Diamond trade upbeat in final week before Christmas. Season strong so far. Retailers with seamless omni-channel programs did best as consumers combined online with pent-up desire to shop in stores. Momentum continuing despite rapid spread of Omicron. Dealers looking for goods but struggling to buy at current price levels. Rough trade robust due to shortages and rising expectations for post-holiday inventory replenishment. De Beers Dec. sight -27% to $332M, estimated 2021 rough sales +72% to $4.8B. Petra sells 32.32 ct. pink rough to Diacore for $13.8M. Rio Tinto appoints Angela Bigg as first female president and COO of Diavik mine. Rapaport wishes everyone happy holidays.
Legendary Christie’s auctioneer François Curiel has overseen some of the most famous jewelry sales, from Elizabeth Taylor’s collection to diamonds worth millions. In an interview with Martin Rapaport, he shares his expertise as the company’s chairman for Europe and international director of its luxury division.