Diamond News
Rapaport Weekly Market Comment: Polished trading slower than expected after Hong Kong show. Shortages...
RapaportRapaport Weekly Market Comment: Polished trading slower than expected after Hong Kong show. Shortages supporting prices as manufacturers ramp up polished production. Good demand for dossiers. Lower colors hot in carat sizes. China outlook positive, but Jan.-Feb. retail sales +9.7%, slightly below expectations. Signet Jewelers investing in online and off-mall to restore growth, as shares tumble -20% after FY2018 sales -2% to $6.3B, profit -4% to $519M. Gem Diamonds 2017 revenue +27% to $214M, profit of $21M vs. $140M loss, sells 910 ct., D, type IIa Lesotho Legend for $40M ($43,956/ct.). US Feb. polished imports +3% to $1.8B, polished exports +22% to $1.5B. Read More: http://ow.ly/Fpo030iXV9c
