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Rapaport TradeWire April 4, 2019

Polished market slow, with stable US demand supporting the trade.
Apr 4, 2019 10:59 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
April 4, 2019
RAPAPORT MARKET COMMENT
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Polished market slow, with stable US demand supporting the trade. Dealers under pressure as polished prices continue to soften. 1 ct. RAPI -0.5% in 1Q. Rough-market sentiment weak amid reports De Beers is reducing 2019 supply. Manufacturers hoping reduced rough sales will ease liquidity concerns. Signet 2018 sales -0.1% to $6.3B, loss of $690M vs. profit of $486M. Chow Sang Sang 2018 revenue +13% to $2.4B, profit +15% to $129M. Tiffany and Forevermark shift marketing focus to bridal. Sotheby’s Hong Kong sells oval, 88.22 ct., D, FL diamond for $13.8M ($156,150/ct.). De Beers launches provenance program for “Diamonds from DTC.” GIA rebrands synthetics grading report as lab-grown.

14 Jan 2019 Delgatto Tw Banner Gif
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.54% -3.24% -11.91%
0.50 ct -0.15% 0.02% -2.90%
1.00 ct -0.01% -0.09% -2.46%
3.00 ct 0.56% -1.39% -8.10%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Jewelers’ 1Q sales improving following weak holiday season...
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Belgium: Rough market cautious during De Beers sight...
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Israel: Sluggish demand for 3 ct. and larger...
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India: Buyers sensing midstream pressures and pushing for deeper discounts...
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Hong Kong: Jewelers seeing shift to lower-priced diamonds in collections...
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Gia Tw Banner E 31 May 2018
WEBINAR: THE WAY FORWARD IN A SLOW MARKET
WITH Avi Krawitz

Rapaport Senior Analyst Avi Krawitz will provide insight into market trends based on data published in the Rapaport Research Report. The hour-long webinar, taking place later this month, will examine the recent holiday season, the state of the rough market, and the factors set to affect polished prices during the rest of 2019.

UPS AND DOWNS
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Titan Confident of Growth Despite Jewelry Slump
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Tiffany Hires More Than 2,000 Manufacturers
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Canadian Diamond Miners Face Difficult Future
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Synthetics a Concern for Mountain Province Investor
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2019 Feb 13 Rap Net Instant Inventory
WEEKLY NEWS
industry
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News Thumbnail
Profits Tight Amid Slow Diamond Trading
Hong Kong and Basel shows fail to boost market in March.
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FTC Issues Warnings to Synthetics Sellers
Commission sends letters to eight companies whose marketing may be deceptive.
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De Beers Closes Diamond-Reselling Unit
Digital advancements have lessened the need for IIDV’s services.
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GIA Aligns Lab-Grown Reports with FTC Standards
New certificate will not use term “synthetic.”
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88ct. Oval Diamond Fetches $14M
Private Japanese buyer names stone after his daughter.
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US Trade Confident as Polished Imports Surge
Rise in shipments in 2018 suggests dealers anticipating demand.
retail
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Weak Holidays Dampen Signet’s Year
Revenue down 0.1% as fourth quarter disappoints.
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Tiffany Debuts Engagement Campaign
Video commercial features three couples sharing moments together.
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Hong Kong Luxury Sales Fall in February
Timing of Lunar New Year affected month’s figures.
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Strong Gold Demand Boosts Chow Sang Sang
Revenue up 13% in 2018.
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Forevermark Launches Bridal Initiative
Campaign is De Beers’ first in the category in nearly 20 years.
mining
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Petra Recovers 425ct. Diamond
Stone came from Cullinan mine in South Africa.
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De Beers Launches Provenance Program
Relaxed source-disclosure rules began at this week’s sight.
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Letšeng Mine Yields 134ct. Yellow
Diamond follows discovery of 161-carat white stone.
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CAR Invites De Beers and Alrosa to Mine Its Diamonds
Offer is part of plan to overhaul sector to meet Kimberley Process standards.
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Stornoway Loss Deepens Amid Renard Delays
Issues with transition to underground mining contributed to deficit.
Tradewire Banner Single Stone April 2019 Updated
FINANCE
Diamond Industry Stock Report
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Retail shares improved this week as the easing of trade-war concerns drove a rise in global stock markets. Chow Sang Sang (+7%), Chow Tai Fook (+4.7%), Tiffany (+2.4%), Kering (+3%) and Richemont (+2.9%) all gained. Mining stocks continued their downward descent, with Stornoway Diamond (-43%), Lucara Diamond (-7%), Firestone Diamonds (-8%) and Gem Diamonds (-3.2%) all falling.

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