Diamond Report #115

Global Diamond Production Continues to Decline Rio Tinto’s Rough Output -37% Rio Tinto’s total rough diamond output declined 37% year on year to 2.841 million carats during the fourth quarter that ended on December 31.  The company attributed the sharp reduction in output to a maintenance shutdown and the transition from open pit to underground […]

Read Report

Diamond Report #114

Auction & Trade Show Activity Sotheby’s Jewelry Sales Top $602M Sotheby’s worldwide jewelry auctions totaled $602.5 million in 2014, representing a new record for the auction house and well above sales of about $572 million in 2013. During the year, Sotheby’s sold more than 3,900 jewelry lots, 77 jewels topped $1 million and 69% of […]

Read Report

Diamond Report #113

Global Jewelry News Richemont’s 3Q Sales +4% Richemont reported that its sales increased 4% year on year to $3.59 billion (EUR 3.05 billion) during the third quarter that ended on December 31. Michael Hill’s 1H Sales +4% Michael Hill International reported that revenue improved 3.9% year on year to $227 million (AUD 279.3 million) for […]

Read Report

Diamond Report #112

Diamond Market Activity In Asia, China’s retail sales grew 11.7% year on year, while sales of gold, silver and jewelry grew 11.5% in November to $3.75 billion, making China one of the most important markets for metals and diamonds in the world, with annual sales of over $43 billion total. India also saw strong exports […]

Read Report