Rapaport

safeguarding the prosperity of the natural diamond economy

[Rapaport @Rapaport]

The amount consumers are shelling out on natural diamonds has increased over the past two years, as has the average size they are buying, according to a new report from De Beers.
https://t.co/8WdSLpBjGw

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Sotheby’s will showcase a Fabergé necklace with a high estimate of $600,000 at its upcoming sale in New York.
https://t.co/FiOuzlxsDX

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Signet Jewelers’ revenue rose in the first fiscal quarter as the strategy its new CEO introduced last year continued to yield positive results.
https://t.co/xpV6yTD6Yy

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The top five jewels Sotheby’s will offer at its upcoming New York sale are all colored diamonds, including a blue that could bring in more than $6 million.
https://t.co/LrLtxsq8FM

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Rapaport is piloting an artificial intelligence (AI) tool giving users diamond-market advice amid a revamp of the company’s products, CEO Dan Mano announced Sunday.
https://t.co/DFR5J5owto

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Gemological Science International (GSI) helped authorities recover stolen jewels in two separate instances using a registry it created for that purpose.
https://t.co/HZ1SqKSfpu

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Signet Jewelers has agreed to acquire New York-based The Clear Cut, an online-focused retailer of natural-diamond jewelry.
https://t.co/nYYFv5yR1V

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India’s Gem & Jewellery Export Promotion Council (GJEPC) has become a member of the Natural Diamond Council (NDC), the first industry body to do so under the Luanda Accord.
https://t.co/MlgeDmF5ow

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Activity was solid on the first two days of the higher-end Luxury show in Las Vegas as US retailers stocked up on finished jewelry to meet affluent consumers’ needs.
https://t.co/N5MrkVrVOh

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A pair of sapphire and diamond earrings fetched CHF 304,800 ($385,586) at the most recent jewelry auction at Christie’s Geneva, raking in more than six times its high estimate.
https://t.co/ucq2nWdjKb

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An emerald and diamond necklace with an $800,000 high estimate will lead the upcoming Phillips auction in New York.
https://t.co/oK0AhaUeeb

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A Boucheron diamond tiara will take center stage at an upcoming auction at@ Bonhams in London, where it could fetch up to GBP 300,000 ($401,793).
https://t.co/0uHGhRw9XE

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Revenue at Watches of Switzerland rose for the full fiscal year amid a marked improvement in the US market, which now accounts for over half of group sales.
https://t.co/Pk4tFrDTpz

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US retail sales grew in April as consumers took advantage of extra cash from tax refunds.
https://t.co/7Bfp1C01PR

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The May issue of Rapaport Magazine, out now in print and online, shines a spotlight on the newest technology driving the industry forward — and the tech it wants but doesn’t yet have.
https://t.co/TD1hUbVCHJ

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The largest blue-green diamond ever sold also became the most expensive when it fetched a world record for a stone of its hue at Christie’s in Geneva, bringing in CHF 13.6 million ($17.4 million).
https://t.co/g3OHmkDAef

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The Advertising Standards Authority (ASA) has handed down a ruling on two jewelers who put out promotions for synthetics without qualifying the word “diamond.”
https://t.co/lT4jmpCzu7

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A blue-diamond ring that was set to bring in up to CHF 9.6 million ($12.3 million) at a Sotheby’s auction in Geneva failed to find a buyer.
https://t.co/XS8ywUeUrc

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A Van Cleef & Arpels Zip necklace took center stage at the Phillips jewelry auction in Geneva, where it brought in CHF 619,200 ($793,303).
https://t.co/kaIsvwZZXi

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Titan Company’s jewelry revenue rose in the fourth fiscal quarter, as it introduced new collections and demand improved.
https://t.co/eKVn8Oxixz