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Twin-Stone Ring Fetches $9M at Christie’s
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A twin-stone diamond ring sold for $9.3 million at Christie’s Geneva Magnificent Jewels sale after “spirited bidding” from several participants competing via telephone, the auction house reported.The piece, created by designer Reza, features...
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Polished Markets
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Jul 23, 2020
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Rapaport News
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Richemont Revenue Plunges as Stores Shut
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Sales at Richemont’s jewelry brands plummeted in the first fiscal quarter as the coronavirus forced the company to shut most of its stores in major markets.Proceeds from the group’s jewelry maisons, which include Cartier, Van Cleef...
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Retail
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Jul 16, 2020
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Rapaport News
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Christie’s Garners $5M at Paris Auction
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Christie’s brought in $5.2 million from its Fine Jewels sale in Paris, with several pieces smashing their presale estimates.A ring by designer Verdura, featuring a rectangular cut-cornered, 5.57-carat Kashmir sapphire and rectangular cut-cornered, H-color,...
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Polished Markets
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Jul 09, 2020
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Rapaport News
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Growing Up with Gen Z
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Despite all the nights of lost sleep over whether millennials will still want to buy diamond jewelry, it turns out this group is not so dissimilar to previous generations. Generation Z, though — now aging into relevance — is a different...
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Polished Markets
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Jun 16, 2020
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Rachael Taylor
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Sotheby’s to Hold Magnificent Jewels Sale in June
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Sotheby’s will hold its Magnificent Jewels and Noble Jewels auction in Geneva in June, its first live sale since the onset of the coronavirus pandemic.The auction will be held in two parts, Sotheby’s told Rapaport...
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Polished Markets
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May 21, 2020
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Rapaport News
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Richemont Sees Tough Road Ahead for Luxury
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It could take up to three years for the luxury market to get back on track, as it relies heavily on consumer sentiment and travel, Richemont chairman Johann Rupert predicted.“The luxury industry is dependent on customers’ willingness to spend — the so-called...
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Retail
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May 17, 2020
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Rapaport News
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Sotheby’s to Bring Some Magnificent Jewels Online
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Sotheby’s will offer a selection of items from its New York Magnificent Jewels auction at a special online sale in June, after the coronavirus put the live event in jeopardy.Some pieces originally consigned for that sale,...
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Polished Markets
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May 13, 2020
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Leah Meirovich
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Graff Pieces Sell Out at Online Sotheby’s Auction
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Sotheby’s achieved $3.3 million at its online Fine Jewels auction, driven by proceeds from its sold-out collection of Graff pieces.The total beat the company’s high estimate of $2.8 million for the sale, the auction...
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Polished Markets
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May 04, 2020
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Rapaport News
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Sotheby’s Breaks Record at Online Jewelry Sale
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A gem-set, diamond and enamel tutti frutti bracelet by Cartier garnered $1.3 million at Sotheby’s, the highest price for any jewel sold in an online auction.The piece, which features a selection of old European and single-cut, VS-...
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Polished Markets
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Apr 30, 2020
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Rapaport News
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Sotheby’s to Sell ‘Tutti Frutti’ Cartier Bracelet
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A gem-set, diamond and enamel tutti frutti bracelet by Cartier is to go under the hammer in Sotheby’s latest online sale.The piece, which has a high estimate of $800,000, will be sold as a single lot by Sotheby’s New York in a dedicated remote...
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Polished Markets
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Apr 26, 2020
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Rapaport News
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Self-Purchasing Females Choose Tiffany
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Tiffany & Co. is the jewelry brand women are most likely to buy for themselves, MVI Marketing found in a survey.Some 35% of female consumers would spend their money on products from the luxury-jewelry brand, while...
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Retail
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Feb 05, 2020
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Rapaport News
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Robust Jewelry Sales Boost Richemont
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Richemont’s jewelry sales increased 9% in the third fiscal quarter as strong growth in Europe, the US and China offset weakness in Hong Kong.Jewelry proceeds from Cartier, Van Cleef & Arpels and Buccellati rose to EUR 2.16...
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Retail
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Jan 19, 2020
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Rapaport News
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Graff Hires US Chief to Help Expand Business
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Graff has appointed Marc Hruschka CEO of its US operations as part of its efforts to reach new customers and grow its business.“We aim to become more dynamic, broadening our product offering to include everyday diamonds and...
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Retail
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Jan 15, 2020
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Rapaport News
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Fourth Bonhams Jewelry Expert Joins Phillips
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Phillips has appointed Paul Redmayne head of private jewelry sales as part of its efforts to expand its jewelry department internationally, the auction house said Monday.Redmayne, who will be responsible for managing relationships with top...
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Polished Markets
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Jan 13, 2020
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Rapaport News
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Podcast: What’s in Store for the Holidays
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With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
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Retail
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Dec 12, 2019
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Rapaport News
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Blue Diamond Earrings Score Big at Bonhams
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A pair of blue diamond earrings fetched just under $1.3 million atBonhams’ New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81...
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Polished Markets
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Dec 10, 2019
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Rapaport News
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Christie’s Garners $7M at Paris Auction
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Christie’s brought in $6.9 million from its Fine Jewels salein Paris, with a fancy orangey-pink diamond ring fetching more than eight timesits high estimate. The old-cut, 6.32-carat, type IIa, VS2-clarity diamond wasthe...
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Polished Markets
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Dec 08, 2019
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Rapaport News
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Cartier Necklace Smashes Estimate at Bonhams
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An Art Deco aquamarine and diamond necklace by Cartierfetched more than triple its high estimate at Bonhams' London Jewels sale. The Cartier piece, which is dated from 1940 and features 170carats of aquamarines, sparked an international...
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Polished Markets
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Dec 08, 2019
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Rapaport News
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Sotheby’s London Sale Rakes In $6.8M
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Sotheby’s brought in GBP 5.3 million ($6.8 million) from itsFine Jewels sale in London on Tuesday, with many items going for well above theirhigh estimates. The top lot, a necklace by Van Cleef & Arpels...
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Polished Markets
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Nov 27, 2019
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Rapaport News
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Phillips Garners Nearly $10M at Hong Kong Auction
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Phillips’s Hong Kong sale brought in $9.6 million, with a ruby ring standing out as one of the top-selling items, the auction house said Tuesday. The 5.22-carat pigeon’s blood Burmese ruby and diamond ring...
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Polished Markets
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Nov 26, 2019
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Rapaport News
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