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1.21 ct Argyle Cardinal

1.21 ct red diamond

Rio Tinto mine in Western Australia sold a 1.21 ct red diamond for a record price, the miner won't disclose the price of the radiant cut rare red diamond, but said the total price for Argyle pink diamonds has tripled over the past decade.

Named the Argyle Cardinal, the diamond is one of 13 red diamonds larger than one carat, and one of 54 pink and red diamonds sold at the latest international tender.

Thursday 30 October, 2014

Christie's Geneva Jewel Auction

Christie’s Geneva magnificent jewels

Christie’s Geneva magnificent jewels Auction on 11 of November, features over 390 lots.

The jewellery auction is estimates sales to exceed $80 million.  

The auction is highlighted by a pair of earrings by Bulgari set with a 6.95 carat fancy vivid blue diamond and a 6.79 carat fancy vivid pink diamond, with an estimate of $12 million and $15 million. 

Tuesday 28 October, 2014

U.S. online jeweller Blue Nile experiments with brick and mortar

Blue Nile

U.S. online jeweller Blue Nile experiments with brick and mortar

With diamond rings on display for shoppers to inspect the gems quality up close. It is the first time Blue Nile has turned to brick and mortar, showcasing products in two Nordstrom stores.

Blue Nile, which reports results next week lets shoppers buy at prices are up to 40 percent below diamonds sold in stores, the company cut its prices in 2012 while increasing its marketing budget, reaching $450 million in sales last year.

We think that over time, the brand builds with incremental sales, incremental customers, all by referral, Binder said.

Blue Nile sold far more engagement rings than biggest online competitor Amazon.

Tuesday 28 October, 2014

Rough 232-Ct Diamond sold for $15M

232.08 carat rough diamond

The exceptional 232.08 ct white diamond was recovered at the Cullinan mine in South Africa.

Cullinan mine owned and operated by Petra Diamonds earned its place in history in 1905 with the discovery of the largest rough gem diamond ever found weighing 3,106 carats.

Petra sold the 232.08 ct gem for $15,219,219 or $65,577 per carat.

Monday 27 October, 2014

Rough Diamonds

Rough Diamonds

DCLA offers the only qualified service for rough diamonds direct from our South African DCW.

Our diamond expertise in the DCW (Diamond Cutting Works) is third generation. 

Tuesday 21 October, 2014

Surat diamond companies financial strength evaluate by banks

$15 billion worth of finance per annum

Diamond companies in India, Antwerp and Dubai receive $15 billion worth of finance per annum.

Leading private and public sector banks have started to visit the Surat diamond hub to evaluate the financial strength of diamond companies that were using large facilities.

After the closure of Antwerp Diamond Bank and the Standard Chartered Bank cutting exposure to the diamond industry alarm bells are ringing in the Indian banking sector.

Bank officials from Mumbai visited diamond companies in Katargam and Varachha, and conducted meetings with their owners on diamond prices and demand of diamonds from the US and China.

Thursday 16 October, 2014

De Beers October Sight Estimated at $460M

De Beers diamonds sight

De Beers sight for October is estimated at $460 million USD. De Beers reported the prices for several different categories of goods were down between 2 percent and 4 percent.

Sightholders also said that De Beers changed the assortment for some of its boxes for higher qualities which may offset the lower prices.

Wednesday 15 October, 2014

8.41Ct IF Fancy Vivid Purple Pink Sells For Record $17.8M

8.41 ct IF Fancy Vivid Purple Pink

Sotheby’s auctioneers announced a world record auction price for a fancy vivid pink diamond. The sale of an 8.41 ct Internally Flawless Fancy Vivid Purple Pink Diamond sold for $17.77 million beating the estimate $13 million to $15.5 million.

The Magnificent Jewels and Jadeite Sale in Hong Kong on Tuesday raised $75 million.

Thursday 9 October, 2014

DCLA has moved to a new office.

DCLA Laboratory

After 13 years the DCLA laboratory has moved to a new office, DCLA now resides at 901/9 floor Citiside House 155 Castlereagh Street. We now have an office with a view. All customers welcome to visit.

Friday 3 October, 2014

Lesotho Storm 23.82 Pink Diamond

23.82 cts Pink

KAO Mine in Lesotho has recovered a second exceptional pink diamond weighing 23.82 cts. The diamond has been named the ‘Lesotho Storm’.

