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Top News In Rapaport United States Today - Breaking & Trending Today

Diamonds.net - Pomellato Acquires Minority Stake in Italian Goldsmith

Kering-owned jewelry brand Pomellato has established a long-term equity partnership with an Italian goldsmith company that will help improve its manufacturing capabilities.The minority interest in Valenza-based Costanzo & Rizzetto will provide Pomellato with additional productive capability. ....

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Diamonds.net - 18ct. Pink Diamond Rakes In $29M at Christie's

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. ....

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Diamonds.net - Mountain Province Slips into the Red

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). ....

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Diamonds.net - Signet Expands Blue Nile's Lab-Grown Bridal Range

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”. ....

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Diamonds.net - Podcast: Overoptimistic Retail?

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. ....

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