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Týždenný prehľad zaujímavostí vo svete diamantov .

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Rapaport Weekly Market Comment
Jan 30, 2020 10:58 AM
Chinese coronavirus outbreak raising concerns about retail demand as businesses extend Lunar New Year shutdown. Travel restrictions likely to affect global trading, leading to possible polished oversupply following strong rough demand. De Beers Jan. sales +9% to $545M as sightholders replenish inventory after good holiday season. Petra Diamonds 1H revenue -6% to $194M but notes rough-price increase in early 2020. LVMH 2019 jewelry and watch sales +7% to $4.8B with strong year at Bulgari. De Grisogono files for bankruptcy after reports link it to Isabel dos Santos corruption probe. Martin Rapaport Keynote Presentations at Israel Diamond Exchange Feb. 10 and Palm Beach Show Feb. 16.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. 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 difficult to sell.

United States: Trading stable following solid holiday season. Steady demand for round, 1.25 to 2.50 ct., G-I, VS-SI diamonds, with ovals moving well and interest in emeralds growing. Weak market for expensive 3 ct. and larger stones in high colors and clarities. Dealers struggling to replace inventory due to high prices of rough and polished. Exhibitors unsure whether to attend March Hong Kong show due to coronavirus outbreak.

Belgium: Market cautious as Chinese virus reducing Asian demand. Buyers reluctant to buy rough as health crisis could make it hard to sell the polished. Good demand for round, 0.30 to 0.60 ct. collection goods, with 1 ct. stable. Customers showing appetite for larger 2 ct.+ diamonds, but only for top cut grades. Fancy colors weak. Dealers anticipate improvement ahead of Valentine’s Day.

Israel: Dealers worried about impact of coronavirus on transport of goods and ability to sell to Chinese market. Rough demand strong at De Beers and Alrosa sales. Israeli companies in better shape than others as solid holiday sales left them with diminished inventory. Industry preparing for Israel International Diamond Week, which takes place Feb. 10-12.

India: Slow movement with few overseas buyers visiting during Chinese New Year. Some shortages following reduction in polished production. Manufacturing profits thin as rough prices strengthen at start of year. Cutters and traders increasingly considering lab-grown diamonds in search of better profit margins. Local jewelry market weak despite wedding season. Health scare in Asia adding to caution.

Hong Kong: Markets quiet during Chinese New Year. Uncertainty about upcoming trade show (Mar. 2-8) due to virus situation. Authorities have restricted travel from China and shut public spaces, with schools closed until Feb. 17.
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Moderátor
Rapaport Weekly Market Comment
Feb 6, 2020 10:58 AM By Rapaport News

Hong Kong shows postponed to May 18-21 as coronavirus impacts global trade. Weak Chinese New Year sales to reduce 1Q inventory replacement as jewelers are left with large volumes that didn’t sell. Diamond markets quiet. Polished prices supported by shortages, particularly of 0.30 to 0.49 ct., D-F, IF-VVS2 goods. 1 ct. RAPI -0.4% in Jan. Manufacturers cautious, despite strong recent rough buying, as oversupply of lower-quality diamonds remains. Russia’s Eximbank enters diamond lending as Alrosa helps negotiate loan to Dali Diamond. Lucara finds 549 ct. rough at Karowe mine. Martin Rapaport to give keynote presentations at Israel Diamond Exchange Feb. 10 and Palm Beach Show Feb. 16.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. 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 difficult to sell.

United States: Polished trading stable, but dealers lacking usual first-quarter buzz. Little inventory buying as retailers focus on memo and online sourcing. Pockets of good demand, with steady orders for 1 to 1.50 ct., G-J, VS2-I1 diamonds for bridal. Retailers focused on Valentine’s Day promotions. Consumer confidence rises in January, according to Conference Board index.

Belgium: Market relatively quiet after good January trading. Buyers cautious due to renewed uncertainty in China. US and European demand stable. Steady orders for 0.30 to 0.60 ct., F-I, VS2 goods. 1 ct., G-J, VS-SI doing OK. 2 to 4 ct. weak. Rough market slower after strong January sales.

Israel: Slow market, but improvement anticipated during International Diamond Week (Feb. 10-12). Dealers focused on US customers amid China slowdown. Steady demand for commercial-quality diamonds for US engagement rings. Firm prices for 0.30 to 0.49 ct. goods, despite decline in Chinese orders. Fancy shapes stable, with shortages of fine-cut, 1.50 to 10 ct. pears and ovals.

India: Cautious sentiment amid tight liquidity and concerns about oversupply. Manufacturers maintaining low production to avoid flooding the market with goods. Steady demand for 0.30 to 0.50 ct. diamonds. Few overseas buyers in Mumbai after India canceled visas for Chinese visitors. Trade disappointed by 2020 government budget, which kept import duty on gold at 12.5% and polished diamonds at 7.5%.

