{"id":3369,"date":"2019-01-07T15:46:42","date_gmt":"2019-01-07T15:46:42","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3369"},"modified":"2019-01-07T15:46:42","modified_gmt":"2019-01-07T15:46:42","slug":"israel-diamond-exchange-ide-to-hold-its-first-tender-of-israeli-polished-goods","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/israel-diamond-exchange-ide-to-hold-its-first-tender-of-israeli-polished-goods\/","title":{"rendered":"Israel Diamond Exchange (IDE) to hold its first tender of Israeli polished goods"},"content":{"rendered":"<p><strong>Diamond News<\/strong><\/p>\n<p>i.The Israel Diamond Exchange (IDE) will hold its first tender of Israeli polished goods during the International Diamond Week in Israel (IDWI). The tender, managed by KOIN International, will be held during 27th to 31st January at IDE\u2019s International Tender Center.<\/p>\n<p>ii. Jewelry sales at Titan Company increased during the third fiscal quarter indicating strong\u00a0demand for branded jewelry during the Diwali and Dussehra festival period. Titan expects\u00a0jewelry sales to rise 22% for the full fiscal year to March 31.<\/p>\n<p>iii. Retail sales of jewelry and other luxury items in Hong Kong declined for the first time in 17\u00a0months as global economic uncertainties impacted consumer sentiment. Revenues from\u00a0jewelry, watches, clocks and other valuable gifts dropped 3.9% to HKD 5.88 billion ($750.8\u00a0million) in November. Sales in all retail categories increased 1.4%, but growth was the slowest in more than 12 months.<\/p>\n<p><strong>Weekly Market Summary:<\/strong><\/p>\n<p>Diamond trade ends relatively good year with 1 ct. RAPI +0.7% despite weak 2H. Diamond\u00a0manufacturers cautious amid expectations of continued midstream consolidation due to\u00a0bankruptcies and mergers. Dealer market quiet over New Year holiday. Polished suppliers start\u00a02019 with high inventory of small goods up to 0.30 ct. Total diamonds listed on RapNet +24%\u00a0year on year to 1.5M on Jan. 1. Positive US holiday season sees strong store and web traffic.<br \/>\nRetail outlook optimistic, boosted by tax reforms and low unemployment, but stock-market\u00a0volatility, higher interest rates and US-China trade tariffs may slow luxury spending.<\/p>\n<p><strong>Fancies:<\/strong> Fancy-shape market stable, driven by US and European demand for fashion jewelry.\u00a0Ovals are best sellers, followed by Emeralds, Cushions and Pears. Supply shortage supporting\u00a0prices for Pears. Radiants improving. Marquises and Princesses weak. Oversizes selling well.\u00a0Steady 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.<\/p>\n<p><strong>United States:<\/strong> Wholesale market quiet, with businesses slowly returning from Christmas-New\u00a0Year vacation. Initial holiday retail reports positive, but growth slower than in 2017. Trading\u00a0expected to increase in January following decline in inventory levels during holiday season.\u00a0Consumer confidence fell 7% in December to its lowest level in five months, according to the\u00a0Conference Board, reflecting concern that economic growth would slow in the first half.<\/p>\n<p><strong>Belgium:<\/strong> Most businesses closed over New Year. Dealers assessing first-quarter inventory needs before bourses reopen on January 7.<\/p>\n<p><strong>Israel:<\/strong> Trading sluggish as suppliers wait for holiday-season results and replacement orders.\u00a0Israeli dealer-to-dealer activity continues to slow. Cautious outlook for the year amid\u00a0consolidation and rumors of layoffs. Businesses assessing new tax laws that took effect for the\u00a0diamond industry on January 1.<\/p>\n<p><strong>Diamond Report<\/strong><\/p>\n<p><strong>India:<\/strong> Polished trading down, with few foreign buyers in the market over Christmas-New Year.\u00a0Suppliers holding prices firm during lull, but willing to discount on very old stock. Manufacturers raising polished production, but wary due to high inventory levels. Consolidation expected this year as bankruptcy rumors persist. Jewelry sales stable during ongoing wedding season.<\/p>\n<p><strong>Hong Kong:<\/strong> Market quiet, with many dealers on vacation over Christmas and New Year.\u00a0Preparations under way for Chinese Lunar Festival on February 5. Jewelry manufacturing steady, with orders from the US and China staying strong despite trade war. Tourist arrivals continue, but focus turns to discount shopping rather than luxury.<br \/>\n<em>(Source: Rapaport News)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamond News i.The Israel Diamond Exchange (IDE) will hold its first tender of Israeli polished goods during the International Diamond Week in Israel (IDWI). The tender, managed by KOIN International, will be held during 27th to 31st January at IDE\u2019s International Tender Center. ii. Jewelry sales at Titan Company increased during the third fiscal quarter [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[3125,3124,3123,3126],"class_list":["post-3369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-ides-international-tender-center","tag-international-diamond-week","tag-israeli-polished-goods","tag-koin-international"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Israel Diamond Exchange (IDE) to hold its first tender of Israeli polished goods - Finance Intellect<\/title>\n<meta name=\"description\" content=\"The Israel Diamond Exchange (IDE) will hold its first tender of Israeli polished goods during the International Diamond Week in Israel (IDWI). 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