Piece will go on sale on December 8 in New York and is one of Pauline Karpidas’s personal jewels.

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Market Comment

The diamond trade’s trusted bulletin for pricing, trends and news

Weekly since 1980

Sentiment weaker as Indian inventory builds up and prices drop in 0.30 to 0.69 ct. rounds. Prices of 1 to 1.49 ct. stable to soft. De Beers sight sees low volumes and steady prices, with attention on sale of the company as talks reach crunch. Dubai Diamond Conference outlines vision for natural industry, focusing on investment-led growth. JGT Dubai show sees good trading despite lower foot traffic, with serious buyers attending. Kering 3Q jewelry revenue +12% YOY to $268M; jewelry brands continue to outpace diamond trade. Luk Fook fiscal 2Q retail sales value +8% YOY; Chow Tai Fook -0.5%. India prepares for Diwali, with sales offices to close for a week and factories for 15 to 30 days.

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