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Bonhams
18ct. Diamond to Lead Bonhams Auction
Bonhams will offer an 18.04-carat diamond at its FineJewelry sale in New York next month, estimating the piece at $400,000 to$600,000. The emerald-cut, G-color, VS2-clarity diamond flanked bytrillion-cut diamonds will head up the auction on December...
Mining Nov 18, 2018 Rapaport News
Gemfields
Nirav Modi Crisis Hits Gemfields
Proceeds slumped at Gemfields’ May auction ofhigher-quality rough emeralds as the Nirav Modi fraud case hurt Indian demand,the miner reported last week. Most of the company’s emerald clients are based in India,where the gemstone...
Gemstones May 27, 2018 Rapaport News
bonhams 150
Colored Gems Dominate Bonhams Auction
Colored gemstones were the leading sellers at the Bonhams NewYork auction, which saw a total of 84% of lots sold for a combined $4.5 million. The top lot, a Cartier Art Deco ruby and diamond bracelet...
Retail Apr 23, 2018 Rapaport News
The Rapaport Diamond Podcast: Episode 3 150
The Rapaport Diamond Podcast: China Special
Labrador-grown diamonds? The Year of the Dog is coming up,and we are unleashing insights about how the Chinese New Year will affect thetrade in the Far East. Also, an interview with noted jewelry journalistJennifer Heebner,...
Retail Feb 15, 2018 Rapaport News
Carat+ Show to Return in May
Carat+ Show to Return in May
The second edition of the Carat+ diamond trade show will take place at the Antwerp Expo in Belgium from May 6 to 8, organizers said. The international fair focuses on diamonds, loose stones,diamond jewelry and colored gemstones.Last...
Polished Markets Jan 16, 2018 Rapaport News
Gemfields 150 121417
Gemfields Owner Reduces Staff, Salaries
Colored-gemstone producer Gemfields is taking measures to reduce debt and revive profit growth, following its acquisition by Pallinghurst Resources earlier this year. Gemfields’ debt grew almost fivefold to about $84 million between2014 and July...
Gemstones Dec 14, 2017 Rapaport News
Sothebys 150 120617
Blue Diamond Sells for $15M at Sotheby’s New York
Sotheby’s sold $54 million worth of jewelry at its New Yorkauction on Tuesday as several pieces containing rare blue diamonds andgemstones yielded higher-than-expected prices.An anonymous buyer spent $15.1 million, or $2.7 million percarat, on an emerald-cut, 5.69-carat,...
Polished Markets Dec 06, 2017 Rapaport News
World Ruby Forum 2017
Thailand Hosts World Ruby Forum
Gemologistsfrom around the world gathered at the World Ruby Forum in Bangkok on Saturday, whereleading industry figures spoke about supply, marketing and certification of thered gemstone.The forum —a showcase for rubies manufactured in Thailand — was in line...
Gemstones Nov 05, 2017 David Brough
Gemfields rubies
Pallinghurst Emerges as Sole Gemfields Bidder
Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
Mining Jun 27, 2017 Rapaport News
Buyers at Gemfields Auction
Battle for Gemfields Heats Up
Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
Gemstones Jun 21, 2017 Rapaport News
Christie's emerald New York auction June 2017
Harry Winston Spends $5.5M on Historic Emerald
Harry Winston bought the Rockefeller Emerald for a recordprice per carat at Christie’s New York on Tuesday.The luxury jeweler’s CEO, Nayla Hayek, had instructed chieffinancial officer Robert Scott to “bring this magnificent gem home...
Gemstones Jun 21, 2017 Rapaport News
Gemfields rough emerald 140
Gemfields Reluctantly Bows to Fosun Takeover Bid
Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
Gemstones Jun 20, 2017 Rapaport News
ruby
Gemfields Sets $55M Auction Record
Gemfields recorded its highest auction total as it sold$54.8 million worth of rubies and corundum in Singapore last week.The sale fetched an average of $61 per carat for895,848 carats, out of just over 1 million carats that were...
Gemstones Jun 19, 2017 Rapaport News
Fabergé jewelry
Gemfields Receives Chinese Takeover Bid
China’s Fosun conglomerate has put in a rival bid to takeover Gemfields, following an earlier offer by the colored-gemstone miner’slargest shareholder.Fosun Gold, a subsidiary of the Shanghai-based holdingcompany, has proposed to buy Gemfields for $0.52 (GBP 0.409) per...
Mining Jun 14, 2017 Rapaport News
faberge
Fabergé Shows ‘Encouraging’ Growth
Fabergé, the famed jewelry brand owned by Gemfields, recorded a 63% jump in unitsales during the third fiscal quarter, as the miner expanded its marketing efforts for the luxury business division.The number of actual sales...
Retail May 16, 2017 Rapaport News
Rough emerald
Gemfields Sales Dented by India Liquidity Slump
Gemfields’ half-year revenue plummeted 46 percent as thecompany deferred an auction of higher-quality rough emeralds due to tighterliquidity in India.Sales fell to $51 million in the fiscal first half thatended December 31, 2016, the colored-gemstone miner said last...
Gemstones Feb 26, 2017 Rapaport News
faberge
Gemfields Emerald Production Slumps
Gemfields said production of emerald and beryl dropped 43percent in the final three months of last year as the company mined alower-grade zone of its Kagem deposit in Zambia.Output fell to 4.7 million carats in the second quarter...
Mining Feb 14, 2017 Rapaport News
Christies HK blue Nov 2016
Blue Diamond Tops Billing at Christie’s Hong Kong
Christie’s sales totaled $79 million (HKD 611 million) at its Hong Kong jewelry auction on Tuesday, with a colored diamond leading the eventyet again.A marquise-cut, 4.29-carat, fancy vivid blue, internallyflawless diamond ring fetched...
Polished Markets Nov 30, 2016 Rapaport News
Gemfields emeralds
Gemfields Boosted by Rising Emerald Demand
Gemfields’ revenue and profit surged in the past fiscalyear, driven by record prices and successful marketing campaigns to raisedemand for the colored gemstones.Sales jumped 13 percent to $193.1 million and profit aftertax soared 90 percent to $23.5...
Gemstones Sep 26, 2016 Rapaport News
Gemfields emeralds
Gemfields’ Lower-Quality Emeralds Hit New Price Record
Gemfields announced a new record average price for itslower-quality gemstones sold at an auction of rough emeralds in India lastweek.The miner said it sold 2.78 million carats of gems extractedfrom its Kagem mine in Zambia for $14.3 million,...
Gemstones May 23, 2016 Rapaport News
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