Alrosa’s diamond sales remained stable in May as manufacturers continued to show demand despite challenges in the Indian market, the miner said Thursday. Revenue from rough and polished goods stood at $365 million, down 9% from $401 million in April but higher than the $40.1.
Diamond market upbeat as orders stream in; dealers frustrated with sourcing difficulties. Prices firm due to supply shortages and steady US and Chinese demand. Rough trading strong as De Beers raises prices by estimated 5% for goods above 2 ct. Major jewelers gaining market share with robust.
A diamond necklace by designer Andrew Clunn smashed its estimate at Sotheby’s on Wednesday, selling for $4.1 million at the company’s New York auction.The piece, set with 28 graduated, oval-shaped diamonds weighing more than 168 carats combined, achieved a price well above its $3 million high.
RAPAPORT. Sales at Signet Jewelers stormed past the company’s expectations in the first fiscal quarter as the retailer’s new strategy helped it capitalize on resurgent consumer demand.Revenue jumped 98% year on year to $1.68 billion in the 13 weeks that ended May 1 amid buoyant in-store.
The 54.03-carat Chrysler Diamond necklace was among the top sellers at the Christie’s Magnificent Jewels sale in New York, bringing in $5.1 million.The pear-shaped, D-color, internally flawless stone was originally purchased by Harry Winston in 1958 from the estate of Thelma Chrysler Foy, the.