Market Update

Monday,07 June 2021 04:490 Comments

Supply shortages driving uptrend in prices. 1 ct. RAPI +0.8% in May. Inventory declining; number of 0.30 to 0.50 ct., RapSpec A3+ stones on RapNet -23% since April 1. Large US retailers stimulating demand. Scarcities and rising prices making it hard for dealers to replenish polished goods. Major suppliers with inventory and efficient online systems […]

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Miners See Solid Rough Demand at January Tenders

Wednesday,17 February 2021 09:030 Comments

Diamond miners reported steady sales at their January rough tenders as demand and prices grew at the start of the year. Alrosa garnered $10 million at a sale of stones above 10.8 carats, which it held in Dubai from January 19 to February 9. Some 39 companies — from Belgium, India, Israel, the United Arab […]

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$27M Pink Diamond Sets Record

Monday,16 November 2020 08:04One Comment

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 II stone, named for the famous Russian ballet, sold for $26.6 million, beating its low estimate of $23 million. The […]

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On the Rebound

Tuesday,02 June 2020 10:19One Comment

Diamond industry reopening and adjusting to new normal as consumers emerge from lockdown. US retail jewelers resuming operations in most states, with emphasis on in-store hygiene, virtual consultations and curbside service. New York trade remains shut. China strengthens security law in Hong Kong, fueling concern about renewed pro-democracy protests and trade war. Polished and rough […]

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Rare Blue Diamond

Wednesday,13 November 2019 01:41One Comment

A rare fancy-deep-grayish-blue diamond ring with a high estimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale in New York next month.  The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone, called the Indian Blue, is valued at $6 million to $8 million, and displays a red phosphorescence typically found in diamonds from the […]

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Pink Diamonds Show Strongest Price Growth

Wednesday,07 August 2019 12:09One Comment

Prices of pink fancy-color diamonds outperformed other major color categories during the second quarter, the Fancy Color Research Foundation (FCRF) said.  Prices of pinks rose 0.4% quarter on quarter for the three months ending June 30, according to the FCRF, which released its quarterly Fancy Color Diamond Index (FCDI) last week.  By contrast, prices of […]

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Alrosa Offloads $19M of Non-Core Assets

Monday,13 May 2019 08:140 Comments

Alrosa has sold a number of its non-diamond-related businesses in an effort to consolidate operations and focus on its diamond assets, it said Tuesday.  During the first quarter, the Russia-based miner disposed of 21 assets, including subsidiary equity stakes and real estate totaling RUB 1.24 billion ($19 million). The most significant of those was JSC […]

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Rio Tinto’s Diamond Sales Slip in 2018

Thursday,28 February 2019 01:240 Comments

Revenue from Rio Tinto’s diamond division slid 1.6% to $695 million in 2018, the miner reported Wednesday.  The diamond unit’s profit rose 28% to $118 million, while earnings before interest, tax, depreciation and amortization (EBITDA) increased 4.9% to $301 million.  Diamond production fell 15% to 18.4 million carats for the year, with output slipping at […]

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53M Americans to Buy Diamonds This Holiday

Tuesday,04 December 2018 03:32One Comment

More than 53 million US consumers intend to buy a diamond during the extended festive period from Thanksgiving to Valentine’s Day, according to a survey by the Diamond Producers Association (DPA). The November poll, which the DPA conducted together with KRC Research, collated responses from 1,000 men and women in the US aged 18 to […]

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Colored Diamonds Lead $60M Sotheby’s Sale

Monday,19 November 2018 03:560 Comments

Sotheby’s garnered $59.9 million at its Geneva auction last week as a 21.19-carat pink diamond smashed its estimate with a final price of $7.4 million.   The cushion-shaped, fancy-light-pink, VVS2-clarity, type IIa diamond fetched $347,601 per carat, Sotheby’s reported following the Thursday sale. It had a presale valuation of $4.5 million to $6.5 million.   […]

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