The KAO Mine is the largest diamond-bearing diamond pipe in Lesotho and the fourth-largest in South Africa and Lesotho. The mine regularly produces a broad spectrum of sizes and qualities, including exceptional large white and fancy coloured stones.

Wednesday 17 September, 2014

3.37 Ct Purple Orchid Diamond

3.37 Ct Purple

A fancy intense pinkish purple VS2 diamond will be on display to the public at the Hong Kong Fair, and the Purple Orchid has an asking price of $1.2 million per carat.

The exceptional diamond belonging to Israeli firm Leibish & Co originated from an unnamed South African mine, one of the few in the world where purple diamonds can be found.

There is nothing more unique on the market right now, and this incredible 3 carat purple diamond is more than a cut above the rest.

Tuesday 16 September, 2014

Diamonds not always a buyer’s best friend, dispute shows

EGL (European Gemological Laboratory)

Founded in Tel Aviv in 1974 and now with eight offices worldwide, EGL (European Gemological Laboratory) is the target in a lawsuit in US courts after claims of “over-grading” diamonds, certifying them as being worth more than they really are – a charge the service vehemently denies.

Whether the issue for EGL’s alleged over-certification of the diamonds is fraud – or the result of a decades-old difference of opinion on how to fix and rate the value of stones – will be for the courts to decide.

EGL suffered the latest blow this week when Martin Rapaport, chairman of the Rapaport Group, which publishes an authoritative diamond price list and table that is considered the standard for diamond pricing in the US, said that his service would no longer list stones evaluated and certified by EGL for the all-important “four C’s” that determine the value of a diamond – carat, color, clarity and cut. In a statement, Rapaport said that his service “is opposed to the misrepresentation of diamond quality. The over-grading of diamonds is an unfair practice that destroys consumer confidence and the legitimacy of the diamond industry.”

The brouhaha stems from a series of lawsuits against Genesis Diamonds, a retailer in Nashville, brought by several customers who claim they were sold overpriced diamonds. In one case, a customer paid $135,000 for two stones, one weighing 3.01 carats and the second 3.04 carats, rated as “excellent” and “very good” cuts by EGL. But another appraisal placed the stones a grade lower, at “very good” and “good.” That appraisal valued them at just $22,500. The case was covered on a local Nashville television station, which highlighted the issue of the EGL report. Since then, other suits have been filed against Genesis.

But EGL CEO Guy D. Benhamou said that the reports got it all wrong — the issue is not fraud, but subjective interpretations of what constitutes a “good” diamond. In a statement, Benhamou said that “it is well known that since gemology is not an exact science, the same diamond sent to several gem labs could produce different grading results. You can receive different grades for the same diamond from several different labs. That does not mean that any of the diamond labs made a mistake, it is simply in the nature of the business. Any diamond grader and lab will tell you that.”

Thursday 11 September, 2014

232.08 carat D colour Diamond

232.08 Diamond

232.08 carat D colour Type IIa diamond recovered by Petra diamonds at the Cullinan mine in South Africa. The diamond is of exceptional size and clarity, and is a incredible example of the large, high quality diamonds for which the Cullinan mine is renowned.

Wednesday 10 September, 2014

Gem Diamonds revenue at three year high

Gem Diamonds

Gem Diamonds Ltd has had a 50 percent value increase this year. Rough diamond prices have risen about 14 percent year to date on Chinese demand.

Gem Diamonds average sales were at $2,747 per carat an increase 58 percent. Gem Diamonds Letseng mine in Lesotho has produced some of the world’s biggest diamonds, including the 603-carat Lesotho Promise.

A polished diamond from the Lesotho Promise is at Graff Diamonds in London. Gem Diamonds reported first two quarter profit of $19.7 million. And Gem reported an increase in sales of 54 percent to $148.9 million.

Friday 22 August, 2014

Gem Diamonds recovers 198 ct diamond

198 ct diamond

Gem Diamonds recovered 198-carat the type IIa diamond at its Letseng mine at the end of July. The diamond a top white with no fluorescence will fetch an exceptional price when sold this later this year.

Wednesday 6 August, 2014

Diamond Production Up By 12% De Beers

De Beers

Debswana in Botswana and De Beers Consolidated Mines in South Africa year to date production has increased by 12%.

Total diamond sales were also up 15%, to $3.5 billion. This reflected the reasonably positive outlook for polished diamonds in the key markets of the US, China and India De Beers said in a statement.

