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Rapaport TradeWire September 19, 2019

Hong Kong show brings fewer visitors, but better-than-expected trading.
Sep 19, 2019 3:57 PM   By Rapaport
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Rapaport TradeWire
September 19, 2019

Hong Kong show brings fewer visitors, but better-than-expected trading. Serious buyers attending. Fair reflects specific Chinese interest and shift to lower-color diamonds. Pockets of good demand, with shortages of nice (eye-clean) RapSpec A3+ SIs due to reduced manufacturing. Some small-scale Indian cutters closing early for Diwali. De Beers maintaining flexibility for next week’s sight, allowing 20% buybacks or 50% rejections. Petra Diamonds FY revenue -6% to $464M, loss of $258M vs. $203M loss in previous year. Focus shifting back to US ahead of 4Q season, with call for major marketing campaign to raise consumer demand. US specialist jewelers’ 1H sales -5% to $14.4B. 

14 Jan 2019 Delgatto Tw Banner Gif
Weekly Monthly Y2Y
0.30 ct 0.15% -0.07% -21.01%
0.50 ct -0.47% -0.62% -10.52%
1.00 ct -0.04% -0.39% -6.68%
3.00 ct -0.48% -2.22% -18.87%
RAPI Yearly Graph
Bonhams 18 Sept 2019 Tw Banner
Market Reports
United States: Retailers have yet to make significant orders for the holiday season and are concentrating on memo goods for now...
Belgium: Rough market slightly more optimistic ahead of next week’s De Beers sight than it was a month ago...
Israel: Shortages developing and prices firming for 0.50 to 1 ct., F-I, VS2-SI2 (3X, nonfluorescent) diamonds...
India: Polished production still at reduced levels, with some small-scale manufacturers closing early for Diwali...
Hong Kong: Visitor traffic at the show down from previous years due to demonstrations in the city...
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15 Aug 2019 Gia Id 100 Machine Tw Banner
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Sentiment Cautious as Hong Kong Show Starts
Exhibitors expect low buyer attendance due to social unrest.
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Hong Kong Fair Prioritizes Buyer Incentives
Organizers rejected exhibitors' request for a discount, instead funding perks to entice visitors to the show.
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Alrosa Expects Kristall Merger in September
Annexation of manufacturer will enable miner to increase polished sales in US and China.
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CIBJO Urges Trade to Woo Gen Z-ers
World Jewellery Confederation provides tips for appealing to young customers.
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US Jewelry-Store Sales Fall in First Half
Purchases down 5% year on year.
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American Demand Drives Swiss Watch Exports
Country was the top market for timepieces in August.
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US Retail Revenue Robust Ahead of Tariff Hike
Store owners trying to minimize the impact of trade war on consumers, says NRF.
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Borsheims Creates Customer-Focused VP Role
Adrienne Fay promoted to vice president to unite the online and in-store shopping experiences.
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De Beers Finds Buyer for Namibia Mine
Company sells Elizabeth Bay deposit to Lewcor Group.
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Karowe Yields Two Massive Stones
Lucara recovers a 123-carat, type II rough and a 375-carat, gem-quality diamond.
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Gem Diamonds Unearths 127ct. Rough
Stone is seventh over 100 carats this year.
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Petra’s Loss Widens in Weak Market
Company’s four deposits devalued.
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Podcast: Young Diamantaires Explore South Africa
Rami Baron discusses recent trip to Venetia mine and goals of the group he established.
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Sarine, NGTC Partner on Grading Standards
Collaboration also aims to improve digital diamond solutions for the Chinese trade.
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GIA Names New Mineral Johnkoivulaite
Sample discovered in Myanmar and named for renowned microscopist and researcher.
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Bonhams Auctions Historic Emerald
Mughal Emperor Akbar II gifted stone to literary muse Lady Hood Mackenzie.
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Ed Bridge to Receive Lifetime Achievement Honor
Jewelers of America will present him with GEM Award.
Trade Wire 19 Sept Jewelry Auction
Diamond Industry Stock Report

Global retail stocks recorded major declines amid shareholder fears that rising gas and oil prices would eat into consumer spending. J.C. Penney (-33%), Macy’s (-9%), Signet (-5%), Chow Sang Sang (-4.4%), Richemont (-7%) and Swatch (-7%) all fell. Miners enjoyed better results: Lucara (+9%) stock rose following the recovery of two diamonds over 100 carats, while Petra (+9%) saw a rebound after disappointing results led to a sharp drop. Shares in Mountain Province (+13%) also increased.

Rapnet Trade Wire
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11 Jul 2018 Rap Ac Digital 300X300Px Static
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