Rapaport TradeWire December 14, 2017

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Rapaport Weekly Market Comment

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Diamond markets driven by last-minute Christmas orders and preparations
for Chinese New Year. US retail sentiment gets boost from economic growth,
pending tax cuts and record-high stock market (Dow at 24,666). Cost of credit
rising as Fed hikes interest rates 0.25 points based on positive job-market outlook.
Polished inventory reduced due to holiday demand and low availability of new
manufact…

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Rapaport Weekly Market Comment

Tags

, ,

Diamond markets driven by last-minute Christmas orders and preparations
for Chinese New Year. US retail sentiment gets boost from economic growth,
pending tax cuts and record-high stock market (Dow at 24,666). Cost of credit
rising as Fed hikes interest rates 0.25 points based on positive job-market outlook.
Polished inventory reduced due to holiday demand and low availability of new
manufact…

from Rapaport – News http://ift.tt/2jUjI13
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Diamond markets driven by last-minute Christmas orders and preparations
for Chinese New Year. US retail sentiment gets boost from economic growth,
pending tax cuts and record-high stock market (Dow at 24,666). Cost of credit
rising as Fed hikes interest rates 0.25 points based on positive job-market outlook.
Polished inventory reduced due to holiday demand and low availability of new
manufact…

from Rapaport – News http://ift.tt/2jUjI13
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Diamond markets driven by last-minute Christmas orders and preparations
for Chinese New Year. US retail sentiment gets boost from economic growth,
pending tax cuts and record-high stock market (Dow at 24,666). Cost of credit
rising as Fed hikes interest rates 0.25 points based on positive job-market outlook.
Polished inventory reduced due to holiday demand and low availability of new
manufact…

from Rapaport – News http://ift.tt/2jUjI13
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Diamond markets driven by last-minute Christmas orders and preparations
for Chinese New Year. US retail sentiment gets boost from economic growth,
pending tax cuts and record-high stock market (Dow at 24,666). Cost of credit
rising as Fed hikes interest rates 0.25 points based on positive job-market outlook.
Polished inventory reduced due to holiday demand and low availability of new
manufact…

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via IFTTT

Myths Busted: The Truth About Diamonds

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RAPAPORT… Myths about the industry, especially among consumers, are some of the hardest to debunk. Here, leading experts correct some common misconceptions.

Myth: Customers are significantly at risk of buying a
conflict diamond

Reality: Perhaps the most pervasive myth of all, the issue
of conflict diamonds — or “blood diamonds” — has a firm grip on the public
consciousness.

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Gemfields Owner Reduces Staff, Salaries

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RAPAPORT… Colored-gemstone producer Gemfields is taking measures to reduce debt and revive profit growth, following its acquisition by Pallinghurst Resources earlier this year.

Gemfields’ debt grew almost fivefold to about $84 million between
2014 and July 2017 when Pallinghurst acquired the colored-gemstone producer, the parent company explained in a statement. To improve efficiency, …

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Charming Charlie Chooses Chapter 11

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RAPAPORT… Houston-based retailer Charming Charlie has voluntarily filed for
Chapter 11 in a US bankruptcy court to enable it to restructure and reduce its
debts, it said this week.

The company, which focuses on fashion jewelry, handbags,
apparel, gifts and beauty products, has suffered from “adverse”
macro-conditions and “certain operational shortfalls,” its chief financial
officer…

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Diamond Midstream Improving Efficiency, Says Bain

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RAPAPORT… Tough market conditions are forcing diamond traders and
manufacturers to adjust their business models amid sluggish consumer demand, according
to a report by management consultancy Bain & Company. 
While miners’ sales of rough diamonds to the midstream
leapt 20% in 2016, global diamond-jewelry sales were stable for the year, Bain
said in this week’s report, which it prod…

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