Sotheby’s April 19 Magnificent Jewels auctiongenerated US$29,886,875, with diamonds and jewels from private collections topping the sales. The top lot was a platinum ring set with a cushion brilliant-cut fancy purplish pink diamond weighing 12.45 carats, which fetched US$4.56 million. The piece was earlier valued at US$3 million to US$5 million. Another top-performing lot was a … Read More →
Diamond jewellery demand by US consumers reached a record level of US$39 billion in 2015, up 5 percent from a year ago, according to industry data published by The De Beers Group of Companies. De Beers attributed the increase in sales to sustained economic recovery in the US, higher levels of job creation and wage growth. … Read More →
While many jewellers have become more wary of expanding their networks due to global economic conditions, Shanghai Lao Feng Xiang Co Ltd, one of the oldest jewellery houses in mainland China, continues to widen its presence in the Greater China region, paying special attention to prime locations and product diversification. Founded in 1848 in Shanghai, … Read More →
Swiss luxury brand Gübelin highlights its passion for coloured gemstones through a one-of-a-kind sapphire and diamond ring that celebrates one of nature’s most alluring creations, the jellyfish. Dubbed the Glowing Jellyfish, the ring was inspired by a sapphire inclusion that evokes the movements and the grace of a jellyfish. Set in platinum, it features a … Read More →
UAE-based Pure Gold Group will invest AED 1.2 billion (approximately US$400 million) to expand its regional operations over the next decade. While the primary investment will be in the jewellery sector, the company will also invest AED 200 million (about US$54 million) in other sectors and in its luxury sunglasses retail chain La Moda Sunglasses, … Read More →
Luxeford Hong Kong Ltd is presenting an expansive array of diamonds and coloured gemstones in its spring sale of fine jewellery scheduled for May 16, following a three-day public exhibition. The top lots include a 14.36-carat D-colour VVS1 diamond ring and a 10.15-carat diamond ring, both with triple excellent grades, estimated to fetch HK$16 million … Read More →
Diamond jewellery demand in 2016 is likely to be affected by subdued global economic growth. Led by a sharp decline in production of polished diamonds and jewellery in India in the second half of 2015, the global market in precious ornaments fell to $79 billion, from $81 bn the previous year. Indian diamond processors’ inventory … Read More →