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Last September, I wrote an article on lab-grown diamond prices, where I quoted an “industry veteran” as saying that, with lab-grown diamonds being sold at 90% off the Rapaport list, “what’s lower than that? 100%?”
As in September, the company’s sales were up slightly year-over-year but down month-to-month
It follows a few other notable fancy color diamonds at auction this fall, with mixed results.
Press release – De Beers Group [announced Novemebr 16 ] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2022.
Botswana’s president Mokgweetsi Masisi is said to have rebutted a report in Botswanan newspaper Sunday Standard that said the country was “ditching De Beers” and planned to sell all its larger diamonds to rival miner Lucara.
Press release – De Beers is proud to announce Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source.
The success of the synthetic and natural diamond markets depends largely on the narrative of the retail jeweler. Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler’s sales pitch?
Arctic Canadian Diamond Company has unearthed a 71.26-carat rough, which it claims is the largest fancy-vivid-yellow diamond ever found in Canada.
The European Union is proposing a fresh package of restrictions on Russian goods but is leaving diamonds untouched, according to the Politico news website.
Rough diamond sales totaled $500 million, up only about 2 percent year-over-year and down 22 percent from the previous sales cycle.
Jewelry with lab-grown diamonds has comprised around 10% of U.S. diamond engagement ring sales so far in 2022, according to data provided by industry analyst Edahn Golan at Facets 2022, the recent conference held by Antwerp World Diamond Centre.
Press release – De Beers Group announced [October 5] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2022.
