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Rapaport TradeWire October 31, 2019

Polished trading improving as jewelers prepare holiday inventory.
Oct 31, 2019 11:35 AM   By Rapaport
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Rapaport TradeWire
October 31, 2019

Polished trading improving as jewelers prepare holiday inventory. US demand supporting the market. China cautious due to trade war and Hong Kong unrest. Luk Fook 2Q same-store sales -37%. Indian dealers and manufacturers on Diwali vacation. Specific demand creating high inventory of less popular qualities. De Beers 2018 global market estimate finds rough sales +3% to $16.9B, production volume -3% to 154M cts. and value +2% to $17.4B, polished demand +2% to $25.3B, diamond-jewelry demand +2% to $76B. Insight Report outlines changing attitudes toward love and their impact on the industry. LVMH makes $14.5B offer to acquire Tiffany & Co.

Trade Wire 600X160 April 2018
Weekly Monthly Y2Y
0.30 ct 0.81% 1.43% -17.50%
0.50 ct 0.24% 0.41% -9.14%
1.00 ct 0.09% -0.29% -5.50%
3.00 ct -0.52% -0.25% -18.51%
RAPI Yearly Graph
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Market Reports
United States: Jewelry retailers starting to implement holiday sales strategies...
Belgium: Pears and ovals are strongest fancy shapes...
Israel: Foreign buyers looking for goods in Ramat Gan while Indian dealers are on vacation...
India: Market quiet with businesses closed for Diwali break, which began October 27...
Hong Kong: Retailers under pressure due to political climate and seeing steep declines in Hong Kong sales...
Trade Wire Banner 30 Oct 19 Jewelry Auction
Diamond Manufacturers Must Brace for Automation
WITH Avi Krawitz

The industry is undergoing a revolution as artificial intelligence rapidly gains traction in mining, manufacturing and grading. The Rapaport Research Report explores.

De Beers Testing New Canadian Diamond Project
Angola Aims for 14M Carats by 2022
Indian Slowdown Hits Diwali Jewelry Sales
Moody’s Not Sure Dominion Can Repay $550M Bond
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More Brides Buying Their Own Engagement Rings
De Beers Diamond Insight Report focuses on evolving nature of love relationships.
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Private-Collection Jewels to Lead Christie’s Sale
Ruby, emerald and diamond brooch expected to fetch up to $5.5 million in New York.
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Delgatto Diamond Fund Gets $100M Injection
Investment will help it increase credit to the industry.
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DPA Creates New Public-Affairs Role
Raluca Anghel will oversee interactions with trade bodies.
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LVMH Proposes Tiffany Takeover
Offer values US jeweler at $14.5 billion.
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Kering Notes Strong Quarter for Jewelry
Its Boucheron, Pomellato and DoDo brands performed well.
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Hong Kong Protests Hit Luk Fook
Same-store sales in municipality fall 39% in July to September as tourism slows.
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Young Shoppers to Drive Rise in Holiday Spending
Consumers between 18 and 34 plan to expand their circle of gift recipients.
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Higher-Grade Ore Boosts Lucapa Production
Quarterly output rises at Mothae and Lulo mines.
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Petra Launches Artisanal Mining at South Africa Site
Koffiefontein initiative provides small-scale operators with tailings from main deposit.
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Firestone Questions Future of Operations
Liqhobong owner struggling with mounting debt and lower rough prices.
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Alrosa Finds Its Largest Diamond in Three Years
232.4-carat stone from Udachnaya pipe has a yellowish hue and several chips.
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Letšeng Yields 161ct. Rough
Stone is eighth over 100 carats Gem Diamonds has recovered this year.
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US Diamond Shipments Drop in August
Polished imports slump 25%.
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De Beers to Provide Lab-Grown Testing for Circa
Miner will authenticate secondhand luxury retailer’s jewelry and offer educational courses for its customers.
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GIA Hires Mark Buntz as Marketing Chief
Former golf-company executive succeeds Kathryn Kimmel, who retired in August.
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Sotheby’s Names New CEO Following Takeover
Charles Stewart was previously CFO at Patrick Drahi’s Altice USA.
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Diamond Industry Stock Report

Tiffany (+34%) jumped following news LVMH wanted to purchase it. Other US retailers dropped, including J.C. Penney (-5%) and Macy’s (-4%). Kering (+7%) rose after reporting strong third-quarter sales, while Richemont (+5%) also gained. Miners continued to struggle, with Firestone (-15%) falling following poor quarterly results, and Gem Diamonds (-7%), Lucara (-3%) and Mountain Province (-2%) all slipping. There were increases for Alrosa (+5%), which recovered a 232-carat rough, and Petra (+17%).

Rapnet Trade Wire
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