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GIA to Unlock New York Lab
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The Gemological Institute of America (GIA) is reopening its New York grading laboratory Monday following a three-month shutdown due to the coronavirus.“As restrictions are lifted and the global gem and jewelry industry begins to recover,...
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Polished Markets
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Jun 25, 2020
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Rapaport News
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New York’s Diamond Dealers Club Reopens
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New York’s Diamond Dealers Club (DDC) unlocked its doors on Tuesday, with social distancing in place, after the city entered phase one of its reopening plan.“Based on my conversations with members, I felt it was the highest...
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Polished Markets
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Jun 11, 2020
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Joshua Freedman
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LVMH-Tiffany Deal Faces Uncertainty
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The LVMH board met on Tuesday to discuss its takeover of Tiffany & Co., fueling rumors that the $16.2 billion deal was less certain than before Covid-19.The panel of directors “focused its attention on the...
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Retail
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Jun 04, 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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Diamond Dealer Manny Gordon Dies at 79
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New York diamond dealer Emanuel “Manny” Gordon died on April 7 aged 79, after contracting COVID-19.The industry veteran, who founded the eponymous Manny Gordon Trading in 1984, trained and subsequently worked with his...
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Polished Markets
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Apr 21, 2020
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Rapaport News
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How Three Jewelers Are Coping During COVID-19
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Can my company survive this crisis? How long will the shutdown last? Should I lay my workers off? Should I apply for government support? The coronavirus outbreak has left US jewelers with a string of questions. There...
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Retail
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Apr 07, 2020
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Joshua Freedman
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GIA Calls Off New York Career Fair
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The Gemological Institute of America (GIA) has canceled next week’s career event in New York due to the coronavirus.The GIA Jewelry Career Fair was due to take place on March 13. It targets job seekers in the...
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Polished Markets
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Mar 05, 2020
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Rapaport News
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US Trade Slowdown Continues
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US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019 Nov 2019 Year-on-year change Polished imports $1,382 -19%...
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Polished Markets
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Jan 13, 2020
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Rapaport News
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Alrosa Releases 2020 Supply Schedule
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Alrosa has published its schedule of contract sales and auctions for next year.The Russian miner has maintained its format of monthly sales under the Alrosa Alliance, its long-term supply program. It will also...
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Mining
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Dec 31, 2019
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Rapaport News
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US Polished Imports Decline
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The USdiamond trade continued to slow in October. Polished imports fell 38% to $1.45billion for the month, marking the steepest year-on-year drop since 2009 andthe seventh consecutive month of decline, according to Rapaport records. Polished...
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Polished Markets
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Dec 25, 2019
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Rapaport News
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US Polished Trade Continues to Decline
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US polished-diamondimports fell 24% to $1.48 billion in September, according to the latest datafrom the US Commerce Department. The decline reflected lower volumes and a dropin the average price. Polished imports fell 13% to $15.37 billion for...
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Polished Markets
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Dec 01, 2019
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Rapaport News
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Lightbox to Debut at Bloomingdale’s, Reeds
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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,...
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Retail
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Oct 15, 2019
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Rapaport News
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US Polished Imports Decline
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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...
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Polished Markets
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Sep 24, 2019
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Rapaport News
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JSA Warns Jewelers of Power-Cut Break-Ins
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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...
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Retail
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Jul 03, 2019
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Rapaport News
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US Polished Imports Rise in 1Q
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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...
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Polished Markets
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Jun 06, 2019
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Rapaport News
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Trade Mourns Death of Leo Schachter
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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...
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Polished Markets
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May 12, 2019
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Rapaport News
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US Polished Imports Drop in Early 2019
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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...
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Polished Markets
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May 02, 2019
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Rapaport News
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Sotheby’s Garners $21.5M at New York Auctions
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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...
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Polished Markets
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Apr 18, 2019
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Rapaport News
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US Looks to Tighten Jewelry-Origin Rules
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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...
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Financial-Legal
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Apr 18, 2019
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Joshua Freedman
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Twin-Stone Ring Fetches $7M at Christie’s
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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,...
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Polished Markets
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Apr 17, 2019
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Rapaport News
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