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Rapaport TradeWire January 23, 2020

Polished sentiment positive following steady holiday sales.
Jan 23, 2020 10:49 AM   By Rapaport
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26 Nov 19 Igi Tw Banner Jewelry
Rapaport TradeWire
January 23, 2020
RAPAPORT MARKET COMMENT
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Polished sentiment positive following steady holiday sales. Strong interest in 0.30 ct., D-F, IF-VS1, but high-end 3 ct. and larger weak. Increasing rough demand raising polished-oversupply concerns as large quantities expected to enter market in coming weeks. De Beers lifts prices in some categories at Jan. sight and plans changes to rough buying criteria. De Beers 2019 sales -8% to 31M cts. Alrosa 2019 revenue $3.3B (-26%), sales volume 33.4M cts. (-12%). Far East dealer market slow ahead of Lunar New Year. Luk Fook to shut some Hong Kong stores as spending shifts to China. Richemont 3Q jewelry sales +9% to $2.4B. GIA halts sealing service following tampering.

5 Nov 2019 Gemolithos Tw Banner
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.41% 2.76% -5.04%
0.50 ct 0.32% 1.69% -2.96%
1.00 ct -0.33% -0.40% -5.05%
3.00 ct 0.41% 0.90% -14.40%
RAPI Yearly Graph
Trade Wire 600X160 April 2018
Market Reports
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United States: Select categories showing shortages while concerns grow about oversupply of weaker items...
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Belgium: Fancy shapes moving well, but fancy colors slowing...
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Israel: Peak 2019 selling season flat compared with 2018...
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India: Local Indian jewelry market weak amid tight liquidity and high gold prices...
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Hong Kong: Focus after Chinese New Year will be on March Hong Kong show, with expectations high amid solid retail demand from mainland...
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13 Nov 2019 Gia Id 100 Machine Tw Banner
How to Sell to Millennials
WITH Leah Meirovich

Luxury retailers need a less traditional approach if they want the “me generation” to buy their products. Here are some tips for reaching this coveted cohort of consumers.

UPS AND DOWNS
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US, Surat Diamond Traders Aid Laid-Off Polishers
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Cindy Chao Jewel Makes Couture Week History
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De Beers May Cut Some of Its Sightholders
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$2.5M Watch Resembles Burger King Toy, Internet Says
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Tradewire Banner February 2020 Single Stone
WEEKLY NEWS
industry
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News Thumbnail
De Beers Plans Overhaul of Supply Policy
Sightholders’ purchase history will no longer be main driver of future allocations.
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GIA Suspends Sealing Service
Move comes after fraudsters tampered with packets.
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DelGatto and Koin Partner on Tender Financing
Funding will be available to buyers of rough and polished goods.
retail
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Luk Fook to Reduce Hong Kong Presence
Jeweler will expand in mainland China and Macau.
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Holiday Sales Rise Amid Positive Sentiment
Revenue for the season up 4.1% to $730.2 billion, National Retail Federation reports.
News Thumbnail
US Trade Continues to Downsize
900 jewelry businesses left the industry in 2019, while only 228 joined.
News Thumbnail
Robust Jewelry Sales Boost Richemont
Growth in Europe, US and China outweighs Hong Kong slump in third quarter.
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Chow Tai Fook Buys Chinese Retailer Enzo
Deal will help jewelry giant expand in the colored-gemstone market.
mining
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News Thumbnail
Rio Tinto Lowers Outlook as Argyle Closure Looms
Production will drop to between 12 million and 14 million carats in 2020, miner forecasts.
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Alrosa Takes First Step Toward Reopening Mir
Company starts drilling to test mine’s potential.
News Thumbnail
New Production Strategy Pays Off for BlueRock
Company reports first annual profit in its history.
general
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GIA Examines Alrosa’s Matryoshka Diamond
Researchers believe free-moving internal crystal formed when inner material dissolved.
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Bonhams Expands Global Jewelry Team
Eleonora D’Ottavi joins as head of the category in Italy.
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Gem Legacy Adds New Advisory Board Member
Craig Danforth of Jewelers Mutual Group will be “priceless asset” to the nonprofit’s mission.
2019 Nov 28 Rap Net Comp Edge 600X160Px Static Final
FINANCE
Diamond Industry Stock Report
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Signet (+27%) soared after the jeweler reported strong holiday sales, while J.C. Penney (+3.3%) also rose. Chow Sang Sang (-8%) and Chow Tai Fook (-6%) lost ground following their announcements of store closures in Hong Kong. Mining stocks performed well, with Petra (+26%), Gem Diamonds (+10%) and Lucapa (+8%) all climbing.

Rapnet Trade Wire
Tradewire Box February 2020 Single Stone
2019 Nov 3 Comp Edge 300X300Px Final
11 Jul 2018 Rap Ac Digital 300X300Px Static
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