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Rapaport TradeWire October 10, 2019

​Diamond market quiet over Jewish holidays.
Oct 15, 2019 2:00 AM   By Rapaport
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8 July 2018 Igi Tw Top Banner
Rapaport TradeWire
October 10, 2019
RAPAPORT MARKET COMMENT
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Diamond market quiet over Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week, with buyers looking for polished before Diwali break (Oct. 27). Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production. China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shifting high-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry & watch sales +8% to $1.24B. Sotheby’s HK sells $38M, with 10.64 ct., purplish-pink, IF diamond selling for $19.9M ($1.9M/ct.); auction also reflects sluggish big-stone market as 80.88 ct., D, FL diamond fails to sell. Rapaport offices will be closed on Oct. 14-15 for the Jewish holidays.

Trade Wire 600X160 April 2018
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct -0.08% 0.39% -19.63%
0.50 ct -0.14% -0.52% -10.07%
1.00 ct 0.10% 0.17% -5.70%
3.00 ct 0.00% -0.37% -19.60%
RAPI Yearly Graph
15 Aug 2019 Gia Id 100 Machine Tw Banner
WFDB Prepares Master Plan to Boost Relevance
WITH Avi Krawitz

Facing challenging market conditions and new organizations that have diluted its mandate, the World Federation of Diamond Bourses is asking if its arbitration role is enough to galvanize the trade. 

UPS AND DOWNS
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Trade Wire 06 Oct Jewelry Auction
WEEKLY NEWS
industry
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News Thumbnail
Diamond Trade Cautious Ahead of Holiday Season
1-carat RAPI down 0.3% in September.
News Thumbnail
Pink Diamond Nets $20M at Sotheby’s
10.64-carat stone leads Hong Kong Magnificent Jewels and Jadeite sale.
News Thumbnail
Antwerp Bans Lab-Grown from Trading Floors
Rule applies to all four of the city’s bourses.
retail
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News Thumbnail
NRF Predicts Rise in Holiday Sales
Job growth and higher wages have lifted Americans’ spending power, federation says.
News Thumbnail
LVMH Jewelry and Watch Revenue Jumps
Sales at Bulgari and Hublot help drive 8% increase.
News Thumbnail
Rio Tinto Unveils $1.1M Argyle Jewels
Necklace-and-ring set features 673 pink, white, yellow, blue and champagne diamonds.
mining
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News Thumbnail
Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds to hold tender in Johannesburg next month.
News Thumbnail
Alrosa Finds Diamond Inside a Diamond
Miner makes discovery at the Nyurba division in Yakutia.
News Thumbnail
Lesotho Renews Letšeng Lease
Rate that Gem Diamonds must pay government increases to 10% of sales.
general
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News Thumbnail
DPA Launches ‘Diamond Journey’ Campaign
Ads depict story from volcanic eruption through to jewelry.
News Thumbnail
Phillips to Offer Rare Van Cleef Zip Necklace
Design was the brainchild of Wallis Simpson, Duchess of Windsor, according to legend.
Ra 19310 112 Tradewire Banner October Single Stone
FINANCE
Diamond Industry Stock Report
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Retail stocks had a positive week, with J.C. Penney (+11%) leading the gains among US companies, while Signet (+3.5%) also rose. European shares increased after sales data from LVMH (+5%) indicated the luxury group had weathered challenges in the Hong Kong market. Kering (+4.2%), Richemont (+2.4%) and Swatch Group (+1.2%) all benefited. Jewelers in India and the Far East continued to drop, with Titan (-4.6%) heading the declines following disappointing quarterly results. Petra Diamonds (+16%) was the standout mining performer amid optimism for its upcoming tender of a 20-carat blue diamond.

Rapnet Trade Wire
Ra 19310 113 Tradewire Square October Single Stone
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300X300 Mag Cover
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