Rapaport Weekly Market Comment
Dec 21, 2017
Positive sentiment as US and Belgium markets close for Christmas. Dealers now focused on Chinese New Year demand. Trade optimistic for 2018, with expectations for global economic growth as US passes most drastic tax overhaul in 30 years. Cutters concerned about tight profit margins ahead of anticipated 1Q rise in rough prices. Graff buys 476 ct. Sierra Leone Meya Prosperity rough diamond for $16.5M. India Nov. polished exports +50% to $1.8B, rough imports +64% to $1.9B. US Oct. polished imports -14% to $1.8B, polished exports -5% to $1.2B. Very strong year for pink diamonds as combined Christie’s and Sotheby’s jewelry sales exceed $1.1B. Rapaport wishes everyone happy holidays.
Fancies: Fancy shapes mixed. Curves better than squares. Ovals strongest category, followed by Pears and Cushions. Emerald and Radiant okay, but Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US demand supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: Positive retail sentiment and steady store traffic. Good demand for jewelry in the mid- to upper price range. New York polished suppliers satisfied with season. Dealers still sending goods out on memo with hope they won’t return. New tax laws will increase disposable income, which is expected to help jewelry sales.
Belgium: Trading quiet with businesses closing for Christmas-New Year break. Some last-minute calls for 1 ct.-plus, I-K, VVS-VS diamonds, which are in short-supply. 1 ct., 3X strong. US and European demand stable. China steady. Rough trading expected to remain quiet through the holiday season.
Israel: Polished trading stable, despite slight slowdown during Hanukkah. Dealers satisfied with US and Chinese holiday sales. Christmas orders complete and polished inventory levels reduced, with little new production available. Focus shifting to China. Steady demand for 1 ct., G-I, VS and for 1 ct., J-L, VVS-VS2 diamonds.
India: Improving sentiment, with better Christmas orders than last year. Steady Chinese New Year orders projected to continue through mid-January. Manufacturers maintaining factory operations with lots of smaller, cheaper rough coming into the market. Rough trading quiet, with cutters concerned about profit at current price levels.
Hong Kong: Positive sentiment, with dealers and jewelers encouraged by Christmas orders. Steady demand for 1 ct., F-H, VVS2-SI2 (3X, no-fluorescence) diamonds. Colored diamonds in good demand and offering better margins than colorless. Large fancy pinks selling well. China retail better than Hong Kong as Chinese tourists cut down purchases abroad in favor of local spending in mainland.
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Rapaport Weekly Market Comment
Dec 28, 2017
US holiday season positive, with fashion jewelry driving growth. Nov.-Dec. holiday jewelry sales +5.9% after strong last-minute buying, according to Mastercard SpendingPulse. Female self-purchases gaining momentum. Overall retail sales +4.9%, online shopping +18%, as Amazon boasts record holiday season. US and Belgian dealers on vacation, with positive outlook for next year. Miners wary of inflated inventory. Alrosa to cut 2018 rough production -7% to 36.6M cts. US puts diamond trader Dan Gertler on OFAC sanctions list for corrupt DRC deals. The Rapaport Group wishes everyone a happy, healthy, prosperous and peaceful New Year.
Fancies: Fancy shapes mixed, with curves better than squares. Ovals hot, followed by Pears and Cushions as next-best shapes. Emeralds and Radiants okay, but Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US demand supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: New York trade quiet with businesses closed for Christmas-New Year period. Retail sentiment positive following good holiday sales. Studs, pendants, eternity bands strong sellers. Lots of last-minute sales. Dealer market still cautious, waiting for memo returns before assessing holiday season.
Belgium: Trading very quiet with bourses closed until January 8. Dealers upbeat about US and Chinese markets over holiday season, but cautious about Europe. Jewelers concerned about synthetics and competition from e-commerce platforms.
Israel: Dealers satisfied with holiday sales, after steady trading during December. Good demand from US independents this holiday season. Positive online sales via company websites and third-party consumer platforms such as James Allen and eBay. Good Chinese demand for 1 ct., K-L, VVS-VS diamonds. Large stones improved slightly.
