A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Prices for Rough at TAGS Tender Exceed Expectations
Sale of specials achieves 95% sell-through rate.
What Sold at JCK Las Vegas (and What Didn’t)
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.
Trade shows can both reflect and boost the market. Often, they serve as a forum for the prevailing trends to play out over the course of a few days. Sometimes they kickstart sentiment because buyers have been waiting until the fair to place orders.
The loose-diamond area at the recent JCK Las Vegas shows leaned more toward the reflection role. The diamond categories that have been strong in recent months — notably long fancies and 2-carat and larger rounds — sold well. The more standard goods that used to be the bedrock of the US market were harder…
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