After sky-high increases in diamond prices last year, they’re finally coming back down to earth, according to research group Rapaport.
The group said the price for one-carat diamonds dropped 13.7 percent year-over-year in June. During the first half of 2012, prices for one-carat diamonds fell 3.6 percent, with the steepest declines occurring during the latter part of May and through June.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)