De Beers group said that due to the seasonal nature of polished diamond consumption, it expects that H2 will see lower demand for rough diamonds.

Monday 28 July, 2014

Funding Zimbabwe diamond mines risky

Zimbabwe Diamonds

Rand Merchant Bank (RMB) a leading South African bank said diamond mining ventures in Zimbabwe are difficult to fund because of the high political risk and uncertainty in the country.

Zimbabwe has of late rescinded the licence of a diamond company and threatened not to renew those of others.

These policies leave mining firms unable to complete the projects the money was borrowed for and hence are unable to pay their financiers back.

Wednesday 16 July, 2014

Petra Diamonds discovers 122.5 ct blue diamond

122.5 ct Blue diamond discovered by Petra in South Africa

Petra Diamonds has found a 122.5 carat blue diamond at the Cullinan mine in South Africa.

This is the largest blue diamond found by Petra since the mine was sold to Petra by De Beers in 2008.

In February 2010 Petra sold the 507 carat white stone found at the same Cullinan mine for $35.3 million. This stone may break that record.

Cullinan mine is renowned for producing largest and most exceptional diamonds including the worlds largest at 3,106 cts.

Monday 16 June, 2014

DCLA 13 Years old.

DCLA is 13 years old

DCLA Australia's leading diamond grading laboratory has turned 13.

The Sydney based DCLA laboratory is a one of a kind, as the only laboratory in Australia grading to international IDC standards and regulations.

Technologically advanced and accurate the DCLA has been long considered the industry standard, Respect by the discerning trade and consumers.

Thank you for your support and , We look forward to celebrating the milestone with you.

Monday 5 May, 2014

DCLA Synthetic diamond identification

DTC screening and synthetic testing equipment

DCLA Laboratory established in 2001 has always had the ability and equipment to identify synthetic diamonds.

The DCLA laboratory has identified many synthetic diamonds over the past several years.

DCLA is compliant and works strictly to the IDC rules.

As per the IDC rules the Synthetic diamonds Must be disclosed as “Synthetic diamond”.

Labs will have the choice whether or not to issue a grading report/certificate for synthetic diamonds. In case one is issued only a full grading report may be delivered.

If they do not issue grading reports, a short statement with weight, shape and nature of the stone must be available. The term “Synthetic Diamond Examination Report” or “Synthetic Diamond Assurance Report” is suggested for this limited document.

The terms laboratory-created/laboratory-grown/man-made/synthetic diamond may be used. The term “cultured” may not be used in any way to describe synthetic diamonds.

The DCLA will not certificate synthetic  diamonds or diamonds with reversible treatments as this could lead to confusion in the Australian market.

 

Thursday 3 April, 2014

Where's the best place to buy loose diamonds?

www.dcladiamondexchange.com.au

General consensus is to definitely buy online.

Simple reason is online sales don’t have the expense of retail location, security and personnel.

All of these add to the cost of the diamond, but not the value.

But before you do buy, ask these questions.

Do all online diamond sellers ship free of charge?

Can you view before buying, if you wish? 

Is the diamond certified by an IDC or equally highly recognised Laboratory?

Is the diamonds quality guaranteed?  

 

Only at the DCLA Diamond Exchange the answer is yes to all these questions.

The Diamonds are certified by the best laboratories in the world and are Fully Guaranteed.

The shipping is Free across Australia.

And most important, a trained diamond grader will personally show you all the diamonds attributes, as well as explain all the details so that you understand and make an educated decision before you buy.

This is all done as a free service complements of the DCLA laboratory which is the only qualified and state of the art IDC Laboratory in Australia.

 

To buy diamonds click here

Thursday 27 March, 2014

162.06 ct type II Diamond

162.06 carat

Gem Diamonds has sold a 162.06-carat type II stone sold for $11.1 million and a 161.74-carat type I diamond sold for $2.4 million, the two diamonds where recovered at the Letšeng mine.

Gem Diamonds has produced four of the top 20 largest white gem quality diamonds on record.

Thursday 6 March, 2014

Pink star default

59.60 ct Pink Star

Inventory at Sotheby's rose significantly due to acquisition of the Pink Star, renamed the Pink Dream the 59.60 ct, internally flawless, fancy vivid pink diamond which was sold to diamond cutter Isaac Wolf in November for $83,187,381 USD. The reason Sotheby's aquired the rare stone is due to Wolf's default.

