A legal battle over the Idol’s Eye, a 70.21 carat very light blue, eye shaped Golconda diamond, began on Monday (11 November) at the High Court, London. Two branches of Qatar’s royal family are in dispute over the value of the gem – which could be anywhere between $10m and $27m. The disagreement is between … Read more
Pop sensation Britney Spears says she’s launching her own jewelry brand, to be called B Tiny.
De Beers says it has identified eight new high-potential kimberlite sites in Angola, according to the Portuguese news agency Lusa.
Mountain Province reported increased net losses for the latest quarter as prices keep on dropping in a “challenging market”. The Canadian miner today (7 November) announced a net loss of $13.6m for the three months to 30 September, following on from a $4.7m loss in Q2 (all figures are in US dollars). “In Q3 2024 … Read more
The natural diamond industry needs coordinated and consistent marketing campaigns to counter declining demand, says Yoram Dvash, president of the World Federation of Diamond Bourses (WFDB). In an open letter he calls on every member of the industry to help create a five-year plan, rather than relying on “short-term initiatives when the situation is particularly … Read more
GIA is to close its lab in Ramat Gan, Israel, saying it is no longer “financially sustainable”. The facility, which opened in August 2012, will close by the end of this year. Submissions will be sent to GIA labs elsewhere, with no additional shipping costs, the lab said in a press statement. GIA was not … Read more
A 16.73 carat very light pink diamond is expected to sell for CHF 1.1m to CHF 1.8m ($1.3m to $2m) in Sotheby’s Geneva Magnificent Jewels Sale. Another highlight of the sale, which features many colored diamonds, is a 1.44 carat fancy red diamond (the rarest of all diamond colors) from Australia’s iconic Argyle mine. They’ll … Read more
Jewelry belonging to the famed Sassoon dynasty is to be sold at auction by Christie’s Geneva. Five lots, including an Art Deco Cartier diamond necklace (pictured), will be offered for sale during the Magnificent Jewels event on 12 November. The Cartier necklace, circa 1935, survived a World War II blast that destroyed the bank where … Read more
India’s exports of polished diamonds suffered yet another big fall in September, down 22.9 per cent, according to the latest figures from the GJEPC (Gem and Jewellery Export Promotion Council). That’s a marginally better performance than August, when year-on-year exports were down by 23.8 per cent. Between April and September total foreign sales fell 20.6 … Read more
A pair of fancy vivid orange-yellow diamond earrings sold for almost $8m at Christie’s Hong Kong. They were the lead item in the Magnificent Jewels sale that raised just over $60m on 29 October. The Oriental Sunrise earrings feature a pair of Type 1b oval mixed-cut diamonds – 12.20 carats (VVS2) and 11.96 carats (VS1) … Read more