India: Positive sentiment even amid slower trading, with fewer foreign buyers in the market over Christmas and New Year. Steady local interest in gold and diamond jewelry during wedding season. Good demand for 1 ct., J-L, VS-SI diamonds. Some improvement in princess-cut demand. Rough market seasonally quiet, with factories maintaining steady lower-capacity production until the New Year.
Hong Kong: Wholesale activity down slightly during Christmas holiday. Dealers focused on filling Chinese New Year demand. Steady market for 1 ct., D-H, VVS2-SI1 RapSpec A2+ diamonds. Retail sales improving, with Hong Kong jewelers expecting better season than last year.
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Rapaport Weekly Market Comment
Jan 4, 2018 11:00 AM By Rapaport News
Diamond market optimistic for 2018 after good holiday season. Polished prices supported by shortages of select goods as manufacturing stays below capacity. 1 ct. RAPI -5.3% in 2017, with +0.3% increase in Dec. as difficult year ends on a positive note. Strong rough demand expected when Alrosa and De Beers resume sales later this month. Positive outlook for Chinese New Year (Feb. 16), with high-end consumer confidence boosted by recent stock-market rally. Hong Kong improving with Nov. jewelry, watch and luxury sales +8% to $783M. Titan Company reports double-digit Diwali jewelry-sales growth. EU takes over as Kimberley Process chair.
Fancies: Fancy shapes mixed, with curves better than squares. Ovals hot, followed by Pears and Cushions as next-best shapes. Emeralds and Radiants okay, but Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US demand supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: 47th Street quiet. Businesses slowly returning from Christmas-New Year holiday, but snowstorm keeping buyers at home. Initial holiday retail reports positive. Dealers optimistic as they wait for holiday memo returns. Trading expected to increase in January as inventory levels declined during holiday season. Consumer confidence high as stock-market rally continues.
Belgium: Diamond trading slow with bourses closed until January 8. Dealers assessing first-quarter inventory needs. European holiday season mixed. UK jewelers report positive Christmas, but France and Italy sluggish. Rough trade quiet.
Israel: Positive sentiment as dealers report good US holiday sales. Focus now shifting to Far East for Chinese New Year. Suppliers maintaining firm prices when filling select orders. Polished inventory reduced in line with last year’s levels.
India: Stable market driven by Chinese New Year orders. US and Europe quiet during holiday break. Some Antwerp dealers in Mumbai looking for goods. Dealers note positive trend from consumers in India, US and China. Rough trading quiet, with prices on secondary market firming. Manufacturing stable, with new polished slowly coming to the market.
Hong Kong: Polished trading slower but sentiment positive. Dealers optimistic for coming Chinese New Year season with renewed retail growth in Hong Kong and China. Steady demand for 0.30 to 0.60 ct., H-L, VS1-SI2 diamonds. Good demand for 1 ct., F-J, VS-SI, RapSpec A2+ diamonds. Buyers working with tighter budgets are shifting to lower color and clarity.
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Kalendár zaujímavých akcií vo svete .
Kto má záujem o novinky ohľadne opracovania odporúčam Vincenzu .
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RapNet launched a new site on Tuesday, promising a safer, simpler and smarter way of trading diamonds online.
The aspects of RapNet that users enjoy will stay, but the redesigned platform will be easier to navigate, getting those users to their desired diamonds with fewer clicks. There are also handy tools such as a price calculator, the ability to compare up to 10 diamonds at once, and on-screen filtering of search results.
The new site is built on technology that will make it easier to add more features should RapNet choose to introduce them — such as improvements to money-transfer methods and supply-chain traceability.
Crucially, it will be harder to defraud users, explained RapNet chief operating officer Saville Stern (pictured). Traders will be able to communicate using an on-site messaging service, rather than having to exchange emails — an increasingly common target for fraudsters trying to fool people with fake correspondence.
“It’s a safer and easier way to find things, and it looks nicer,” said Stern. “It’s the same RapNet you know, but an easier platform to use, more secure, and built for what’s next.”
