Luk Fook Sales Rise Amid Hong Kong Rebound
Performance in municipality outweighs weak Chinese diamond demand.
Why Is the Diamond Market Seeing an Uptick?
Sentiment is improving, but it’s unclear if any recovery will last.
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Cushion brilliant-cut, 15.48-carat stone is top seller at Hong Kong Magnificent Jewels auction.
Auction
November 28, 2023
Polished exports declined in October, latest figures show.
Industry
November 27, 2023
Economic headwinds, Chinese caution and the threat of lab-grown are the trade’s current concerns. But the recurring difficulties that existed before Covid-19 have not gone away.
Industry
November 23, 2023
Manufacturers should have bought more carefully, says managing director Mmetla Masire.
Interviews
November 22, 2023
Rapaport Statement - Nov 21, 2023.
Rapaport Press Release
November 21, 2023
Hot Topic: Lab-Grown Diamonds
Rapaport Statement - Nov 21, 2023.
Rapaport Press Release
November 21, 2023
Martin Rapaport braces for fundamental changes in the industry.
Lab-Grown
October 2, 2023
Miner tested out different cost options during trial of Lightbox engagement rings.
Lab-Grown
September 18, 2023
Amish Shah of Altr Created Diamonds reports from Dubai.
Lab-Grown
July 18, 2023
Some jewelers are keeping their synthetics sales low-key to avoid pushback from the trade.
Lab-Grown
January 19, 2023
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Market Comment - Nov. 30, 2023
Market improving as holiday shopping begins. Round prices up 2% to 3% since mid-Oct. in some categories and 5% in 0.30 ct. SI1s, but discounts remain high.
Strong Black Friday online sales.
Steady US demand for 1 to 2 ct. commercial goods boosts India trade as Mumbai offices reopen. India Oct. polished exports -33% YOY to $1.3B, rough imports +9% to $1B as manufacturers bought ahead of shipment pause.
Some retailers abandoning synthetics amid falling profits; “authentic” is Merriam-Webster word of the year.
Cushion, 15.48 ct., fancy-intense-pink, IF diamond fetches $10.8M ($694K/ct.) at Christie’s HK.
World Wildlife Fund urges industry to improve sustainability efforts.