Move reflects market shift to higher-value diamonds.
Category: Polished
13.15-carat gem will headline New York Magnificent Jewels sale.
Stone was estimated to fetch up to $15 million in Geneva.
The second edition of the Swiss show this year enjoyed a jump in traffic, which bodes well for the top-tier gemstone and jewelry market.
Early projections for the US holiday season are upbeat, but that sentiment hasn’t filtered through to the rest of the diamond market, Rapaport’s editorial team observed.
Sale price hits just above lower end of estimate.
Former De Beers executive Angela Betteridge will lead board.
Chanel executive Marianne Zani joins organization’s board.
RAPAPORT PRESS RELEASE, November 2, 2022, Las Vegas… Diamond trading was cautious in October as demand softened.
6.25-carat gemstone salvaged from fabled Nuestra Señora de Atocha shipwreck of 1622.