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Price Check on Largest Green Diamond in the World: Probably About $20 Million

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It’s the main attraction of an upcoming auction in Hong Kong.

Despite underwhelming global demand, platinum sales in North America have increased by more than a third over the last six years, Business Insider writes. The article says this can be attributed to a steep drop in prices, which have hit seven-year lows at just above $800 an ounce – down 65 percent from 2008. The result of lower prices? Greater margins.

"When you have better margins, it becomes a virtuous circle,” Metals Focus analyst Philip Newman told the business news outlet. “When margins are better, jewelers are better disposed to take platinum, advertise it, and through advertising, boost sales."

Read more at Rapaport

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If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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