Call Us: 1-702-893-9400

Skip Navigation LinksHome Rapaport Market Report

Rapaport Market Report

Oct 19, 2017 11:00 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter
Share Share
Trading quiet due to Jewish and Indian holidays. Industry hoping stock-market wealth will boost holiday luxury spending, as Dow hits new high above 23,000. Jewelers’ holiday orders reflect lower retail inventory requirements. Bankers at Dubai conference warn of rising lending costs, inflated polished supply and excess funding. Rough trading slow with reduced premiums, as Indian factories close for Diwali. De Beers Oct. sale -25% to $370M. Chow Tai Fook 2Q China sales +15%. Ahmed bin Sulayem to replace Peter Meeus as Dubai Diamond Exchange chairman. Rapaport Group to auction 709ct. Peace Diamond in New York on Dec. 4. Rapaport wishes all our friends a happy, enlightening Diwali.

Fancies: Ovals selling well in US. Pears and Cushions steady. Squares soft, with declining interest in Princesses. US demand supporting market for commercial-quality, medium-priced fancies under 1 ct. Selective buyers of large, fine-quality fancy shapes facing limited supply. Far East demand improving as consumers seek fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.

United States: Activity mixed as dealers return from Jewish holiday vacation. Larger companies receiving steady orders, but smaller wholesalers and dealers struggling to match last year’s sales. Steady demand for VS-SI goods. IF-VVS clarities weaker. Expectations rising for holiday season among jewelers with improved omni-channel offerings.

Belgium: Polished and rough trading relatively quiet with Indian dealers on Diwali vacation. Steady US demand as jewelers prepare for holiday season. Chinese orders improving. Steady demand for commercial-quality goods above 3 carats. Dealers stuck with large polished inventory, but note shortage of top-quality SI’s. Rough market quiet over Diwali.

Israel: Market quiet as traders return to first full week of activity after nearly a month of Jewish holidays. Sentiment weak due to low profitability and rising inventory levels. Steady demand for large rough diamonds as Israel strengthens its position in big-stone niche. US orders steady, with high volume of commercial-quality goods sent on memo.

India: Market shut down for Diwali festival that began Oct. 19. Dealers expected to return Nov. 6, manufacturers on Nov. 13. Weak demand and growing inventories putting prices under pressure. Rough demand slow as factories head to Diwali with high polished inventory. Lower gold price expected to boost Diwali jewelry sales.

Hong Kong: Dealer market quiet with Indian buyers absent during Diwali. Steady demand for 1-carat, F-H, VS-SI2 (3VG to 3X) goods. Market focused on SI-I1 stones. Retailers encouraged by Oct 1. Golden Week sales and ongoing wedding season. Tourist arrivals stable during busy holiday period. Chow Tai Fook reports strong growth (+104%) in second-quarter e-commerce sales.
Email Email Print Print Facebook Facebook Twitter Twitter
Share Share

Call Us: 1-702-893-9400
Buy Sell Connect Pricing
Buy The diamonds that you want are on RapNet and buying diamonds through RapNet allows you to deal directly with sellers. No middleman, no commissions.

Get to know diamond professionals and build long-term relationships with trustworthy, reputable sellers.
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us