Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Rapaport TradeWire July 4, 2019

Diamond market quiet as US dealers take vacation.
Jul 4, 2019 11:32 AM   By Rapaport
Print Print Facebook Facebook Twitter Twitter Share Share
8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
July 4, 2019

Diamond market quiet as US dealers take vacation. America supporting the trade with steady retail sales and expected boost from Independence Day weekend. Midstream under pressure with tight liquidity, slow orders and excess inventory. Weak sentiment continues as polished prices soften. 1 ct. RAPI -1.4% in June. Manufacturers buying polished rather than rough, as they need to focus on profitability instead of turnover. Buyers taking advantage of suppliers’ need for cash and pushing for discounts. PwC predicts Hong Kong retail sales will slide 5% in 2019 as demonstrations, reduced tourist spending, and trade war affect business. Luk Fook FY revenue +9% to $2B, profit +10% to $193M.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct -2.18% -3.36% -21.17%
0.50 ct -1.28% -1.75% -8.12%
1.00 ct -0.16% -1.22% -5.63%
3.00 ct -2.20% -3.50% -16.67%
RAPI Yearly Graph
Gia Tw Banner E 31 May 2018
Market Reports
United States: Stable engagement and bridal sales during summer wedding season...
Belgium: Fancies moving better than rounds, with steady demand from European jewelers...
Israel: Many dealers have reduced operations in recent years, which has helped shield them from the current downturn...
India: Good market for top-make SIs and lower piqué goods...
Hong Kong: Trading down due to sluggish demand, slow season and political protests...
Rn Jewerly Phase 3 Banner 052219 600 X160Px Tw Static
Stop Buying Rough
WITH Avi Krawitz

A freeze on rough purchases would give manufacturers leeway to sell without having to produce, helping to restore liquidity.

Why the Market for Large Diamonds Is in Free Fall
WITH Joshua Freedman

Prices of 3-carat stones and larger have slumped in the past six months. Four factors are driving the slowdown.

Webinar: A Race to the Bottom?
WITH Avi Krawitz

Rapaport’s Senior Analyst will host two webinars on July 17 and 18 assessing the current challenges in the market.

Diamond Consumption in China Is on the Rise
Gucci Opens High-End Jewelry Store in Paris
Floods Disrupt Supply of Goods to Mumbai
Man Gets Five-Year Sentence for Brussels Heist Role
Tradewire Banner July 2019 Melee Single Stone 1
News Thumbnail
Challenging Diamond Market Sees Further Declines
1-carat RAPI falls 3.1% in the first half.
News Thumbnail
JSA Warns Jewelers of Power-Cut Break-Ins
Alliance issues “code red” warning ahead of July 4.
News Thumbnail
Tariffs, Taxes Top JA Washington Agenda
Trade representatives lobby lawmakers on Capitol Hill.
News Thumbnail
Net-a-Porter to Debut VIP-Only Jewelry Site
Platform will be available exclusively to company’s most loyal customers.
News Thumbnail
Protests Dent Hong Kong Retail Outlook
Sales will drop 5% in 2019, PwC predicts.
News Thumbnail
China Expansion Spurs Luk Fook Growth
Performance weakened in second half due to trade war.
News Thumbnail
Ex-Letšeng CEO Joins Gem Diamonds Board
Mazvi Maharasoa headed the Lesotho mine until 2017.
News Thumbnail
Trans Hex Cautious About Future Operations
Company records full-year loss for its South African business.
News Thumbnail
Firestone Gets Bank Waiver After Prices Slide
Miner was at risk of breaching loan covenants.
News Thumbnail
Israel Bourse Unveils ‘Real Diamonds’ Campaign
First video ad highlights the allure of natural stones.
News Thumbnail
AGTA Show Manager Keen to Retire
She was responsible for expanding the organization’s presence at national events.
News Thumbnail
GIA Expands China Education
Institute partners with Shanghai Jiao Tong University to offer remote learning.
News Thumbnail
New Tool Evaluates Perceived Diamond Size
Australian jeweler Garry Holloway files patent application for Looks Like.
News Thumbnail
Ethics Service for Small-Scale Jewelers Launches
Program by Levin Sources helps companies with their policies and procedures.
600X160 Mag
Diamond Industry Stock Report

Retail shares showed some positivity this week after US President Donald Trump said trade talks with China were resuming. European equities gained strongly, with increases at Pandora (+3.4%), LVMH (+3.2%) and Kering (+1.5%). Birks Group (+5%) led mixed Wall Street stocks. However, Hong Kong-based Luk Fook (-5%) dropped after giving a cautious outlook. Mountain Province (-11%) was the weakest performer in an overall disappointing seven days for mining stocks.

Rapnet Trade Wire
Rap Net Tw Square Free Trial 1
Tradewire Square July 2019 Melee Single Stone 1
11 Jul 2018 Rap Ac Digital 300X300Px Static
Contact Us
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 August 6, 2020
Aug 06, 2020
Industry Retail Mining General Finance August 6, 2020 RAPAPORT MARKET...
Rapaport TradeWire July 30, 2020
Rapaport TradeWire July 23, 2020
Rapaport TradeWire July 16, 2020
Rapaport TradeWire July 9, 2020
Jul 09, 2020
Industry Retail Mining General Finance July 9, 2020 RAPAPORT MARKET...
Rapaport TradeWire July 2, 2020
Rapaport TradeWire June 25, 2020
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