Market Pulse

  • Market focused on jewelry retail as Christmas approaches.
  • Brands targeting female self-purchasers and enhancing omni-channel platforms to drive growth.
  • Diamond market stable.
  • Rough trading cautious as manufacturing profit is tight and inventory high, despite seasonal demand.
  • Signet Jewelers 3Q sales +3% to $1.2B, net loss of $38M.
  • Christie’s NY fetches $62.2M (83% by lot), with cushion, 8.08 ct., fancy-vivid-blue, VS2 Bulgari ring selling for $18M ($2.3M/ct.).
  • Sotheby’s NY sells $46.4M (89% by lot), led by cushion, 51.52 ct., F, IF Harry Winston ring that sold for $4M ($77,154/ct.).

Market Pulse Fancies

  • Fancy-shape market stable, driven by US and European demand for fashion jewelry.
  • Ovals and Cushions are best sellers, followed by Emeralds and Pears. Supply shortage supporting prices for Pears. Radiants improving.
  • Marquises and Princesses weak.
  • Oversizes selling well.
  • Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with prices firming for 3 to 5 ct. due to shortages. Chinese consumers seeking fancy shapes at better prices.
  • US supporting market for commercial-quality, medium-priced fancies under 1 ct. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.

Market Pulse United States

  • Market driven by last-minute orders before Christmas.
  • General retail holiday sales good, but slightly down from last year.
  • Dealers starting to see sales of goods sent on memo.
  • Steady demand for 1 ct., G-I, VS-SI diamonds.
  • Consumers seeking diamond studs, pendants and bracelets, while stacking and layering remains a strong fashion trend.

Market Pulse Belgium

  • Positive sentiment, with steady last-minute orders for the holiday season.
  • Good European demand, particularly for 1 to 3 ct., G-K, VS-SI diamonds.
  • Larger fancy shapes also moving well, with improvement in princess and ovals.
  • Far East buyers price-sensitive and willing to compromise on color and clarity.
  • Rough trading quiet during Alrosa sale, which began December 5, and ahead of next week’s De Beers sight.

Market Pulse Israel

  • Active trading, but US demand quieter since jewelers are focused on selling rather than buying.
  • Mediocre Hong Kong show demonstrates selective and price-sensitive Chinese interest.
  • Large available inventory of 0.30 to 0.40 ct. exerts price pressure.
  • Steady interest in 1 ct., G-J, VS-SI.
  • Some suppliers closing overseas offices to cut costs and improve profit margins.

Market Pulse India

  • Market improving, with noted presence of Chinese and Israeli dealers looking for goods.
  • SI3-I1 clarities moving better.
  • Buyers pushing for higher discounts and prepared to wait for the right price.
  • Manufacturers operating at reduced capacity, and rough trading restrained ahead of De Beers sight.
  • Local jewelry market stable during ongoing wedding season.

Market Pulse Hong Kong

  • Positive sentiment amid stable polished trading.
  • Last week’s show didn’t stimulate significant market improvement.
  • Jewelers looking for inventory ahead of Chinese New Year season.
  • Good demand for 1 ct., D-J, VS-SI (3X, no-fluorescence).
  • Some concern of slowdown due to weaker currency and impact of trade war.