Move reflects market shift to higher-value diamonds.
Category: Polished
Shipment volume slumped, but average price increased.
Inflation is likely to cause a split in the market.
Emerald-studded ring by Metagolden is a physical piece with a digital twin.
News: Trading seasonally quiet during summer lull. Lack of sales to Far East weakening sentiment, with US demand supporting market. Increasing concern about impact of inflation and higher interest rates on mid-income consumers. Holiday outlook positive.
The International Gemological Institute (IGI) will perform valuation services for the pieces listed on Luxus, a precious-gem and high-jewelry investment platform.
Pritesh Patel, chief operating officer at the Gemological Institute of America (GIA), explains the organization’s digital strategy in this episode of the Rapaport Diamond Podcast.
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.
The American Gem Trade Association (AGTA) has named Texas-based jeweler John Ford as its new CEO, the industry group announced this week. He succeeds Douglas Hucker, who stood down in March after 24 years.
Fancy-color diamond prices increased in the second quarter of 2022 as demand strengthened and supply became tight, according to the Fancy Color Research Foundation (FCRF).
Diamond trading slowed in July as US dealers closed for the two-week summer break. Economic and geopolitical uncertainty fueled caution, leading to a decline in polished prices.