The gem-quality 46 carat rough pink diamond was sold by SML into a cutting and polishing partnership with SML’s preferred buyer, Safdico International. Under the partnership agreement, SML retained a share in the margin to be generated from the sale of the resultant polished diamonds. The Lulo partners are pleased to advise the results delivered … Read more
Hong Kong customs officials seized 162 diamonds at a border with China last week, claiming the stones had been smuggled in a driver’s trouser pocket. The goods had a market value of around HKD 6.4 million ($826,000), making it the largest diamond-smuggling case Hong Kong authorities had detected in the past three years, the Customs … Read more
Lucapa Diamond Company has pocketed a neat $9 million from the latest diamond sales from its Lulo alluvial mine in Angola. The diamonds were sold through Lucapa’s partners, Empresa Nacional de Diamantes and Rosas & Petalas, for an average US$1550 per carat. With 4269 carats sold, this brings the total proceeds from the sale to … Read more
Botswana Diamonds (LON:BOD) said on Monday it had completed the acquisition of Sekaka, the exploration vehicle that belonged to embattled rival Petra Diamonds (LON:PDL) and which held three prospecting licenses in the country’s Central Kalahari Game Reserve. In one of its licenses, Sekaka had singled out the KX36 kimberlite pipe, which is situated about 70 … Read more
Gem Diamonds has recovered a 179 carat rough diamond from its Letšeng mine in Lesotho. The miner found the high quality, type I diamond on Thanksgiving Day, it said last week. The stone is the 16th diamond over 100 carats the company has found this year. Earlier this month, Gem Diamonds unearthed 104 and 111 … Read more
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders. The miner bought the Letlapa Tala collection together with South African wholesaler and manufacturer Diacore for $40.4 million, split equally between the two companies. The type IIb stones, which originated from Petra’s … Read more
The International Gemological Institute’s (IGI) Hong Kong laboratory has certified the largest chemical vapor deposition (CVD) laboratory-grown diamond received to date. With a finished weight of 12.75 carats, this collection-quality man-made gemstone was fashioned from a 46.20 carat CVD-grown rough crystal. According to its creator, Shanghai Zhengshi Technology, it is the largest CVD lab-grown diamond … Read more
Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes, it said Monday. The company, which is part-owned by De Beers, unveiled the DaVinci Diamond Factory last year at the Dubai Diamond Conference. Synova claims the machine will significantly speed up diamond manufacturing from weeks to hours, improve accuracy and symmetry, … Read more
The new fine jewelry company is a leader in rare fluorescent stones. All diamonds shimmer when light hits them. Under master hands, they are cut into interesting shapes that spark joy. Gems from Luminous Diamonds, a new fine jewelry brand, however, have an attribute that many precious stones don’t: They glow. Luminous Diamonds’ parent company, … Read more
De Beers Group announced on Wednesday that sales of rough diamonds rose more than 12% in the latest sales cycle, as demand improves on the back of easing covid-19 restrictions and ahead of the holiday season. Sales of $450 million between November 2 and November 16 were higher than the $400 million a year earlier, … Read more