The show reflected a split diamond market: Demand for long fancies and large round stones was solid amid slow trading in bread-and-butter goods.
Sales for full year up 7% to $2.26 billion.
The show reflected a split diamond market: Demand for long fancies and large round stones was solid amid slow trading in bread-and-butter goods.
From ovals to long cushions, the show was strong for exhibitors with the right loose stones. Yet most goods remain weak as tariffs and synthetics continue to impact the market.
Revenue down 0.9% from previous month to $715.4 billion.
Jewelry remains resilient despite younger buyers’ move to experiential purchases.
Company has previously financed its mining projects mainly through internal sources.
Diamond trade gathered in New York to discuss marketing, lab-grown diamonds and traceability.
36-carat stone offered at auction is third-most-valuable item company has ever sold.
The show reflected a split diamond market: Demand for long fancies and large round stones was solid amid slow trading in bread-and-butter goods.
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