Why Rare Colored Diamonds Dominated December 2023 Jewellery Auctions

A 15.51 carat fancy vivid yellow diamond bought for $1.14m earlier at present on the Phillips Hong Kong Jewels Auction, beating its low estimate. The pure color, VS2 clarity, no-fluorescence brilliant-cut stone led the sale, mounted… India’s diamond industry plans to scale back its financial institution financing necessities by a 3rd, concentrating on $4 billion for the current fiscal yr, down from $6 billion in FY23. Traders are specializing in clearing existing inventory rather than accumulating more, which would necessitate additional borrowing. India’s CPD exports are anticipated to hit a five-year low in FY24 with a 25-30% dip to $15-$16 billion. Economic recovery, consumption markets, customer preference, and prudent administration are crucial.

  • It was not immediately clear whether or not she will also should current the fine jewelry, which Villena stated includes a diamond-encrusted Cartier gold bracelet, gold rings and pearl necklaces.
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