Diamond industry news recap - March 30, 2023.

March 30, 2023

Pink Diamond Could Break Price Record at Sotheby’s New York

A 10.57-carat diamond will be the centerpiece of the June 8 New York Magnificent Jewels sale at Sotheby’s, where it is expected to bring in more than $35 million.

The Eternal Pink, a cushion-cut, fancy-vivid-purplish-pink, internally flawless, type IIa diamond, is the most valuable stone of its color ever to appear at auction, Sotheby’s said Wednesday. It also carries the highest price-per-carat estimate placed on any diamond or gemstone, at $3.3 million.

Watchmakers Are Turning Up the Sparkle

Time to shine: Manufacturers are putting a twist on classic setting techniques to get the most out of their diamonds.

Setting diamonds and gems into luxury watches has always been a great value enhancer. These stones are sometimes the only reason a ladies’ watch has any resale value at all. It’s also a great look, but there’s a catch: The diamonds are usually sunk into the metal of the case and bezel, which inhibits light return; barely any light can enter the sides of the gems, and none at all enters the pavilion.

Pinterest’s Female-Forward Trends Support Strength of the Self-Purchaser

For International Women’s Day, which occurred on March 8, Pinterest released a short report on female-forward trends, with data on how women were using Pinterest and what their interests were.

Blue Nile to Close Fulfillment Center, Lay Off Workers

Seattle—Blue Nile is closing its Seattle fulfillment center and laying off more than 100 employees, according to a filing with the Washington State Employment Security Department.

The news was first reported by the Puget Sound Business Journal.

The closure will result in 119 employees being laid off as of July 14.

At Watches & Wonders, a $20M Watch Makes Its Debut

Jacob & Co.’s new “Billionaire” timepiece features more than 200 carats of yellow diamonds.

Unveiled at a special event on the first day of Watches & Wonders Geneva, happening now, the “Billionaire Timeless Treasure” features 216.89 carats of fancy yellow and fancy intense yellow Asscher-cut diamonds.

It took the company three-and-a-half years to acquire the stones necessary for the Billionaire Timeless Treasure. A total of 880 carats of rough yellow diamonds were cut to the nearly 217 carats utilized in the final product.

Pink Diamond Could Break Price Record at Sotheby’s New York

Watchmakers Are Turning Up the Sparkle

Pinterest’s Female-Forward Trends Support Strength of the Self-Purchaser

Blue Nile to Close Fulfillment Center, Lay Off Workers

At Watches & Wonders, a $20M Watch Makes Its Debut

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