Altmann napsal/a:
Děkuji, vždy čekám a dívám se na ceny, porovnávám své truhlice s diamanty. Je to práce, navážit a znova třídit. Na druhou stranu se nemusím spoléhat jen na důchod. Je dobré se orientovat v diamantech. Děkuji.🙄
...o dva týždne neskôr...
Děkuji za info. Již mi to chybělo.
Grofik gratulujem !Tvoj Rapaport má prvého náruživého sledovateľa.😃
Processed coin catalogs 4.418 Auctions / 36.665 Lots
Všetko o bankovkách www.mojazbierka.sk :)
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Rapaport Weekly Market Comment February 23, 2017
High hopes for next week’s Hong Kong show after China jewelry sales improved during the Chinese New Year. Polished prices steady as suppliers await outcome of the show and defend high rough prices. Manufacturing rising with steady rough demand during sight week. De Beers 2016 earnings +159% to $667M, revenue +30% to $6.1B, to raise 2017 production from 27M to 31-33M cts. Lucara 2016 sales +32% to $296M, profit -9% to $71M. Petra Diamonds 1H revenue +48% to $229M, profit of $35M vs. $2M previous year. Dominion 2016 sales -21% to $571M, Ekati production +40% to 5.2M cts. India Jan. polished exports +3% to $1.6B, rough imports +28% to $1.3B. ALROSA CEO Andrey Zharkov to step down.
RapNet Data: February 23
Diamonds 1,235,554
Value $7,550,793,072
Carats 1,322,250
Average Discount -30.19%
The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network.
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QUOTE OF THE WEEK
They’re probably the oldest thing any of us will ever touch.
De Beers head of strategy Gareth Mostyn on the value of natural diamonds.
MARKETS
United States: Polished market stable with buyers looking for deals and pushing for higher discounts. Steady demand for 1 to 2.99 ct., D-J, VS1-SI1 diamonds…
Belgium: Sentiment weak as trading slowed in February. Difficult to find the right goods at the right price…
Israel: Trading slowed after busy International Diamond Week. Rising expectations for Hong Kong show (Feb. 28 to Mar. 4) with large delegation of 83 exhibitors in Israel pavilion…
India: Trading cautious with foreign buyers looking for bargains and dealers waiting for better prices at the Hong Kong show…
Hong Kong: Positive sentiment as trading improves ahead of the show. Buyers looking for goods as they expect suppliers to hold prices firm during the show in order to cover exhibition expenses…
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RAPAPORT STATEMENT
Rapaport Statement on President Trump’s Trade Policy
President Trump’s trade policy is based on his principles of “America First” and “Reciprocity.” America must use its purchasing market power to ensure reciprocal benefits from trade partners...
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FIVE-MINUTE INTERVIEW
De Beers Foresees Pleasingly Normal 2017
After diamond inventory levels returned to normal in 2016, De Beers is raising its production and marketing activity to spur growth, says Gareth Mostyn, head of strategy and corporate affairs...
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INDUSTRY
De Beers Profit Jumps as Diamond Market Stabilizes
Profit more than doubled for De Beers last year as trading conditions in the diamond-manufacturing sector improved and inventory levels stabilized. Underlying earnings jumped to $667 million in 2016 from $258 million a year earlier. This came as revenue grew 30% to $6.07 billion, reflecting a 37% hike in rough-diamond sales to $5.6 billion. The midstream of the diamond industry returned to buying rough after a 2015 slump in demand, parent company Anglo American explained.
ALROSA President Zharkov to Step Down
Andrey Zharkov (pictured) will resign as president of ALROSA, a source close to the Russian diamond miner said. Zharkov’s three-year term as president expires in May 2018, but the timing of his departure is unclear. The Russian government is considering Sergey Ivanov – ex-head of insurer SOGAZ and son of the former head of the Kremlin administration – as Zharkov’s replacement, according to Reuters.
India’s Diamond Trade Bounces Back
Diamond trading in India improved in January, according to data from the Gem & Jewellery Export Promotion Council (GJEPC), as the country’s manufacturing sector continues to recover from a liquidity squeeze in the final months of last year. Imports of rough diamonds, an indicator of demand from India’s large cutting-and-polishing sector, jumped 28% to $1.26 billion during the month. Polished exports increased 3% to $1.62 billion.
RETAIL & WHOLESALE
Luxury Veterans Join Tiffany Board
Tiffany & Co. has expanded its board to include three seasoned retail executives. Roger Farah, a former chief operating officer of Ralph Lauren, will become an independent director, alongside Francesco Trapani, who was CEO of Bulgari during its takeover by LVMH Moët Hennessy Louis Vuitton in 2011. Joining the duo on the board will be James Lillie, who was CEO of Jarden Corporation until its sale to Newell Brands in April 2016. Tiffany chairman Michael Kowalski also indicated he planned to step down.
Forevermark Hits 2,000-Store Milestone
Forevermark has entered its 2,000th retail location worldwide, eight years after the De Beers-owned diamond brand was born. Forevermark, which professes to offer only natural, untreated and responsibly sourced diamonds, has expanded to 25 markets since its launch in 2008, De Beers said. In 2016, the number of retail doors rose 14%.
