CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Company sees revenue drop 10% in first nine months of 2024.
High gold prices and significant drop in demand for natural-diamond jewelry hurt sales.
One of the top items is a Burmese ruby and diamond ring estimated to bring in up to $158,289.
In total, only about one-third of brands will see positive growth during the year, compared to two-thirds in 2023.
There is some optimism that a positive US shopping season will stimulate trading to reduce inflated inventory levels.
Strong employment market and falling energy prices also boost spending.
Both companies agreed to keep Israel lab open and retain staff.
CEO Al Cook holds first formal meeting with new president, Duma Boko.
Group also admits Uzbekistan as a new member, bringing count to 60.
7-carat piece by Valentin Magro to lead New York Magnificent Jewels sale on December 11.