Hong Kong: Fewer buyers in the market as government imposes two-week quarantine on visitors from mainland China following outbreak of coronavirus. Dealers extending Lunar New Year break or working from home. Chinese jewelers facing sharp sales decline as some cities are on lockdown. Hong Kong luxury suffers toughest year in decade due to city protests, with 2019 jewelry, watches and clock sales -22% to HKD 66.2 billion ($8.52 billion). Virus quashes pre-lunar festival optimism.
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Moderátor
Rapaport Weekly Market Comment
Feb 13, 2020 10:58 AM

Dealers and manufacturers cautious, with deep concerns about impact coronavirus will have on the market. Slump in Chinese demand as retail shuts down during peak season, leaving jewelers with high inventory. Chow Tai Fook suspends 40 Hong Kong-Macau stores and 80% of China locations. Liquidity tight as Far East customers delay payments. India’s GJEPC appeals to banks and government for more time on loan repayments. Rough market slowing after strong Jan. sales. Inventory of 0.30 to 0.50 ct. polished rising again. Alrosa CEO Sergey Ivanov pledges to sell 22M ct. rough inventory in responsible manner. US 2019 polished imports -16% to $19.5B. Shane Durgin steps down as Dominion CEO.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. 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 difficult to sell.

United States: Mixed feedback from retailers about Valentine’s Day sales, with online and QVC-type TV platforms doing well. Jewelers offering promotions during Valentine’s Day-Presidents’ Day long weekend. Indian and Israeli dealers shift focus to New York after Hong Kong and China shutdown, creating concern about pending oversupply on 47th Street. Shortage of RapSpec A3+ (3X, none) goods.

Belgium: Sentiment weak and trading levels down amid China concerns. High-end and large stones soft as European luxury houses suspend China operations until virus contained. Top-quality small stones also sluggish amid slowdown in Swiss watch sales. Fancy shapes selling, with improvement in marquise and pear shapes. Rough market uncertain as Indian manufacturers scale down buying.

Israel: Good networking and positive vibe during International Diamond Week. Steady trading among local dealers and some Indian buyers. Focus on niche segments such as large fancy shapes and fancy colors. Concerns about payment from Far East customers. Large-stone rough demand stable at auctions.

India: Sluggish market in absence of China and Hong Kong-based buyers. Demand down but suppliers maintaining steady prices for now. Manufacturers concerned polished prices will soften as coronavirus’s impact on business spreads. Inventory levels rising again due to China slowdown and strong rough buying in Dec.-Jan. Purchase of commercial-quality rough cautious at start of Alrosa Alliance sale.

Hong Kong: Short-term outlook pessimistic as coronavirus crisis continues. Many businesses closed or working fewer hours and with minimal staff. Very little polished trading in absence of Chinese demand and international buyers. Some orders from other Asian markets. Retailers under pressure as sales plummet but labor and rental costs remain.
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Moderátor
China slowdown affecting global sentiment. Diamond markets quiet as coronavirus reduces value across the supply chain. Chinese and Hong Kong jewelers remain closed and lack of Chinese tourism likely to impact European and US luxury brands. US retailers consider short-term alternatives to Chinese suppliers. Diamantaires concerned about delayed payments from Hong Kong buyers. Reduced demand leading to polished inventory buildup, since manufacturers bought large volume of rough in Dec./Jan. Miners with inflated inventory cautious about 2020 production. Small De Beers sight expected next week. De Beers 2019 revenue -24% to $4.6B, earnings -87% to $45M, average price -20% to $137/ct.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. 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 difficult to sell.

United States: Steady US polished demand supporting global trade as China weakens. New York dealers buying to fill orders rather than for inventory. Strong emphasis on memo. Shortages reinforcing prices of better-quality goods (RapSpec A3+), while suppliers are still holding large volume of unwanted diamonds. Following Valentine’s Day, jewelry retail expected to be seasonally slow until start of summer wedding period.

Belgium: Dealers cautious amid slowdown in China and Hong Kong. Buyers pushing for higher discounts, but suppliers to US are holding prices steady. Rough trading quiet and premiums softening on the secondary market ahead of next week’s De Beers sight. Peter Meeus submits new bid for HRD Antwerp, while AWDC approves CEO’s turnaround plan.

Israel: Activity stable as dealers avoid travel and focus on local trading. Difference in sentiment between suppliers to US and those with Far East focus. Solid interest in round, 1 to 7 ct., D-M, SI3-I1 diamonds. Slowdown in 0.30 to 1.49 ct., D-H, IF-VS goods. Concern that Indian suppliers will lower prices and flood market with polished amid slump in Chinese-Hong Kong orders.

India: Sentiment low owing to tight liquidity and slow polished demand. Buyers seeking discounts and looking for desperate sellers. Dealers maintaining weak 1H outlook, with concerns Chinese jewelers will return large volume of unsold goods. US supporting the market and showing steady interest in 1 ct., G-J, VS2-I1 diamonds. IIJS Signature fair signals shift to lighter-weight wedding jewelry due to high gold prices and weak economy.

Hong Kong: Polished trading drastically reduced. Many companies working with minimal staff amid coronavirus epidemic. Businesses seeking ways to save money; many mulling layoffs. International diamantaires reconsidering their presence in the city. Some Chinese jewelry manufacturers have returned to work but haven’t yet resumed production, since orders are on hold. Retail market sluggish and reeling from double blow of the virus and political protests that hurt sales last year.
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Moderátor
Rapaport
27 februára 2020 10:58

Diamond market weak as coronavirus shuts down China and weighs on global economy. Financial markets slump with Dow -7% (Feb. 21-27). Gold rallies +4% to $1,653 per ounce (Feb. 1-27). Indian market facing severe liquidity crunch as sales to China stop. Luxury retailers reviewing Hong Kong presence after 2019 protests and ongoing epidemic lead to drop in sales. De Beers gives sightholders added flexibility on Chinese goods, with projections for small Feb. sight. Rio Tinto diamond unit 2019 revenue -11% to $619M, loss of $21M vs. profit of $118M the previous year. India Jan. polished exports -6% to $1.7B, rough imports -11% to $763M.

