Rapaport TradeWire November 16, 2017

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Rapaport Weekly Market Comment

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Sentiment improves, with wholesale jewelers busy
filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales
signal strong mobile buying for upcoming holiday season. Polished trading
stable. Rough market cautious, with low profitability after $455M De Beers
sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva
auctions disappoint. Christie’s sells $106M (75%…

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Rapaport Weekly Market Comment

Tags

, ,

Sentiment improves, with wholesale jewelers busy
filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales
signal strong mobile buying for upcoming holiday season. Polished trading
stable. Rough market cautious, with low profitability after $455M De Beers
sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva
auctions disappoint. Christie’s sells $106M (75%…

from Rapaport – News http://ift.tt/2iormzO
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Sentiment improves, with wholesale jewelers busy
filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales
signal strong mobile buying for upcoming holiday season. Polished trading
stable. Rough market cautious, with low profitability after $455M De Beers
sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva
auctions disappoint. Christie’s sells $106M (75%…

from Rapaport – News http://ift.tt/2iormzO
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Sentiment improves, with wholesale jewelers busy
filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales
signal strong mobile buying for upcoming holiday season. Polished trading
stable. Rough market cautious, with low profitability after $455M De Beers
sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva
auctions disappoint. Christie’s sells $106M (75%…

from Rapaport – News http://ift.tt/2iormzO
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Sentiment improves, with wholesale jewelers busy
filling Christmas orders. Record $25.3B Alibaba Singles’ Day (11/11) sales
signal strong mobile buying for upcoming holiday season. Polished trading
stable. Rough market cautious, with low profitability after $455M De Beers
sight. High polished inventory sinks Sarine 3Q sales -35% to $11M. Geneva
auctions disappoint. Christie’s sells $106M (75%…

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Ruby Demand Robust at Gemfields Sale

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RAPAPORT… Gemfields sold $55 million worth of rough rubies in
Singapore last week, the highest revenue figure the company has achieved for
any auction to date.

“The strong revenues from this auction…underscore the fact
that market demand for responsibly sourced rubies from Mozambique remains in
fine fettle,” said Sean Gilbertson, who took over as CEO of Gemfields following
the miner’s J…

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Authorities Release Causes of Fatal Alrosa Flood

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RAPAPORT… A commission analyzing causes of a fatal flood at Alrosa’s Mir mine has identified 16 company officials whose errors led to the accident.

Management of the Russian miner is now required to determine
in what way each of the people was personally responsible for the August flood, which killed eight workers, Alrosa said last week.

Both technical and organizational factors, a…

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Multifaceted Millennials

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RAPAPORT… The future of our industry will depend on our success in enrolling the largest living generation: the millennials. Millennials are, in fact, one of the largest generations in history, and they are about to enter their spending years. But it’s a mistake to assume that this army of consumers is one unitary target. Given that they’re generally categorized as born between 1980 and 2000, it…

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Pink Diamond Disappoints at Sotheby’s Auction

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RAPAPORT… The world’s largest known fancy intense pink diamond failed
to sell at a disappointing Sotheby’s Geneva auction Wednesday, in which several
star items did not find a buyer.

Bidding on the cushion modified brilliant-cut, 37.30-carat,
VS1-clarity Raj Pink started at $10 million (CHF 9.9 million), but stalled at $14.1
million (CHF 14 million), Reuters reported. Sotheby’s had estim…

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