It is located in Marin County, California.
Polished Diamond Prices Fall in October
Prices for 1-carat diamonds slipped 2 percent, as the middle of the pipeline remains sufficiently stocked with goods to meet retail demand.
New York--Prices for 1-carat, half-carat and 0.3-carat diamonds fell in October, as the middle of the pipeline remains sufficiently stocked with goods to meet retail demand, according to the Rapaport Group.
The RapNet Diamond Index (RAPI) for 1-carat Gemological Institute of America-graded diamonds fell 2 percent between September and October, and half-carat prices also were down 2 percent.
Prices for 0.3-carat diamonds slipped 0.5 percent.
Three carats was the only size to show a positive price trend in October, with the RAPI showing a 1 percent increase.
Year-to-date, 1-carat diamond prices are down 4 percent, and they are down 3 percent when compared with the same period last year, according to the RAPI.
In its monthly report, Rapaport noted that trading was quiet in the beginning of the fourth quarter due to the Jewish holidays in October, with similar conditions expected this month as Indian factories shut down for Diwali.
Going forward into the holiday season, polished trading will be stable, as dealers work to fill last-minute orders for the holiday season.
Polished prices are expected to remain under pressure, as consumer holiday demand worldwide is not expected to be great enough to necessitate significant restocking across the diamond pipeline.
On the rough side, demand is expected to remain relatively muted in the final months of the year because manufacturers have enough polished inventory and much of the rough bought in the third quarter has yet to be processed.
Regarding the holiday season ahead, Rapaport said it expects moderate growth in U.S. jewelry sales; in its report last month, Rapaport said the holiday season in the United States is “not expected to be stellar.”
The Latest
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
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 announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
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.