Fancies: Ovals are strongest shape, driven by US fashion jewelry demand. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Pears slightly slower due to sluggish Hong Kong market. Princess and Marquise continue to struggle. Well-shaped and fine-cut fancies have become a profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. 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 difficult to sell.

United States: US demand supporting global market as dealers seek ways to compensate for decline in China. Dealers concerned that too much excess inventory is being sent to the US amid plummeting stock markets. Steady orders of 1 ct., G-J, VS2-I1 diamonds for engagement rings. Bridal picking up ahead of summer wedding season.

Belgium: Market conditions deteriorating as coronavirus impacts demand. Virus’s recent spread to Italy and other European countries has added to uncertainty. Dealers reducing purchases and assessing inventory requirements. Antwerp Rough Diamond Days, scheduled for this week, postponed due to virus. AWDC delays sale of HRD Antwerp and tasks new CEO with implementing turnaround plan.

Israel: Sentiment weak amid worries that India and Hong Kong dealers will reduce prices to raise liquidity. Suppliers focused on US as China and Hong Kong shut down. Steady demand and firm prices for round, 1.50 to 5.99 ct., G-J, I1 diamonds and oval and pear, 1.50 to 5.99 ct., G-J, VS2-SI2 goods. Rough dealers struggling to sell boxes during De Beers sight. Solid interest at large-stone rough auctions.

India: Polished trading slow due to lack of Asian buyers and reduced liquidity. US market stable, but buyers seeking discounts. Diamonds with lower color and clarity moving better than higher-end items. Manufacturers maintaining low production since polished demand is down. Diamantaires with Hong Kong offices operating with reduced teams.

Hong Kong: Wholesale very quiet due to lack of orders from China during coronavirus epidemic. Sporadic orders from other countries in the region, such as Japan, Singapore, Thailand and Malaysia, with 0.20 to 0.50 ct., D-F, VVS-SI1 selling. China retail stores remain closed; consumers in big cities making some purchases online. Jewelry manufacturers starting to resume operations at reduced capacity. Hong Kong retailers trying to renegotiate rental rates.
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Moderátor
Rapaport Weekly Market Comment
Mar 5, 2020 10:58 AM

Sharp decline in diamond trading amid fears coronavirus will lead to global slowdown. Midstream inventory losing value as manufacturers consider deeper discounts to raise liquidity. Polished prices falling due to China shutdown, with 1 ct. RAPI -1.6% in Feb. De Beers allows deferral of Chinese goods as sales -28% to $355M at Feb. sight. De Beers to customize sightholder supply for dealers, manufacturers and retailers starting in 2021. Belgium Jan. polished exports -22% to $605M, rough imports +14% to $829M. Baselworld canceled due to virus, JCK Las Vegas shows still on. Martin Rapaport to give Diamond Market Challenges webinar Thursday Mar. 19 at 10 a.m. GMT and 12 p.m. EST.

Fancies: Some weakness in fancy shapes below 1.25 ct., but overall demand more stable than rounds since fancies are not as popular in China. Pears slower due to sluggish Hong Kong market. Ovals are strongest shape, driven by US fashion jewelry demand. Well-shaped and fine-cut fancies have become profitable niche with good demand and strong prices, especially Ovals, Emeralds and Pears. Emeralds above 2.50 ct., D-G, VVS2-VS2 also selling well. Shortage of top-make fancies 1.50 ct. and larger. US sustaining market for commercial-quality, medium-priced fancies. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Polished trading weak, ending the positive momentum that started off the year. Overseas dealers trying to sell in New York as Hong Kong and China reach a standstill. Single stones for engagement rings supporting the market. Shortage of melee, G-I, I2-I3 goods. Jewelers focused on bridal ahead of summer wedding season, with consumers cautious following stock-market slump.

Belgium: Dealers avoiding inventory buildup during coronavirus uncertainty. Foreign buyers staying away. Dossiers trading at deep discounts. Some demand for round, 2 ct.+, H-I, IF-VS2 diamonds and for well-cut pears and ovals. Sluggish rough market following small De Beers sight.

Israel: Activity slow with virus impacting demand among Far East suppliers. Businesses and bourse closed over March 2 national election public holiday. Suppliers concerned about decline in inventory value. Fewer orders for round, 2 ct.+, D-F, IF-VVS goods. Rough trading quiet.

India: Liquidity tight as companies prepare accounts ahead of March 31 financial year-end. Coronavirus affecting cash flow, with Chinese clients delaying payments or returning unsold goods. Travel restrictions reducing presence of foreign buyers in Mumbai. Strict customs controls and volatile rupee (-2.6% since February 1 to INR 73.4 / $1) creating challenges for cross-border trade. Steady supply of new polished coming to market from rough bought at high prices in January.

