Sotheby’s Sale Disappoints as Top Items Go Unsold

NewsBrief

October 7, 2024

The top four lots offered at the most recent Sotheby’s Hong Kong jewelry sale failed to find buyers, with the total auction generating only HKD 86.2 million ($11.1 million).

Signet CEO Gina Drosos to Retire

Retailer names J.K. Symancyk as replacement from November 4.

Gemfields Revenue and Profit Slip Amid Dampened Sentiment

Company’s bottom line also under pressure from investment in processing plants at emerald and ruby mines.

Synthetics Maker Lusix to Sell for $2.5M – Report

Japanese investor to buy troubled Israeli lab-grown-diamond producer.

News Digest

Angola Diamonds Not Under Sanctions, but Russia Link Is Obstacle

(Mining.com)

Ekati Workers Concerned over Benzene Exposure at Mine

(Cabin Radio)

Natural Diamond Supply Has Peaked, De Beers’ Madondo Says

(Mining Weekly)

Events

Rapaport Melee Auction

October 14-23
New York & Dubai

More Details

Rapaport Single Stone Auction

October 14-30
New York, Dubai & Israel

More Details

RapNet Diamond Index (RAPI™)

Diamond Data

Size

Index

Weekly

Monthly

Y2Y

0.30 ct

1,015

-1.00%

-3.60%

-28.34%

0.50 ct

1,658

-1.00%

-4.32%

-14.41%

1.00 ct

4,652

-0.77%

-3.82%

-22.57%

3.00 ct

18,272

-0.79%

-1.80%

-17.29%

Rapaport Investment Grade Diamonds