AcuVal jewellery valuations

               Watch and Jewellery Valuations

Valuations and Certificates
AcuVal is a platform that provides an easy way of building up a valuation for a jewellery item and providing a printable certificate. Create and manage valuations and valuation certificates.

Connecting Jewellers and Customers
The platform provides direct and live connectivity between Jewellers and customers. Chat and send messages in real-time. Record communication in one place.

Digital Valuation Certificate Vault
A safe and secure repository for your valuation certificates. Keep your records of your precious items up top date Always ready to send to your insurer or jeweller. Maintain a list of jewellery items and track the value. Your digital valuation certificate Vault becomes your store of value of your watch and jewellery items.

Validation, Advice and Market Prices
In addition to creating the valuation certificate, the platform provides direct links to exchange rates, gemstone pricing markets, laboratories and industry experts. AcuVal provides all of the information you need for an accurate valuation.

Valuation methodology with added intelligence
Build a valuation fast and accurately, using our database of information and guides.

Use our predictive text algorithm to help build your valuation certificate.

Get advice from a global network of laboratories, gemologists and valuation experts.

Benefit from a library of valuations and historical data.

See More: AcuVal

AcuVal jewellery valuations

               Watch and Jewellery Valuations

Valuations and Certificates
AcuVal is a platform that provides an easy way of building up a valuation for a jewellery item and providing a printable certificate. Create and manage valuations and valuation certificates.

Connecting Jewellers and Customers
The platform provides direct and live connectivity between Jewellers and customers. Chat and send messages in real-time. Record communication in one place.

Digital Valuation Certificate Vault
A safe and secure repository for your valuation certificates. Keep your records of your precious items up top date Always ready to send to your insurer or jeweller. Maintain a list of jewellery items and track the value. Your digital valuation certificate Vault becomes your store of value of your watch and jewellery items.

Validation, Advice and Market Prices
In addition to creating the valuation certificate, the platform provides direct links to exchange rates, gemstone pricing markets, laboratories and industry experts. AcuVal provides all of the information you need for an accurate valuation.

Valuation methodology with added intelligence
Build a valuation fast and accurately, using our database of information and guides.

Use our predictive text algorithm to help build your valuation certificate.

Get advice from a global network of laboratories, gemologists and valuation experts.

Benefit from a library of valuations and historical data.

See More: AcuVal

Letšeng Yields Two Diamonds over 100ct.

                              245-carat rough

Gem Diamonds has unearthed two large rough stones from its Letšeng mine in Lesotho, marking the fourth and fifth diamonds from the deposit over 100 carats this year.

The stones — weighing 245 and 102 carats — are high-quality, white, type II diamonds, the miner said Monday. The company found both stones on the same day.

The recoveries follow that of two diamonds weighing 370 and 254 carats in May. The company also discovered a 146.9-carat rough in January.

Output of large stones has been sluggish in the first half of the year as Gem Diamonds mined lower-value areas of the deposit, it explained. In the first six months of the year, the company unearthed three 100-carat-plus diamonds, compared to seven in the same period of 2020. Last year, Gem Diamonds recovered 13 stones greater than 100 carats by September 30, and 16 for the full year.

Source: DCLA

Letšeng Yields Two Diamonds over 100ct.

                              245-carat rough

Gem Diamonds has unearthed two large rough stones from its Letšeng mine in Lesotho, marking the fourth and fifth diamonds from the deposit over 100 carats this year.

The stones — weighing 245 and 102 carats — are high-quality, white, type II diamonds, the miner said Monday. The company found both stones on the same day.

The recoveries follow that of two diamonds weighing 370 and 254 carats in May. The company also discovered a 146.9-carat rough in January.

Output of large stones has been sluggish in the first half of the year as Gem Diamonds mined lower-value areas of the deposit, it explained. In the first six months of the year, the company unearthed three 100-carat-plus diamonds, compared to seven in the same period of 2020. Last year, Gem Diamonds recovered 13 stones greater than 100 carats by September 30, and 16 for the full year.

Source: DCLA

Alrosa Rough Prices Hit Three-Year High

     Nyurbinsky open-pit mine in Yakutia, Russia

Alrosa’s rough-diamond prices have reached their highest level since late 2018, as scarcities have prevented the Russian miner from meeting strong demand.

The company’s rough-price index, which tracks like-for-like valuations, jumped 22% year on year in the third quarter and rose 10% versus the previous three months, it reported Friday.

While the diamond market’s recovery from the Covid-19 crisis eased during the period, sales were still well above 2020 figures. Total diamond revenue climbed 59% year on year to $938.1 million for the quarter, with rough sales gaining 63% to $903.8 million. The average selling price dropped 10% to $99 per carat.

“Jewelry demand is strong in all the key markets,” the company explained. “At the same time, rough-diamond stocks at miners are at minimal levels, as supply structurally dropped.”

The rough market began to recover in the third quarter of 2020 as consumer sentiment returned following the initial coronavirus-induced lockdowns. This led to a strong holiday season for retailers and a buoyant restocking period in the first quarter of 2021, leaving miners with minimal inventory from the second quarter onward.

This lower availability of goods contributed to a decline in sales in the third quarter relative to the second quarter, the miner pointed out.