Gitanjali Slides on Weak Diamond Sales
Gitanjali Gems’ share price slumped after the Indian jeweler reported a drop in sales and profit for its fiscal third quarter, which ended December 31, 2016. The company, one of India’s largest jewelry retailers, said revenue had fallen 1.4% year on year to $499.9 million (INR 33.53 billion) during the period. Net profit slid 17% to $8.7 million.
Store Growth Drives Michael Hill Sales
Michael Hill’s sales increased 5% to $250.9 million (AUD 327.5 million) during the fiscal first half ending December 31, as it expanded its store network. Same-store sales crept up 0.8%, while net profit after tax grew 3.4% to $19.7 million, the Australia-based jeweler reported. The company operated 305 stores under the Michael Hill brand at the end of December – 12 more than a year earlier. The retailer also added a net 13 stores under its Emma & Roe brand.
MINING
Dominion Sales Fall After Ekati Fire
Sales at Dominion Diamond Corporation slumped 21% to $570.9 million in the fiscal year that ended January 31, due to a fire at its Ekati mine and sluggish demand for smaller rough stones. Revenue slid 29% in the third quarter and 27% in the fourth quarter. Ekati closed for three months after the fire in June, while a liquidity crisis in India also dented demand for smaller stones, the company explained.
Lucara Profit Drops Amid Currency Shift
Lucara Diamond Corp.’s profit declined 9% to $70.7 million in 2016 as higher taxes and foreign exchange rates worked to the company’s disadvantage. The company reported a foreign-exchange loss of $11 million compared with a gain of $15 million a year earlier. Revenue from rough-diamond sales jumped 32% to $295.5 million, or $824 per carat.
Petra Cautious After Labor Unrest
Petra Diamonds warned its production may be toward the lower end of prior projections after labor action caused delays at its Cullinan mine in South Africa. Output for the fiscal year ending June 30 is still on track to be within the guidance of about 4.4 to 4.6 million carats, the miner said. Sales jumped 48% to $228.5 million during the half-year ending December 31.
Stellar Agrees to Operate Sierra Leone Mine
Stellar Diamonds has entered a subcontracting arrangement to operate the Tonguma mine in Sierra Leone, after opting out of a deal to acquire the deposit. Under the arrangement, Stellar will run the mine and sell the resulting diamonds, paying a percentage of revenues to the project’s owner, Octea Mining. Stellar, which already owns the adjacent Tongo mine, had initially been in talks to acquire Tonguma from Octea.
GENERAL
Swiss Watch Exports Continue to Decline
Swiss watch exports fell 6% to $1.42 billion (CHF 1.43 billion) in January, according to the Federation of the Swiss Watch Industry. The downward trend has flattened out since November but remains negative, the federation said. Exports to Hong Kong, Switzerland’s largest trade partner for timepieces, slipped 3.9% to $197.3 million – a comparatively mild drop after a 25% overall slide for 2016.
GIA Executive to Head Diamond Empowerment Fund
The Diamond Empowerment Fund (DEF) announced that Anna Martin would be serving as its new president, succeeding Phyllis Bergman, who is departing after a five-year term. Martin (pictured) is senior vice president for global development and beneficiation at the Gemological Institute of America (GIA).
ECONWATCH
Diamond Industry Stock Report
Large diamond miners’ stocks had a disappointing week, with Dominion Diamond (-12%) leading the declines after reporting a drop in full-year sales. ALROSA (-4.5%) fell amid uncertainty over who will replace its departing president. Petra Diamonds (-3.7%) also lost ground after issuing cautious production guidance following a mining disruption. In the U.S., Birks Group (-9%) headed the declines in a generally poor week for retail stocks.
View the detailed industry stock report
Feb 23, 2017 (13:36 GMT) Feb 16, 2017 (13:26 GMT) Chng.
$1 = Euro 0.95 0.94 0.01
$1 = Rupee 66.72 67.01 -0.30
$1 = Israel Shekel 3.70 3.72 -0.02
$1 = Rand 12.86 12.98 -0.12
$1 = Canadian Dollar 1.31 1.30 0.01
Precious Metals Chng.
Gold $1,244.78 $1,238.43 $6.35 0.5%
Platinum $1,011.50 $1,015.20 -$3.70 -0.4%
Silver $18.11 $18.05 $0.06 0.3%
Stock Indexes Chng.
BSE 28,892.97 28,301.27 591.70 2.1%
Dow Jones 20,775.60 20,611.86 163.74 0.8%
FTSE 7,302.77 7,276.94 25.83 0.4%
Hang Seng 24,114.86 24,107.70 7.16 0.0%
S&P 500 2,362.82 2,349.25 13.57 0.6%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rapaport Weekly Market Comment March 2, 2017
Positive mood at Hong Kong show with steady dealer trading and improving Chinese demand. Suppliers holding prices firm at the show after Feb. 1 ct. RAPI -0.3%. U.S. market optimistic with rising economic sentiment as Dow hits 21,000. Signet shares slump over -10% as jeweler defends against sexual harassment allegations. Rough market premiums softening after $545M De Beers sight. U.S. 2016 polished imports flat at $23B, exports +3% to $18.9B. Hong Kong 2016 polished imports -1% to $17.4B, exports flat at $13.4B. De Beers unveils new melee screening machine as concerns rise about undisclosed synthetics. Tiffany Stevens appointed CEO of Jewelers Vigilance Committee.
