The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Diamond Prices Remain Stable in March
Steady dealer trading helped to stabilize polished diamond prices last month, even as the outlook for global consumer demand remains uncertain.
New York--Steady dealer trading helped polished diamond prices to remain stable in March, even as the outlook for global consumer demand remains “uncertain,” the Rapaport Group said in its monthly price report.
The RapNet Diamond Index (RAPI) for 1-carat and half-carat diamonds graded by the Gemological Institute of America was flat for the month, while the RAPI for 0.3-carat and 3-carat stones fell very slightly.
The RAPI slipped 0.6 percent for 0.3-carat diamonds and 0.4 percent for 3-carat stones.
In the first quarter of 2016, 1-carat polished prices are up 1 percent; prices for 0.3-carat stones have risen 6 percent; half-carat prices are up 5 percent; and the RAPI for 3-carat diamonds is down 3 percent.
Rapaport said the first quarter of 2016 has proved to be “relatively positive” for the diamond trade, though trading largely has been driven by dealers looking to replenish select inventory to fill existing orders. Jewelers and diamond dealers remain cautious in their buying, uncertain where consumer demand is going.
In Q1, some new polished production sold better than leftover stock, and there was “positive energy” among dealers at the Hong Kong show while there was “frustration” at Baselworld amid cautious European luxury demand and weak economic sentiment.
In the coming months, a larger volume of polished goods is expected to enter the market, given the estimated 20 percent increase in manufacturing levels this year, as companies resumed cutting and polishing diamonds after the drop-off at the end of 2015.
Rapaport said rough diamond demand is expected to soften in the second quarter because polished production has increased more than demand.
Manufacturers’ profitability has returned as polished prices have increased, and Rapaport said that rough from De Beers is in demand, as many believe the company is currently offering the best value to manufacturers.
The Latest
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
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.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.