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Resurgent Jewelry Sales Lift Richemont
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Richemont’s jewelry sales increased 9% year on year in the third fiscal quarter as strong growth across most of its global network offset weakness in the European market.Jewelry proceeds from Cartier, Van Cleef & Arpels and...
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Retail
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Jan 20, 2021
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Rapaport News
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New Book Reports Favorable Forecast for Luxury
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Erwan Rambourg is certain that luxury sales will increase in the coming decade as companies adapt to emerging trends and respond to societal forces. The industry analyst previews this new landscape in his recently released book...
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Retail
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Jan 12, 2021
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Joyce Kauf
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Emerald Ring Blows Away Estimate at Sotheby’s
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An emerald and diamond ring was the top lot at the Magnificent Jewels sale at Sotheby’s in New York, fetching nearly four times its presale valuation.The square emerald-cut, 21.86-carat stone, flanked by baguette diamonds, brought...
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Polished Markets
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Dec 13, 2020
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Rapaport News
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Podcast: Human Rights, Diamonds and Covid-19
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The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
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Fair Trade
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Dec 10, 2020
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Avi Krawitz
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Kashmir Sapphire Beats Estimate at Bonhams
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Bonhams sold a Kashmir sapphire and diamond brooch for $1.1 million at its New York Jewels auction, bringing in more than double its low valuation and surpassing its high estimate.The cushion-shaped mixed-cut, 17.21-carat...
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Polished Markets
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Dec 08, 2020
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Rapaport News
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Large Sapphires to Lead Christie’s New York
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A collection of large sapphires will take center stage at the Magnificent Jewels auction at Christie’s in New York next month, with the top item expected to fetch up to $7 million.The bracelet, which is from a private collection, features a 43.10-carat...
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Polished Markets
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Nov 17, 2020
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Rapaport News
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Cartier Tutti Frutti Bracelet to Lead Bonhams Sale
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A Tutti Frutti bracelet by Cartier is set to go under the hammer at Bonhams in Hong Kong this month, with a high estimate of HKD 2.8 million ($361,105).The piece, which features a carved foliate emerald center stone in a diamond and...
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Polished Markets
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Nov 10, 2020
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Rapaport News
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Jewelry Stands Out at Richemont
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Richemont’s jewelry sales outperformed the rest of the group in the three months ending September 30 as Chinese demand grew and consumers spent money online.Sales at jewelry maisons — Cartier, Van Cleef & Arpels, and Buccellati...
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Retail
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Nov 08, 2020
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Rapaport News
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Feng J Diamond Jewels to Lead Phillips Sale
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Phillips will feature two diamond pieces by Chinese jewelry designer Feng J at an auction later this month, estimating they will fetch up to $5.8 million combined.The Jardin de Giverny, a diamond and gem-set necklace featuring a 19-carat, fancy-light-pink...
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Polished Markets
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Nov 08, 2020
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Rapaport News
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Christie’s to Offer 107ct. Yellow Diamond
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Christie’s will offer a brooch by Graff containing a 107.46-carat, fancy-yellow diamond at its Geneva Magnificent Jewels auction.The piece, which features the brilliant-cut stone surrounded by white diamonds, is estimated to fetch up to CHF 3.3 million ($3.6 million)...
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Polished Markets
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Oct 26, 2020
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Rapaport News
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Sotheby’s Hong Kong Sale Yields Mixed Results
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Sotheby’s garnered HKD 304.3 million ($39.3 million) from its Hong Kong Magnificent Jewels auction, even as several big-ticket items failed to find buyers.An “imperial green” jadeite and diamond necklace was the top...
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Polished Markets
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Oct 08, 2020
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Rapaport News
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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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