DuncanEnterprises

Namdia Advertorial: Fulfilling the Promise

On September 15th, 2022, next to the breathtaking vista of the Namibian coast as a setting, NAMDIA revealed a new chapter in its quest to capture more value for the diamonds it handles on behalf of the people of Namibia. At an event opened with remarks by the Governor of the Erongo Region, NAMDIA uncovered a diamond that represents a first in Namibian history; the Eumbo Star.

Read more here: http://ow.ly/LIrh50KW7XM

Magnificent!

Christie’s expects this 18.18-carat, fancy-vivid-pink diamond to fetch up to $35 million at its November 8 Geneva Magnificent Jewels auction.

Read more here: http://ow.ly/jb1F50KYgKs

📷: Christie's

Rapaport Weekly Market Comment:

Polished market flat during summer lull. US jewelers optimistic for 2H despite economic uncertainty and inflation +9.1% in June. Rough prices stable at De Beers sight. Manufacturers competing for responsibly sourced rough. Cutters have reduced operations due to scarcities and lower polished demand; larger factories shifting between natural and lab-grown production based on availability and price trends. Gahcho Kué 2Q production -29% to 1.3M cts. Chow Tai F**k 1Q sales -4% due to China pandemic resurgence. Watches of Switzerland FY revenue +37% to $1.5B, profit doubles to $121M. Iris Van der Veken named executive director of Watch & Jewellery Initiative 2030 for sustainability.

Read more here: http://ow.ly/Xoai50JVTSG

📷: Shutterstock

Natural vs Synthetic Diamonds response poll