Auction price records were broken in late 2014 as ultra-wealthy buyers vied for rare, important gemstones.
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US Christmas jewellery sales increased slightly from 2018. Online buying surged, while foot traffic in retail stores slowed.
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On Oct. 7 in Hong Kong, a 118.28 ct D-Flawless sold for more than $30 million, becoming the most expensive colourless diamond ever sold at auction.
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World-renowned jewellery artist Paula Crevoshay displays some of her newest pieces at the Tucson gem shows.
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De Beers’ recent rough price increase has caused some concern among manufacturers who have just begun to return to profit after two years of struggle.
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US seasonal sales predictions are better than expected. Sotheby’s Hong Kong auction features a 100 ct yellow diamond necklace by GIA alumna Anna Hu.
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All eyes are on the upcoming jewellery sales events in the US – the Luxury and JCK shows in Las Vegas – as business slows down in other parts of the world.
Read MoreThe building blocks are in place for a strong 2018 U.S. holiday season. Plus, diamond market updates and upcoming auctions.
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The deal is likely to mean big changes for the online diamond retailer. Plus: Rio Tinto offers record quality of fancy colour diamonds.
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