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Rapaport Weekly Market Comment
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Polishedmarket stable and showing rise in demand for 0.30 to 0.50 ct. Reducedmanufacturing has led to shortages of top-quality RapSpec A3+ goods. Roughtrading steady after price cuts at $390M Nov. De Beers sight. Alrosa 3Q profit -44%...
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Polished Markets
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Nov 14, 2019
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Rapaport News
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India: Normality Returning After Diwali Break
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Mumbai trading back tonormal after Diwali break. Israeli and Korean buyers looking for SI and I1goods. Surat cutters to resume operations on Nov. 18. Manufacturers resistingpressure to reduce polished prices after rough declines. Volatile...
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Research
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Nov 14, 2019
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Rapaport News
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Research
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Nov 14, 2019
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Rapaport
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Research
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Nov 14, 2019
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Rapaport
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Bonhams Auctions Barbara Taylor Bradford’s Jewels
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Bonhams is set to auction jewelry from the privatecollection of international best-selling author Barbara Taylor Bradford amassed during her 57-year relationship with her movie-producer husband. A radiant-cut, 11.30-carat, fancy-yellow, VS1-claritydiamond ring, flanked by baguette-cut diamonds,...
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Rough Markets
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Nov 14, 2019
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Rapaport News
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India Polished Exports Drop
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India’s polished-diamond exports fell 15% to $1.95 billion inOctober, reflecting a 22% slide in the average price of shipments. Export volumerose 8% to 2.8 million carats, according to data from the Gem & JewelleryExport Promotion Council. The...
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Polished Markets
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Nov 14, 2019
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Rapaport News
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Cartier Bracelet Soars Past Estimate at Sotheby’s
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A sapphire and diamond bracelet fetched more than doubleits high estimate at Sotheby’s Geneva auction, selling to a female Asian collector after a bidding war. The piece contains a 47.07-carat, royal-blue Burmesesapphire center stone with high...
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Polished Markets
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Nov 14, 2019
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Rapaport News
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Michael Hill Offers Lab-Grown Collection
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Australian jeweler Michael Hill has launched a line oflab-grown diamond engagement rings priced at up to AUD 15,999 ($10,920), in aneffort to appeal to a larger consumer base. “We understand that our customers appreciate having genuineoptions when it comes...
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Retail
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Nov 13, 2019
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Rapaport News
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Rough Market Picks Up at De Beers Sight
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De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
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Rough Markets
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Nov 13, 2019
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Joshua Freedman
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Two New Governors Join GIA Board
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The Gemological Institute of America (GIA) has appointed Jeffrey Post and Tammy Storino as governors to its board, to help steer the organization’s mission andstrategic initiatives. Post, a research geologist at the SmithsonianNational Museum of Natural History,...
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Polished Markets
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Nov 13, 2019
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Rapaport News
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Synthetics vs. Natural: The Battle over Value
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In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the...
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Polished Markets
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Nov 13, 2019
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Avi Krawitz
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7ct. Blue Fetches $12M at Christie’s Geneva
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A fancy-deep-blue diamond ring by Moussaieff fetched nearly$12 million at Christie’s Geneva auction Tuesday, becoming the most expensivepiece of jewelry sold this season, the company said. The rectangular-cut, 7.03-carat, VVS2-clarity stone sold toa private...
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Polished Markets
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Nov 13, 2019
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Rapaport News
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Alibaba Sees Record Singles’ Day Sales
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Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
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Retail
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Nov 12, 2019
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Rapaport News
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Art Deco Jewels Lead Bonhams Auction
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An aquamarine and diamond necklace by Cartier will lead thesale of a selection of Art Deco jewels at Bonhams next month.The piece, dated from 1940, is set to go under the hammerestimated at GBP 100,000 to GBP 150,000 ($128,290 to $192,435), along...
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Polished Markets
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Nov 12, 2019
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Rapaport News
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Sotheby’s to Sell Rare Fancy-Color Diamond
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A rare fancy-deep-grayish-blue diamond ring with a highestimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale in NewYork next month.The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone,called the Indian Blue, is valued at $6 million to $8 million, and displays...
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Polished Markets
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Nov 12, 2019
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Rapaport News
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De Beers Sightholders Embracing Synthetics
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Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It’s been an open secret for months that majormanufacturers of natural diamonds have been...
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Polished Markets
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Nov 12, 2019
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Joshua Freedman
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Bailey Banks & Biddle Files for Chapter 11
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The parent company of Bailey Banks & Biddle, whichclaims to be the US’s oldest nationwide jeweler, has filed for Chapter 11bankruptcy in Texas, according to a court document. Houston-based BBB Group estimated both assets andliabilities of up to $50,000...
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Retail
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Nov 11, 2019
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Rapaport News
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Jewelers Top Luxury ‘Brand Intimacy’ Study
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Rolex, Cartier and Tiffany & Co. have captured the top threespots in the luxury category when it comes to the emotional connectioncustomers have with a brand, according to a study of “brand intimacy.” The three jewelry brands...
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Retail
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Nov 11, 2019
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Rapaport News
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Alrosa Launches Digital Tenders with Sarine Tech
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Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
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Rough Markets
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Nov 11, 2019
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Rapaport News
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Titan Revenue and Profit Increase
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Revenue and profit at Titan Company rose as the retailer sawgrowth across all its businesses in the second fiscal quarter. Sales increased 2% to INR 46.93 billion ($657.7 million), including at subsidiaries, inthe three months ending...
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Retail
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Nov 10, 2019
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Rapaport News
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