RapNet Data: March 2
Diamonds 1,276,737
Value $7,766,680,402
Carats 1,373,166
Average Discount -30.25%
www.rapnet.com
The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network.
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March 1-8 Wed-Wed
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QUOTE OF THE WEEK
Confidence is everything in the diamond sector.
Jonathan Kendall, president of De Beers grading subsidiary IIDGR, at the launch of the company’s newest melee screening machine.
MARKETS
United States: Polished trading steady with dealers watching trends at the Hong Kong show. Buyers looking for goods but are prepared to wait for the right deal…
Belgium: Antwerp quiet with many dealers in Hong Kong for the show. Good demand for 0.30 to 2 ct., D-H, VS-SI, RapSpec A2 diamonds…
Israel: Large delegation of suppliers at Hong Kong show. Good demand for 0.30 to 2 ct., G-J, VS-SI, RapSpec A2+ diamonds…
India: Mumbai relatively quiet with many dealers in Hong Kong. There are very few foreign buyers in India this week. Sentiment improving with steady orders for GIA dossiers…
Hong Kong: Market busy with improving sentiment during Hong Kong show. Independent Chinese retailers more optimistic than major Hong Kong-based jewelers…
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RAPAPORT STATEMENTS
Diamond Trade Hopeful for Polished Price Rebound
Diamond trading this February was slower than in previous years, with buyers pushing for deeper discounts and suppliers expecting firmer prices at the Hong Kong show. Sentiment improved, as dealers anticipate U.S. and Chinese jewelers will start replacing inventory sold during the holiday seasons. The RapNet Diamond Index (RAPI™) for 1-carat polished diamonds declined 0.3% in February and was down 1.2% from the beginning of the year.
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Rapaport Investment Diamond Certificate Sets New Industry Standard for Diamond Quality
The Rapaport Group launched the Rapaport Investment Diamond Certificate at the Hong Kong International Diamond, Gem and Pearl Show this week. The certificate is only available for diamonds that meet stringent Rapaport gemological and investment-grade standards. All diamonds are graded by the Gemological Institute of America (GIA) as well as Rapaport Laboratories. The diamonds must be 0.50 ct. and larger, D-H color, IF-VS2 clarity, and meet Rapaport specifications.
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INDUSTRY
Hong Kong Show Sparks Optimism
Sentiment improved with steady diamond trading at the Hong Kong Diamond, Gem & Pearl show. Dealer trading dominated activity in the first few days. Jewelers are looking for goods but remain cautious about building inventory levels after the Chinese New Year signaled a shift toward lower-price-point items. Dealers are optimistic about polished demand in the coming months, as the show indicated some pent-up Far East and dealer demand.
De Beers Unveils New Synthetics Detector
De Beers showcased an updated version of its automated melee screening machine, the AMS2, in Hong Kong, claiming it could check a wider range of diamonds for undisclosed synthetics, and at a faster rate. The AMS2 allows screening of stones as small as 0.003 carats, whereas the first-generation machine started with 0.01-carat diamonds. The updated machine is also 10 times faster than its predecessor, can check up to 3,600 stones per hour, and refers fewer goods for further testing.
U.S. Polished Diamond Imports Stable
Polished diamond imports to the U.S. were almost flat last year, recent government data showed. Inbound shipments slipped 0.3% to $23.03 billion in 2016. By volume, imports declined 2.6% to 10.8 million carats, while the average price increased 2.4% to $2,126 per carat. Polished imports from India jumped 17% to $8.62 billion, while shipments from Israel dropped 15% to $7.08 billion. U.S. polished exports climbed 2.9% to $18.85 billion.
World Diamond Council Names New Head
The World Diamond Council (WDC) appointed Marie-Chantal Kaninda as executive director, effective March 1. Kaninda (pictured) is replacing Patricia Syvrud, who stepped down February 28. Syvrud had been in the role since October 2014, when she joined as the council’s first executive director. Kaninda has more than 20 years’ industry experience at companies including De Beers, Rio Tinto and Anglo Gold Ashanti. A resident of the Democratic Republic of Congo, she has chaired the nation’s private-sector anti-corruption initiative since 2012.
RETAIL & WHOLESALE
Signet Refutes Sexual Harassment Claims
Signet Jewelers’ share price fell more than 10% this week following a media report outlining alleged claims of sexual harassment and discrimination at its Sterling Jewelers division. The Washington Post reported that declarations from roughly 250 women and men were filed as part of a private class-action arbitration case, alleging sexual harassment during the late 1990s and 2000s at Sterling. The company disputed the allegations, saying the reports were distorted and inaccurate.
J.C. Penney Scales Back Physical Stores
J.C. Penney plans to close 130 to 140 stores this year, joining the list of major U.S. retailers downsizing their brick-and-mortar networks in the face of growing competition from ecommerce. The department-store chain will shut 13% to 14% of its outlets and two distribution facilities. It will unveil the locations of the closures in mid-March and expects the stores to shut in the second quarter. The announcement comes after Macy’s recent decision to close about 14% of its physical outlets over the coming years.
