Graff diamond ring is top lot, beating high estimate to bring in $3.2 million.
Decline in sales narrowed over the second half of the fiscal year.
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Market Comment: June 12, 2025
Las Vegas fairs reflect split market. Luxury show strong, with retailers and consumers buying high-end jewelry. JCK mixed. Jewelry solid. Steady demand for 2 ct. and larger rounds. Long fancies hot. Round goods under 1.20 ct. sluggish. Large retailers postponing orders until tariffs become clearer. Exhibitors with pre-tariff inventory had advantage. Overseas companies that shipped goods through temporary importation under bond (TIB) unable to sell directly. Retailers shifting back to natural as synthetics margins fall. Good trading at Antique and Couture fairs.
Prices and flexibility stable at De Beers sight.
Debswana pauses part of Botswana production.
Indian market quiet.
Martin Rapaport captivates large crowd at JCK breakfast.