Pink Diamond Set to Fetch Up to $35M at Christie’s

Friday,30 September 2022 07:330 Comments

A 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 […]

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Alrosa leaves RJC

Monday,04 April 2022 03:370 Comments

Russian 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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Alrosa Sales Reach 3 Year High

Monday,24 January 2022 06:040 Comments

Alrosa’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 […]

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New QR Code Solution

Tuesday,28 September 2021 07:140 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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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 10:196 Comments

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 01:412 Comments

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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