Hong 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 […]
Load MoreAlrosa’s annual diamond sales rose to their highest level since 2018 as rough prices soared during the market’s recovery. Revenue from rough and polished leaped 49% year on year to $4.17 billion in 2021, the Russian miner reported Friday. Rough sales increased 50% to $3.98 billion, with polished revenues up 28% at $191.6 million. While […]
Load MoreSupply 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 […]
Load MoreSupply 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 […]
Load MoreDiamond 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 […]
Load MoreAlrosa’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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