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Diamond jewellery demand at all-time high – De Beers

Author: SIMONE LIEDTKE - Published 17-05-2018 11:24 - ( Reads)
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday.

Rapaport Weekly Market Comment

Author: unknown - Published 17-05-2018 10:59 - ( Reads)
Dealers optimistic ahead of Vegas shows, despite sluggish May trading. 2018 looking better than 2017. GemGenève demonstrates robust high end. Sotheby’s Geneva sells $86M (82% by lot) as pear-shape, 6.16 ct., fancy dark grey-blue, SI1 diamond fetches $6.7M ($1.1M/ct.). Christie’s Geneva garners $82M (88% by lot), with cushion, 50.47 ct., D, VVS1 Harry Winston diamond going for $6.5M ($129K/ct.). India’s Titan FY sales +21% to $2.4B, profit +58% to $164M. Rough prices firm at De Beers and Alrosa sights. Alrosa 1Q sales +14% to $1.5B, profit +40% to $533M. India April polished exports +14% to $2B, rough imports -13% to $1.5B. World Diamond Congress postponed due to low registration.

50ct. Diamond Leads Sales at Christie’s Geneva

Author: unknown - Published 17-05-2018 06:00 - ( Reads)
The cushion brilliant-cut, D-color, VVS1-clarity piece sold for $6.5 million, at the higher end of its pre-sale estimate of $5 million to $7 million, the auction house reported. The final price translates to $129,000 per carat.

Strong Market Drives Alrosa Sales

Author: unknown - Published 17-05-2018 04:30 - ( Reads)
Revenue grew 14% year on year to $1.52 billion (RUB 94.89 billion) for the three months ending March 31. Profit soared 40% to $532.9 million (RUB 33.18 billion) for the period due to a stronger rough market and strict cost controls, the miner explained.

Russia's Alrosa sees rosy prospects from colorful diamonds

Author: Diana Asonova - Published 16-05-2018 06:30 - ( Reads)
Russia’s Alrosa (ALRS.MM), the world’s largest diamond producer by output, plans to boost revenue from selling rare, colored stones where demand is stable, although it is a niche business.

Diamond market may be warming to lab-made gems

Author: Ashley Turner - Published 15-05-2018 12:36 - ( Reads)
It's cut like a diamond, it shines like a diamond and, essentially, it actually is a diamond. But it didn't form underground.

GIA Tracking Program Gains Traction

Author: unknown - Published 15-05-2018 11:28 - ( Reads)
The GIA has signed up “dozens” of retailers, several manufacturers and the majority of rough-diamond producers to its initiative so far, it said.

Farnese Blue Diamond Fetches $6.7 Million But Two White Diamonds Top All Sales

Author: Anthony DeMarco - Published 15-05-2018 06:06 - ( Reads)
The Farnese Blue Diamond had by far the best story of Sotheby’s Geneva Magnificent Jewels and Noble Jewels sale. The 6.16-carat pear-shaped blue diamond was given to Elisabeth Farnese, Queen of Spain, as a wedding present in 1715 and was passed down through four royal families in Europe before appearing on the market for the first time Tuesday. The 300-year-old stone sold accordingly, fetching $6.7 million, easily surpassing its $5.2 million estimate.

De Beers Tracks Diamonds With Blockchain For The First Time

Author: Aaron Wood - Published 10-05-2018 14:21 - ( Reads)
Global diamond giant De Beers announced Thursday that it tracked 100 high-value diamonds from the mine to the retailer using blockchain technology. According to a May 10 press release, this is the “first time a diamond’s journey has been digitally tracked from mine to retail.”

De Beers Tracks Diamonds With Blockchain For The First Time

Author: Aaron Wood - Published 10-05-2018 14:21 - ( Reads)
Global diamond giant De Beers announced Thursday that it tracked 100 high-value diamonds from the mine to the retailer using blockchain technology. According to a May 10 press release, this is the “first time a diamond’s journey has been digitally tracked from mine to retail.”
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