Sales of hard-luxury goods in Hong Kong grew in November as consumer confidence received a boost from sustained economic growth. Revenue from jewelry, watches, clocks and valuable gifts gained 3.6% to HKD 4.64 billion ($595.5 million) for the month, the municipality’s Census and Statistics Department report last week. The improvement represented the seventh consecutive month luxury […]
Load MoreTariffs causing ongoing uncertainty ahead of Aug. 27, when duty on Indian goods set to rise from 25% to 50%. US-located diamonds more expensive than those overseas, with price gap widening. Strong premiums for specific oversizes popular in American market: 1.35 to 1.49 ct., 1.80 to 1.99 ct. and 2.50 to 2.99 ct. rounds and […]
Load MoreLarge fancy shapes doing better than rounds. Prices stable overall and firm for 3 ct. and larger diamonds. Better stones are hard to find. Solid US interest in elongated Ovals with good shape and quality in D-I, VS-SI categories. Elongated Emeralds, Radiants and Pears in 2.50 to 2.99 ct. sizes trading at significant premiums. Oval […]
Load MoreLucara Diamond Corp. has recovered a massive diamond weighing 1,094 carats from its Karowe mine in Botswana, the second over 1,000 carats in the last month. The “extraordinary” stone was detected during the processing of kimberlite from the EM/PK(S) portion of Karowe’s south lobe, known for yielding large, high-value diamonds, Lucara said Monday. The diamond bears “striking […]
Load MoreA 202.18-carat yellow diamond was the star of the most recent jewelry sale at Christie’s in Geneva, where it garnered $6.7 million and earned a record at the auction house for the second-highest price for a stone of its color and size. The unmounted pear modified brilliant-cut, fancy-intense-yellow, SI1-clarity stone, known as the Yellow Rose, […]
Load MoreHong Kong retail sales jumped in September amid the continued recovery of incoming tourism and government initiatives to stimulate the economy. Revenue from jewelry, watches, clocks and valuable gifts climbed 27% year on year to HKD 4.31 billion ($551 million) for the month, according to data the government’s released Wednesday. Retail sales across all product categories […]
Load MoreBorn in Tel Aviv in 1939, Tolkowsky was from a family steeped in the diamond industry. He learned the trade from father, Jean, who had a diamond-polishing factory in Israel — an education that would set him up for a career manufacturing some of the world’s most famous diamonds. Jean Tolkowsky and his cousin had […]
Load MoreRevenue at Richemont’s jewelry brands advanced in the third fiscal quarter as demand grew in the US and Europe. Sales at Cartier, Van Cleef & Arpels, and Buccellati climbed 11% year on year to EUR 3.72 billion ($4.03 billion) in the three months that ended December 31, the Swiss luxury group reported Wednesday. The increase […]
Load MoreA pink diamond weighing more than 18 carats will go under the hammer in Geneva, where Christie’s expects it to sell for up to $35 million. The 18.18-carat stone is the largest pear-shaped, fancy-vivid-pink diamond ever offered at auction, Christie’s said Monday. Named the Fortune Pink, it will be the star item at the November […]
Load MoreRussian miner Alrosa has suspended its membership in the Responsible Jewellery Council (RJC), both organizations said in statements Friday. The development came just over a month after Russia’s invasion of Ukraine. The RJC board of directors voted to accept Alrosa’s decision, the standards groups added. Alrosa exited the RJC board in early March, but remained […]
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