct -0.58% -2.16% -8.63%
RAPI Yearly Graph
Gia Tw Banner E 31 May 2018
Market Reports
image
United States: Goods below 0.50 ct. and above 3 ct. weak...
image
Belgium: Buyers are selective, filling specific orders and avoiding large inventory purchases...
image
Israel: Fancy-shape prices supported by low supply rather than strong demand...
image
India: Liquidity tight as dealers settle accounts ahead of March 31 financial year-end...
image
Hong Kong: China retail improving as consumers are choosing to spend locally rather than abroad...
image
2019 Jan 31 Rap Net Free Trial 600X160
The Nirav Modi Arrest and More
WITH The Rapaport Diamond Podcast

The latest podcast reflects on last week’s arrest of Nirav Modi in central London, mixed results from Tiffany & Co., and the recent Assure Program by the Diamond Producers Association.

Jury Still Out on Baselworld
WITH Anthony Demarco

Many gem and jewelry exhibitors are still undecided as to whether to return to the Swiss show next year.

UPS AND DOWNS
image
Jared Scores Highest in Customer-Loyalty Survey
image
Instagram Allowing Consumers to Shop Through App
image
Indian Companies Selling Polished Cheap to Pay Loans
image
Western Australia Seeks Solution for Abandoned Mines
image
Tradewire Banner Single Stone April 2019
WEEKLY NEWS
industry
image
News Thumbnail
Eurostar Diamond Traders Enters Bankruptcy
Company plans to appeal court ruling.
News Thumbnail
Basel to Drop Prices by up to 30%
Gem and pearl exhibitors will move to Hall 2 for 2020 show.
News Thumbnail
GIA Unveils New Diamond Origin Report
Service applies to stones submitted for analysis in both rough and polished form.
News Thumbnail
Analysts Expect Flat Rough Prices in 2019
Demand won’t outweigh supply for several years, banks predict.
News Thumbnail
Graff Adds 13ct. Lesotho Pink to Portfolio
Jeweler purchased stone for $8.8 million at tender in Antwerp.
retail
image
News Thumbnail
Alrosa Notes Rise in Global Jewelry Sales
North America, the biggest market, sees 4% growth.
News Thumbnail
Tiffany Weathers Slow 4Q for Record Year
Revenue rose 7% to $4.4 billion in 2018.
News Thumbnail
Silver Jewelry Demand Grew in 2018, Survey Says
More than half of US retailers reported an increase in sales.
mining
image
News Thumbnail
De Beers’ Victor Mine Shuts Its Doors
Last haul truck departs, 11 years to the day after site’s opening.
News Thumbnail
Gem Diamonds Unearths 161ct. Rough
Stone is miner’s first this year over 100 carats.
News Thumbnail
Alrosa Sees Untapped Wealth in New Mine
Verkhne-Monskoye is rich in large diamonds, testing confirms.
News Thumbnail
Mountain Province Incurs Loss in 2018
Weaker Canadian dollar negatively affects bottom line.
general
image
News Thumbnail
Blue Twin Diamonds to Lead Christie’s NY
Auction house will also offer three D-color stones over 15 carats each.
News Thumbnail
Sotheby’s to Auction 3ct. Blue
Ring has a high estimate of $3 million.
News Thumbnail
Coronet Watch Wins Guinness Accolade
Jeweler breaks record for most diamonds set on a timepiece, at 15,858.
News Thumbnail
AGS Names Distinction-Award Honorees
Reeds Jewelers CEO Alan Zimmer will be recognized for lifetime achievement.
Mar 2019 Instagram 600X160
FINANCE
Diamond Industry Stock Report
image

Retail stocks dropped this week amid fears of a US recession and global economic uncertainty. J.C. Penney (-12.4%) fell, as did Walmart (-2.6%). Shares in Chow Sang Sang (-2.3%), Chow Tai Fook (-2.5%), Swatch Group (-4.3%) and Pandora (-2.3%) also slid. Tiffany (+8%) rose after the company reported record annual sales. Mining companies had a difficult week, with Mountain Province (-4.7%) down following a heavy loss, and Petra Diamonds (-14%) declining after Berenberg lowered its price expectations for the stock. Alrosa (-3.4%), Lucara Diamond (-4.1%) and Stornoway Diamond (-5%) also fell. Gem Diamonds (+6%) rose after it recovered a 161-carat rough diamond.

Rapnet Trade Wire
March 2019 300X300
11 Jul 2018 Rap Ac Digital 300X300Px Static
Rn Inst Inv 070818 Digi Banner Tw 300X300
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 May 16, 2019
May 16, 2019
Industry Retail Mining General Finance May 16, 2019 RAPAPORT...
India: Dealer Trading Quiet
Rapaport TradeWire May 9, 2019
Rapaport TradeWire May 2, 2019
Rapaport TradeWire May 2, 2019
May 02, 2019
Industry Retail Mining General Finance May 2, 2019 RAPAPORT MARKET...
Rapaport TradeWire April 18, 2019
Rapaport TradeWire April 11, 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