Sotheby's are quite comfortable with their valuation and comfortable in owning it at this price. Sotheby’s is currently pursuing a resolution with the buyer, while also considering other alternatives against the default.

Tuesday 4 March, 2014

29.6 carat blue diamond found in South Africa

29.6 ct blue diamond

Petra Diamonds has recovered a 29.6 ct blue diamond, possibly the rarest and most coveted in the world.

Cailey Barker at brokers Numis said the diamond could fetch between $15 million and $20 million at auction.

Chief Executive Johan Dippenaar said “this is probably the most significant stone we've ever, in terms of blue stones, recovered”. At the mine is located in South Africa.

Wednesday 22 January, 2014

De Beers has introduced forward contracts for rough

De Beers Diamonds

The world’s largest rough diamond miner De Beers has introduced forward contracts for rough diamond sales.

DTC site holders can order diamonds supply ahead, including the specific quantities and qualities of stones required for monthly productions. Indian jewellers believe the new system could artificial increase rough diamond prices.

The first contract was issued in London on Tuesday and it is anticipated the contracts to bid for supplies for the year will be introduced in 2014.

De Beers posted a 6.29 per cent rise in rough diamond production for the first two quarters of 2013. Overall rough diamond production rose to 14.295 million carats form 13.449 million carats in the period last year.

Wednesday 4 December, 2013

1.78-Ct created Diamond

1.78 Ct G Si1

The producer of gem quality, laboratory grown diamonds is offering one of the purest and largest Type IIa white diamond yet created.

The diamond is that weighs 1.78 carats, is G colour, and SI1 clarity. This follows the 1.29-carat, E colour, VVS2 clarity, which the firm said at the time was the world’s largest, whitest lab-grown diamond. Gemesis current inventory includes more than 1,200 VVS2 and VVS1 clarity grades, as well as a range of E and F colour diamonds.

Gemesis also recently introduced pink laboratory grown diamonds on its e-commerce site last month. The diamond is certified by the International Gemmological Institute.

Friday 22 November, 2013

Non-disclosure of synthetic diamonds

  World Federation of Diamond Bourses

Dear Sirs,

Our industry is facing a serious crisis with regards to the non-disclosure of synthetic diamonds by certain unscrupulous persons in our trade.

It is a crisis that if it is not halted could lead to loss of confidence in our product bringing with it serious consequences for our industry.

Given the above we all have a collective role and duty to play in protecting our industry.

To this end the World Federation of Diamond Bourses has instructed its Presidents of the Bourses around the world what to do, compiled a statement that is to be incorporated on every invoice/memo and adopted a zero tolerance stance.

We, the World Federation of Diamond Bourses, in conjunction with your laboratory need to collaborate in combating this scourge, each party cannot act alone if we wish to eradicate the problem.

I therefore ask you to please inform us when stones are submitted for the certification without disclosure.

The time has come for us to act and stand together to make sure that consumer confidence and our businesses will be protected at all costs.

Yours Sincerely

ERNIE BLOM

WFDB


Tuesday 19 November, 2013

DMIA calls for all-industry, international meeting on misrepresentation of synthetics as natural diamonds

DMIA

New York, November 12, 2013

Dear Colleagues,

 

Much has been written in the past month concerning synthetic diamonds being represented as natural diamonds. We at the DMIA believe that it is imperative that the industry respond immediately and forcefully.

 

DMIA issued a formal call to action 18 months ago in May of 2012 (reprinted below in its entirety) and do so again now. In our view, one of the major problems in attacking this issue is the lack of cohesion from stakeholders all of whom are rightfully very concerned.

 

As an industry leader DMIA is indeed making progress as we are in constant contact with local as well as Federal law enforcement agencies, the United States Department of State, and our domestic industry leaders; among them GIA, JA, AGS, MJSA, JVC, to mention just a few.

 

We once again call on the international and domestic leaders from industry, law enforcement, and laboratories to physically gather together as soon as possible and for as long as is necessary to finalize the best approach.

 

To that end, we reiterate today that we are ready to host a conclave in New York City and will work immediately with our colleagues to make it a reality.

 

 

Ronnie VanderLinden, President

Diamond Manufacturers & Importers Association of America

Thursday 14 November, 2013

Pink Diamond Sells for $83 Million

The 59.60 pink diamond

The 59.60 carat oval shape pink diamond has sold for $83 million, setting a record for any gemstone sold at auction.

