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RAPI Drops in 1Q, Sotheby's Sells 8ct. Blue Diamond

March Polished Prices Stablize; Violent Crime Up in 2011

Apr 4, 2012 6:00 PM   By Rapaport News
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Certified polished diamond prices were largely stable in March, but retreated for the quarter according to the RapNet Diamond Index (RAPI).   Sotheby's sale of Magnificent Jewels featured an  8.01-carat, VVS1, emerald-cut fancy vivid blue diamond which sold for more than $1 million per carat.  The Jewelers Security Alliance counted more homicides and violent attacks in the U.S. during 2011 than had been the case in 2010. The Diamond Trading Company (DTC) sigtholder directory and the Kimberley Process both launched new web properties to improve navigation and transparency.
Tags: , auction, De Beers, Diamond prices, diamonds, homicides, Kimberley Process, Rapaport News, Sotheby's
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