Sotheby’s Magnificent Jewels auction in Hong Kong generated more than $US49 million ($AU73 million) in sales despite the surprise withdrawal of a number of headline items.
The Gemological Institute of America (GIA) has received some negative industry feedback over the recent decision to issue digital grading reports instead of paper certification.
De Beers plans to allocate more of its rough to manufacturing units in Africa next year, according to sightholders, resulting in less supply for other cutting operations amid a drop in the miner’s overall output. A greater proportion of De Beers’ diamonds.
As retailers and suppliers alike bid farewell to a tumultuous and unpredictable 2022, diamond industry analysts outline their thoughts about the road ahead and how the retail market in 2023 will be affected.
As suppliers and retailers alike bid farewell to a tumultuous and unpredictable 2022 and look ahead to the new year, diamond industry experts have shared their vision of the road ahead.