The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Diamond Market Update: Sales, Prices Pick Up
Rough diamond sales and polished diamond prices continued their recovery in February, yet caution remains the trade’s watchword as global demand for diamonds still is relatively weak.
New York--Rough diamond sales and polished diamond prices continued their recovery in February, yet caution remains the trade’s watchword as global demand for diamonds still is relatively weak.
In its monthly price report released Tuesday, Rapaport said that polished diamond prices remained firm last month.
The RapNet Diamond Index (RAPI) for 1-carat GIA-graded diamonds rose for the fourth consecutive month, albeit very slightly (0.3 percent). Compared to a year ago, however, 1-carat diamond prices remain depressed, down 8 percent.
Prices for 0.30-carat and 0.50-carat diamonds also were up in February, 0.4 percent and 0.7 percent, respectively.
The RAPI for 3-carat diamonds slipped 1 percent.
Rapaport noted in its report for February, “Midstream Inventory Replenishment,” that the upturn in polished prices is due mainly to shortages in select categories of better quality diamonds, not growth in demand for diamonds at the consumer level.
Retail demand in the Far East remains weak and dealers are looking to the United States for “encouragement” as sales here are steady, but jewelers remain cautious. There are lingering concerns about the economy and the volatile stock market, and there’s also the fact that consumers tend to be more frugal during election years, the report noted.
On the rough side of the market, both Rapaport and De Beers said that it continues to show signs of recovery as excess inventory, which kept manufacturers from buying in the second half of 2015 and caused them to cut back on production, works its way through the pipeline.
De Beers reported Tuesday that preliminary results for its second sales cycle of the year indicate that it moved $610 million in rough diamonds, up from $545 million in the first sales cycle of the year and more than double the $248 million in rough it was selling at the end of 2015. (The $545 million is an actual figure, restated from the provisional $540 million figure De Beers reported in late January.)
Commenting on the results, De Beers Group CEO Philippe Mellier said, “Retailer restocking after the end-of-year holiday season is supporting demand for polished diamonds and, in turn, we are seeing improved demand from the midstream for rough diamonds. However, we remain mindful of the need for a cautious approach as the recovery continues.”
Rapaport Group Chairman Martin Rapaport also is urging caution when it comes to rough diamond prices, noting that “Current polished price levels
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.