Top Stories
Cartier Tutti Frutti Necklace Smashes Estimate at Christie’s
Piece was top-selling lot of Hong Kong luxury week, bringing in $8.7 million.
Lucapa Unearths 195ct. Rough from Lulo Mine
Stone is fourth over 100 carats this year, and sixth largest from deposit.
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Major Industry Events: Rapaport Magazine Highlights
A Preview of the Past: The Las Vegas Antique Jewelry & Watch Show
More choices and greater competition will create challenges and opportunities for sellers.
Shows
May 23, 2024
Seven Timepiece Trends to Watch
Color, innovative materials, and shrinking cases were among the takeaways from Watches and Wonders 2024.
Watches
May 23, 2024
Attending GemGenève in Uncertain Times
Inflation, falling diamond prices, and geopolitical issues compounded the Swiss show’s existing challenges.
Shows
May 23, 2024
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Market Comment - Weekly Diamond News - May 23, 2024 - May. 23, 2024
US suppliers cautiously optimistic for Las Vegas shows, as jewelers have reduced inventories.
Indian market slow as dealers reduce buying.
Prices of round, 1 ct., D-J, IF-VS1 diamonds continue to drop. SI2 improving. Fancy shapes weak.
Reuters reports US govt. “has cooled on enforcing traceability” regarding Russian sanctions, with Signet lobbying against G7 Belgium solution.
Plans for sale of De Beers creating uncertainty.
Okavango May rough sales +84% YOY to $104M amid price drop in 3 gr. and larger sizes.
FY 2024 sales at Richemont jewelry maisons +6% to $15.5B.
De Beers and Signet to collaborate on natural-diamond marketing.
Israel bourse elects Nissim Zuaretz as president.