Category: news
Lucapa diamonds sell for $14.5 million at auction
Lucapa Diamond Company has continued its successful run at auction after securing $US10 million ($14.5 million) for the sale of alluvial diamonds from its Lulo mine in Angola, central Africa. The run-of-mine diamonds, which totalled 5573 carats in weight (around 11.15 kilograms), achieved an average price of $US1800 a carat. Several more high-value Lulo diamonds … Read more
RapNet Members Say ‘No’ to Synthetics
The RapNet community has voted overwhelmingly against introducing services for the lab-grown-diamond sector. Members voted by 79% to 21% against the trading platform listing synthetics on the site. They also rejected a lab-grown price list, with 74% voting “no.” The poll took place on RapNet last week. The audience applauded when Martin Rapaport, Chairman of … Read more
Rough diamonds from Mothae fetch US$3.5 million in Antwerp
Lucapa Diamond Company and the Government of Lesotho have announced results from the second tender in 2019 of diamonds from the new Mothae kimberlite mine in Lesotho. The parcel of 7,008 carats of rough diamonds sold at tender in Antwerp for a total of US$3.5 million. The tender included prices of up to US$26,000 per … Read more
Pink Diamond fetches $2.2M USD Per carat at Christie’s
A pink diamond ring named for its resemblance to bubble gum fetched $7.5 million at Christie’s Hong Kong auction
Undisclosed Green Synthetics Raise GIA Eyebrows
Twenty five undisclosed lab grown diamonds have turned up at the Gemological Institute of America (GIA)
RapNet to Vote on Synthetics
RapNet, the world’s largest diamond trading network with daily listings of over $7.4 billion, will be voting on whether it should provide diamond listing and pricing services for synthetic diamonds. Voting will be limited to registered RapNet members who log in to RapNet.com and will take place from Sunday May 26 through Friday May 31, … Read more
SEC Cracks Down on ICO That Offered Investors Colored Diamonds
The ICO that was promoted as a game-changer on the diamond market faces a dramatic fall from grace. The U.S. Securities and Exchange Commission (SEC) has pulled the plug on a $30 mln cryptocurrency Ponzi scheme called Argyle Coin. The company, which promised to turn fancy colored diamonds into globally accessible assets, defrauded more than … Read more