The R&M “Lettre”

The largest vivid purple-pink diamond ever to appear at auction has sold for a record $26.6m.

About 38% of independent jewelers are now carrying lab-grown diamonds, according to a new survey by MVI Marketing for the International Grown Diamond Association and InStore magazine.

The war between LVMH and Tiffany & Co. has ended, with both sides agreeing to shave over $400 million off of last year’s $16.2 billion purchase price. Yet, it’s hard to tell who actually won this battle. It looks like they both lost.

There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co.

LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.

Losing no time after the landmark sale of a 102.39 ct. perfect white diamond for $15.7 million, Sotheby’s announced, the [week of October 12], that another “glamazon” is gracing its fall auction lineup.

Press release – After a year of upheaval, this holiday season will be especially meaningful, and gifts will be symbols of hope, love and celebration. 

Last month, a panel of style and diamond jewelry experts converged on Zoom to discuss celebrity style, design trends, and the psychology behind current shopping behaviors.

According to Bain & Company (The Global Diamond Report 2019), the global jewellery market in 2019 was estimated at approximately $330 bn. Diamond jewellery sales are estimated at $80 bn, and its luxury segment accounts for about 10% (~$8 bn) of the sum.

Kathleen Cutler, who calls herself “a modern sales expert for high-end brands,” has been slipping into our Instagram feeds a lot lately. She’s enthusiastically name-checked on the platform by jewelry retailers and brands that rave about how her methodology has boosted their sales with affluent younger shoppers.

Tiffany & Co. plans to achieve 100% traceability of diamonds and precious metals in the coming years as part of a sustainability pledge it released this week.

With the pandemic causing the cancellation of large events, weddings have no doubt been affected. But it’s not necessarily as dire as it sounds—weddings are happening, as are engagements, in a big way.