Hong Kong: Wholesale and retail very slow. Orders from China have stopped; those from broader Asia Pacific market, including Japan and Singapore, have declined. Chinese factories have resumed operations at reduced capacity to meet demand from online retailers. Dealers concerned that impact on trading will spread to US and Europe. Jewelry stores remain either closed or operating fewer hours with skeleton staff.
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Moderátor
Mar 12, 2020 10:58 am

Diamond industry facing severe liquidity crisis as coronavirus spreads to US. Suppliers uncertain about prices as buyers push for deeper discounts. Jewelers holding large inventory and have scaled back polished purchases. Manufacturers are advised to stop buying rough and hold cash until conditions stabilize. Slump in oil price (-32% since Mar. 5) and stock market (Dow -10%) reducing consumer wealth and luxury demand. Chow Tai Fook Jan./Feb. sales -60% in Hong Kong & Macau, -42% in China. Belgium Jan./Feb. polished exports to the US -35%. Martin Rapaport to give Diamond Market Challenges webinar Thursday Mar. 19 at 10 a.m. GMT and 12 p.m. EST. Register at rapaport.com/webinar.

Fancies: Pears slower due to collapse of Hong Kong market. Weakness in fancy shapes below 1.25 ct., but overall demand more stable than rounds since fancies are not as popular in China. Ovals strongest shape, driven by US jewelry demand. Some demand for Emeralds above 2.50 ct., D-G, VVS2-VS2. Some shortage of top-make fancies 1.50 ct. and larger. US sustaining market for commercial-quality, medium-priced fancies. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Sentiment very weak as spread of coronavirus sparks stock market slump and shift to stay-at-home economy. New York’s JA show and MJSA expo canceled due to pandemic. Bridal supporting the market for 1 ct., G-J, VS-SI diamonds, as February through May is a popular period for engagements. Other categories sluggish. Consumers moving to lower price points.

Belgium: Very little activity amid uncertainty about impact pandemic will have on the market. Polished exports -42% to $1.2 billion in January-February due to drop in shipments to Hong Kong and US. European luxury struggling as sales slide and lockdown in Italy affects supply chains. Some rough demand during Alrosa monthly sale, with dealers focused on goods suitable for the US.

Israel: Foreign buyers absent as all visitors to Israel must enter two-week quarantine. Local suppliers also avoiding travel. Coronavirus has delayed delivery of goods and forced dealers to work from home. Government has relaxed regulations on diamond shipments between areas affected by outbreak after polished exports fell 73% in February. Dealers took one-day vacation over Purim festival.

India: Market quiet, with very few customers visiting from overseas due to virus. Some traders took vacation over Holi festival. Polished suppliers under pressure as inventories rise and prices soften. Demand down for SI-clarity and better diamonds. Some interest in I1 among local jewelers. Manufacturers have reduced polished production in response to the decline in orders. High gold prices and rupee depreciation (-2.7% since March 1 to INR 74.2/$1) weighing on domestic demand.

Hong Kong: Dealer trading stalled. Retail jewelers have reopened stores that were closed when coronavirus broke, but sales remain slow due to weak consumer sentiment and drop in tourist traffic. E-commerce retail also declined but less affected by the downturn. Jewelers holding large inventory and don’t need to buy goods. China manufacturing has resumed but is focusing more on lower-cost gemstone and gold jewelry.
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Financial Data
Metals
Gold 1,526.62 -3.44%

Silver 13.16 -20.15%

Platinum 714.56 -7.20%

Palladium 1,724.86 -7.15%


Currencies
Euro $1.12 +0.15%

Pound $1.23 -2.54%

Yuan($) 7.00 -0.36%

Rupee($) 74.22 -0.12%


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. $127.94 +0.36%

Signet Jewelers $14.18 +8.08%

Chow Tai Fook HKD 6.05 0.00%

LVMH €314.90 +4.44%

Petra Diamonds GBX 2.20 +7.32%
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Moderátor
Rapaport Weekly Market Comment
Mar 19, 2020 10:58 AM

Diamond markets under pressure as coronavirus pandemic spreads economic crisis and reduces demand. Declining stock and commodity markets rattle consumer confidence. US retail shutting down as Tiffany & Co., Macy’s, Saks, J.C. Penney close stores, signaling dramatic shift to digital stay-at-home economy. Polished trading stalled due to travel restrictions and fear of falling prices. JCK Las Vegas shows postponed. Rough prices fall estimated 10% to 25% at March auctions. Diamond industry must adapt to new reality and find ways to keep B2B market alive in these difficult times. We must embrace our digital future and recognize that diamonds are a unique store of value.

Fancies: Fancy shapes sluggish as coronavirus hits US, the strongest market for commercial-quality, medium-priced fancies. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory levels still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: COVID-19 shuts down New York market. Diamond Dealers Club closed. Many dealers operating with limited teams and reduced hours. Cancellation of trade shows signals weak outlook for the coming months. Dealers hoping for steady orders when crisis ends. Retail slow as major jewelers temporarily shut stores.

Belgium: Trading halls closed to avoid spread of coronavirus. Government recommends working from home, but scheduled tenders still taking place. European retail at a standstill as countries tighten restrictions on movement. Business moving online. AWDC co-hosting virtual trade fair with Israel Diamond Institute (March 30 to April 3).

Israel: Exchange trading floor closed. Limited attendance at bourse complex after government tells non-essential workers to stay home. Israel Diamond Exchange (IDE) discounting membership fees for two months as business grinds to a halt. Dealers not making sales; crisis now affecting suppliers to the US and Europe along with those operating in the Far East.

India: Demand low and polished suppliers under pressure as overseas retailers and trading centers cease operations. Government taking precautions against COVID-19 as cases rise. Some companies working reduced hours or with fewer staff members. Surat industry decides against shutdown in effort to avoid further damage to the sector. Liquidity tight as businesses prepare accounts ahead of March 31 financial year-end.

