The California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
Polished Diamond Prices Climb Again
Shortages following a “reasonably good holiday season” in the United States spurred another increase in polished diamond prices, Rapaport said Tuesday.
New York--Shortages following a “reasonably good holiday season” in the United States spurred another increase in polished diamond prices, Rapaport said Tuesday.
The Rapaport RapNet Diamond Index (RAPI) for 1-carat, GIA-graded diamonds rose 0.9 percent in January, while the RAPI increased 5 percent for both 0.30-carat and 0.50-carat diamonds.
The only size tracked by the RAPI to record a drop in January was 3-carat stones, with prices down 0.5 percent.
U.S. jewelers replenishing stock sold during the season, as well as making some additional inventory purchases, drove polished trading globally. However, uncertainty remains as consumer demand is sluggish in emerging markets and the strong U.S. dollar is putting a damper on consumer spending in the U.S.
In a statement released Jan. 28, Rapaport Group Chairman Martin Rapaport said the group expects a “healthy” diamond market to emerge as long as De Beers “continues on a responsible path”--keeping rough prices in line with market conditions.
He also said the group’s mid- to long-term outlook for both the global economy and the diamond market is positive, as long as consumer demand for diamonds remains stimulated.
Calculated monthly by Rapaport, the RAPI is based on the average asking price in hundred $/carat of the 10 best-priced diamonds, for the top 25 quality round diamonds (D-H, IF-VS2, RapSpec-A3 and better) offered for sale on the company’s diamond trading network, RapNet.
January marks the third month in a row that polished diamond prices have increased after slumping for the better part of a year. The RAPI for 1-carat diamonds increased about 2 percent in December and was up 1 percent in November.
Despite the three-month uptick in polished diamond prices, they still remain below what they were a year ago as manufacturers seek to reduce excess inventory.
The RAPI for 1-carat diamonds is down 4 percent year-over-year and it’s dropped 8 percent for 0.30-carat diamonds, 9 percent for half-caraters and 14 percent for 3-carat stones.
The Latest

A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.

The deadline to apply is Nov. 13.

Submit your pieces for a chance to win in this year's competition.

The auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.


Zaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.

Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.

The “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.

Nelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.

Cat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.

Arnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.

The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.

The stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.

Engagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.

Former Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.

The veteran luxury packaging executive was appointed to help the company grow its North American business.

Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.

The “Worn Well” collection is Catbird's take on classic men's jewelry.

This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.

The employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.

The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.

The package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.

The new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.





















