International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
International News
ParaÃba Necklace To Headline Bonhams Paris Auction
81.17-Carat Cushion-Cut Neon- Blue ParaÃba Tourmaline, Set In An Openwork Diamond Mount.
Bonhams will lead its October 29 Fine Jewellery sale in Paris with a Kat Florence necklace centered on an 81.17-carat cushion-cut neon-blue ParaÃba tourmaline, set in an openwork diamond mount. The piece carries an upper estimate of EUR 80,000 ($89,469).
The sale will include more than 180 lots, with jewelry from Cartier, Chaumet, and Buccellati, plus colored gemstones including sapphires, rubies, and emeralds. Among the highlighted lots are a Chaumet 13.70-carat Sri Lankan sapphire ring, estimated at EUR 45,000–65,000, and a Cartier 11.50-carat Madagascar sapphire ring, estimated at EUR 40,000–60,000.
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