Stock Articles

The Price of Silver Could Pop Following the December FOMC Meeting

December 4, 2018 / Peter Krauth

Peter KrauthAfter a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge.The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally.Washington and Beijing announced a "90-day truce" in their trade war, whereby both sides have promised not to escalate tariffs any further as they work diligently to r...Read More

Silver about to blast off from bearish pattern?

Dec 4, 2018 / Chris Kimble

Silver looks to be creating a bearish pattern over the past few years. Could this bearish pattern end up being bullish for Silver?This chart takes a look Silver on a monthly since the 1970's. Numerous times Silver created a bearish ascending triangle at each (1). When this pattern forms, the majority of the time the asset falls in price by a large percent.Silver bucked the odds at each (1) and bro...Read More

Sales Rise at India's Asian Star

Dec 04, 2018 / Rapaport News

RAPAPORT... Sales and profit grew at Indiandiamond manufacturer Asian Star in the second fiscal quarter amid improvedjewelry exports and a strong performance at its Dubai trading unit.The Mumbai-based group saw strong margins in its jewelry division, especially the export business, Pranav Kapadia, Asian Star's chief manager for accounts and tax, told Rapaport News. It also enjoyed a robu...Read More

Chow Tai Fook, Swarovski Back Sourcing Program

Dec 04, 2018 / Rapaport News

RAPAPORT... Chow Tai Fook and Swarovski have led a consortium ofinvestors in a digital jewelry program that claims to reduce sourcing time byup to 80%. Atelier Technology - which launched in January - aimsto connect the supply chain and eliminate unnecessary administration, therebybringing more products to market at a faster rate, it said Tuesday. Five jewelershave made an undisclosed investm...Read More

18ct. Diamond Smashes Estimate at Bonhams

Dec 04, 2018 / Rapaport News

RAPAPORT... An 18.04-carat diamond fetched $828,500 at Bonhams on Monday,exceeding its presale estimate of $400,000 to $600,000, Bonhams said Tuesday. The emerald-cut, G-color, VS2-clarity ring flanked bytrillion-cut diamonds led the company's New York Fine Jewelry sale. Itwas the first time the stone - which was from a private collection - had appearedat auction. "We saw some fierce bidding...Read More

Small-Diamond Slump to Pressure Manufacturers

Dec 04, 2018 / Rapaport

RAPAPORT PRESS RELEASE, December 4, 2018, New York... The sharp decline in prices of small, low-value diamonds will exert further pressure on India's manufacturing sector, according to the latest issue of the Rapaport Research Report. Prices in some categories have dropped by up to 20% in 2018 due to an oversupply and weaker demand.The report, "A Crisis in Melee," outlines four factors influe...Read More

Chow Tai Fook Reports 20% Revenue Increase, Profits Up 9%

December 04, 18 / Albert Robinson

(IDEX Online) - Chow Tai Fook Jewellery Group Limited posted a 20% increase on the year in revenue to HK$29.7 billion ($3.8 billion) in its interim results for the six months ended 30 September. The jeweler said the results were due to stabilizing consumer demand and reviving Mainland [China] visitation which fuelled the jewelry market. Profit increased by 8.8% to HK$1.94 billion (...Read More

Hong Kong Posts Rise In Sales Of Jewelry, Watches, Valuable Gifts

December 04, 18 / Staff Reporter

(IDEX Online) - Sales of jewelry, watches, clocks and other valuable gifts in Hong Kong increased by 3.3% on the year in October to HKD 6.868 billion ($878 million), reported the Census and Statistics Department. The rise was higher than that recorded in September when Typhoon Mangkhut hit Hong Kong and the increase in jewelry sales was 2.2%. For the first 10 months of this year, th...Read More

WFDB Blom: Indications of Strong Industry End-Of-Year Results

December 04, 18 / Albert Robinson

(IDEX Online) - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks. India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US ret...Read More