Lucapa Diamond Company has recovered a 160-carat, high-quality rough from its Lulo mine in Angola, the sixth-largest stone the deposit has yielded. The company found the type IIa diamond at the same alluvial mining block from which it unearthed a 170-carat pink — the Lulo Rose — in July, Lucapa said last week. The new … Read more
oronto-listed Mountain Province Diamonds will next week put on sale an “exceptional” coloured rough diamond, which it recovered from the Gahcho Kué mine, in Canada’s Northwest Territories. The diamond, a 151.60 t octahedron of exceptional clarity, will be offered for sale alongside a selection of more than 90 individual special rough diamonds recovered from the company’s Canadian diamond mine. The upcoming … Read more
The second largest internally flawless fancy vivid pink diamond to ever appear at auction was unveiled Wednesday in London by Sotheby’s. The 11.15-carat Williamson Pink Star will be sold in a single-lot auction in Hong Kong on October 5. Its estimate is $21 million. The auction house says it has the potential to set a … Read more
Heritage Auctions has unveiled a 1.21-carat, fancy-orangey-red diamond that will go under the hammer at its Fall Fine Jewelry Signature auction on September 29. “This gem is one of only a few diamonds to display enough saturation and intensity to be graded as a true red,” said Jill Burgum, Heritage Auctions’ executive director of fine … Read more
Apple Watches can do everything. You can use one to track your blood pressure or unlock your car. You can use it to pay when you’re shopping or even to order a pizza. But as fans of traditional mechanical watches, we have to ask – where’s the elegance? Where’s the extravagance? You can’t flex with … Read more
Diamond is a naturally occurring rare mineral that is composed of pure elemental carbon. Due to the extremely rigid arrangement of the carbon atoms in a crystal structure, diamonds possess the maximum hardness and thermal productivity than any natural material. Diamonds are also in high demand as gemstones and as luxurious commodities. Despite having a reputation … Read more
India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 billion in the … Read more
Pandora, the world’s biggest jeweller, is launching a collection using exclusively lab-made diamonds in the US and Canada as part of the company’s strategy to eliminate mined gems and create more affordable products with less associated emissions. The Danish company, which plans to make its operations carbon neutral within three years, said the collection is … Read more
Signet Jewelers has signed a deal to acquire online retailer Blue Nile for $360 million in cash. The purchase will boost Signet’s bridal, “accessible luxury” and digital businesses, while expanding the group’s consumer base, the US retail chain said Tuesday. The company expects to complete the transaction in the third fiscal quarter, which runs until … Read more
De Beers’ revenue rose 24% in the first half of 2022, but the miner gave a more somber outlook for the rest of the year. “We can only have strong rough sales if that’s also coupled by what’s going on on the polished side,” De Beers chief financial officer Sarah Kuijlaars told Rapaport News on … Read more