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Rapaport TradeWire November 28, 2019

Positive sentiment as US jewelers complete holiday orders
Nov 28, 2019 10:44 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
November 28, 2019
RAPAPORT MARKET COMMENT
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Positive sentiment as US jewelers complete holiday orders. Optimistic outlook for season as stock market rallies despite Trump impeachment trial and trade war. LVMH $16.2B Tiffany buyout demonstrates confidence in luxury jewelry sector. Macy’s and J.C. Penney highlight strong 3Q jewelry performance. Retailers taking more on memo, presenting good opportunity for New York dealer market. Manufacturers raising production after Diwali break amid shortages of better-quality RapSpec A3+ diamonds. Christie’s Hong Kong sells $50.6M, including important jadeite necklace for $9.4M. The Rapaport Group wishes all our friends a happy Thanksgiving and a successful holiday season.

12 Nov 2019 Phillips Trade Wire Banner 600X160
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 3.47% 5.74% -12.29%
0.50 ct 0.75% 1.49% -7.78%
1.00 ct -0.22% -0.24% -6.06%
3.00 ct 0.29% -0.36% -17.96%
RAPI Yearly Graph
5 Nov 2019 Gemolithos Tw Banner
Market Reports
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United States: Emphasis on multichannel as retailers steer customers to stores via online promotions...
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Belgium: Steady movement of 0.30 to 1 ct., G-J, VS-SI diamonds...
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Israel: Good market for 1.50 ct., G-H, VS2-SI2 diamonds for peak US engagement season...
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India: Rough trading stable, with some hope for further price cuts...
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Hong Kong: Major jewelers maintaining low inventory and shifting better goods to mainland stores ahead of upcoming Chinese New Year...
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Trade Wire 600X160 April 2018
The Curious Case of Fluorescence
WITH Avi Krawitz

Diamonds with fluorescence sell at a significant discount to those without it. Yet the general perception is that consumers don’t mind fluorescence, and sometimes even like the effect. The November Rapaport Research Report examines how the value of fluorescent diamonds has deteriorated in the trade, and explores the opportunities these stones may present in today’s market. 

LVMH Sees Value in Tiffany’s Diamond Sourcing
WITH Joshua Freedman

Tiffany buys most of its diamonds as rough and cuts them in-house — a model LVMH believes it can use to benefit its own business.

UPS AND DOWNS
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Endiama to Invest $200M to Increase Angolan Production
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Postal Service Looks to Support Surat Industry
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Dresden Museum Thieves Likely to Break Jewels Up
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Diamond Sector Tired of Going from Crisis to Crisis
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13 Nov 2019 Gia Id 100 Machine Tw Banner
WEEKLY NEWS
industry
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News Thumbnail
LVMH Seals Tiffany Deal for $16B
Acquisition will strengthen luxury group’s position in jewelry and increase its US presence.
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Rapaport Sees Opportunity for Dealers Amid Turmoil
Added value lies in the ability to find the right diamonds for the right person at the right time.
News Thumbnail
KP Fails to Expand Conflict-Diamond Definition
Representatives did not reach consensus at last plenary of three-year review period.
News Thumbnail
Thieves Steal Historic Jewels Worth over $1B
Robbery occurs at Germany’s Green Vault museum in Dresden.
retail
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Jewelry Among Top Performers at Major Retailers
Macy’s and J.C. Penney have created destination zones for the category.
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China Growth Rescues Chow Tai Fook Sales
Total revenue steady despite Hong Kong unrest.
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TSL Outlook ‘Gloomy’ Amid Hong Kong Slump
Jeweler’s sales fall 14% in first fiscal half.
mining
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Lucapa Eyes Increased Share in Lulo
Miner wants to raise its 39% stake in Angola site to majority holding.
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Letšeng Yields Two Diamonds Above 100ct.
Discoveries include “high-quality” 120-carat stone.
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Emerald Demand Buoyant at Gemfields Rough Sale
Miner achieves record average price of $85 per carat in Singapore.
general
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Phillips Garners Nearly $10M at Hong Kong Auction
5.22-carat Burmese ruby ring among top sellers.
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Stargems Closes Strong Dubai Rough Tender
Sale included 500,000 carats from Sacim mine in Democratic Republic of Congo.
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Jadeite Necklace Nets over $9M at Christie’s
Heavenly Harmony contains 68 beads perfectly matched from two rough stones.
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Sotheby’s London Sale Rakes In $6.8M
Van Cleef necklace beats estimate with price of $402,375.
2019 Nov 28 Rap Net Comp Edge 600X160Px Static Final
FINANCE
Diamond Industry Stock Report
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Shares in Tiffany (+8%) rose on news of its acquisition by LVMH (+3.1%). Other retail stocks also increased amid optimism over US-China trade talks, and as investors anticipated strong Black Friday sales. Signet (+14%), Chow Sang Sang (+5%), Luk Fook (+6%) and Pandora (+5%) all gained. Mining stocks continued to struggle in a weak rough market, with Lucapa (-8%), Firestone (-8%), Gem Diamonds (-6%) and Mountain Province (-5%) all declining.

Rapnet Trade Wire
Trade Wire Square 29 Oct 19 Almor
Tradewire Square December Qp Melee
2019 Nov 3 Comp Edge 300X300Px Final
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