Berkshire Hathaway’s Retail Sales Jump
Revenue from Berkshire Hathaway’s retail division, including three jewelry businesses, grew 14% to $15.09 billion last year, the company reported. Pre-tax earnings for the unit increased 17% to $659 million in 2016, the Warren Buffett-owned conglomerate said. The rise in sales reflected the acquisitions of car-dealership group Berkshire Hathaway Automotive and motorcycle-accessory retailer Detlev Louis Motorrad in 2015. The retail division also includes jewelers Borsheims, Helzberg and Ben Bridge.
MINING
De Beers Sale Points to Steady Rough Demand
De Beers reported rough diamond sales of $545 million in February as demand remained steady from the beginning of the year. Sightholders noted an improvement in market conditions for the first two months of the year, after Indian demand slumped in November due to the government’s demonetization policy. Manufacturing has returned to normal, and the effect of demonetization has stabilized, explained a Mumbai-based dealer. Demand for lower-quality, smaller rough, which was particularly affected by the Indian crisis, rebounded, sightholders observed
ALROSA Close to Naming Ivanov President
ALROSA’s shareholders will nominate Sberbank senior vice president Sergey Ivanov as president of the mining company, according to Russian press agency TASS. The report cited Russia’s Deputy Prime Minister Yury Trutnev as naming Ivanov (pictured) when asked who would be nominated to take over from the departing Andrey Zharkov. The decision over his successor will be made at the next supervisory-board meeting, TASS cited Trutnev as saying.
ALROSA Israel Sale Garners $22M
ALROSA sold $21.8 million of rough and polished diamonds at its tender in Israel in February. The company sold 105 items at the event, which took place during Israel’s International Diamond Week at the Ramat Gan bourse. Lots sold included the round, 80.59-carat, J-color, VS2-clarity “Star of Viluysk” polished diamond, which was on display at the show. A company spokesperson declined to say how much the diamond fetched.
Stornoway Upbeat on Revenue After 2016 Profit
Stornoway Diamond Corporation recorded a profit in 2016 due to a tax refund, and received a performance boost from the launch of the Renard mine in October. Net income for the year was $15 million (CAD 19.6 million), versus a loss of $2.8 million in the comparable period of 2015. A deferred tax payment of $35.4 million lifted the company’s bottom line, as the company has yet to record revenue from the mine.
Trans Hex Rough Sales Fetch $895/ct.
Diamond miner Trans Hex reported sales of $14.7 million (ZAR 201.1 million) at three recent tenders of rough stones from its wholly owned operations in South Africa. The sales in October, December and February fetched an average price of $895 per carat for 16,447 carats, the Cape Town-based company said. Six diamonds sold for more than $10,000 per carat each, including a 4-carat stone from the Baken mine in South Africa, which garnered $27,245 per carat.
GENERAL
Lucara Diamonds Shine at Oscars
Charlize Theron stole the attention of jewelry observers at the Academy Awards with a mammoth pair of earrings featuring diamonds from the Karowe mine in Botswana. The Chopard diamond drop earrings contained a total weight of 59.9 carats and were cut from a 341.9-carat rough diamond, the Queen of Kalahari, which Lucara Diamond Corporation extracted from Karowe in April 2015. The miner sold the rough diamond three months later for $20.6 million, or $60,114 per carat, at an exceptional-stone tender.
MID Tops Ranking of Israel Diamond Exporters
MID House of Diamonds was the leading Israeli polished-diamond exporter in 2016 for the second year running, according to the nation’s diamond controller. The company’s exports declined 3.7% to $184 million. Each of the top five exporters experienced a drop in shipments in 2016, while overall polished exports fell 6% to $4.68 billion, government data showed. The list of the top 20 exporters excludes about 15 companies that chose to keep their data confidential.
Sarine, GGTL Partner to Advance Diamond Grading
Sarine Technologies and GGTL Laboratories have agreed to work together to research new approaches to diamond grading and authentication. The two companies will collaborate to address current and future industry needs, including the detection of synthetic diamonds. GGTL was formed in 2010 through the merger of the Geneva-based GemTechLab and Liechtenstein’s GEMLAB.
JVC Names Tiffany Stevens as CEO
The Jewelers Vigilance Committee (JVC) has appointed Tiffany Stevens as president and chief executive officer, replacing Cecilia Gardner, who has served in the role for 18 years. Stevens (pictured) will take up the position on March 6. A qualified lawyer, Stevens has previously held leadership roles at non-profit organizations and foundations focused on the environment, education and the arts.
ECONWATCH
Diamond Industry Stock Report
U.S. retail stocks gained as President Donald Trump’s Congress speech pushed the Dow Jones Industrial Average to a record 21,000 points. Two notable exceptions were Signet (-12%), whose stock fell following negative media coverage, and J.C. Penney (-11.5%), which announced plans to close stores. Mining stocks generally declined, with Dominion Diamond (-7.5%) dropping for a second consecutive week following recent disappointing sales results.
View the detailed industry stock report
Mar 2, 2017 (12:52 GMT) Feb 23, 2017 (13:36 GMT) Chng.
$1 = Euro 0.95 0.95 0.01
$1 = Rupee 66.76 66.72 0.04
$1 = Israel Shekel 3.69 3.70 -0.01
$1 = Rand 13.10 12.86 0.24
$1 = Canadian Dollar 1.34 1.31 0.03
Precious Metals Chng.
