Jewel was from the collection of Queen Nazli, former queen mother of Egypt.
Brian Stamey of Florida jeweler IDC explains how the levies are impacting the US retail market.
1-carat RAPI down 1.4% in July.
Dealers expect a late season as large US jewelry retailers keep leaner inventories.
The inventory dilemma plaguing the market today is about more than the number of diamonds in the safe.
Offloading inventory at reduced margins supported sales amid difficult market conditions.
Allison Vigil, president of the Signet-owned retailer, explains the shift from rental to selling secondhand pieces.
Rough of 2.50 to 4 carats has been strong for two months, leaving some perplexed amid mixed polished sales.
The world’s largest polished manufacturer has adopted a sales model that mushroomed in popularity during the market downturn.
Andrew Rickard, president of the Jewelers Board of Trade, stresses the importance of checking customers’ credentials.
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.