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Diamond dealers are echoing the same sentiment expressed by jewelers--they gotta feeling that this year is going to be a good, good year.
At 1,109 carats, the Lesedi la Rona is the second largest rough diamond ever discovered, smaller only than the Cullinan Diamond dug up in 1905, which weighed in at 3,016 carats.
The Lesedi la Rona, which failed to sell last summer, likely will be offered via a sealed bid tender in 2017.
Rapaport Group said optimism in the U.S. market ahead of the holiday season lifted prices.
Prices of fancy colored pink and blue diamonds are up, but partially offset by continued price declines in lower-cost, commercial yellow diamonds.
Prices for 1-carat diamonds slipped 2 percent, as the middle of the pipeline remains sufficiently stocked with goods to meet retail demand.
Diamond prices fluctuated little between August and September, the latest report from the Rapaport Group shows.
The sale, which offered emerald and amethyst from Zambia, indicated a softening in demand for lower-quality gemstones in some markets.
It was a mixed bag for polished diamond prices in the month of August while De Beers’ rough diamond sales totaled $630 million in its seventh sales cycle of the year.
One-carat polished prices slid again while prices for 3-carat stones and smaller goods remained flat or rose very slightly, according to Rapaport.
National Jeweler

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