By March, measures will encompass goods processed in third countries.
Ring with cushion-cut, 3.49-carat, internally flawless stone leads Magnificent Jewels auction.
Signet Jewelers executives gave an informative address to investors following...
In the latest issue, we discover which estate jewelry eras are in highest demand, how jewelers can harness AI, and why managers should keep an open mind when hiring new sales associates.
Miner achieves highest per-carat figure for more than two years.
Auction also sees strong demand for collections from Hollywood legends Mary Tyler Moore, Barbara Sinatra and Tony Randall.
Drop for 2024 reflects decline in prices, sources say.
1ct. RAPI +0.8% in November.
Miner also announces new organizational structure and executive committee.
Hot Topic: Market Turnaround?
Figure beat NRF’s original prediction by more than 18 million.
Spending on category was 99% higher than average day in October, Adobe reports.
Jewelry market will exceed $32 billion this year amid investment demand, report estimates.
Consumers’ changing spending habits are the real cause of weak retail sales, more so than rising inflation, says consultant David Marcotte.
The market is swinging back after the boom of the last two years, finding its post-pandemic sweet spot as financial uncertainty lingers.
Market Comment - Dec. 07, 2023
US market doing okay, with good demand for select sizes and qualities. Prices for better-quality round, 0.50 to 1 ct., F-I, VS2 to SI2+ goods stabilizing, with shortages of oversizes. RAPI for 1 ct. +0.8% in Nov., 0.50 ct. +1.2%.
Overall market may be starting to bottom out due to reduced supply, but there is danger of future oversupply as India ends voluntary ban on rough imports on Dec. 15.
G7 announces strengthening of Russian sanctions, which later in 2024 will include “Russian Source” diamonds cut elsewhere.
Signet notes bridal recovery after 3Q sales -12% to $1.4B.
Muted New York Magnificent Jewels auctions see totals of $38.4M at Sotheby’s, $38.1M at Christie’s.