Pink Diamond Nabs Supreme $11M Price at Christie’s
Cushion brilliant-cut, 15.48-carat stone is top seller at Hong Kong Magnificent Jewels auction.
133ct. Yellow Diamond to Lead Sotheby’s New York
Unmounted stone has a high presale estimate of $5 million.
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Market Comment - Nov. 23, 2023
Dealers gaining confidence as Thanksgiving kicks off holiday retail season. NRF predicts record 182M shoppers over long weekend.
Polished prices stable. Inventories of rounds down. Steady trade demand for round, 1 to 3 ct., F-I, SI1-SI2 diamonds.
Rapaport issues consumer alert warning that some retailers overcharging for synthetic diamonds.
Indian manufacturers closed for extended Diwali break. India’s import freeze impacting rough producers, with Stornoway entering insolvency and Lucapa reviewing exploration costs at Merlin.
Sarine 3Q revenue -28% to $10M, loss of $1M vs. profit of $2M in 2022.
China weak amid ongoing economic slump.