rapaport2d
Sotheby’s Eyes $4.3M for Pink Diamond Ring
A pink-diamond ring is set to lead Sotheby’s upcoming New York auction, carrying an estimate of up to $4.3 million. The piece, by designer Valentin Magro, bears an emerald-cut, 7-carat, ...
rapaport3d
De Beers Hopes to Seal Botswana Deal in ‘Days and Weeks’
De Beers envisages finalizing its talks over a sales agreement with the Botswana government soon, CEO Al Cook said after meeting with the country’s new president, Duma Boko. “We see the negotiations ...
rapaport3d
Early Holiday Shopping Buoys October US Retail Sales
US retail sales rose in October as a strong job market and falling energy prices fueled early holiday shopping. Revenue rose 0.4% from the previous month to $718.9 billion — adjusted for seasonal ...
rapaport3d
Fenix and Dholakia Acquire Lusix in $4M Joint Deal
Fenix Diamonds and Dholakia Lab-Grown Diamond have jointly acquired Israel-based synthetics producer Lusix for $4 million. The companies offered similar terms while bidding on Lusix, which filed for ...
rapaport3d
Central African Republic Reinstated to KP After Decade-Long Absence
After an 11-year embargo, the Kimberley Process (KP) has readmitted the Central African Republic (CAR) as a full participant, bringing its membership to 60. The African country will now be able to ...
rapaport3d
Thanksgiving Weekend to See Record 183M Shoppers
Roughly 183.4 million US consumers plan to shop in-store or online over the five-day Thanksgiving weekend this year, a rise of more than 11 million from 2023. The estimate, reported as part of a ...
rapaport9d
Is the New Natural-Diamond Marketing Campaign ‘Worth the Wait’?
Natural diamonds have taken a big hit in the past few years. From the highs and lows of Covid-19 spending on luxury, to economic uncertainty and an oversupply in the midstream that has led to a ...
rapaport6d
What’s on the New Botswana President’s To-Do List?
Botswana’s new president, Duma Boko, has many pressing tasks as he enters the hot seat. His decisions will be of importance for the diamond industry. From the De Beers sales deal to the government’s ...
rapaport7d
GEMTalks: How Natural and Lab-Grown Diamonds Differ
The distinguishing features of mined and synthetic diamonds will be in the spotlight at Rapaport’s next GEMTalks session. Dr. Ulrika D’Haenens-Johansson, senior manager of diamond research at the ...
rapaport6d
For Diamonds, Trump’s Return Could Go Either Way
Since Donald Trump’s reelection as US president on November 5, one respected member of the diamond and jewelry community sent this reporter an animated dancing Trump GIF, while another called him a ...
rapaport13d
Three Data Points That Could Signal a Strong Holiday
US retail figures for September and October were promising. Consumer confidence, jewelry revenues and overall spending increased amid growing sentiment about the economy, even before the stock-market ...
rapaport13d
Diamond Market Dares to Believe in Botswana’s New President
It’s hard to analyze politics as it happens, because we see only the tip of the iceberg. Over time, the dealings that occur behind the scenes tend to become clearer. For now, however, it looks as ...