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After a strong performance in 2016, the price of the metal has continued to rise.
Jewelers haven’t been replenishing their stock like expected, and diamond prices have softened slightly.
Ruby production also was down, though Gemfields CEO Ian Harebottle noted a “buoyant” start to the year for the luxury market.
The holiday season was “mediocre,” Rapaport Group said, and the diamond industry needs to tread lightly in 2017.
The diamond miner and marketer sold $720 million in rough at its first sales cycle of the year.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.
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