https://www.idnes.cz/zpravy/zahranicni/diamant-rusko-sibir-matrjoska-diamantove-doly-jakutsko.A191006_112602_zahranicni_vlc

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Rapaport Weekly Market Comment

Oct 10, 2019 11:03 AM

Diamond market quiet over Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week, with buyers looking for polished before Diwali break (Oct. 27). Shortages in RapSpec A3+, nonfluorescent goods as manufacturers maintain low production. China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shifting high-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry & watch sales +8% to $1.24B. Sotheby’s HK sells $38M, with 10.64 ct., purplish-pink, IF diamond selling for $19.9M ($1.9M/ct.); auction also reflected sluggish big-stone market as 80.88 ct., D, FL diamond fails to sell. Rapaport offices will be closed on Oct. 14-15 for the Jewish holidays.

Fancies: Fancy shapes soft, reflecting slowdown in overall demand. High-end collection goods weak, as dealers and consumers are shifting to lower price points. Some brands with bespoke requests are paying a premium for rare items and well-made fancies. Ovals for fashion jewelry moving well, especially 1.50 and 2 ct., G-H, VS and H-K, SI2. Marquises and Princesses weak despite reduced manufacturing. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.

Rapaport News will resume publication of the country market comments after the Jewish holiday period.

Rapaport Diamond Industry Stock Tracker

Retail & Mining Shares

Oct 17, 2019 10:58 AM

Global retail stocks benefited from optimism stemming from positive trade talks between the US and China. Shares in Macy’s (+6%), Tiffany (+3.3%), J.C. Penney (+3.2%), Richemont (+7%), Kering (+5%) and Chow Tai Fook (+2.8%) all rose. Mining stocks did well, aside from Firestone (-23%), which fell following reports of a power outage at its Lesotho mine that could potentially affect production.

October 17, 2019 (11:09 GMT) October 10, 2019 (13:41 GMT) Chng.
Stock Indexes Chng.
BSE 39,052.06 37,880.40 1,171.66 3.1%
Dow Jones 27,001.98 26,346.01 655.97 2.5%
FTSE 7,202.51 7,177.96 24.55 0.3%
Hang Seng 26,848.49 25,707.93 1,140.56 4.4%
S&P 500 2,989.69 2,919.40 70.29 2.4%

USA
Birks Group $0.92 $0.91 $0.01 0.6%
JCPenney $1.02 $0.99 $0.03 3.2%
Macys $15.78 $14.91 $0.87 5.8%
Signet $15.73 $16.40 -$0.67 -4.1%
Tiffany $91.40 $88.51 $2.89 3.3%
Walmart $119.42 $118.93 $0.49 0.4%

Far East
Chow Sang Sang (HKD) 8.52 8.51 0.01 0.1%
Chow Tai Fook (HKD) 6.58 6.40 0.18 2.8%
Luk Fook (HKD) 20.35 19.86 0.49 2.5%
Sarine (SGD) 0.24 0.24 0.00 0.0%

Europe
LVMH €379.45 €367.65 €11.80 3.2%
Kering €480.55 €457.00 €23.55 5.2%
Richemont €74.84 €70.26 CHF 4.58 6.5%
Swatch Group €268.80 €254.30 CHF 14.50 5.7%
Pandora DKK 271.20 DKK 270.50 €0.70 0.3%

INDIA (rupee)
PC Jeweller 32.30 30.85 1.45 4.7%
Titan 1,276.85 1,235.00 41.85 3.4%

AUSTRALIA
Michael Hill AUD 0.70 AUD 0.57 AUD 0.13 22.8%

MINING STOCKS
ALROSA RUB 74.00 RUB 72.84 RUB 1.16 1.6%
Lucapa Diamond AUD 0.15 AUD 0.16 -AUD 0.01 -6.5%
Lucara Diamond CAD 1.11 CAD 1.10 CAD 0.01 0.9%
Mountain Province CAD 1.36 CAD 1.22 CAD 0.14 11.5%
UK (pence)
Anglo American 1,906.60 1,910.00 -3.4 -0.2%
Firestone Diamonds 0.54 0.70 -0.2 -23.1%
Gem Diamonds 70.00 69.14 0.9 1.2%
Petra Diamonds 7.76 7.55 0.2 2.8%
Rio Tinto plc 3,976.00 4,090.00 -114.0 -2.8%

