Rapaport Market Comment - November 10, 2022

Rapaport Market Comment - November 10, 2022

Rapaport - News     •     November 10, 2022, 10:30 am

News: Polished trading cautious as Indian suppliers return from Diwali break. US driving demand. Focus on memo as jewelers limit inventory during economic uncertainty. Rising expectations for the…

De Beers Blue Diamond Fails to Sell at Sotheby’s

Rapaport - News     •     November 10, 2022, 9:32 am

RAPAPORT... A blue diamond weighing more than 5 carats failed to find a buyer at Sotheby’s Geneva on Wednesday despite being billed as the star of the auction. The cushion brilliant-cut, 5.53-carat,…

Asian Star Sees Revenues Increase

Rapaport - News     •     November 10, 2022, 9:30 am

RAPAPORT... Sales and earnings rose at India’s Asian Star in the second fiscal quarter, driven by strong growth in its diamond manufacturing division.Group revenue jumped 15% year on year to INR…

Pomellato Acquires Minority Stake in Italian Goldsmith

Rapaport - News     •     November 10, 2022, 8:35 am

RAPAPORT... Kering-owned jewelry brand Pomellato has established a long-term equity partnership with an Italian goldsmith company that will help improve its manufacturing capabilities.The minority…

Positive Mood at GemGenève Fair

Rapaport - News     •     November 10, 2022, 4:57 am

RAPAPORT... A surge in visits to the GemGenève show signaled strong orders despite global economic uncertainty. More than 5,000 people attended the Swiss gem and jewelry fair’s fifth edition from…

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