Users’ RapNet inboxes will also be simpler for them to search, and will be centralized — meaning traders won’t have to juggle several communication methods, such as email, Skype and WhatsApp. Additionally, the platform will organize messages into threads, conveniently grouping parts of the same conversation together.
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Rapaport Weekly Market Comment
Jan 11, 2018 11:00 AM By Rapaport News
Diamond trading steady after positive US retail season. Signet disappoints again as Nov.-Dec. sales -3% to $1.9B due to glitches in outsourced credit program, lower sales of Ever Us line, and less effective promotions. Department stores rebound, with Macy’s and J.C. Penney seeing jewelry growth. Richemont jewelry maisons’ 3Q sales +5% to $2.2B. Rising expectations for Chinese New Year (Feb. 16) after Chow Tai Fook 3Q sales +12% in China, flat in Hong Kong/Macau. Strong rough demand anticipated at Jan. Alrosa and De Beers sales, with manufacturers ready to raise production for 1Q stock replenishment. Shmuel Schnitzer steps down as chairman of Israel Diamond Institute.
Fancies: Fancy shapes mixed, with curves better than squares. Ovals hot, followed by Pears and Cushions as next-best shapes. Emeralds and Radiants okay, but Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: Positive sentiment and steady activity as wholesalers return from end-of-year vacation. Dealers optimistic for 2018 due to strong economy, rising stock market, and tax cuts. Jewelry sales increase, driven by growth at larger independents and department stores. Market leader Signet falters. Fashion jewelry doing well.
Belgium: Dealers return from holiday in optimistic mood. Far East demand steady ahead of Chinese New Year. Dealers waiting for post-holiday US orders. Focus on VVS2-SI2. Piqué goods weak. Quiet rough trading expected to improve over next two weeks during Alrosa sale (Jan. 15) and De Beers sight (Jan. 22).
Israel: Cautious trading as dealers wait for holiday memo returns and final results from the season. Focus on filling Chinese New Year orders. Sentiment good, with improved profit in past month. Stable demand for 0.30 to 1.49 ct., G-J, VS-SI diamonds. 1 ct., D, IF also good. Manufacturers anticipate robust rough market during upcoming Alrosa and De Beers sales.
India: Trading relatively quiet as US and European dealers slowly return from Christmas-New Year break. Foreign buyers from China, South Korea and Israel looking for goods. Steady market for 1 ct., I-L, VS-SI diamonds, with shortages in lower colors. 0.70 ct. soft. Polished production below capacity but expected to rise after upcoming rough sales cycle.
Hong Kong: Stable trading, but market quieter than before Christmas. Positive outlook for Chinese New Year, with renewed jewelry-retail growth in mainland China. Good demand for 1 ct., D-G, VS-SI diamonds. Custom designs rising in popularity among Chinese millennials
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Rapaport Weekly Market Comment
Jan 18, 2018 11:00 AM By Rapaport News
Dealers upbeat and maintaining firm prices, with expectations of higher rough prices and 1Q stock replenishment. Rough market robust, with large De Beers sight expected next week. Jewelers discounting less amid increase in consumer spending this holiday season. US equity markets hit new highs as dollar weakens. Tiffany & Co. renews growth as Nov.-Dec. sales +8% to $1.1B, comparable-store sales +5%. Okavango 2017 sales +4% to $567M, average price +4% to $166/ct. Gem Diamonds finds 910 ct. rough at Letšeng mine. Sarine to open first grading lab. De Beers pilots diamond blockchain to improve industry transparency. Pramod Kumar Agarwal elected India GJEPC chairman.
Fancies: Fancy shapes mixed, with curves better than squares. Ovals hot, followed by Pears and Cushions. Emeralds and Radiants okay, Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: Wholesale and dealer markets stable, with steady demand for 1 ct., G, VS2-I2 diamonds. Retail market seasonally quiet after positive Christmas sales. Cold weather contributing to slow store traffic. Jewelers seeing good high-end, solitaire and fashion jewelry sales. Engagement rings and wedding bands not as strong.
