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Alrosa Sales Surge in Final Months of Year
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Sales at Alrosa showed a strong recovery in the fourth quarter of 2020 amid holiday demand and a rise in activity at Indian diamond manufacturers.Revenue from rough diamonds grew 29% year on year to $1.14 billion, the company reported...
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Mining
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Jan 21, 2021
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Rapaport News
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Alrosa December Sales Highest Since 2018
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Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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The Most Buzzworthy Diamonds of 2020
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Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
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Polished Markets
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Dec 30, 2020
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Leah Meirovich
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Online Innovation Propels 2020 Auction Sales
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While many would consider 2020 one of the most challenging years the industry has faced, auction sales told a different story, as successful digital offerings changed the road map for how customers bought...
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Polished Markets
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Dec 28, 2020
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Rapaport News
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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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Sotheby’s to Auction De Beers Jewels for Charity
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Sotheby’s will sell five natural-diamond pendants created for De Beers’ new ReSet Collective project, with the proceeds going to charity, the auction house said Wednesday.Five jewelry designers created the pieces using natural...
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Polished Markets
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Nov 18, 2020
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Rapaport News
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$27M Pink Diamond Sets Record at Sotheby’s
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Alrosa’s Spirit of the Rose has achieved the highest price for any purple-pink diamond, selling to an anonymous bidder for nearly $27 million at Sotheby’s Geneva.The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type...
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Polished Markets
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Nov 12, 2020
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Rapaport News
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Sotheby’s Garners $18M at New York Jewelry Sale
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Sotheby’s brought in nearly $18 million from its Important Jewels sale in New York, with a pink-diamond ring taking the top spot.The pear-shaped, 12.38-carat, fancy-pink, VVS2-clarity diamond ring fetched $4.6 million, or $373,337 per...
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Polished Markets
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Oct 25, 2020
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Rapaport News
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Sotheby’s Expects Pink to Fetch Up to $38M
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Sotheby’s will sell the largest vivid-purple-pink diamond ever to appear at auction, with expectations it could achieve up to $38 million at a November sale.The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type IIa stone is set to go under...
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Polished Markets
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Oct 12, 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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Collector Nabs 102ct. Diamond for $16M ‘Bargain’
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A private collector bought a 102-carat, D-flawless diamond for $15.7 million at a special online auction by Sotheby’s Hong Kong on Monday. While the stone was the first high-profile diamond to be offered without a reserve price, observers had...
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Polished Markets
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Oct 06, 2020
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Rapaport News
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Sotheby’s to Sell 119ct. Sapphire in Hong Kong
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Sotheby’s will sell a 119-carat, royal-blue, unheated Burmese sapphire in Hong Kong next week, the largest such stone the auction house has offered in 20 years. The cushion-shaped, 118.88-carat stone, surrounded by pear-shaped diamonds weighing...
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Polished Markets
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Sep 29, 2020
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Rapaport News
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Sotheby’s Nixes Reserve Price on 102ct. Diamond
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Sotheby’s will offer a D-flawless diamond over 100 carats in Hong Kong next month, taking the unusual step of selling the stone without setting a reserve price.The oval-shaped, 102.39-carat, type IIa stone is one of only...
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Polished Markets
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Sep 10, 2020
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Rapaport News
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Sotheby’s Unveils New Online Auction Series
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Sotheby’s will launch a new series of weekly online sales that will enable it to capitalize on the “unprecedented results” it has seen in its digital offerings.The auctions, which will take place in a rolling sale format, will see...
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Polished Markets
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Sep 06, 2020
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Rapaport News
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Sotheby’s Worldwide Jewelry Chairman Exits
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Two senior jewelry executives at Sotheby’s have recently stepped down from their roles.David Bennett, the company’s chief auctioneer and worldwide jewelry chairman, retired earlier this summer following a 42-year career, Sotheby’s told...
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Polished Markets
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Aug 19, 2020
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Rapaport News
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Pink and Blue Hearts Score Big for Sotheby’s
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Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby’s in Hong Kong, fetching a combined $18.7 million.The first, a 5.04-carat, fancy-vivid-blue, type IIb diamond, flanked by white diamonds, brought in $10.6 million, or $2.1 million...
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Polished Markets
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Jul 12, 2020
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Rapaport News
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No Buyer for 3ct. Blue Diamond at Sotheby’s
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A 3.01-carat, fancy-vivid-blue diamond ring carrying a high estimate of $6.3 million was among a number of headline items that failed to find buyers at Sotheby’s Geneva auction.Sotheby’s withdrew the stone from Tuesday’s Magnificent Jewels and Noble...
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Polished Markets
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Jun 24, 2020
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Rapaport News
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Fancy-Color Diamonds Lead Sotheby’s Lineup
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Sotheby’s will offer four jewels with high estimates totaling more than $28 million at its upcoming live auctions in Geneva and Hong Kong.The Geneva Magnificent Jewels and Noble Jewels sale, originally scheduled...
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Polished Markets
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Jun 14, 2020
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Rapaport News
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Christie’s Magnificent Jewels Set for July
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Christie’s plans to relaunch its three live Magnificent Jewels sales during July, with the Geneva event set to feature a 100.58-carat diamond.The modified shield mixed-cut, D-color, type IIa diamond will go under the hammer...
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Polished Markets
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May 31, 2020
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Rapaport News
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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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