Sales of rough at BlueRock Diamonds increased in 2020 as the miner increased production at its Kareevlei deposit in South Africa.Sales volume rose 29% to 16,290 carats for the year, BlueRock said Tuesday. In addition, the miner sold goods in December 2020, but it did not hold a sale for the.
RAPAPORT. Sales at Hong Kong-based jeweler Chow Tai Fook grew almost 18% in the last three months of 2020 as a recovery in mainland China outweighed weakness in its home territory.
“In light of the easing Covid-19 situation in mainland China, business there sustained an encouraging.
RAPAPORT. Lucapa Diamond Company has sold $5.6 million worth of rough to manufacturer Safdico via a partnership the two companies formed last year.
The Graff subsidiary bought 4,676 carats of diamonds from the Mothae deposit in Lesotho at Lucapa’s first sale of goods from the site this year, the miner reported Monday. The sale achieved an average price of $1,198 per carat, the highest Lucapa has achieved for Mothae run-of-mine goods since commercial production began in the fourth quarter of 2019.
The parcel included a 101-carat, D-color diamond that Lucapa recovered in December the most valuable the company has found at the mine, it said.
RAPAPORT. Tiffany & Co. will offer a necklace featuring an 80-carat diamond, expected to be its most expensive piece ever, at the reopening of its New York Fifth Avenue flagship store next year.
The oval-cut, D-color, internally flawless stone, which the jeweler sourced from Botswana and will set in-house in New York, is at the center of the piece, Tiffany said Tuesday. It is also the largest diamond the company has ever offered. Only the 128.54-carat, yellow Tiffany Diamond worn by both Audrey Hepburn and Lady Gaga is larger, and that piece is not for sale.
The jewel is a reimagined version of a Tiffany necklace created in 1939 for the World’s Fair, which features an aquamarine in place of the diamond. The unveiling of that piece set the stage for the original opening of the flagship store on the corner of 57th Street and Fifth Avenue in 1940.
New Book Reports Favorable Forecast for Luxury What’s in store for the luxury sector over the next decade? Industry analyst, marketer and author Erwan Rambourg offers his predictions. Jan 12, 2021 4:15 AM By Joyce Kauf
RAPAPORT. Erwan Rambourg is certain that luxury sales will increase in the coming decade as companies adapt to emerging trends and respond to societal forces. The industry analyst previews this new landscape in his recently released book
Future Luxe: What’s Ahead for the Business of Luxury complete with “21 predictions for ’21 and beyond.”
How has Covid-19 impacted the luxury industry?
After a decade of very strong top-line growth, luxury brands had become somewhat complacent. Even in this crisis, there are some silver linings that will turn our focus to change