Rapaport Diamond Industry Stock Tracker
Retail & Mining Shares
Oct 24, 2019 10:58 AM

Hong Kong retail stocks continued to rebound amid optimism about US-China trade talks. Chow Sang Sang (+7%), Chow Tai Fook (+5%) and Luk Fook (+2%) all rose. European stocks, including Kering (-1%), LVMH (-1%) and Richemont (-1%), dipped slightly as the imminent Brexit deadline approached, while Pandora (+24%) bucked the trend following its upgrade by Carnegie Investment Bank. Mining companies once again struggled in the weak rough market. Alrosa (-4%), Mountain Province (-4%) and Petra (-9%) all fell after reporting disappointing results, with Lucapa (-7%) and Gem Diamonds (-6%) also losing ground.

October 24, 2019 (1:30 GMT)
October 17, 2019 (11:09 GMT)
Chng.

Stock Indexes

Chng.
BSE
39,020.39
39,052.06
-31.67
-0.1%
Dow Jones
26,833.95
27,001.98
-168.03
-0.6%
FTSE
7,326.17
7,202.51
123.66
1.7%
Hang Seng
26,797.95
26,848.49
-50.54
-0.2%
S&P 500
3,004.52
2,989.69
14.83
0.5%

USA

Birks Group
$0.94
$0.92
$0.02
2.2%
JCPenney
$1.06
$1.02
$0.04
3.9%
Macys
$15.67
$15.78
-$0.11
-0.7%
Signet
$15.95
$15.73
$0.22
1.4%
Tiffany
$92.43
$91.40
$1.03
1.1%
Walmart
$119.35
$119.42
-$0.07
-0.1%

Far East

Chow Sang Sang (HKD)
9.11
8.52
0.59
6.9%
Chow Tai Fook (HKD)
6.91
6.58
0.33
5.0%
Luk Fook (HKD)
20.70
20.35
0.35
1.7%
Sarine (SGD)
0.25
0.24
0.01
4.2%

Europe

LVMH
€376.10
€379.45
-€3.35
-0.9%
Kering
€475.95
€480.55
-€4.60
-1.0%
Richemont
€74.04
€74.84
-CHF 0.80
-1.1%
Swatch Group
€266.80
€268.80
-CHF 2.00
-0.7%
Pandora
DKK 336.40
DKK 271.20
€65.20
24.0%

INDIA (rupee)

PC Jeweller
34.40
32.30
2.10
6.5%
Titan
1,374.30
1,276.85
97.45
7.6%

AUSTRALIA

Michael Hill
AUD 0.69
AUD 0.70
-AUD 0.01
-1.4%

MINING STOCKS

ALROSA
RUB 71.20
RUB 74.00
-RUB 2.80
-3.8%
Lucapa Diamond
AUD 0.14
AUD 0.15
-AUD 0.01
-6.9%
Lucara Diamond
CAD 1.11
CAD 1.11
CAD 0.00
0.0%
Mountain Province
CAD 1.30
CAD 1.36
-CAD 0.06
-4.4%
UK (pence)

Anglo American
1,991.40
1,906.60
84.8
4.4%
Firestone Diamonds
0.60
0.54
0.1
11.6%
Gem Diamonds
65.60
70.00
-4.4
-6.3%
Petra Diamonds
7.07
7.76
-0.7
-9.0%
Rio Tinto plc
4,081.00
3,976.00
105.0
2.6%

Rapaport Weekly Market Comment
Oct 31, 2019 11:03 AM

Polished trading improving as jewelers prepare holiday inventory. US demand supporting the market. China cautious due to trade war and Hong Kong unrest. Luk Fook 2Q same-store sales -37%. Indian dealers and manufacturers on Diwali vacation. Specific demand creating high inventory of less popular qualities. De Beers 2018 global market estimate finds rough sales +3% to $16.9B, production volume -3% to 154M cts. and value +2% to $17.4B, polished demand +2% to $25.3B, diamond-jewelry demand +2% to $76B. Insight Report outlines changing attitudes toward love and their impact on the industry. LVMH makes $14.5B offer to acquire Tiffany & Co.

