Petra Cuts Jobs, Rough-Price Expectations as Market Remains Weak

Like-for-like figures down 7% from previous tender across most size categories.

Alrosa Production Drops Nearly 5% in 2024 

Russian miner reduced output to 33 million carats amid sanctions, waning demand for rough, and low prices.

Lucara Names 2,488ct. and 1,094ct. Rough Diamonds 

Larger stone is called Motswedi, Setswana for a water spring that gives life, while the other is Seriti, which means aura or presence.

Top Lots Go Unsold at Sotheby’s Hong Kong Jewelry Auction 

Blue-diamond ring valued at up to $6.4 million among a number of items that failed to find buyers at Important Jewels sale.

Burgundy Reports Increased Demand for Mid and Large Rough Categories 

Company garners $93 million from two sales in October and December.

Christie’s Gets Glittering Results from Diamonds Offered Without Reserve

Three top pieces all exceed estimates at December 12 Jewels Online sale.

US Sanctions Diamond and Jewelry Companies Involved in Gold Smuggling 

Businesses tied to Kamlesh Pattni, some of which operate in Dubai’s DMCC, are included in list.

Ruby Ring Smashes Estimate Following Bidding Battle at Sotheby’s

Piece fetched $5.5 million against a $2 million upper price tag.

Bonhams New York Jewelry Sale Brings In over $4M

Heart-shaped, 10.22-carat diamond pendant takes top spot, going for $343,400.

Blue Diamond Is Star of Christie’s Sale with Nearly $9M Haul

Some 97% of lots found buyers at December 10 New York Magnificent Jewels auction.

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