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Yearly Archives: 2012

9 Carat Pink Diamond Fetches Record Price at Christie’s

The Clark Pink (photo courtesy of Christie's) The Clark Pink, a ring-set, 9 ct. cushion-cut, fancy vivid purplish pink diamond, took in a jaw-dropping $15.7 million at Christie's April 17 auction—shattering estimates and setting a new record for a pink diamond sold at auction in the U.S. The winning bid far exceeded Christie’s estimate of…
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Supreme Court Denies Petition in De Beers Class Action Law Suits

RAPAPORT...Press Release:  The Jewelers Vigilance Committee (JVC) has been notified that on April 2, 2012, the U.S. Supreme Court denied a petition for certiorari filed by members of the indirect purchaser class. A second petition for certiorari filed by another member of the indirect purchaser class is still under consideration by the Supreme Court. The…
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Polished Trading Advances on Steady Far East, U.S. Demand

Rough premiums rise as market sentiment improves. Polished trading advancing on steady Far East and U.S. demand. India's polished trade slumps in Feb. with exports -54% to $1.4B, imports -80% to $476M, rough imports +21% to $1.3B. Indian domestic market cautious as jewelers strike against tax hike on precious metals imports. U.S. retail demand stable:…
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