Diamond industry leaders, the (SDA) and the Gems and Jewellery Export Promotion Council (GJEPC) will begin an awareness campaign in the diamond industry. They will focus on the various types of synthetic diamonds, and the identification and disclosure. Detailed information on the various forms of synthetic diamonds including High Pressure High Temperature and Chemical Vapor … Read more
Christie’s and Sotheby’s auction sales rose to new records for both the auction houses. Jewellery sales topped $740 million and $602.5 respectively. A notable sale was The Graff Vivid Yellow diamond reaching $16.3 million, a record price for any yellow diamond to date. During 2014 Sotheby’s jewellery sold over 3,900 lots of which 77 items … Read more
Gem Diamonds reported that it saw an encouraging end to a very positive year after the fourth quarter of 2014. CEO Clifford Elphick said the despite a drop in diamond recovery, 25,525 carats down from 28,365 carats in the third quarter. The Letseng mine in Lesotho has continued to perform strongly. Gem Diamonds remains on … Read more
Being the ultimate possession for diamond lovers, Natural fancy Orange diamond is extremely rare. To be classified as a fancy orange, there can be no brown in the diamonds colour. Orange colour in diamond is rarer in nature than most other fancy colours, so rare even the GIA rarely grades an orange diamond. As a … Read more
Assortment and qualities showed no significant changes. Although with the first sight of 2015 having an estimated value of $450 million, De Beers has anticipated the slowing rough market with an estimated 4 percent price adjustment across the board. In the open rough market prices for similar goods are 20 percent lower than the … Read more
A diamond mine outside of Prieska in the Northern Cape of South Africa, became the latest victim of a robbery on Monday. South African police are looking for a group of sixteen men who tied up security guards, before they demanded the safe keys from two employees. Unable to access the safe, they broke into … Read more
Two laboratory grown diamonds, the largest D colour internally flawless lab-created diamonds have been certified by IGI Antwerp laboratory. Both stones are triple excellent and have no colour overtones or fluorescence. The diamonds were submitted by Diamaz International a leading supplier of laboratory grown diamonds based in Antwerp. Technological advancements in HPHT have made it … Read more
ABN Amro, Standard Chartered, State Bank of India and IDBI Bank continue to reduce credit levels to jewellery companies. Winsome Diamonds and Forever Precious Diamond had defaulted on a $970 million debt owed to creditors prompting banks to act. The Banks have classified gems and jewellery into the high risk category. Jewellery industry representatives will … Read more
Rio Tinto has identified a cluster of eight diamondiferous pipes in India. Rio Tinto Global mining giant would invest $500 million in the diamond mine in Madhya Pradesh India. The potential project would create thirty thousand jobs when approval for the mining lease is granted by local authorities. Rio Tinto’s CEO said the project would … Read more
Recently there has been a lot of controversy in the diamond and jewellery trade regarding over graded diamonds. This led to one laboratory being banned from listing on Rapaport. Video