Hong Kong: Sentiment weak due to global slowdown and second wave of local virus cases. Domestic demand sluggish after pandemic and year of protests leave economy crippled. Retailers focused on clearing inventory rather than buying. Tourist spending down, with arrivals from mainland China -54% to 2.5 million in January.
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Moderátor
Hmmm domnievam sa tento segment tiež padne do peknej recesie na určitý čas...
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Moderátor
Financial Data March 30, 2020
Metals
Gold 1,622.40 -0.42%

Silver 14.12 -1.92%

Platinum 729.92 -1.04%

Palladium 2,241.29 -4.32%


Currencies
Euro $1.11 +0.45%

Pound $1.24 +1.71%

Yuan($) 7.09 +0.26%

Rupee($) 75.26 +0.60%


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. $127.44 -1.30%

Signet Jewelers $7.90 -17.02%

Chow Tai Fook HKD 5.57 +2.01%

LVMH €363.70 +0.06%

Petra Diamonds GBX 1.13 -5.38%
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Moderátor
Rapaport Weekly Market Comment
Apr 2, 2020 10:58 AM

Diamond markets under continued pressure and facing severe liquidity crisis as jewelry retail, manufacturing, trading and mining companies shut operations during COVID-19 lockdown. Trading limited to online deals, with opportunistic buyers pushing for even higher discounts. 1 ct. RAPI -6.8% in March. China business reopening amid new coronavirus reality. Signet Jewelers temporarily lays off workers, settles $240M shareholder lawsuit. Alrosa allowing 100% deferrals at next week’s sale. Gem Diamonds sells $12M at new flexible rough tender for large stones. Las Vegas Couture and Antique Jewelry & Watch shows canceled. Rapaport Group announces shift to monthly publication of Rapaport Price List. The next issue of the Price List will be published on May 1.

Fancies: Fancy shapes sluggish as coronavirus hits US, the strongest market for commercial-quality, medium-priced fancies. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Retail and dealer markets limited to e-commerce as Fifth Avenue and 47th Street diamond district shut doors. Large chains laying off workers and expecting lengthy store closures. Jeweler Support Network created to help small businesses cope.

Belgium: Shutdown continues as Europe fights coronavirus. Government and banks approve program to aid businesses struggling with liquidity during pandemic. Lenders agree to postpone loan repayments until September 30, with the state guaranteeing additional one-year credit lines.

Israel: Country on lockdown ahead of weeklong Passover holiday, which starts April 8. Sentiment weak as US and European markets remain closed. Companies with online capabilities suffering now that physical trading has dried up.

India: Polished production and trading drastically reduced amid nationwide quarantine restrictions to curb outbreak. Cancellation of De Beers sight will vastly reduce rough imports during this period. GJEPC donates $6.7 million to help large number of workers affected by the crisis.

Hong Kong: Stores have reopened but are seeing very low traffic amid reports of second wave of virus cases. Retail sales of jewelry and other hard luxury down 79% in February to HKD 1.56 billion ($200.6 million) due to quarantine rules for visitors from mainland China. Weak outlook for tourism and local demand.
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Moderátor
Metals
Gold 1,651.67 +0.19%

Silver 15.08 +0.34%

Platinum 745.76 +0.77%

Palladium 2,198.36 +0.76%


Currencies
Euro $1.09 -0.23%

Pound $1.23 -0.17%

Yuan($) 7.06 +0.26%

Rupee($) 75.87 +0.37%


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. $128.40 +0.18%

Signet Jewelers $6.80 +6.25%

Chow Tai Fook HKD 5.69 +5.37%

LVMH €339.75 +4.52%

Petra Diamonds GBX 2.43 -8.49%
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Moderátor
RAPAPORT... Total diamond sales at Alrosa fell 59% to $152.8 million in March, as the coronavirus pandemic led to a slowdown in demand.

Rough-diamond proceeds dipped 60% year on year to $148.7 million for the month, while polished revenue dropped 49% to $4.1 million.

“March demand for rough and polished diamonds in all key markets demonstrated a steep decline,” Alrosa deputy CEO Evgeny Agureev said last week. “The uncertainty in February was followed by severe restrictions and even the suspension of trading because of border closures and quarantine measures across the world. Needless to say that this has had an extremely adverse effect all along the diamond pipeline.”

Alrosa implemented flexible sales during the month, which allowed its long-term clients to make fewer purchases than usual. While most of the Russian miner’s customers stuck to their contracts, several companies switched to spot sales, which allowed them to choose the amount they purchased, rather than receiving a set portion of goods.

In the first quarter, Alrosa’s rough and polished sales slumped 10% to $904.2 million. Revenue for rough fell 11% to $881.2 million, while polished grew 41% to $23 million. Polished sales included those from Russian manufacturer Kristall, which Alrosa acquired at the end of 2019.

Agureev expects the market to pick up soon, as China has shown signs of recovery from the coronavirus outbreak.

“According to the latest news, the epidemiological situation in China, one of the major diamond markets, is gradually improving and moving towards less strict quarantine measures,” he said. “This gives us the hope that this market will be the first to start recovering…demand in the [near] future.”

Seperately, Alrosa donated RUB 166 million ($2.3 million) to help in the fight against COVID-19 in the Yakutia region in which it operates. The money will help provide medical supplies and equipment, it said.

The miner has also launched an internal diamond supply chain management system that will allow the company to comply with Organisation for Economic Co-operation and Development (OECD) due-diligence guidance for responsible supply chains, it added.