Gold $1,241.10 $1,244.78 -$3.68 -0.3%
Platinum $1,008.70 $1,011.50 -$2.80 -0.3%
Silver $18.34 $18.11 $0.23 1.3%
Stock Indexes Chng.
BSE 28,839.79 28,892.97 -53.18 -0.2%
Dow Jones 21,115.55 20,775.60 339.95 1.6%
FTSE 7,377.57 7,302.77 74.80 1.0%
Hang Seng 23,728.07 24,114.86 -386.79 -1.6%
S&P 500 2,395.96 2,362.82 33.14 1.4%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Rapaport Weekly Market Comment March 9, 2017
Dealers optimistic about short-term demand following improved trading at the Hong Kong show. Buyers did better than sellers as suppliers were willing to compromise on price in order to generate liquidity and reduce inventory before new better-quality polished production becomes available. Chinese demand changing and competing with U.S. market for lower-price-point SI-I1 goods, leaving IF-VVS weak. Signet Jewelers 2016 sales -2% to $6.4B, profit +16% to $543M. Belgium Feb. polished exports -15% to $1.4B, rough imports -32% to $908M. GIA discovers large parcel of undisclosed CVD synthetics mixed with natural melee at Mumbai lab. Russia confirms Sergey Ivanov as new ALROSA CEO.
RapNet Data: March 9
Diamonds 1,228,325
Value $7,504,133,823
Carats 1,318,582
Average Discount -30.34%
www.rapnet.com
The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network.
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March 21-29 Tue-Wed
Rapaport Melee Auction
New York & Dubai
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Rapaport Single Stone Auction
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Rapaport Single Stone Auction
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QUOTE OF THE WEEK
When people say, ‘Im not going to buy diamonds because it has a bad rap,’ think of the two-plus million people in Botswana who are going to be affected by their decision.
William Lamb, CEO of Lucara Diamond Corporation, in an interview with Bloomberg.
MARKETS
United States: Polished trading stable with positive momentum from the Hong Kong show. Steady demand for 1 ct., G-J, VS-SI diamonds…
Belgium: Positive sentiment as trading improved at the Hong Kong show. Dealers optimistic about short-term rise in polished trading after slow start to the year…
Israel: Dealers more optimistic after Hong Kong show. Good Indian demand for I-K colors…
India: Polished market stable as dealers returned from positive Hong Kong show. Dealers optimistic about the U.S. and hopeful the Chinese market is starting to improve…
Hong Kong: Positive mood as dealers focus on follow-up after the show. Good dealer demand for loose diamonds which were more liquid than finished jewelry at the show…
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INSIGHTS
5 Lessons from the Hong Kong Show
The Hong Kong show was better than expected for the diamond trade, as Chinese jewelers were looking for goods after being absent from the market for some time. But while exhibitors were simply happy to be doing business again, conditions ultimately favored buyers...
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INDUSTRY
GIA Finds Significant Undisclosed Synthetics
The Gemological Institute of America (GIA) recently uncovered an unusually large number of undisclosed synthetic diamonds mixed in with natural melee diamonds, the lab confirmed. A parcel of 323 melee diamonds with an average size of 0.014 to 0.015 carats was found to contain 101 chemical vapor deposition (CVD) synthetic stones at the GIA’s Mumbai lab. The goods had been submitted to the GIA’s Melee Analysis Service, which made the discovery.
Court Upholds Leviev Win Against Julius Klein
A New York federal judge upheld an arbitration ruling in favor of diamond magnate Lev Leviev (pictured) in a long-running dispute with the Julius Klein Group. The judge ordered Julius Klein and four of its principals to pay $142 million to LGC USA Holdings, an affiliate of the Leviev Group of Companies, according to Leviev’s firm. This is in addition to more than $66 million that has already been paid – amounting to a total award of $209 million.
India Braces for Ban on Large Cash Deals
India’s ban on high-value cash transactions could damage rural gold demand or spur growth in the black market, the World Gold Council (WGC) warned. From April 1, the government will cap cash purchases at $4,493 (INR 300,000) as it continues its attempts to transform the nation’s economy into one based more on electronic transactions. Consumers in rural India do not necessarily have access to checks and electronic payments, the WGC pointed out.
Belgium’s Polished Exports Decline
Belgium’s diamond-trade statistics for February made for somber reading, as data from the Antwerp World Diamond Centre (AWDC) showed a slowdown in both polished and rough shipments. Polished exports slid 15% year on year to $1.35 billion. The average price of exports fell 2% to $2,551 per carat. Rough imports fell 32% to $908.2 million, while rough exports declined 15% to $1.09 billion.
RETAIL & WHOLESALE
Signet Jewelers Cautious for 2017 as Sales Decline
Signet Jewelers sales fell 5% to $2.27 billion during the fourth quarter, as the retailer continues to adapt to a challenging retail environment and weak mall traffic. The company expects same-store sales to decline by low-to-mid-single digits in the coming year as it adjusts to competitive pricing in the jewelry sector and changing consumer behavior. Same-store sales declined 4.5% in the fourth quarter, which ended January 28. Net income grew 9% to $297.5 million due to reduced expenses and lower taxes.
