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Here are the five most-read stories on National Jeweler last week, according to Google Analytics.
The sale price works out to nearly $48,000 per carat for the Type IIa “Lesedi La Rona,” which is the second largest rough diamond ever found.
But rough diamond sales were up compared to Q4, as dealers in India recovered from the effects of the demonetization policy.
The market saw its 4th consecutive year of growth, benefiting from its favorable pricing compared with gold.
The diamond miner and marketer sold $520 million in rough diamonds in the fourth sales cycle of the year, compared to $636 million in the same period last year.
Meanwhile, prices for yellow and pink diamonds remained relatively unchanged, according to the Fancy Color Research Foundation.
Market sentiment improved in March but the overall trend is more destocking and a shift toward lower price-point merchandise.
After a strong performance in 2016, the price of the metal has continued to rise.
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