Early Black Friday figures claiming to signal how well the holiday period is progressing should be ignored as initial numbers fail to accurately predict the actual sales, according to FiveThirtyEight.com.
First round of news stories on Thursday evening or Friday are driven “almost entirely...
Rapaport Weekly Market Comment: Rapaport calls for resignation of De Beers CEO and 30-50% rough price cut to inject liquidity and profits into diamond trade. De Beers stops buying and paying Botswana for rough, 2H15 De Beers rough sales expected to plummet at least 60%, possibly 70% Y/Y. (See Rough Bubble Bust article.) U.S. retail okay as holiday season starts. Dealers hope for last-minute orders but concerned as jewelers inventories are high. ALROSA 3Q sales -4% to $619M, loss -47% to $231M, inventory ~20M cts. worth ~$1B ($50/ct.). Signet 3Q sales +3% to $1.2B, profit of $15M vs. loss of $1.3M. Tiffany 3Q sales -2% to $938M, profit +137% to $91M. Chow Tai Fook 1H sales -4% to $3.6B, profit -43% to $201M. Read here: http://ow.ly/V6OUo
Welcome to the official Google+ page of the Rapaport Group.
The Rapaport Group is an international network of companies providing added value services that support the development of free, fair and competitive global diamond markets.
The Rapaport Group, founded by Martin Rapaport, published the first Rapaport Diamond Price List in 1978 which is today the global benchmark for diamond prices. Today the group activities include publishing the Rapaport Magazine, diamond trading networks, research and marketing services, global rough and polished diamond auctions, diamond certification, quality- control, compliance, shipping, and financial other services. The group is also committed to the development of markets for Fair Trade Diamonds and Jewelry, as well as the creation of diamond futures markets.
Rapaport Price List - The primary source of diamond prices and market information worldwide.
Rapaport News – 24/7 on diamonds.net, plus daily Newsbrief and weekly TradeWire®
Rapaport Magazine - Monthly news and feature magazine
Research - Research and information services
Rapaport International Diamond Conference – each year in the USA
RapNet – Rapaport Diamond Trading Network - The world’s largest online diamond trading network
Auctions - Melee, Single Stone and Certified Diamond auction held monthly worldwide
Buyers Groups - Your way to meet the best buyers and suppliers. Private shows.
China Diamond Import Services – The safe and secure diamond import service to China
Laboratory Services – GIA and AGS in India, Antwerp and Israel
Fair Trade – Advocating the establishment of Fair Trade and Fair Made diamond, gem and jewelry products and markets