Fancies: Fancy shapes soft, reflecting slowdown in overall demand. High-end collection goods weak as dealers and consumers shift to lower price points. Some brands with requests for high qualities are paying a premium for rare items and very well-made fancies. Pears and Ovals are the strongest shapes. Ovals for fashion jewelry moving well in 1.50 and 2 ct., G-H, VS and H-K, SI2. Marquises and Princesses weak despite reduced manufacturing. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell even at very deep discounts.

United States: New York Diamond Dealers Club busy during Israel Diamond Week. Buyers looking for profitable goods that are liquid. Dealers holding large volume of less popular diamonds. Steady demand for 1 ct., G-J, VS2-I1 stones. Jewelry retailers starting to implement holiday sales strategies.

Belgium: Sentiment cautious amid dealer concerns about state of the industry and global economic developments. Consistent demand for 1 to 2 ct., G-H, SI2, GIA-certified diamonds. Pears and ovals are strongest fancy shapes. Other categories weak. Fewer rough goods available than usual. Suppliers careful to give credit due to tight manufacturer liquidity.

Israel: Positive activity in the bourse as suppliers focus on filling US holiday orders. Foreign buyers looking for goods in Ramat Gan while Indian dealers are on vacation. Chinese demand slow. Improved market for 0.30 to 0.49 ct., D-G, IF-VS2. Shortages in nonfluorescent RapSpec A3+, SI diamonds due to reduced manufacturing.

India: Market quiet with businesses closed for Diwali break, which began October 27. Mumbai supply offices expected to remain shut for two weeks. Surat factories closed until late November. Some smaller units extending vacation due to weak market conditions.

Hong Kong: Dealer trading sluggish as ongoing protests and trade-war uncertainty affecting business. Some confidence in engagement-ring category, with steady demand for 1 ct., D-H, VS-SI, VG+ stones. Retailers under pressure due to political climate and seeing steep declines in Hong Kong sales. Jewelers discounting heavily to boost turnover, but very few tourist shoppers around to take advantage.

Financial Data
Metals
Gold 1,504.89 -0.31%

Silver 18.07 +0.05%

Platinum 934.71 -0.20%

Palladium 1,783.21 +0.30%

Currencies
Euro $1.11 -0.00%

Pound $1.29 +0.14%

Yuan($) 6.99 -0.57%

Rupee($) 70.66 -0.30%

Indices
S&P 500 2,901.52 +0.01%

FTSE 100 7,432.42 -1.11%

Hang Seng 27,906.59 -0.91%

Shanghai 2,725.25 -0.46%

Sensex 38,645.07 -0.12%

Stocks
Tiffany & Co. $127.64 +0.50%

Signet Jewelers $16.90 +4.32%

Chow Tai Fook HKD 7.17 +0.42%

LVMH €397.50 +2.12%

Petra Diamonds GBX 8.34 -3.53%

Rapaport Weekly Market Comment
Nov 7, 2019 11:03 AM

Sentiment improving after De Beers reduced rough prices 5%-7% at Nov. sight. Better demand for RapSpec A3+ polished, driven by US holiday orders. Chinese demand and reduced supply supporting 0.30 to 0.50 ct. D-G, IF-VS categories. Potential US-China trade deal boosts expectations for Chinese New Year. 1 ct. RAPI -0.1% in Oct.; 0.30 ct. RAPI +1.5%. Surat manufacturers on Diwali vacation and expected to maintain cautious production. Gem Diamonds sees pressure on large high-end rough, as Letšeng 3Q average price -23% to $1,417/ct. Hong Kong 3Q net polished imports -22% to $1.1B. Peter Meeus and IGI submit competing bids to acquire HRD Antwerp.