Michael Hill Okays Phil Taylor as CEO
Australia-based jeweler Michael Hill has appointed Phil Taylor as its chief executive officer, the company announced on Monday. Taylor (pictured) had been interim CEO since August of last year, following the exit of longstanding company head Mike Parsell. Michael Hill’s board has been impressed by the new perspectives and decisive action evident since Taylor was appointed acting CEO, company chair Emma Hill said.
Charles & Colvard, Helzberg Expand Retail Deal
Charles & Colvard will double the number of Helzberg Diamonds stores where its moissanite jewelry is available, under an extension of its arrangement with the Warren Buffett-owned retailer. The moissanite provider began supplying products to Helzberg’s ecommerce site in 2013 and later expanded the partnership to some of the jeweler’s retail stores.
MINING
Ivanov Confirmed as ALROSA Chief
Russia’s government has appointed Sergey Ivanov as president of ALROSA for a three-year term, according to an official statement. Ivanov is the son of a former Kremlin-administration head and currently serves as senior vice president of Sberbank, having previously headed insurer SOGAZ. He will replace Andrey Zharkov, who has been ALROSA’s president since 2015 and is set to leave just over a year before his contract’s May 2018 end date.
Resource Estimate Drops for Argyle Mine
Rio Tinto has lowered its estimate of the mineral resources available at its Argyle diamond mine in Australia, as the company reconsiders its plans to extend the project. Estimated mineral resources fell 66% to 15 million tonnes in 2016, compared with the previous year, the miner said. Mineral resources are the quantity of material in a mine that has reasonable prospects for being extracted economically.
All Parcels Sell at Gahcho Kué Tender
Mountain Province sold 277,646 carats of rough diamonds at its second tender of production from the recently launched Gahcho Kué mine in Canada. The company sold all the parcels of diamonds on offer, including those it had held over from its January sale due to India’s liquidity crisis. While that previous sale of 49,420 carats fetched $6.3 million at an average price of $127 per carat, the miner did not disclose the dollar value of its second tender.
Lucapa’s Lulo Rough Sale Fetches $7M
Lucapa Diamond Company sold $6.9 million (AUD 9.1 million) worth of rough diamonds at a recent tender of goods from its Lulo mine in Angola. The parcel of 1,552 carats went for an average of $4,446 per carat. The sale featured a 227-carat, D-color, type-IIa diamond recovered last month at Lulo, but the company said it would not disclose the selling price for commercial reasons. The sale brings total proceeds from Lulo rough diamonds to $10.7 million since the start of 2017.
GENERAL
Dehres Targets North American Market
High-end diamond and jewelry supplier Dehres has opened an office in Canada as it eyes expansion in the North American market. Sandy Ray, Dehres’s managing director for Canada, launched the base in Vancouver last week, in collaboration with local diamantaire Melvin Moss. Complementing the firm’s existing offices in Hong Kong and Shanghai, the new outpost will mainly target upmarket Canadian and U.S.-based retailers and wholesalers, the company said.
Diamond Club West Coast Picks President
Moshe Salem has been elected president of Diamond Club West Coast (DCWC), according to the World Federation of Diamond Bourses (WFDB). Mervyn Hahn and Kalpesh Jhaveri were voted in as vice presidents, and Rahul Parikh took on the role of treasurer. The position of secretary went to Aaron Spicker, while Doron Auslander, Tony Ayvazian, Eli Fish, Vatche Shirikjian and Vipul Udani were selected as directors. DCWC is an affiliate of the WFDB.
ALROSA to Unveil Synthetics Detector
ALROSA will launch its synthetic-diamond detector in May at the Mediterranean Gemmological and Jewellery Conference in Syracuse, Italy. The portable machine screens loose polished diamonds and jewelry, identifying synthetics as well as treated stones or simulants. Three gemologists will test the machine with 50 samples of natural, treated and synthetic diamonds on May 11 and 12.
ECONWATCH
Diamond Industry Stock Report
Mining stocks fell this week, led by Anglo American (-13%), as metal prices dropped. U.S. retail stocks were mainly down, largely tracking the Dow Jones. Luk Fuk (+4.8%) headed otherwise mixed Far East stocks, while European luxury shares mostly increased, led by Swatch Group (+1.6%).
View the detailed industry stock report
Mar 9, 2017 (12:44 GMT) Mar 2, 2017 (12:52 GMT) Chng.
$1 = Euro 0.95 0.95 0.00
$1 = Rupee 66.72 66.76 -0.04
$1 = Israel Shekel 3.69 3.69 0.00
$1 = Rand 13.24 13.10 0.14
$1 = Canadian Dollar 1.35 1.34 0.01
Precious Metals Chng.
Gold $1,207.45 $1,241.10 -$33.65 -2.7%
Platinum $950.05 $1,008.70 -$58.65 -5.8%
Silver $17.20 $18.34 -$1.14 -6.2%
Stock Indexes Chng.