Belgium: Sentiment positive, even with buyer traffic in Antwerp not yet back to normal after the Christmas break. Few foreign buyers in the market. Steady demand for 1 ct., F-I, VS-SI diamonds. Rough trading busy during Alrosa sales week, with higher premiums on the secondary market. Rough prices expected to firm during next week’s De Beers sight.
Israel: Dealers optimistic for the first quarter. Profit margins improving, as prices firmed after the holiday season. Steady market for 0.30 to 0.50 ct., G-J, VS-SI and for 1 ct., G-J, VS-SI diamonds. SIs selling well in all categories. Stable rough demand, particularly for large and expensive stones.
India: Positive trading, with good demand for VS-SI dossiers and 1 ct., G-J, SI1-I1, GIA-graded diamonds. China and Hong Kong buyers active. Some shortages due to drop in manufacturing since Diwali. Many cutters shifting to smaller sizes. Solid rough demand ahead of De Beers sight.
Hong Kong: Polished trading stable and prices firm. Steady demand for 0.50 to 2 ct., D-G, SI RapSpec A2+ (3X, none), GIA-graded diamonds. Rising expectations for Chinese New Year sales, particularly for higher-end goods. Shortage of brides due to China’s one-child policy, forcing grooms to show their worth by splurging on bigger and better diamonds. Custom jewelry gaining popularity.
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Rapaport Weekly Market Comment
Jan 25, 2018 11:00 AM
Dealers gaining confidence, with firm prices and steady demand expected in 1Q. Far East orders slowing as jewelers complete Chinese New Year preparations. Shortages supporting prices. Robust rough market during De Beers sight as cutters increase production. Fewer independent US jewelers -4% to 26,031 in 2017. Michael Hill closing US stores as 1H global sales +5% to $273M. Forevermark holiday sales volume +38%. De Beers 2017 sales +10% to 35.1M cts., production +22% to 33.5M cts., average price -13% to $162/ct. Rio Tinto 2017 production +21% to 21.6M cts. India 2017 polished exports +2% to $23.1B, rough imports +11% to $18.5B. Ronnie VanderLinden reelected US DMIA president.
Fancies: Fancy shapes mixed, with curves better than squares. Ovals hot, followed by Pears and Cushions. Emeralds and Radiants okay, Princesses still weak. Oversizes selling well. Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with limited supply. US supporting market for commercial-quality, medium-priced fancies under 1 ct. 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: Steady trading during India week at the new Diamond Dealers Club in International Gem Tower (50 W 47th street). Optimistic mood among dealers, with buyers actively looking for RapSpec A2+ (3X, no fluorescence) goods. Shortages due to reduced manufacturing. Jewelers preparing inventory for Valentine’s Day, with focus on engagement and bridal collections.
Belgium: Positive sentiment, with good dealer demand for RapSpec A2+ diamonds. Suppliers holding prices firm. Steady interest in 0.90 to 3 ct., I-K, VS-SI diamonds. Low polished inventories fueling rough demand. Improved premiums on the secondary rough market during De Beers sight week.
Israel: Dealers optimistic for first-quarter polished sales. Stable trading, but suppliers waiting for post-Christmas restocking by US jewelers. Good demand for 1 ct., G-K, VS-SI diamonds. Rough market busy, with 2% to 3% rise in dealer premiums since beginning of the year. Profit margins improving, with firm prices for polished manufactured from rough bought a few months ago in weak market.
India: Polished market slightly quieter. Far East orders down, since jewelers have already purchased inventory for the Chinese New Year. Prices supported by shortages and steady dealer demand. Strong interest in 0.50 to 2 ct., F-H, VS-SI diamonds. Polished production rising as large volume of new rough enters the market. Good rough demand during De Beers sight.
Hong Kong: Good start to 2018, with rising expectations for Chinese New Year retail season. Chinese jewelers taking more goods on memo. Solid market for 0.30 to 0.50 ct., E-G, VS-SI (3X, no fluorescence) diamonds. D-G, VVS stones selling well. Jewelers pushing themed fashion pieces for Year of the Dog holiday season.
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