RAPAPORT… The American Gem Trade Association (AGTA) has announced its newly elected board of directors who will take office in February 2016 for three-year terms. Jeffrey Bilgore, of Jeffrey Bilgore, LLC, was elected President. Cynthia Renée (Marcusson), of Cynthia Renee, Inc., and Avi Raz, of A & Z Pearls, Inc., were likewise re-elected the board.... Read More

RAPAPORT… Tiffany & Co. wants to enhance its customers’ in-store experience by improving client service and increasing store space by 2-3 percent per year, a senior executive of the luxury jeweler told a recent investor in New York. Ralph Nicoletti, executive vice president and chief financial officer, also said Tiffany aimed for mid to high... Read More

RAPAPORT… A blue diamond weighing 12.03 carats and described by experts as internally flawless could sell for a record $55 million (EUR 47 million) when it goes up for auction in November, Sotheby’s said Thursday. The Blue Moon diamond, discovered in South Africa, will be exhibited in Hong Kong, London and New York ahead of... Read More

RAPAPORT… Positive mood at important Hong Kong show which is exceeding seller expectations. Dealer and retailer demand is price sensitive with strong focus on SI-I1 goods for the U.S. market and top grade 3X cut quality. Manufacturers maintaining reduced (-30%-50%) polished production through Nov. Diwali season. ALROSA cuts rough prices 8%-10%, allows 50% deferrals at... Read More