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Lightbox
Lightbox to Debut at Bloomingdale’s, Reeds
De Beers will partner with two major retailers topromote Lightbox, its brand of affordable lab-grown diamond jewelry. Lightbox’s $800-per-carat jewelry is set to be soldin select Bloomingdale’s stores, including in New York City and San Francisco,...
Retail Oct 15, 2019 Rapaport News
New York 47th street
US Polished Imports Decline
USpolished-diamond imports dropped 21% to $1.6 billion in July, according to thelatest data from the Commerce Department. This year’s downwardtrend has continued, with polished imports falling 10% for the first seven months.The average...
Polished Markets Sep 24, 2019 Rapaport News
Jewelry store
JSA Warns Jewelers of Power-Cut Break-Ins
The Jewelers’ Security Alliance (JSA)has issued a “code red” warning ahead of Thursday’s July 4celebrations in the US. The New York-based association,which provides crime information andassistance to jewelers across America, has warned that power...
Retail Jul 03, 2019 Rapaport News
NY jewelry store
US Polished Imports Rise in 1Q
Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January...
Polished Markets Jun 06, 2019 Rapaport News
Leo Schachter
Trade Mourns Death of Leo Schachter
Leo Schachter, whose famed international diamond company has borne his name for almost 70 years, died last Thursday at the age of 95.Schachter launched Beck and Schachter Company on New York’s47th Street in 1952, having...
Polished Markets May 12, 2019 Rapaport News
NY diamond district
US Polished Imports Drop in Early 2019
The US polished-diamond trade was sluggish in the firsttwo months of the year, with imports declining and exports stable. Bothcategories recorded a weaker February than January. The drops in import valuereflected a lower average price in both...
Polished Markets May 02, 2019 Rapaport News
Sothebys Blue Diamond Ring 150
Sotheby’s Garners $21.5M at New York Auctions
Two Sotheby’s New York auctions brought in a combined $21.5million Wednesday, with a blue-diamond ring achieving the top price. The cut-cornered square modified brilliant-cut, 3.24-carat,fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shapeddiamonds, fetched $2.3...
Polished Markets Apr 18, 2019 Rapaport News
Yellow diamond
US Looks to Tighten Jewelry-Origin Rules
The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
Financial-Legal Apr 18, 2019 Joshua Freedman
Christies NY
Twin-Stone Ring Fetches $7M at Christie’s
Christie’s New York Magnificent Jewels auction garnered $30.3 million on Tuesday, with a twin-stone ring leading the sale. The piece, bearing two pear modified brilliant-cut,fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats,...
Polished Markets Apr 17, 2019 Rapaport News
Jewelry store New York diamond district
US Trade Confident as Polished Imports Surge
Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
Polished Markets Apr 03, 2019 Joshua Freedman
Graff boutique
Graff Buys Flagship New York Store
Graff has bought the New York property that has housed itsflagship boutique for nearly 20 years, the London-based jeweler said Tuesday. The building, at 710 Madison Avenue on the corner of 63rd Street, was...
Retail Mar 06, 2019 Rapaport News
Reuven Kaufman podcast
Podcast: The New York View
Rapaport News caught up with Reuven Kaufman, president of New York’s Diamond Dealers Club (DDC), to gauge the mood in the US trade at the start of 2019.Retailers had a good holiday season, but have been wary about...
Polished Markets Jan 31, 2019 Rapaport News
GEM Awards Jan 2019 Stewart Wicht
GEM Awards Honor Ex-Rolex USA Chief
Jewelers of America (JA) honored retailers, designers andjournalists at Friday’s GEM Awards in New York. Stewart Wicht, whoretired as CEO of Rolex Watch USA in December, picked up the LifetimeAchievement accolade in recognition of his contribution to the industry duringhis...
Retail Jan 16, 2019 Rapaport News
Lucapa 46ct pink
Lucapa Predicts Premium from Angola Reforms
Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
Rough Markets Jan 14, 2019 Joshua Freedman
Christies
Bulgari Blue Fetches $18M at Christie’s
A Bulgari diamond ring surpassed its estimate at Christie’s inNew York on Wednesday, bringing in more than $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event’stop seller at $18.3 million, beating its presale estimate...
Polished Markets Dec 06, 2018 Rapaport News
Sotheby’s
Blue Diamond Fails to Sell at Sotheby’s
A blue diamond estimated at up to $30 million failed to finda buyer at Sotheby’s in New York on Tuesday. The pear-shaped, 10.62-carat, fancy-vivid-blue, VVS1-claritydiamond had a presale valuation of $20 million to $30 million. Anotherpear-shaped stone — a 2.76-carat, fancy-intense-purple-pink diamond — also...
Polished Markets Dec 05, 2018 Rapaport News
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
Shrenuj
ICICI Bank Sues Shrenuj Executives
The New York branch of India’s ICICI Bank has sued 11executives of diamond manufacturer Shrenuj & Co. and its associatedcompanies, alleging they engaged in fraudulent transactions. The defendants induced ICICI to extend loans to Mumbai-basedShrenuj’s...
Financial-Legal Oct 22, 2018 Rapaport News
MVI
How Retailers Can Entice Chinese Tourists
You don’t have to be in China to sell to Chinese people.That’s the message from luxury marketing experts, who point out that tourists,students and immigrants from the world’s largest fine-jewelry consumer have ahuge impact on the...
Marketing Oct 17, 2018 Joshua Freedman
Cuts
Proprietary Cuts: Their Own Brand of Trouble
Creating and launching a proprietary cut is difficult for almost anydiamantaire. The costs can be prohibitively high, even for larger companies. Inaddition, the weak prices of non-round goods mean there’s no guarantee theventure will boost...
Manufacturing Aug 22, 2018 Joshua Freedman
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