Lab also rolling out new comments clarifying impact of fluorescence.
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Company sees deficit of $9.3 million for the 12 months that ended March 29.
Top climbers in second quarter were 1.50-carat, fancy-vivid-blue diamonds, while 3-carat fancy-intense yellows headed list of stones that lost ground.
Mark and Candy Udell will receive the Gem 2026 honor in March.
Store renovations at Tiffany & Co. impacted division’s profits.
Alexis Padis will continue as president.
The inventory dilemma plaguing the market today is about more than the number of diamonds in the safe.
Policy changes at the GIA and HRD Antwerp should help differentiate synthetics from natural.
Pearl trends, African design talent, and a spotlight on Bulgari jewels round out this edition.
Offloading inventory at reduced margins supported sales amid difficult market conditions.
Market Comment: July 24, 2025