Fancies: Fancy shapes soft, reflecting slowdown in overall demand. High-end collection goods weak as dealers and consumers shift to lower price points. Some brands with requests for high qualities paying a premium for rare items and very well-made fancies. Pears and Ovals are the strongest shapes. Ovals for fashion jewelry moving well in 1.50 and 2 ct., G-H, VS and H-K, SI2. Marquises and Princesses weak despite reduced manufacturing. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell even at very deep discounts.

United States: Steady trading, but wholesale business is weaker than last year’s holiday season. Jewelers looking for memo and not committing to buy. Good demand for 1 to 2 ct., G-H, VS2-SI, RapSpec A3+ diamonds. Branded estate jewelry selling well. High-end large diamonds slow, with 5 ct., IF-VVS, D-F category soft. Retailers starting holiday marketing campaigns.

Belgium: Activity picked up in November, with buyers interested in broader range of diamonds.Dealers with the right 0.30 to 0.50 ct., D-G, VS-SI goods selling at firmer prices. Shortage of 2 to 4 ct. nice piquè stones. Ovals and pears doing well in 1 to 1.5 ct. range. Fancy yellow diamonds also improving. Rough market improves after De Beers price cuts.

Israel: Dealers gaining confidence amid rise in US orders. More overseas buyers in the bourse. Far East demand still cautious despite upturn in 0.30 to 0.50 ct., D-G, IF-VS2, RapSpec A3+ goods. Demand centered on top-quality F-J, SI1-I1 A3+ stones. Ovals, 1.50 to 2.99 ct., VS2-SI2 also selling well.

India: Mumbai market still not fully operational as dealers return from Diwali vacation. Surat factories closed for another week or two.Dealers focused on filling US orders and select demand from China. Shortage of top-quality SIs due to reduced manufacturing. Cutters hoping for better profit margins after Diwali break following De Beers rough price cuts.

Hong Kong: Protests continue to impact business for diamond dealers and jewelry retailers. Rising expectations over potential US-China trade deal, as dispute has significantly affected sentiment in HK/China. Jewelers preparing online inventory for 11/11 Single’s Day sales. Steady demand for 0.30 to 0.50 ct., D-G, VS-SI goods. Other sizes seeing shift to lower colors. Consumers tightening budgets for Jan. 25 Chinese New Year season.

Rapaport Weekly Market Comment
Nov 21, 2019 11:03

Market sentiment improves as focus shifts to retail ahead of Thanksgiving weekend. Jewelers preparing Black Friday promotions, with strong emphasis on e-commerce. Department stores and mall-based retailers offering heavy online discounts to entice customers. A lot of diamonds out on memo. Dealers maintaining firm prices for RapSpec A3+ diamonds, with positive trend in dossiers as reduced manufacturing has led to scarcity of better qualities. Cutters raising polished production in anticipation of post-holiday demand, but rough supply limited. Belgium Oct. rough imports -30% to $529M. Petra Diamonds sells 20.08 ct. blue rough for $14.9M ($741,000/ct.).

Fancies: Some improvement in 1 ct. and larger, G-H, VS-SI fancy shapes. Pears and Ovals are the strongest shapes. High-end collection goods weak as dealers and consumers shift to lower price points. Ovals for fashion jewelry moving well in 1.50 and 2.99 ct., G-H, VS and H-K, SI2. Large Emeralds steady. Marquises and Princesses weak despite reduced manufacturing. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes since prices are lower than rounds. Off-make, poorly cut fancies illiquid and hard to sell even at very deep discounts.

United States: Wholesale market stable. Dealers waiting for feedback from retailers about large quantity of goods out on memo. Steady demand for 0.90 to 1.50 ct., G-J, VS2-I1 diamonds for engagement rings. Jewelers more focused on selling than buying. Emphasis on improving e-commerce and omni-channel platforms.