BSE 28,929.13 28,839.79 89.34 0.3%
Dow Jones 20,855.73 21,115.55 -259.82 -1.2%
FTSE 7,277.29 7,377.57 -100.28 -1.4%
Hang Seng 23,501.56 23,728.07 -226.51 -1.0%
S&P 500 2,362.98 2,395.96 -32.98 -1.4%
Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Kresťanský pastor Emmanuel Momoh objavil v oblasti Kono v Sierra Leone 709 karátový diamant - 13. najväčší diamant sveta. V rovnakej oblasti bol v roku 1972 objavený ešte väčší diamant - 969 karátová hviezda Sierra Leone...
ierra Leone pastor finds huge diamond in Kono](http://http://www.bbc.com/news/world-africa-39289749)
Processed coin catalogs 4.418 Auctions / 36.665 Lots
Všetko o bankovkách www.mojazbierka.sk :)
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Rapaport Weekly Market Comment March 16, 2017
Positive sentiment spreads to trading centers after Hong Kong show demonstrates good dealer demand for dossiers. Selective buyers creating opportunities for suppliers with the best goods. Large volume of new polished expected to fill shortages of better-quality RapSpec A2+ diamonds. Big-stone market improving ahead of Basel show. Rough market stable. ALROSA 2016 revenue +41% to $5.5B, profit quadruples to $2.3B. Grib Diamonds 2016 sales +82% to $336M. Gem Diamonds 2016 revenue -24% to $190M, loss of $144M vs. profit of $77M the previous year. U.S. Jan. polished imports flat at $1.8B, polished exports -1% at $1.3B.
RapNet Data: March 16
Diamonds 1,236,139
Value $7,603,902,582
Carats 1,345,085
Average Discount -30.30%
www.rapnet.com
The RapNet Diamond Index (RAPI™) is the average asking price in hundred $/ct. of the 10 percent best priced diamonds, for each of the top 25 quality round diamonds (D-H, IF-VS2, GIA-graded, RapSpec-A3 and better) offered for sale on RapNet - Rapaport Diamond Trading Network.
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QUOTE OF THE WEEK
At present, the industry is certainly facing some challenges, but we believe those challenges, as in the past, are short-term in nature.
Mark Light, chief executive officer of Signet Jewelers.
MARKETS
United States: Positive sentiment with steady demand and buyers looking for deals, particularly on GIA-dossiers…
Belgium: Steady activity raises the mood in Antwerp. Buyers filling specific orders and careful not to build up excessive inventory…
Israel: Trading continues to improve. Selective buyers looking for larger volumes in a narrower range of categories…
India: Dealers more optimistic than before the Hong Kong show. U.S. demand steady and Chinese demand continues to improve. SIs moving well…
Hong Kong: Positive mood continues as dealers follow up on leads from the Hong Kong show. Suppliers selling larger volumes of lower-priced goods…
Click here for deeper analysis
MARTIN RAPAPORT
Martin Rapaport to Give Special Presentation at IDC
Martin Rapaport will give a special presentation at the International Diamond Conference in Mumbai on March 20th, 2017. His speech will discuss significant changes in U.S. tax policy that may have a severe impact on the diamond and jewelry industry. Following the conference, Martin will be making an official statement on the matter.
FIVE-MINUTE INTERVIEW
Bringing Diamonds to a New Generation
Jean-Marc Lieberherr, CEO of the Diamond Producers Association (DPA), outlines some of the challenges and goals facing the organization as it works to change the industry’s narrative to raise consumers’ desire for diamonds.
Click here to continue reading
INDUSTRY
U.S. Polished Imports Steady in January
U.S. polished-diamond imports were flat at $1.77 billion in January, according to government data, maintaining the country’s role of supporting industry demand through its stability. A slide in volume was balanced by an 8% rise in the imports’ average price to $2,099 per carat. Polished exports, meanwhile, slipped 1% year on year to $1.25 billion, raising net polished imports 1% to $517 million. Rough imports nearly quadrupled, reaching $120 million, while rough exports more than tripled to $56 million.
Trade Leaders to Gather at Mumbai Conference
India’s Gem & Jewellery Export Promotion Council (GJEPC) will host industry figures from across the world next week at a conference to mark the organization’s 50th anniversary. Entitled “Mines to Market 2017,” the two-day conference on March 19 to 20 will feature talks by ministers from mining countries, representatives of diamond producers, and heads of retail and luxury brands, the GJEPC announced.
Sarine Brings Surat Business Under One Roof
Sarine Technologies has united all its Surat-based operations in one building in the Indian diamond-manufacturing city. The new six-story facility, Sarin House, spans 5,100 square meters and hosts about 400 staff members, the Israel-based supplier of diamond-processing technology said. The building will house customer care and support, along with services such as Quazer laser processing, the Galaxy inclusion-mapping system, and the Sarine Profile sales tool.
RETAIL & WHOLESALE
Chow Tai Fook Taps into Tokyo Tourism
Chow Tai Fook will open its first branded store in Japan, as the weakening yen has increased Tokyo’s appeal to Chinese tourists. The Hong Kong-based jeweler will launch an outlet inside Laox WATCH, a specialty timepiece shop in Central Tokyo’s Shinjuku neighborhood. Chow Tai Fook said it was seeking to tap into growing leisure spending by Chinese tourists in Japan. The number of Chinese visitors to the country jumped 28% to 6.4 million in 2016, according to the Japan National Tourism Organization.