Image: Rough-diamond sorting. (Alrosa)

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Rapaport Weekly Market Comment
Apr 16, 2020 11:02 AM By Rapaport News

Diamond industry under stress as mining, manufacturing and retail centers remain closed during COVID-19 lockdown. US government starts $2.2 trillion stimulus to help relieve liquidity pressures as new unemployment claims exceed 20 million in April. US retail sales slide -6.2% in March. China retail reopening to light traffic. Chow Tai Fook 4Q China same-store sales -50%, Hong Kong/Macau -65%. Some junior miners deem operations uneconomical at current low rough prices. Petra Diamonds prices -27% in March. Alrosa reduces inventory -6% to 21.1 million carats in 1Q, sells $149M rough and $4.2M polished in March. Exhibitors clash with Baselworld over refund policy as watch majors Rolex, Patek Philippe, Chanel, Chopard and Tudor pull out.

Fancies: Fancy shapes sluggish amid lockdown of US retail, the strongest market for commercial-quality, medium-priced fancies. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: New York trading limited to sporadic online deals amid city shutdown. Retailers closed nationwide, with major jewelers furloughing workers. Many small businesses applying for government loans. Trade organizations focusing on online educational programs, including webinars by the Gemological Institute of America (GIA) and Jewelers of America (JA).

Belgium: Antwerp’s four bourses remain shut. AWDC to host webinar on April 17 explaining government support measures during COVID-19.

Israel: Short week due to seven-day Passover festival that ended on Wednesday. Israel Diamond Exchange president Yoram Dvash outlines benefits available to diamantaires in Facebook post.

India: Government extends lockdown to May 3. Some manufacturing sectors could resume before then. Gem and jewelry exports decline 41% in March.

Hong Kong: Wholesale and retail markets reopening with caution but not expecting a quick recovery. Dealers assessing polished price levels and availability. Retail inventory levels higher than normal, with Chow Tai Fook reporting 15% year-on-year inventory increase on February 29. Hong Kong shows rescheduled for August.
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..je zde prosím volno? Škoda, že diamantům nerozumím, dobré je, že Ti kteří tomu také nerozumí zde mlčí. Jsou to uklidňující články. Netřeba rozumět.
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Návštevnosť tohto vlákna dosahuje výborné štatistické čísla, jeden z dôvodov prečo vkladám dlhé roky týždenné súhrnné správy...

Momentálne je všetko dostupnejšie, niektoré dôverné obchodné informácie máte len na základe členstva .
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Financial Data
Metals
Gold 1,687.74 -0.43%

Silver 15.11 -1.32%

Platinum 764.29 -1.32%

Palladium 2,073.64 -4.89%


Currencies
Euro $1.08 -0.22%

Pound $1.24 -0.53%

Yuan($) 7.07 -0.01%

Rupee($) 76.83 +0.29%


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. $128.95 -0.15%

Signet Jewelers $7.63 -4.74%

Chow Tai Fook HKD 6.29 +0.48%

LVMH €360.45 +0.68%

Petra Diamonds GBX 2.22 +0.23%
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Rapaport Weekly Market Comment
Apr 23, 2020 11:02 AM

Sentiment weak due to slump in demand since early March. Some orders from China and Hong Kong, but US and European markets remain in lockdown. Dealers frustrated by inability to resume trading. Indian industry groups call for one-month suspension of rough imports beginning May 15 in effort to ease liquidity and deplete existing polished inventory. Mid-tier miners under pressure with weak prospects to generate cash required for debt payments. Dominion files for insolvency protection. De Beers 1Q sales volume +19% to 8.9M cts.; lowers 2020 production guidance to 25-27M cts. as Debswana mines on care and maintenance in April. JBT anticipates spike in closures after US jewelry trade shrinks 4% to 24,280 businesses in 1Q. JCK Las Vegas and Luxury 2020 shows canceled. Yoram Dvash elected acting WFDB president as Ernie Blom steps down. Rapaport Flash Sale Jewelry Auction – Tuesday, May 5 and Wednesday, May 6.

Fancies: Fancy shapes sluggish amid lockdown of US retail. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Businesses under pressure as retail stores and diamond trading centers remain closed. Concerns about pending wave of bankruptcies. Jewelers Board of Trade reports many companies discontinued in the first quarter. Cancellation of JCK Las Vegas and Luxury shows reflects weak outlook for rest of the year.

Belgium: Bourses remain shut while Europe battles coronavirus. Rough market at a standstill. Polished shipments slump in March with exports to US down 47% to $152 million, but demand from Hong Kong showing signs of recovery.

Israel: Sector quiet as overseas retail remains shut. Bourse trading floor closed until further notice. Government partially relaxes restrictions on movement but still limiting business activities and advising people to stay at home. Rapaport Single Stone Auction in Israel April 22-27.

India: Manufacturing and trading on hold as country remains under lockdown. Surat polishing industry and Bharat Diamond Bourse shut until May 3 at the earliest. Rupee slumps to record low of $76.88/$1, putting additional pressure on domestic demand.

