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Rapaport TradeWire February 6, 2020

Hong Kong show postponed to May 18-21 as coronavirus impacts global trade.
Feb 6, 2020 10:31 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
February 6, 2020

Hong Kong shows postponed to May 18-21 as coronavirus impacts global trade. Weak Chinese New Year sales to reduce 1Q inventory replacement as jewelers are left with large volumes that didn’t sell. Diamond markets quiet. Polished prices supported by shortages, particularly of 0.30 to 0.49 ct., D-F, IF-VVS2 goods. 1 ct. RAPI -0.4% in Jan. Manufacturers cautious, despite strong recent rough buying, as oversupply of lower-quality diamonds remains. Russia’s Eximbank enters diamond lending as Alrosa helps negotiate loan to Dali Diamond. Lucara finds 549 ct. rough at Karowe mine. Martin Rapaport to give keynote presentations at Israel Diamond Exchange Feb. 10 and Palm Beach Show Feb. 16.

5 Nov 2019 Gemolithos Tw Banner
Weekly Monthly Y2Y
0.30 ct 1.49% 3.21% -3.16%
0.50 ct -0.57% 0.52% -3.82%
1.00 ct -0.06% -0.63% -5.23%
3.00 ct -1.82% -1.18% -15.59%
RAPI Yearly Graph
Alrosa Usa 600 X160 1
Market Reports
United States: Pockets of good demand, with steady orders for 1 to 1.50 ct., G-J, VS2-I1 diamonds for bridal...
Belgium: Rough market slower after strong January sales...
Israel: Slow market, but improvement anticipated during International Diamond Week (Feb. 10-12)...
India: Trade disappointed by 2020 government budget, which kept import duty on gold at 12.5% and polished diamonds at 7.5%...
Hong Kong: Fewer buyers in the market as government imposes two-week quarantine on visitors from mainland China following outbreak of coronavirus...
26 Jan 2020 Tw Banner Jm Benefits Calculator
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Rapaport Group Chairman will speak about the challenges and opportunities in Israel’s diamond trade during International Diamond Week in Israel. His presentation will take place on Monday, February 10, at 4:30 p.m.

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Tiffany Stockholders Approve LVMH Deal
Angola’s Endiama Expects over 10M Carats in 2020
Botswana Economy Challenged by Weak Diamond Market
De Grisogono’s Bankruptcy and the 800ct. Diamond
Trade Wire 600X160 April 2018
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Hong Kong Shows Postponed Due to Coronavirus
Fairs will take place in May instead of March.
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Diamond Market Cautious Amid China Concerns
1-carat RAPI down 0.4% in January.
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André Messika Invests in Namibia Factory
The operation employs over 30 disabled workers.
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Asscher to Lead World Diamond Council
He will take over as president for a two-year term at start of June.
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Gucci Pulls Out of Baselworld
Later timing of 2020 show was an issue for the luxury brand.
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Valentine’s Day Spending Set to Increase 32%
Shoppers plan to shell out $5.8 billion on jewelry.
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Sterling Takes Gender-Bias Case to Supreme Court
Jeweler appeals earlier rulings that empowered an arbitrator to certify class-action proceedings.
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Hong Kong Luxury Sales Hit Decade Low
Revenue from jewelry, watches, clocks and other valuable gifts falls 22% in 2019.
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Pandora Predicts Slowdown Amid China Weakness
Company expects sales will decrease 3% to 6% in 2020.
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Swatch Group Revenue Drops in 2019
Sluggish Hong Kong market and strong Swiss franc presented challenges for owner of Omega and Harry Winston.
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Alrosa Reveals Client List for 2020
Miner removes two companies and adds one in annual reshuffle.
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Karowe Yields Massive 549ct. Rough
Stone is fourth largest in Botswana deposit’s history.
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Mountain Province to Exit Nasdaq
Miner will still be registered with the Toronto Stock Exchange.
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Russian Bank Offers Credit to Alrosa Client
Eximbank enters market amid scarcity of finance in the industry.
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De Beers Brings Its Grading Services to US
Miner will have exclusive rights to provide reports to wholesaler RDI Diamonds.
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Self-Purchasing Females Choose Tiffany
Pandora, Swarovski and Gucci are the next most popular, says MVI Marketing survey.
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Gold-Jewelry Demand Hits Eight-Year Low
Economic slowdown in India and China drove the 10% drop for the fourth quarter.
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WJN Launches Gender-Equality Survey
Study asks about topics such as work satisfaction, support and career progression.
13 Nov 2019 Gia Id 100 Machine Tw Banner
Diamond Industry Stock Report

Global retail stocks rebounded after analysts predicted the coronavirus’s impact would be short-lived. Macy’s (+3.4%), Chow Tai Fook (+3.3%), Luk Fook (+2.6%), LVMH (+3.8%) and Richemont (+3.5%) all rose. Mining companies had a mixed week, with Lucapa (+14%) and Gem Diamonds (+8%) climbing, while Petra (-8%) and Mountain Province (-8%) both lost ground. 

Rapnet Trade Wire
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Tradewire Box February 2020 Single Stone
300X300 Mag Cover
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