The price index has advanced 25% since the beginning of the year, hitting a level the company last saw in the fourth quarter of 2018. Its stockpiles increased slightly to 8.6 million carats in the third quarter — up from an almost unprecedented low of 8.4 million carats in the second quarter — but were still down 72% year on year.

This also reflected a 5% year-on-year drop in production to 8.8 million carats. Although sales volume exceeded this, rising 83% to 9.2 million carats, inventories still grew because Alrosa was able to sell some 696,500 carats that it bought from Russian state gem depository Gokhran.

Meanwhile, sales from the miner’s polished-diamond division slipped 4% to $34.3 million.

In the first nine months of 2021, total diamond sales more than doubled to $3.27 billion versus $1.58 billion in the same period of 2020, reflecting the global market rebound. Rough revenues came to $3.13 billion, compared with $1.51 billion a year earlier.

Source: DCLA

Alrosa Rough Prices Hit Three-Year High

     Nyurbinsky open-pit mine in Yakutia, Russia

Alrosa’s rough-diamond prices have reached their highest level since late 2018, as scarcities have prevented the Russian miner from meeting strong demand.

The company’s rough-price index, which tracks like-for-like valuations, jumped 22% year on year in the third quarter and rose 10% versus the previous three months, it reported Friday.

While the diamond market’s recovery from the Covid-19 crisis eased during the period, sales were still well above 2020 figures. Total diamond revenue climbed 59% year on year to $938.1 million for the quarter, with rough sales gaining 63% to $903.8 million. The average selling price dropped 10% to $99 per carat.

“Jewelry demand is strong in all the key markets,” the company explained. “At the same time, rough-diamond stocks at miners are at minimal levels, as supply structurally dropped.”

The rough market began to recover in the third quarter of 2020 as consumer sentiment returned following the initial coronavirus-induced lockdowns. This led to a strong holiday season for retailers and a buoyant restocking period in the first quarter of 2021, leaving miners with minimal inventory from the second quarter onward.

This lower availability of goods contributed to a decline in sales in the third quarter relative to the second quarter, the miner pointed out.

The price index has advanced 25% since the beginning of the year, hitting a level the company last saw in the fourth quarter of 2018. Its stockpiles increased slightly to 8.6 million carats in the third quarter — up from an almost unprecedented low of 8.4 million carats in the second quarter — but were still down 72% year on year.

This also reflected a 5% year-on-year drop in production to 8.8 million carats. Although sales volume exceeded this, rising 83% to 9.2 million carats, inventories still grew because Alrosa was able to sell some 696,500 carats that it bought from Russian state gem depository Gokhran.

Meanwhile, sales from the miner’s polished-diamond division slipped 4% to $34.3 million.

In the first nine months of 2021, total diamond sales more than doubled to $3.27 billion versus $1.58 billion in the same period of 2020, reflecting the global market rebound. Rough revenues came to $3.13 billion, compared with $1.51 billion a year earlier.

Source: DCLA

Diamonds Direct to be acquired by retail giant Signet Jewelers for $490M

      Signet Jewelers agreed to buy Diamonds Direct

The world’s largest retailer of diamond jewelry plans to acquire Charlotte-based Diamonds Direct in a $490 million deal.

Signet Jewelers Ltd. (NYSE: SIG) said today that it has entered into an agreement to buy the local jewelry chain in an all-cash transaction. It would add to the Bermuda company’s portfolio of jewelry brands that already consists of Kay Jewelers, Zales, Jared, H. Samuel and Ernest Jones, among others. Signet operates about 2,800 stores altogether.

“The accretive addition of Diamonds Direct to our portfolio will further drive shareholder value with its distinct bridal-focused shopping experience and add a new entry point as we build lifetime customer relationships and strive to reach our $9 billion revenue goal over time,” Signet CEO Virginia C. Drosos said in a press release.

Shares in the company were trading at $80.88 at 2:30 p.m. today, down about 1.4% from $82.05 at yesterday’s close.

Diamonds Direct is currently owned by private-equity firm Blackstone Group (NYSE: BX), which purchased the company in 2015 for an undisclosed amount.

Diamonds Direct was founded in 1995 in Charlotte. It now has 22 locations in 13 states, as well as an online presence. That includes its flagship store in SouthPark, at 4521 Sharon Road.

The Diamonds Direct leadership team, storefronts and branded offerings will remain in place following the acquisition, according to a company spokeswoman.

“Signet will retain the Diamonds Direct brand and our unique value proposition as a separate banner, and plans to position Diamonds Direct as a new and differentiated luxury offering among the Signet portfolio,” Kelsey Halford Diachenko said in an emailed statement to CBJ.

She added that Diamonds Direct is “really excited about the opportunities” it will have with Signet once the deal closes.

Itay Berger, current president of Diamonds Direct, will report directly to Drosos.

The jeweler has a buying office inside the world diamond exchange in Israel. That allows it to source directly from mines and diamond cutters around the globe, and handpick merchandise.

It offers loose and mounted diamonds, bridal jewelry, diamond and gemstone fashion jewelry, and designer jewelry from America’s top brands.

“As a result of this transaction, everything our customers know and love about Diamonds Direct will just be getting bigger and better,” Diachenko said. “While Signet will infuse their resources into our business to fuel our growth, the heart of who we are, how we operate and what we believe in will not change.”

The deal is expected to be completed in Signet’s fourth quarter of fiscal 2022, putting the anticipated closing date sometime between November and the first of February.

Source: DCLA