Belgium: Busy activity in Diamantkring during Antwerp Rough Diamond Days, with Martin Rapaport presenting “Future of the Diamond Industry.” Lack of goods limiting transactions after 3Q market slump. Polished trading better than expected, with a lot of Israeli buyers looking for goods. Stable holiday demand for 1 to 2 ct., G-J, VS-SI diamonds. Large stones above 4 ct. slow.

Israel: Positive sentiment, with buyers looking for specific RapSpec A3+ diamonds. Suppliers concentrating on 1 ct., G-J, VS2-I1 stones for the US market. Dealers willing to compromise on profitability, preferring goods that are easy to sell quickly. Ovals and pears doing well in 1.50 to 2.99 ct. sizes. Good movement of fancy yellow diamonds above 3 ct.

India: Surat manufacturing back to normal as most workers have returned after Diwali break. Steady rough demand as factories raise polished production. Shortages in select RapSpec A3+ diamonds with no fluorescence. Overseas buyers, mainly from Israel and China, looking for SI to I1 goods, with some improvement in 0.30 to 0.50 ct., G-J, VS-SI stones. Local jewelry market relatively slow as wedding season begins.

Hong Kong: Diamond wholesale and jewelry retail markets extremely quiet as political protests have escalated. Many businesses closed or offering flexible work hours for staff. China retail picking up ahead of Chinese New Year on January 25. Improved demand for 0.30 to 0.50 ct., F-J, VS-SI diamonds. E-commerce offering strong growth opportunities. Uncertainty over trade war persists.

Rapaport Weekly Market Comment
Dec 19, 2019 9:58 AM

Positive sentiment in final week before Christmas. Retail emphasis on omni-channel and improving in-store shopping experience. Brands using pop-up stores to boost customer interaction, test innovations and showcase new products. Strong online sales. Chinese demand driving polished market ahead of Jan. 25 lunar festival as US and China edge toward trade deal. Alrosa positions itself in China with WeChat blockchain program and unveils plan to integrate Kristall polishing units. Rough market stable following $425M Dec. sight. De Beers issues guidelines for sightholders selling synthetics. Rapaport wishes everyone a successful holiday season.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Larger emeralds above 2.50 ct., D-G, VVS2-VS1 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and marquise continue to struggle. Fancies with classic and long ratios trending in fashion segment. Shortage of top-make fancies 1.50 ct. and larger in all categories except D color. US sustaining market for commercial-quality, medium-priced fancies. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.

United States: Jewelers busy before Christmas. Strong tourist traffic in New York diamond district. Fifth Avenue jewelers pushing branded bridal during peak shopping period. Stable demand for 1 ct., G-H, VS-SI goods. Holiday season success still unclear as dealers wait for feedback on memo sales.

Belgium: Positive sentiment as activity slows before Christmas and New Year. Indian dealers looking for goods in Antwerp before bourses close for holiday break (Dec. 23 to Jan. 6). Steady orders for 0.30 to 0.50 ct., D-G, VS-SI, RapSpec A3+ diamonds. Big stones still weak. Rough market stable, with more goods available after Dec. De Beers sight.

Israel: Trading quiet, with a lot of diamonds sent to the US on memo. Some Chinese New Year demand, but Far East buyers pushing for deeper discounts. Momentum slowing for 0.30 to 0.50 ct. sizes though prices remain firm. Good demand for 2 to 5 ct., D-J, I1 stones. Concern about tightening profit margins for large stones.

India: Activity down since US and European buyers completed their orders for the season. Focus now on China for Jan. 25 Lunar New Year. Caution still surrounds Hong Kong market. Manufacturers raising production but careful not to build up too much inventory. Shortages supporting prices, as new polished has not yet come to market in large quantities.

Hong Kong: Local dealer market improving ahead of Chinese New Year. Trading expected to expand in the coming month before the festival. Luxury retail sluggish amid reports of 56% drop in Nov. tourist arrivals year on year. Stable demand from mainland China as jewelers there maintain positive outlook. 0.50 to 0.70 ct., D-I, VS-SI moving well.