Southstone Minerals Ltd. [SML-TSXV] provided a production and operational update for December 1, 2019, to February 28, 2020 (Q2 2020), and March 1 to May 31, 2020 (Q3 2020), on its project portfolio in South Africa. The Oena Project consists of one New Order Mining Lease located in the Northern Cape Province, South Africa. Oena … Read more
The first a heart shaped gem was a 5.04 carat fancy vivid blue heart modified brilliant cut diamond with VS2 clarity. The stone is mounted on a platinum ring flanked by two pear-shaped diamonds. It achieved more than $10.5 million USD, making it the top lot at the Sotheby’s auction. The second was a 4.49 … Read more
A 21.52 carat untreated Colombian emerald fetched nearly $1.2 million at Phillips Hong Kong Jewels and Jadeite July auction. The gem sold within estimates all sales include buyer’s premium. Described by the auction house as “exceptional and very rare,” it was the top lot in an otherwise mixed sale where several important lots were left … Read more
At least 4,429 unevaluated diamond stones in the possession of a French citizen were seized last Sunday in Lucapa, eastern Lunda Norte province, National Police have said. , The detention was a result of a police investigation following several tip offs on clandestine sale and purchase of diamonds in the residence of the French citizen, … Read more
Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 … Read more
Two hearts, one blue, the other pink, will appear at Sotheby’s Hong Kong Magnificent Jewels auction as if they were always meant to be together. They will be sold separately during the July 10 sale at the Hong Kong Convention & Exhibition Centre. Combined, their high estimate is $18.5 million. The first is a 5.04 … Read more
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market. The Gem & Jewellery Export Promotion Council (GJEPC) and four other organizations have called for the industry to avoid shipping rough into the country between July 10 … Read more
On Tuesday, Christie’s auctioned off the most expensive jewel ever sold on an online auction. The 28.86 carat diamond sold for $US2,115,000 million.One of the rarest diamonds in the world, the Type 11a diamond is formed from pure carbon. “The spectacular 28.86 carat D colour diamond received immediate attention upon its announcement,” Christie’s Head of … Read more
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers. “[The major miners] want to hold on to prices, so people don’t see any [incentive] to buy because it’s difficult to sell and make money,” a sightholder told Rapaport … Read more
The Gemological Institute of America (GIA) is reopening its New York grading laboratory Monday following a three-month shutdown due to the coronavirus. “As restrictions are lifted and the global gem and jewelry industry begins to recover, we are safely reopening GIA locations, returning staff to work and preparing to engage in our mission-driven activities,” GIA … Read more