Steinmetz Diamonds, Owned by Beny Steinmetz, Cut and polished the exceptional diamond, which was mined by De Beers in South Africa.

After two years marking and polishing the diamond was completed and shown to the public for the first time in Monaco in 2003.

The 59.60 diamond is fancy vivid pink, the best possible colour and purity grade for diamonds stands alone in the world.

The Diamond sold tonight in Geneva, by New York-based Sotheby’s.

Thursday 14 November, 2013

Orange diamond hits record price

Orange diamond 14.82ct

A spectacular Deep Orange fancy vivid pear shape diamond found in South Africa, weighing 14.82 carats. The largest known Orange diamond was auctioned for a record price of $35.54m in Geneva.

It is a world record price per carat for any coloured diamond, said Christie's auction house. The purchaser left the room to a round of applause. Christie's did not reveal his identity.

Pure orange diamonds, also known as "fire diamonds", are extremely uncommon and few have been auctioned, with the largest never more than 6 carats.

Thursday 14 November, 2013

Synthetic Diamond warning.

WFDB Warns of Not Disclosing Synthetic Diamonds

The World Federation of Diamond Bourses (WFDB) has noted with concern the growing tendency of undisclosed synthetic diamonds to enter the market.

The Federation has put out an official warning that it will not stand for the passing off of synthetics as natural. The diamond and Jewellery industry needs to understand that they are personally responsible for what they sell, which is why it is of the utmost importance to know your supplier and the legitimacy of their product whether it is ensuring they are Kimberley Process compliant or disclosing synthetics.

The law is clear and the punishment for fraud will be pursued. The WFDB will work with all legal agencies across the globe to assist in the prosecution of those who participate in this type of fraud in the diamond industry.

DCLA is the only laboratory that guarantees all diamonds have been tested for treatments and natural origin. DCLA is the only laboratory working to the International Diamond Council (IDC) rules in Australia.

Tuesday 29 October, 2013

Over 2 Million for 1.56 ct fancy red diamond.

1.56 ct Red

An Argyle 1.56 ct, fancy red diamond, has sold for over $2 million the highest price per carat for an Argyle produced diamond ever.


Another 2.51 ct fancy deep pink diamond has set a record for the highest price for a Pink diamond. The total tender has sold but the value for the 64 stones ranging in size from 0.20 carats to 3.02 cts was not disclosed by the Argyle mine in Australia.

Tuesday 15 October, 2013

$20 million for 14Ct Orange Diamond.

14Ct Orange Diamond

The largest fancy vivid orange diamond 14.82 carats will be the top lot in Christie’s Magnificent Jewels sale to be held in Geneva. It is expected to sell for as much as $20 million.

Orange colour is the result of nitrogen in the diamonds atomic structure, present during the diamond’s creation.

Friday 11 October, 2013

Diamond sells for record-setting $30 million.

118 ct D Flawless

The 118 carat D Flawless Diamond was recovered at one of the mines of South Africa in 2011. Its weight was 299 carats before it was polished.

The exceptionally rare diamond was auctioned off by Sotheby's on Monday for $30.6 million. While the new owner is unknown it is estimated that more than 80 percent of large rare diamonds have been purchased by Asian buyers.

Tuesday 8 October, 2013

Lucara Diamonds recovers 257 carat stone

257.24 ct

The 257 carat diamond is from Karowe Mine in Botswana.

The AK6 kimberlite, has reported the recovery of 47 diamonds of sizes greater than 50 carats, including 14 that exceeded 100 carats. The Karowe mine continues to outperform with the consistent recovery of large, high value diamonds, the recovery of this magnificent 257 carat diamond, along with the recovery of a significant parcel of larger stones over the past 6 months, strengthens our understanding of the resource at Karowe, said president and CEO William Lamb.

Thursday 26 September, 2013

Sotheby's to Sell Pink Star for $60M

59.60 ct South African Pink Diamond.

The Pink Star a 59.60-carat, internally flawless, fancy vivid pink, type IIa diamond will be up for sale at Sotheby’s Geneva.

The Pink Star originally a 132.50-carat rough diamond that was recovered by De Beers in South Africa in 1999 was then cut and polished by Steinmetz Diamonds taking two years to finish.

