RapNet


Rapaport News

 

Research

 

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

Rapaport TradeWire June 13, 2019

Disappointing Las Vegas shows failed to add value for diamond dealers.
Jun 13, 2019 11:06 AM   By Rapaport
Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
June 13, 2019
RAPAPORT MARKET COMMENT
image

Disappointing Las Vegas shows failed to add value for diamond dealers. Jewelry wholesalers did better, reflecting steady US market. Diamantaires focused on showcasing tech rather than diamonds; innovations included improved traceability programs, online sales platforms and better inventory management. Brands pushing bridal as average engagement-ring price continues to decline. Small De Beers June sight expected as manufacturers reduce cutting operations. Alrosa May sales -8% to $266M. Chow Tai Fook FY sales +13% to $8.5B, profit +11% to $597M, but 2H growth flat amid trade war uncertainty. Industry mourns the passing of former GIA president Glenn Nord. 

Rapaport Banner 6 2019 Jewelers Mutual Jmss 600X160 Final
RAPNET DIAMOND INDEX (RAPI)
image
Weekly Monthly Y2Y
0.30 ct -0.50% -3.54% -16.27%
0.50 ct 0.07% -0.83% -6.12%
1.00 ct -0.14% -0.70% -3.98%
3.00 ct -0.23% -4.24% -14.20%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
image
United States: Some optimism for second half of the year amid positive jewelry retail sentiment...
image
Belgium: Commercial-quality G-J, VS-SI diamonds selling better than collection goods (D-F, IF-VVS)...
image
Israel: Dealers at the JCK show were looking for buying opportunities but cautious about falling diamond prices...
image
India: Factories operating at reduced capacity, and some manufacturers slashing salaries of polished workers...
image
Hong Kong: Steady interest in 0.30 to 0.50 ct., F-I, VS-SI RapSpec A3+ diamonds, but excess supply still affecting prices...
image
Gia Tw Banner E 31 May 2018
Video: Can ‘Good’ Diamonds Sell at a Premium?

Participants in Rapaport’s town hall meeting on ethical supply believe there is huge demand for responsibly sourced diamonds, and consumers are willing to pay more for such assurances. 

Was Vegas Worth the Gamble?
WITH Avi Krawitz

Las Vegas 2019 will be remembered for its relatively cool weather, the hot US political climate and, at best, lukewarm market conditions. But there were other important themes that emerged.

UPS AND DOWNS
image
Lucara CEO Hails Lightbox as Good for Natural Trade
image
Manufacturers Stand By Employees Amid Financial Woes
image
Industry Stunned by Indian Diamantaire’s Life Sentence
image
Shareholders Revolt at Karelian Diamond Resources
image
June 2019 Quarterly Pawnshop And Melee Tw Banner Resize
WEEKLY NEWS
industry
image
News Thumbnail
Podcast: Key Insights from the JCK Show
Rapaport's news team picks out its top themes and favorite moments from Las Vegas 2019.
News Thumbnail
The Drive to Lift the Artisanal Stigma
The wider diamond world is engaging with the small-scale mining sector and taking steps to encourage better standards.
News Thumbnail
Authorities Probe Diamond Theft at Alrosa
Russian authorities detain worker who attempted to steal more than $340,000 worth of stones.
News Thumbnail
Diamond Ring Fetches $31K/ct. at Sotheby’s
15-carat Marianne Ostier piece beats high estimate of $225,000 at New York sale.
retail
image
News Thumbnail
Amazon Cuts Fees for Jewelry Sellers
New tiered referral system will reduce cost of selling luxury pieces.
mining
image
News Thumbnail
Struggling Stornoway Seeks Buyer for Renard
Company has suffered three successive quarterly losses.
News Thumbnail
Alrosa’s Sales Slump in May
Revenue from rough and polished diamonds dropped 8% during the month.
News Thumbnail
Promising New Kimberlite Found at Gahcho Kué
Discovery of Wilson pipe sparks fresh exploration potential in the area.
general
image
News Thumbnail
Former GIA President Glenn Nord Dies at 90
He pioneered the institute’s corporate training program and global outreach.
News Thumbnail
Cutters Join Sarine’s Diamond Journey
Partners Program will enable buyers to source tracked stones from a broad selection of suppliers.
News Thumbnail
WJN Names 37 Ambassadors
Rapaport Editor-in-Chief Sonia Esther Soltani will serve as a representative for Israel.
News Thumbnail
Diamond Ring Smashes Estimate at Christie’s
Belle Époque piece sells for 10 times its presale valuation at London auction.
Rn Jewerly Phase 3 Banner 052219 600 X160Px Tw Static
FINANCE
Diamond Industry Stock Report
image

Retail stocks rebounded this week, with Chow Tai Fook (+13%) gaining after reporting positive fiscal-year results. J.C. Penney (+3.9%) and Walmart (+4.2%) also saw shares rise. Signet (-3.8%) lost ground following a drop in first-quarter revenue. Mining companies also bounced back after a few difficult weeks: Petra Diamonds (+9%), Anglo American (+9%), Rio Tinto (+5%), Mountain Province (+4.5%) and Lucara Diamond (+4%) all increased. Shares in Firestone Diamonds (-11%) fell, while Stornoway Diamonds (-43%) plummeted following reports it was looking for a buyer.

Rapnet Trade Wire
Tradewire Square June Quarterly Pawnshop And Melee
Rap Net Tw Square Free Trial 1
300X300 Cover
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