The US polished diamond trade slowed in April, with imports declining and exports stable. The drop in import value reflects both a lower volume and average price. Polished imports volumes 682,140 carats -9% Average price of polished imports $2,193/carat -12% The US, the world’s largest diamond retail market, is a net importer of polished. As … Read more
The Nizam of Hyderabad’s diamond encrusted ceremonial sword and Shah Jahan’s jade hilted dagger are some of the items being put up for auction. Several precious artefacts of the Nizam era and diamonds mined from Golconda during the Qutb Shahi period will be put up for auction at global auction house Christie’s at New York … Read more
Russian police uncovered around $3 million worth of stolen diamonds, and over $2.5 million in cash, at the homes of a criminal ring operating inside state-controlled diamond producer Alrosa, authorities said on Monday. Alrosa, the world’s largest producer of rough diamonds in carat terms, confirmed that security services had uncovered an ongoing diamond theft ring … Read more
Royal bride Charlotte Casiraghi of Monaco channeled her grandmother Grace Kelly as she celebrated her marriage with glittering evening reception. Charlotte, 32, donned a stunning diamond necklace once owned by the actress as she joined new husband Dimitri Rassam, 37, for the gala dinner at a private mansion on Saturday night. The couple, who tied … Read more
Sales performed below expectations for Tiffany & Co during the first quarter of 2019. For the three months ended April 30, worldwide net sales fell by 3% to $1bn compared to the previous year, and comparable sales declined by 5%. On a constant exchange rate basis, net sales were equal to the prior year and … Read more
