Diamond News
Rapaport Weekly Market Comment: Diamond markets seasonally quiet with polished inventory rising after...
RapaportRapaport Weekly Market Comment: Diamond markets seasonally quiet with polished inventory rising after slow summer. Dealers hoping Hong Kong show will increase polished trading as Chinese retail jewelry sales improve. Rough demand expected to soften at next week’s De Beers sight, with lower prices for boxes on the secondary market. Signet Jewelers seeks to boost sales with deal to buy e-commerce retailer James Allen for $328M. Signet 2Q revenue +2% to $1.4B, profit +14% to $93M. Tiffany 2Q sales +3% to $960M, profit +9% to $115M. India July polished exports flat at $1.6B, rough imports -6% to $1.3B. US June polished imports -3% to $1.7B. Israel 1H polished exports -3% to $2.5B, rough imports -6% to $1.5B. Read More: http://ow.ly/X2sf30eEnsZ