The diamond was first shown by Steinmetz in Monaco in 2003.

With a presale estimate in excess of $60 million the exceptional diamond is expected to sell November 13.

The Pink Star weighs more twice the 24.78-carat Graff Pink diamond, which reached a world auction record at $46.2 million at Sotheby’s Geneva in 2010.

Thursday 26 September, 2013

The DCLA announces new Laboratory Director Mr Matthew Zamel.

Mr Zamel DCLA Laboratory Director.

Mr Zamel the third generation diamantaire from the original Zamel family from Adelaide.  After 6 years as a control grader at DCLA, Matthew assumes responsibility as DCLA head of Laboratory Director. 

Mr Zamel brings years of experience in diamond grading and diamond industry knowledge.   Mr Zamel’s history in the in the diamond industry extends back three generations  as one of Australia’s best known and respected diamond and Jewellery families.   Mr Zamel’s extensive knowledge and technical ability makes him an important asset to the company and trade.

For any further information on services and pricing, please call or email Mr Zamel at DCLA.  

Wednesday 11 September, 2013

De Beers August Sight Estimated at $520M

  De Beers site

$520 million De Beers August sight after sightholders refused a significant part of the goods on offer. De Beers have adjusted prices on some cheaper Indian and rejection boxes.

The Indian rupee fell to a low of 69.22/$1 during sight week. The currency has lost fell 8.1 percent in August, recording its worst month since 1992.

The sightholders said that the adjustment wasn’t enough to make a difference for the devaluation of the rupee against the US dollar, which has affected the Indian diamond manufacturers.

This has cause a liquidity problem in the manufacturing sector as banks have become more prudent in their lending to the industry.  Activity on the secondary market is limited as people are not buying without 90 to 120 days credit.

October site will be the final sight that De Beers holds in London. The company will transfer its sightholder sales to Gaborone, Botswana by the November sight.

Tuesday 3 September, 2013

Premier Blue could make $19 Million USD

7.59 ct fancy vivid blue

Sotheby’s Hong Kong Magnificent Jewels is offering the 7.59 ct fancy vivid blue round diamond as the top lot.

Known as the Premier Blue the internally flawless round brilliant diamond is the largest fancy vivid blue round diamond ever graded by the GIA and is expected to make around $19 million.

The incredibly rare diamond will go on tour throughout Asia as well as in Geneva, London, New York and Doha at before the auction in Hong Kong. Blue diamonds seldom come to market and have been coveted by royals and celebrities for centuries

Thursday 22 August, 2013

Settlement of a class action suit against De Beers.

  De Beers

Companies that bought diamonds from De Beers between 1994 and 2006 paid higher prices than they would have in a truly competitive open market.

The DMIA had played a significant role in bringing the suit to a successful conclusion by filing papers in favour of the settlement of a class action suit against De Beers.

It is a milestone moment. And normalises business for De Beers in America.

Tuesday 6 August, 2013

Diamondsand jewelery worth $53 million stolen from hotel

$53 Diamond and Jewellery robbery

An armed man wearing a bandana or scarf and a cap, brandishing an automatic weapon stole jewellery worth an estimated value of $53 million.

The brazen broad daylight heist took place at the diamond exhibition in the French Riviera resort of Cannes.

"Everything happened very quickly and without violence," the prosecutors said. The diamond heist was one of the largest in years in France.

Monday 29 July, 2013

De Beers Introduces Forward Contract Sales for Rough Diamonds

De Beers Rough Diamonds

De Beers, the world’s largest diamond producer, introduces forward sales contracts for buyers in its rough-diamond auctions.

Owned by Anglo American, The De Beers Company is moving the purchasing, production and sales base for its diamond auctions to Singapore in November.

Forward trades will allow buyers to determine the volume of goods they want to purchase over a given period.

De Beers noted that 10 percent of the rough diamonds are sold via the auction platform.   

Thursday 11 July, 2013

Gem Diamonds Recovers 100-Ct. Diamond at Letšeng

Gem Diamonds 100 carat

Gem Diamonds recovered a 100 carat white, type IIa diamond from the Letšeng mine in Lesotho. Clifford Elphick, Gem Diamonds' CEO, reported that the company has recovered three diamonds weighing more than 100 carats at Letšeng in the past two months.

Letšeng’s June export achieved an average price of US$2087 per carat, for a total value of US$22m. This compares to an average value of US$1599 per carat which was achieved for the first three tenders in the year.

