Pink and yellow diamonds from two iconic Rio Tinto mines – Argyle and Diavik – have been brought together to create a unique ring. It’s called Diavik Midnight Sun and has been valued at $1.24m. An 18.08 carat fancy intense yellow oval diamond from Diavik, in sub-Arctic Canada, contrasts with an intricate setting of rare … Read more
Christie’s Garners $46M from Hong Kong Sale
Bracing against the vibrations of the jackhammer, illicit diamond miner Jefferson Ncube bores steadily into the rock face before him, sending chunks of dry stone clattering to the ground and filling the air with a cloud of pale gray dust. He’s 30 feet below the surface of the desert in the Namaqualand region of South … Read more
13.15-carat pink diamond will no longer be available at the upcoming Christie’s Magnificent Jewels
Peter Ravenscroft. (Burgundy Diamond Mines)
Lucapa Diamond Company sells Lulo diamonds
The Evolution of De Beers’ Strategy
A blue diamond weighing 5.53 carats failed to find a buyer at Sotheby’s Geneva on Wednesday despite being billed as the star of the auction. The cushion brilliant-cut, fancy-vivid-blue diamond is part of an eight-piece group called the De Beers Exceptional Blue Collection, which Sotheby’s has spread between its various Magnificent Jewels sales. No bids … Read more
Petra Diamonds halts Williamson mine
Lucara Diamond Corp.’s sales dropped in the third quarter as the company supplied fewer large and expensive stones from its lucrative Karowe mine in Botswana. Revenue fell 31% year on year to $49.9 million, while net profit slumped 86% to $1.8 million, Lucara reported Wednesday. Sales of rough from Karowe declined 36% to $46.5 million, … Read more