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Diamond News Broadcast: Industry Stocks Slump in 2011

Category Winners: DGSE, Gemfields, Gitanjali, Damiani
Jan 4, 2012 7:00 PM   By Rapaport News
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Time does make a difference for diamond industry and related stocks, only 2011 was not an exceptional year for the majority of stocks the Rapaport News team follows.   Of the 55 publically traded companies on the Rapaport Stock Tracker, only Gemfields International, Vaibhav Gems, Gitanjali Gems, C. Mahendra, Damiani, Walmart, Tiffany, Signet, Nordstrom, Movado Group, JCPenney, and DGSE Companies registered price gains during the year.  The best stock performance in 2011 came from DGSE (up 75%) for U.S. retail, Gitanjali Gems (up 43%) for Indian retail,  and Gemfields (up 52%) was the only mining company to end the year higher. 

To give an example of how widespread share price drops were in 2011, just the following 13 companies registered share losses of 50 percent or more: LJ International, Man Sang, Theo Fennell, Classic Diamond, Goenka Diamond, Titan Industries, Peregrine Diamonds, Shore Gold, Stornoway Diamond, Firestone Diamonds, Mwana Africa, Namakwa Diamonds and Stellar Diamonds.


Here is the full list:

  Dec. 30, 2011 Jan. 3, 2011    
$1 = Euro 0.772 0.751 0.021  
$1 = Rupee 53.1 44.7 8.3  
$1 = Israel Shekel 3.82 3.55 0.27  
$1 = Rand 8.08 6.63 1.45  
$1 = Canadian Dollar 1.02 0.99 0.03  
         
Precious Metals        
Gold $1,564.00 $1,421.60 $142.40  
Platinum $1,390.00 $1,769.00 -$379.00  
         
Stock Indexes        
BSE 15,454.92 20,561.05 -5,106.13 -24.83%
Dow Jones Avg. 12,217.56 11,550.00 667.56 5.78%
FTSE 5,572.28 5,899.94 -327.66 -5.55%
Hang Seng 18,434.39 23,436.05 -5,001.66 -21.34%
S & P 500 1,257.60 1,259.20 -1.60 -0.13%
Yahoo! Jewelry Index 996.93 1,077.80 -80.87 -7.50%
         
USA        
Birks & Mayors $0.99 $1.41 -$0.42 -29.79%
Blue Nile $41.00 $58.21 -$17.21 -29.57%
Charles & Colvard $2.57 $3.01 -$0.44 -14.62%
DGSE Companies, Inc. $7.47 $4.28 $3.19 74.53%
JCPenney $35.15 $32.90 $2.25 6.84%
Kohl's $49.37 $54.60 -$5.23 -9.58%
LJ International $1.92 $3.88 -$1.96 -50.52%
Macy's $32.17 $25.50 $6.67 26.16%
Man Sang $0.90 $3.00 -$2.10 -70.00%
Movado Group $18.22 $16.38 $1.84 11.23%
Nordstrom $49.70 $42.64 $7.06 16.56%
Saks $9.73 $10.82 -$1.09 -10.07%
Signet $43.94 $43.64 $0.30 0.69%
Sotheby's $28.51 $45.58 -$17.07 -37.45%
Tiffany $66.23 $61.03 $5.20 8.52%
Walmart $59.73 $54.33 $5.40 9.94%
Zale $3.82 $4.10 -$0.28 -6.83%
         
EUROPE        
Bijou Brigitte €73.80 €109.15 -€35.35 -32.39%
Damiani €0.92 €0.84 €0.08 9.52%
LVMH €109.40 €124.35 -€14.95 -12.02%
PPR €110.65 €121.15 -€10.50 -8.67%
Richemont SA CHF 47.51 CHF 55.35 -CHF 7.84 -14.16%
Swatch Group CHF 351.50 CHF 416.60 -CHF 65.10 -15.63%
Theo Fennell (pence) 13.00 65.00 -€52.00 -80.00%
         
INDIA (rupee)        
Classic Diamond 6.44 18.05 -11.61 -64.32%
C.Mahendra 133.10 111.60 21.50 19.27%
Gitanjali Gems 301.75 210.95 90.80 43.04%
Goenka Diamond 30.55 78.00 -47.45 -60.83%
Goldiam Int'l 24.40 42.30 -17.90 -42.32%
Rajesh Exports 125.30 133.05 -7.75 -5.82%
Ren. Jewellery 73.60 77.20 -3.60 -4.66%
Suashish Diamonds 100.00 172.94 -72.94 -42.18%
Su-Raj Diamonds 37.50 57.60 -20.10 -34.90%
Titan 171.00 368.00 -197.00 -53.53%
Vaibhav Gems 29.00 25.10 3.90 15.54%
         
NEW ZEALAND        
Michael Hill NZD 0.87 NZD 0.88 -NZD 0.01 -1.14%
         
MINING STOCKS        
(pence unless noted)        
CANADA        
Harry Winston CAD 10.86 CAD 11.57 -CAD 0.71 -6.14%
Lucara CAD 0.86 CAD 0.95 -CAD 0.09 -9.47%
Mountain Province CAD 3.90 CAD 6.50 -CAD 2.60 -40.00%
Peregrine Diamonds CAD 0.59 CAD 2.57 -CAD 1.98 -77.04%
Rockwell Diamonds CONSLIDATED CAD 0.55 CAD 1.05 -CAD 0.50 -47.62%
Shore Gold CAD 0.43 CAD 0.90 -CAD 0.47 -52.22%
Stornoway Diamond CONSOLIDATED CAD 0.90 CAD 2.44 -CAD 1.54 -63.11%
True North Gems CAD 0.10 CAD 0.15 -CAD 0.05 -33.33%
         
UK (pence)        
Anglo American 2379.90 3335.50 -$955.60 -28.65%
BHP Billiton 1,877.5 2,551.0 -673.5 -26.40%
Firestone Diamonds 10.1 31.9 -21.7 -68.23%
Gem Diamonds 194.2 252.3 -58.1 -23.01%
Gemfields 23.4 15.4 8.0 52.21%
Mwana Africa 4.4 10.5 -6.2 -58.57%
Namakwa Diamonds 7.9 50.0 -42.2 -84.30%
Petra Diamonds 115.0 136.0 -21.0 -15.44%
Rio Tinto plc 3,125.0 4,486.5 -1,361.5 -30.35%
Stellar Diamonds 2.9 11.0 -8.1 -73.52%



Those individuals who are involved in tracking shares and producing this video broadcast do not own shares in any of the companies listed.
Tags: diamond, India, investment, Jewelry, mining, new york, Rapaport News, retail, shares, stocks
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