Rapaport Weekly Market Comment

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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 clos…

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Rapaport Weekly Market Comment

Tags

, ,

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 clos…

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

Rapaport Weekly Market Comment

Tags

, ,

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 clos…

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

Rapaport Weekly Market Comment

Tags

, ,

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 clos…

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

Rapaport Weekly Market Comment

Tags

, ,

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 clos…

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

Chow Tai Fook Enjoys Continued Sales Bounce

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RAPAPORT… Chow Tai Fook’s sales jumped in the second fiscal quarter,
confirming the Hong Kong-based jeweler’s recovery following a slump in the
Greater China market.

Retail sales rose 15% year on year in mainland China and by 12% in
Hong Kong and Macau in the three months ending September 30, the
company reported Wednesday. Same-store sales — at outlets that were open for at least one yea…

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Dubai Factory to Cut 813ct. Constellation Diamond

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RAPAPORT… Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond. Almas Diamond Services set up the factory at an investment of $1.8 million, funded by Nemesis International, a local rough dealership. The facility will focus on stones above $25,000 per carat, with Almas offering boilin…

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De Grisogono Diamond Set to Sell for Over $30M

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RAPAPORT… The owners of a historic emerald-cut diamond are expecting the jewel to sell for more than $30 million when it goes under the hammer at Christie’s Geneva next month.The 163-carat, D-flawless diamond, known as The Art of de Grisogono Creation 1, was presented at the Dubai Diamond Conference on Tuesday, initially in its necklace setting (pictured below) and then as the centerpiece of a b…

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Dubai Bank Seeks Antwerp Diamond Clients

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RAPAPORT… The National Bank of Fujairah (NBF) is planning to open a representative office in Antwerp as it looks to capitalize on the decline in financing to the Belgian city’s diamond sector.“I’ve been pushing for the move for a long time because there’s an opportunity to cherry-pick some clients,” Davy Blommaert (pictured), head of diamond lending at NBF, told Rapaport News on the sidelines of…

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E-commerce Site Aggregates Small Jewelers’ Stocks

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RAPAPORT… Bright Society, a new watch-and-jewelry website,
launched earlier this month, providing a platform on which small, independent jewelers
across the US can sell items directly to consumers.

The site aggregates jewelers’ collections, enabling customers
to find a broad range of fine jewelry and luxury watches in one place, the
company said. Bright Society is being developed by White…

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