The Fortune Pink diamond was the top seller at Tuesday’s Christie’s jewelry auction in Geneva, bringing in nearly $29 million.The 18.18-carat stone, the largest pear-shaped, fancy-vivid-pink diamond ever offered at auction, fetched CHF 28.4 million ($28.9 million) at the November 8 Magnificent.
Mountain Province reported a loss in the third quarter despite record revenue, as the weak Canadian dollar dragged down its bottom line.The company had a net loss of CAD 7.2 million ($5.4 million) for the three months ending September 30, compared with a profit of CAD 8.8 million ($6.5 million).
RAPAPORT. Online retailer Blue Nile has begun offering larger and pricier lab-grown diamonds, including for engagement rings.
The e-tailer, which Signet Jewelers acquired in August, lists synthetic diamonds ranging from under 1 carat to more than 4 carats on its “Design Your Own Ring”.
RAPAPORT. Early projections for the US holiday season are upbeat, but that sentiment hasn’t filtered through to the rest of the diamond market, Rapaport’s editorial team observed.
“I was a bit surprised by the optimism,” noted Senior Analyst Avi Krawitz, chatting with News Editor.
Pandora is holding steady in its sales projections for the year as it rolls out plans to withstand a possible recession, and even expects to hit the upper end of its predicted revenue.Sales will rise 4% to 6% on an organic basis for 2022, the Danish jewelry retailer predicted Tuesday. The.