Hong Kong: Gradual resumption of activity but diamond trading slow due to shutdowns in other diamond centers. Hong Kong retail quiet amid drop in tourism and weak local sentiment. Luk Fook same-store sales down 57% in three months ending March 31.
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Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Moderátor
Financial Data
Metals
Gold 1,707.63 -0.45%

Silver 15.07 -0.90%

Platinum 766.85 +0.20%

Palladium 1,923.03 -0.32%


Currencies
Euro $1.09 +0.29%

Pound $1.25 +0.42%

Yuan($) 7.08 -0.05%

Rupee($) 76.06 -0.12%


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. $124.99 -1.08%

Signet Jewelers $8.23 +8.15%

Chow Tai Fook HKD 6.38 +1.43%

LVMH €350.00 +2.68%

Petra Diamonds GBX 2.27 +4.13%
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Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Moderátor
Financial Data
Metals
Gold 1,716.99 +0.23%

Silver 15.35 +0.22%

Platinum 778.60 -0.45%

Palladium 1,976.23 +1.10%


Currencies
Euro $1.09 +0.13%

Pound $1.25 +0.08%

Yuan($) 7.05 -0.33%

Rupee($) 75.15 -0.18%


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. $127.36 +0.64%

Signet Jewelers $10.39 +10.30%

Chow Tai Fook HKD 6.62 +1.07%

LVMH €350.95 +2.96%

Petra Diamonds GBX 2.31 -2.94%
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Rapaport Weekly Market Comment
Apr 30, 2020 11:02 AM By Rapaport News

Diamond trading limited as some centers start to ease lockdown restrictions. Dealers and manufacturers focusing on how to reduce inventory, with more than enough rough and polished in the pipeline to satisfy demand. Outlook uncertain as US economy shrinks 4.8% in 1Q. Miners cut 2020 production plans and India prepares voluntary 30-day pause in rough imports. Marketers to focus on bridal as pandemic highlights important relationships. De Beers expects tighter consumer budgets will signal shift to fewer, better-quality diamond purchases. Rapaport Flash Sale Jewelry Auction – May 5-6 (Tue.-Wed.). New TradeSheet featuring Rapaport Discount Prices launched today.

Fancies: Fancy shapes sluggish amid lockdown of US retail. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Dealer market quiet as New York remains in lockdown. US consumer sentiment plunges amid high unemployment, with Conference Board Consumer Confidence Index down 27% to 86.9 in April, its lowest reading in nearly six years. Some states mull reopening economy, but non-essential retail still shut. Mall-based jewelers most vulnerable to prolonged slowdown.

Belgium: Government okays business activity to restart on May 4. Very little appetite for rough. Dealers anticipate limited new rough supply in next two months. Belgium 1Q polished exports -45% to $1.7B, rough imports +2% to $2.1B.

Israel: Some dealers return to offices as government eases restrictions. Bourse trading floor remains closed. Full lockdown reinstated for Independence Day celebrations. Rapaport single-stone auction in Ramat Gan demonstrates desire to generate liquidity with sales of $637,000.

India: Mumbai trading and Surat manufacturing remain on lockdown. Deep liquidity concerns. National banks expected to curb lending as they reportedly write off INR 68.6 billion ($9.2 billion) in bad loans countrywide. Manufacturers set to avoid rough purchases to focus on depleting large polished inventories. Cutters have enough rough to resume factory operations, but plan very gradual restart due to required social-distancing measures and low demand.

Hong Kong: Gradual reopening of the economy in both mainland China and Hong Kong. Very little traffic between the two as quarantine measures for arrivals remain in place. Some pent-up demand for luxury products, but overall consumer spending cautious. Dealer market starting to take orders again with limitation on deliveries from overseas.
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Múdry sa teší objaveniu pravdy, hlupák falošnosti.
Moderátor
Rapaport Weekly Market Comment
Apr 30, 2020 11:02 AM By Rapaport News

Diamond trading limited as some centers start to ease lockdown restrictions. Dealers and manufacturers focusing on how to reduce inventory, with more than enough rough and polished in the pipeline to satisfy demand. Outlook uncertain as US economy shrinks 4.8% in 1Q. Miners cut 2020 production plans and India prepares voluntary 30-day pause in rough imports. Marketers to focus on bridal as pandemic highlights important relationships. De Beers expects tighter consumer budgets will signal shift to fewer, better-quality diamond purchases. Rapaport Flash Sale Jewelry Auction – May 5-6 (Tue.-Wed.). New TradeSheet featuring Rapaport Discount Prices launched today.

Fancies: Fancy shapes sluggish amid lockdown of US retail. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Dealer market quiet as New York remains in lockdown. US consumer sentiment plunges amid high unemployment, with Conference Board Consumer Confidence Index down 27% to 86.9 in April, its lowest reading in nearly six years. Some states mull reopening economy, but non-essential retail still shut. Mall-based jewelers most vulnerable to prolonged slowdown.

Belgium: Government okays business activity to restart on May 4. Very little appetite for rough. Dealers anticipate limited new rough supply in next two months. Belgium 1Q polished exports -45% to $1.7B, rough imports +2% to $2.1B.

Israel: Some dealers return to offices as government eases restrictions. Bourse trading floor remains closed. Full lockdown reinstated for Independence Day celebrations. Rapaport single-stone auction in Ramat Gan demonstrates desire to generate liquidity with sales of $637,000.

India: Mumbai trading and Surat manufacturing remain on lockdown. Deep liquidity concerns. National banks expected to curb lending as they reportedly write off INR 68.6 billion ($9.2 billion) in bad loans countrywide. Manufacturers set to avoid rough purchases to focus on depleting large polished inventories. Cutters have enough rough to resume factory operations, but plan very gradual restart due to required social-distancing measures and low demand.

