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Rapaport Market Report
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Rapaport市場報告
Low Expectations for Hong Kong Show
Jun 13, 2013 6:00 PM
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Stable U.S. demand supporting the market, while China seasonally quiet with continued strong demand for 0.30-0.90ct., VS-SI, 3X goods. Low expectations for next week’s Hong Kong show. Indian trading softens as rupee slumps to record low (58.9/$1) with jewelers under pressure as govt. raises gold import duty from 6% to 8%. Israeli trading slows as tax authority investigations resume. De Beers sight est. at $540M with stable prices and slightly weaker assortments. Belgium’s May polished exports +8% to $1.3B., rough imports -5% to $1.1B. India’s April polished exports +37% to $1.8B., rough imports +22% to $1.9B. NY industry mourns the passing of Alexander Hasenfeld.
Fancies: Fancy markets OK but not enjoying significant Far East demand as rounds. Lower fancy shape price points attracting price sensitive buyers. Strong demand for under the carat Princess cuts with Pears and Ovals catching up. Cushions relatively weak but doing better as oversupply eases. Marquise weak. Improving demand for fancies at attractive price points encouraging U.S. buyers. Extreme price differentials between excellent/fine and average cut fancy shapes.
Global Markets
United States: The New York diamond market is relatively busy for commercial goods, but demand for big stones is weak. Dealers are primarily engaged in post-Vegas show follow-up activity. There is some expectation that wholesale jewelers will replenish inventory in the coming months after reporting steady orders from their retail customers at the Las Vegas shows. Commercial SI and lower clarity goods continue to be strong sellers while there is weak demand for better-quality VVS goods. There is also good demand for off sizes of 2.5-carat and 3.5-carat, G-J, SI1-SI2, while triple EX goods continue to garner a premium. Retail jewelers are exhibiting cautious confidence on better economic sentiment.
Belgium: Polished trading is stable but relatively weak due to continued Euro-zone uncertainty. Dealers report steady U.S. demand and a more cautious Far East market. Buyers are holding back from making large-scale purchases while there is steady demand for 0.30-0.60-carat, VS-SI goods. Demand for large, commercial stones is relatively weak. Rough trading is slow but stable with dealers waiting to assess goods that come to market after this week’s De Beers sight.
China: The wholesale market is quiet with some buyers waiting for next week’s Hong Kong Jewellery & Gem Fair (June 20-23), to make their purchases. However, they remain cautious and are not expected to engage in large-scale inventory buying. There is continued good demand for certified 0.30-0.40 carat, G-H, VS-SI category stones as these goods have become more prevalent for use in engagement rings.
Hong Kong: Polished trading is quiet with low expectations for next week’s Hong Kong fair, which is the smallest of the three local trade shows. There is some hope that the show will attract an influx of foreign buyers to revive the market as overall demand remains guarded. There is good demand for 0.80-1.20 carat, G-H, VS-SI goods and overall steady prices seen in the market.
India: Polished trading is slowly improving as dealers and manufacturers return from their summer vacations and from the Las Vegas shows. However, the market is still very concerned, with domestic demand negatively impacted by the volatile rupee, which sunk to a record low of INR 58.98 / $1 this past week. Wholesale jewelers have also grown conservative after the government raised the import duty on gold from 6 percent to 8 percent this week and implemented other restrictions on gold imports. Similarly, rough trading is subdued due to the volatile currency and tight liquidity among cutters. Manufacturing levels remain below capacity.
Israel: Dealers returned from Vegas in positive mood even if trading at the show was relatively slow. They’re encouraged that there is steady demand in the U.S., which is Israel’s largest market, with a positive outlook for the second half of the year. However, polished trading in the bourse remains quiet. While there is steady demand for select items, it is difficult to find the right goods due to slow manufacturing in the past few months. There is good demand for VS-SI and triple EX stones.
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Stable U.S. demand supporting the market, while China seasonally quiet with continued strong demand for 0.30-0.90ct., VS-SI, 3X goods. Low expectations for next week’s Hong Kong show. Indian trading softens as rupee slumps to record low (58.9/$1) with jewelers under pressure as govt. raises gold import duty from 6% to 8%. Israeli trading slows as tax authority investigations resume. De Beers sight est. at $540M with stable prices and...
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June 14 - 23, 2013
Rapaport Melee Auction
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June 16 - 19, 2013
Rapaport Single Stone Auction
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July 2 - 10, 2013
Rapaport Single Stone Auction
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July 23 - 25, 2013
Rapaport Melee Auction
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July 28 - 30, 2013
JA New York Summer Show
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August 8 - 12, 2013
IIJS India International Jewellery Show
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August 20 - 28, 2013
Rapaport Single Stone Auction
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August 24 - 26, 2013
The Smart Jewelry Show - Dallas
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August 26 - 29, 2013
Rapaport Melee Auction
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September 1 - 4, 2013
International Jewellery London
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September 4 - 15, 2013
Rapaport Melee Auction
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September 11 - 17, 2013
Hong Kong Jewellery & Gem Fair
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September 28 - 30, 2013
Jewellery Wonder 2013
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October 3 - 9, 2013
Rapaport Single Stone Auction
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October 8 - 16, 2013
Rapaport Melee Auction
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October 22 - 30, 2013
Rapaport Single Stone Auction
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November 12 - 20, 2013
Rapaport Single Stone Auction
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November 19 - 28, 2013
Rapaport Melee Auction
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December 3 - 11, 2013
Rapaport Single Stone Auction
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December 4 - 7, 2013
Dubai International Jewellery Week
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