 

Thursday 27 June, 2013

Petra Blue Rough Diamond Sold for $16,910,180M

Petra blue

Petra CEO Johan Dippenaar, said, “We are delighted to have concluded such a successful sales process for this important blue diamond.

The process was highly competitive in terms of bids received, due to the incredible rarity of a blue stone of such size and quality. This result further serves to highlight the Cullinan mine’s unique position as the world’s most important source of blue diamonds.”

 The 25.50 carat rough blue diamond which recovered from its Cullinan mine in South Africa in April sold for $16,910,180 or $663,144 per carat.

Monday 27 May, 2013

Buying Diamonds Online: Don’t Be Taken Advantage Of

DCLA Diamond Exchange

Let’s face it: everything you buy today in store is also available online, and often for far cheaper. While some thought it was a fad at first, Internet shopping is here to stay. These days, if you were looking at a pair of runners, you would be silly not to look at the online offers first!

At the DCLA laboratory, we are asked everyday, “How does this work with diamonds and diamond jewellery?”

While buying diamond jewellery and diamonds online may seem like a simple choice, the truth is that there is one huge difference that puts the online jewellery industry in the “customer-beware” box.  The difference is that when it comes to diamonds, you have no clue what you’re buying without an independent certification. If you buy a TV online, chances are it will be the same model, make and carry the same guarantee available at the store – but with a diamond, however, you have no idea whether what you’re paying for is what you really get.

When purchasing a diamond online or not, you should always ensure that it is covered by an IDC-recognised certification. The IDC rules are the internationally-recognised and accepted rules for diamond grading and diamond certification as set out by the WFDB, IDMA and Cibjo – the world’s highest authorities in diamonds and jewellery.

If you buy an IDC-recognised certified diamond from your trusted brick-and-mortar store, you will get the diamond you are expecting. It will undoubtedly cost more than purchasing online, but you will have a face to go with the purchase.

If you buy a diamond online, this is unfortunately a different story.

Local sites seldom own the goods listed. In fact the people trying to sell the diamond probably have never seen the diamond themselves.  This is because the diamonds are not always in stock at the particular store but are instead part of virtual lists populating the site from overseas sellers. These virtual lists are filled with stones that aren’t actually owned by the site you’re viewing them on. Hawked from overseas anonymous sellers, often there’s something seriously wrong with these diamonds that would make it impossible to sell them traditionally.

So are there any safe sites to buy from? Yes, certainly, if the goods listed are actually in stock and available immediately. Make sure you always check that the diamond has an independent diamond certification from a respected laboratory. That way, you’ll always know exactly what you’re getting. Also, never put a deposit on a diamond to be sourced or delivered and never buy a diamond without seeing it first.

Not all laboratories have the same grading system, equipment or official master stones for comparison.  This you will hear from all the recognised laboratories and the honest retailers and dealers. Armed with the correct information from an independent source, you can take charge of the diamond market whether online or off, and get the best deal for your money.

 

Friday 24 May, 2013

$26.7 Million for 101.73 Winston Legacy

101.73 D IF Pear

The record breaking price achieved at Christie’s in Geneva for the D flawless pear shape which sold for $254,400 per carat,  $26.7 million total.

20 lots sold for prices exceeding $1 million each, and the new owner Harry Winston helped the Magnificent Jewels sale realise $102.14 million total sales.

"A perfect diamond commands a perfect price," Christie's

Friday 17 May, 2013

Professional valuers are put to the test

Synthetic diamonds

Two diamonds were sent to three Accredited Valuers for valuation.

The synthetic diamond pendant had valuations ranging from $4330 to $5700, which is up to $5100 more than its true value.

The man-made diamond ring ranged from $5350 to $6200, which is $5000 more than it's worth.

The Laboratory created man-made diamonds cost $600 and $1200. Neither of the Synthetics were identified as by any of the Accredited Valuers.

Synthetic diamonds can be created in laboratories by machines that work around the clock to replicate what occurs in nature, subjecting graphite carbon to extreme pressure and temperatures of up to 1500C, machines are able to produce a synthetic diamond in just a few days.

Or by Chemical vapour deposition (CVD) used to produce a synthetic diamond by creating the circumstances necessary for carbon atoms in a gas to settle on a substrate in crystalline form in a matter of hours.

 

Click here to see VIDEO