Grib Diamonds, which markets rough from one of Russia’s largest mines, has canceled next month’s auction after a bank blocked customers’ payments at a previous sale.“In order to avoid a similar situation during the next auction, and due to the fact that Grib Diamonds has no influence on the.
RAPAPORT. Retail jewelers must give a more honest account of the contribution natural diamonds make to communities and the environment or risk having mistruths embedded in the consumer psyche, industry analyst Kieron Hodgson cautioned on the Rapaport Diamond Podcast.
“Retail outlets.
s Queen Elizabeth II was celebrating her Platinum Jubilee in the UK this summer to mark an impressive 70 years on the throne, platinum jewelry was seeing robust sales in the US. While the two achievements are unrelated, the 19th-century tradition of naming a rarely accomplished 70th anniversary.
LVMH head Bernard Arnault famously said that “luxury goods are the only area in which it is possible to make luxury margins.” But what does it actually take to shed the commodity tag and position a product firmly as luxury? More importantly, how can we apply this to the diamond and jewelry.
More than 100 extremely rare timepieces from a single owner will make their auction debut at a Christie’s sale later this year.The 112 watches were collected over a 40-year period and include some of the earliest pieces by Patek Philippe, Rolex and other well-known makers. The sale, called.