Už dlho sledujem a v nemom úžase obdivujem hrdinstvo kolegu Grofika, ktorý aj napriek pár neprajníkom nepoľavuje vo svojom úsilí a naďalej so železnou pravidelnosťou zverejňuje na stránkach sberatel.com Rapaport, za ktorý sme mu my všetci úprimne vďační.
Naopak komentáre neprajníka a spiatočníka Altmanna ma vedia priviesť k úprimným slzám - zo smiechu. 😆
Processed coin catalogs 4.418 Auctions / 36.665 Lots
Všetko o bankovkách www.mojazbierka.sk :)
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Alrosa Sales Hit by Weak Rough Demand
Miner Allows 50% Rejections in August and September
RAPAPORT... Alrosa’s sales fell in the third quarter as the rough-diamond market slowed ahead of the Diwali festival.
The company reported rough sales of $848 million during the period, which was 13% lower than a year ago, according to Rapaport records. The decline reflected a drop in rough demand experienced during the summer.
Amid the slowdown, Alrosa permitted clients to reject up to 50% of their allocations by volume at the August and September contract sales, in contrast to the usual 30% allowance, market sources said. Clients’ actual rejection rate was at normal levels, an Alrosa spokesperson said.
Meanwhile, the average price achieved from Alrosa’s sales declined 3% year on year to $114 per carat, according to Rapaport calculations. The company’s average price achieved in 2017 has been lower due to higher-than-usual sales of lower-quality goods.
“Alrosa’s revenue results in 2017 were impacted by sales of additional volumes of small goods with a low price, which remained unclaimed in the Indian market last year but were in demand in [the first half of 2017],” the spokesperson explained.
Consequently, sales in the first nine months of the year declined 6% to approximately $3.3 billion, Alrosa reported. The volume of sales increased 6% to 31.8 million carats, slightly above the company’s production for the period.
Group output grew 6% to 29.5 million carats in the nine months, mainly due to increased mining at alluvial deposits and certain key assets, including Udachny and Karpinskogo, explained Igor Sobolev, Alrosa’s first vice president. Production in the third quarter decreased 6% to 10.3 million, largely attributable to a 20% decline in the Mirny division, where a major flood caused a shutdown of the mine in early August.
The miner reaffirmed its production outlook for the year, projecting an increase of 5% to 39.3 million carats, and maintained a positive outlook for the fourth quarter.
“The third quarter and beginning of autumn is traditionally a period of low activity on the market,” the spokesperson said. “However, retail sales continue to show good results, which gives reason to expect an improvement in market activity in preparation for the winter holiday season.”
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Rapaport Weekly Market Comment
Oct 26, 2017 11:00 AM By Rapaport News
Polished trading improves in Belgium, Israel & Hong Kong as India shuts down for Diwali. US holiday orders driving sales, with buyers pushing for deeper discounts. Polished inventory high, but shortages of select RapSpec A3+ SIs. Rough market slow with Indian factories closed. Alrosa 3Q sales volume -10% to 7.5M cts, production -6% to 10.3M cts. De Beers 3Q sales volume +21% to 6.9M cts, production +46% to 9.2M cts. Petra Diamonds 1Q sales -17% to $79M. Luk Fook 2Q same-store sales +17%, gem-set jewelry +16%. Signet Jewelers completes $960M sale of prime credit program. J.C. Penney rebrands jewelry unit with lower-priced smartwatches and bridal line for millennials.
Fancies: Ovals selling well in US. Pears and Cushions steady. Squares soft, with declining interest in Princesses. US demand supporting market for commercial-quality, medium-priced fancies under 1 ct. Selective buyers of large, fine-quality fancy shapes facing limited supply. Far East demand improving as consumers seek fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.
United States: Sentiment weak. Dealers’ margins squeezed as polished prices have softened. Steady demand for 1 to 2 ct., G-H, VS2-I1 diamonds. Improved trading in large stones above 5 ct., which offer better margins than smaller commercial diamonds. Buyers looking for goods at deeper discounts. Retailers preparing for holiday season.
Belgium: Polished trading increases after seasonal third-quarter slowdown. Indian dealers on Diwali vacation.Steady demand for 1 to 1.50 ct., F-I, VS-SI, RapSpec A3+ diamonds. Dossiers slow. Rough trading quiet with concern over high polished inventory levels.
Israel: Activity improving after Jewish holiday break. Sentiment relatively positive, despite rumored bankruptcies. Steady demand for 1 ct., G-H, VS-SI, RapSpec A3+ diamonds, driven by US holiday orders. Large volume of goods out on memo. Rough market stable with rise in large-stone activity in Ramat Gan.
India: Market quiet with most businesses still closed for Diwali. Trading expected to resume next week (October 30), while Surat factories to remain closed until mid-November. Manufacturers hoping shutdown will help rebalance inventory levels. Strong diamond-jewelry sales compensated for weak gold sales during Diwali, according to Economic Times report.
Hong Kong: Sentiment rising as jewelers prepare for Christmas and Chinese New Year seasons. Retailers gaining confidence and resuming store expansion in China. Dealers focused on 0.30 to 1 ct., D-H, VS-SI, RapSpec A2+ diamonds. Online retailers starting early 11/11 Singles’ Day promotions.
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NOVEMBER 2, 2017
RAPAPORT MARKET COMMENT
Polished prices relatively stable with 1 ct. RAPI -0.2% in Oct. Shortages of select fine-cut diamonds helping stabilize the market, with improvement in US memo demand as holiday season approaches. Jewelers optimistic as stock-market rally expected to boost consumer spending. Inventory purchases limited, with most relying on memo. Polished supply projected to rise after Diwali break, as 3Q rough mining production reaches decade high of 26.4M cts. from top 4 miners. Hong Kong’s Tse Sui Luen 1H sales +12% to $222M. Tiffany opens New York pop-up stores in time for holiday season. Rapaport to host New York viewing of Alrosa Dynasty Collection on Nov. 8-17. Alrosa auction on Nov. 29.
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To je vitrínka v obývačke ?😲
Processed coin catalogs 4.418 Auctions / 36.665 Lots
Všetko o bankovkách www.mojazbierka.sk :)
Sent from my ZX Spectrum
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