Christie’s to Auction Famed Jonker Diamond
Harry Winston’s famous Jonker No. 5 diamond will be among the top lots offered at Christie’s Magnificent Jewels auction in Hong Kong this May. The rectangular-cut, 25.27-carat, D-color, VVS2-clarity diamond is expected to sell for $2.2 million to $3.6 million, or up to $142,461 per carat, the company said. The stone is one of 13 polished diamonds cut from the famous 726-carat Jonker rough, which digger Jacob Jonker discovered at South Africa’s Elandsfontein mine in 1934.
Complex Patek Philippe Watch Up for Auction
Sotheby’s will auction what it claims is Patek Philippe’s most complicated watch. The Calibre 89 pocket watch, which took Patek Philippe almost 10 years to build, is estimated at $6.4 million to $9.9 million, the auction house said. Unveiled in 1989 to mark the iconic Swiss watchmaker’s 150th anniversary, the yellow-gold timepiece has 33 complications, or features other than the time display. It will lead Sotheby’s Important Watches auction in Geneva on May 14.
MINING
ALROSA Profit Spikes amid Diamond Market Recovery
ALROSA’s profit quadrupled to $2.3 billion (RUB 133.47 billion) in 2016 from $554.2 million the previous year, as rough diamond demand improved and the Russian ruble recovered against the dollar. Revenue grew 41% to $5.46 billion. Foreign exchange gains of $553 million boosted the bottom line, following a 2015 loss from the weak ruble. ALROSA’s board this week approved the appointment of Sergey Ivanov for a three-year term as president and CEO.
Grib Diamond Sales Surge Ahead of Takeover
Lukoil’s diamond revenue nearly doubled to $335.8 million (RUB 20 billion) last year, ahead of the oil producer’s sale of the Grib mine. Sales of rough stones stood at $184.7 million in 2015, having risen from $16.8 million in 2014, the miner said. The company announced the $1.45 billion sale of the mine to Russian investment group Otkritie Holding last year, with the deal currently subject to government approvals.
Gem Diamonds Scraps Bonuses after Weak 2016
Gem Diamonds’ senior managers missed out on their performance-based pay as the miner slid to a loss of $144 million in 2016. The decision not to award Clifford Elphick, Michael Michael and Glenn Turner – respectively the company’s chief executive officer, chief financial officer and legal chief – their bonuses for the year came after revenue fell 24% to $189.8 million in 2016. The company noted a decline in the number of large diamonds extracted from its Letšeng mine in Lesotho.
Merlin Magics Up Green Diamonds in Australia
Merlin Diamonds has recovered five green diamonds at its Australian mining operations, following the discovery of a rare blue diamond in December. The largest of the green diamonds weighs 1.4 carats, and another is 0.21 carats. Independent experts are inspecting other green diamonds from the Merlin mine besides these five, the company said. The diamonds surfaced at the mine’s Kaye pit, part of the operations that the company acquired from Rio Tinto in 2004.
GENERAL
Barbara Wheat to Lead Asian Gem Institute
The Asian Institute of Gemological Sciences (AIGS) has appointed Barbara Wheat as president. Wheat will be based at the AIGS headquarters in Bangkok, Thailand, starting in late March. She will leave her current role as executive vice president of the Natural Color Diamond Association (NCDIA), but plans to open a Thailand chapter of the organization.
JA Unveils CASE Award Winners
Jewelers of America (JA) announced the winners of its 27th annual CASE Awards for jewelry design. Among them were Christian Caine Design of West Virginia, which came first in the new People’s Choice category; The Gem Vault in New Jersey, for two separate white-gold-and-gem pieces; Louisiana’s Aucoin Hart Jewelers, for a pair of diamond, sapphire and pearl earrings; and Virginia’s White & Ivory, for a ring featuring a Black Australian doublet opal, a sapphire and diamonds.
ECONWATCH
Diamond Industry Stock Report
Diamond and jewelry stocks were mixed this week, with the larger conglomerates leading the gains. Shares in Anglo American jumped (+12%) on news that Indian billionaire Anil Agarwal may buy up to 13% in the De Beers parent. Signet Jewelers rose (+6.1%) despite disappointing earnings as management calmed concerns about sexual harassment charges. U.S. department stores were among the bigger losers for the week with Macy’s declining (-4.6%) on reports of activist investor Starboard selling its stake in the retail chain.
View the detailed industry stock report
Mar 16, 2017 (12:45 GMT) Mar 9, 2017 (12:44 GMT) Chng.
$1 = Euro 0.93 0.95 -0.02
$1 = Rupee 65.39 66.72 -1.33
$1 = Israel Shekel 3.63 3.69 -0.06
$1 = Rand 12.73 13.24 -0.51
$1 = Canadian Dollar 1.33 1.35 -0.02
Precious Metals Chng.
Gold $1,231.59 $1,207.45 $24.14 2.0%
Platinum $965.40 $950.05 $15.35 1.6%
Silver $17.45 $17.20 $0.25 1.5%
Stock Indexes Chng.
BSE 29,585.85 28,929.13 656.72 2.3%
Dow Jones 20,950.10 20,855.73 94.37 0.5%
FTSE 7,405.93 7,277.29 128.64 1.8%
Hang Seng 24,288.28 23,501.56 786.72 3.3%
S&P 500 2,385.26 2,362.98 22.28 0.9%
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