Hong Kong: Gradual reopening of the economy in both mainland China and Hong Kong. Very little traffic between the two as quarantine measures for arrivals remain in place. Some pent-up demand for luxury products, but overall consumer spending cautious. Dealer market starting to take orders again with limitation on deliveries from overseas.
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Rapaport Weekly Market Comment
May 7, 2020 11:02 AM By Rapaport News

Trading limited but sentiment up slightly as Antwerp prepares to reopen trading floors on May 11. Select services returning to Israel Diamond Exchange. New York still on lockdown, restricting US diamond activity. 1 ct. RAPI +0.2% in April. Manufacturers curtailing rough purchases to ease liquidity pressure and focus on depleting polished inventories. Alrosa expected to reduce 2020 production guidance after suspending operations at two lower-grade mines. Gradual reopening of economy in China signals some pent-up demand in bridal and among female self-purchasers. COVID-19 crisis accelerating shift to digital consumption. Pandora 1Q revenue -13% to $606M, online sales +29%. Baselworld cancels show scheduled for Jan. 28, 2021.

Fancies: Fancy shapes sluggish amid lockdown of US retail. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: New York’s 47th Street very quiet with non-essential businesses limited to minimum operations or remote work. Polished imports from Belgium plunged 98% to $6.9 million in April, according to data from Antwerp World Diamond Centre (AWDC). Some states allowing retail to resume. Signet Jewelers reports 130 of its nearly 3,000 US stores back to operating at partial capacity. Jewelers relying on social media channels, phone and video calls to connect with consumers.

Belgium: Government urges caution as bourses prepare to reopen next week. Rough market at a standstill during De Beers sight week, as Indian manufacturers plan to freeze buying from May 15. Rough exports fell by 96% to $35 million and polished imports by 89% to $95 million in April.

Israel: Diamantaires returning to their offices, but activity low. Some orders from Far East. Diamond exports declined 82% in April. Certain facilities have resumed operations at the bourse, including customs, the diamond comptroller’s office, banks, the post office and the Brinks safety deposit room. Trading floor remains shut.

India: Dealers and manufacturers trying to clear exports to Hong Kong as authorities extend lockdown by two weeks. Eight manufacturing units in Surat Special Economic Zone (SEEPZ) get green light to resume limited operations. Cutters planning 30-day moratorium on rough imports from May 15. Polished exports to Belgium slide 99.9% to just $146,000 in April, reports AWDC.

Hong Kong: Economy carefully reopening in both Hong Kong and China. Some orders from dealers, but demand weak. Global travel and shipment restrictions still curbing activity. Jewelers pushing online sales as stores work to overcome impersonal social distancing measures.
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Rapaport Weekly Market Comment
May 14, 2020 11:02 AM By Rapaport News

Diamond companies slowly resuming operations. Focus on China and Hong Kong as exports recommence. Some US retailers opening amid significant changes to customer engagement in new digitized, low-touch economy. Major jewelers returning memo inventory and trying to revise supply agreements to include longer payment terms. Dealer market facing liquidity crunch. Rough trading at a near standstill, with enough goods available to satisfy 2Q and 3Q demand. Alrosa in talks to sell $500M-$1B of rough to Gokhran as April revenue -95% to $16M. De Beers launches e-commerce platform for rough sales. Belgium April polished exports -84% to $132M, rough imports -84% to $126M. Rapaport announces certified diamond auction June 8-10 with delivery to Hong Kong.

Fancies: Fancy shapes sluggish amid lockdown of US retail. Weakness across all categories, including top makes and large sizes, as luxury brands temporarily shut stores. Downtrend due to external forces beyond industry’s control and affecting all products. Inventory still low in some categories of Pears and Ovals, but very little demand. High availability of other categories, with Cushions showing similar price declines to rounds. Off-make, poorly cut fancies illiquid and difficult to sell.

United States: Retailers gradually reopening stores as restrictions ease in some states. New York diamond district still shut. COVID-19 crisis accelerating shift to online spending. E-commerce sales up 49% in April compared to previous month, according to Adobe Analytics. Sotheby’s and Christie’s reconsidering June New York Magnificent Jewels auctions while offering more high-end diamonds and jewelry on virtual platforms. Christie’s expects $1M-$2M for emerald-cut, 28.86-carat, D, VVS1 at its next Jewels Online sale.

Belgium: Trading halls and customs resume activity, fueling some hope for improved business as diamantaires return to their offices. Dealers still cautious as sales volumes remain low. Weak US demand and concerns about second wave of coronavirus infections in Far East creating challenges for polished suppliers.

Israel: Economy cautiously reemerging from shutdown. Trading remains slow due to constraints on major retail markets. Israel Diamond Exchange calls for government support of the industry. Bourse repurposes International Tender Center as safe working room for members during coronavirus.

India: Countrywide lockdown still in place. Authorities allow Mumbai diamond and jewelry companies to resume operations, with social distancing measures restricting workforce to 10%. Exports have also recommenced, mainly to Hong Kong. Manufacturing limited; some factories given special dispensation to operate. Voluntary suspension of rough imports to take effect on May 15.

Hong Kong: Economy continues to reopen. Hong Kong becomes the major post-coronavirus diamond trading center. Large shipments of diamonds coming in from India, which is still in lockdown. Polished imports fell 54% to $2.3 billion in first quarter. Some concern about potential second wave of COVID-19 infections, but retail slowly improving amid new social distancing measures. Chinese consumers focused on daily necessities rather than dining, tourism or luxury spending.
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