France’s finance ministry is auctioning off customs contraband in an “extraordinary sale” featuring platinum bars seized en route to the UK, designer handbags, valuable historic coins, several collections of uncut diamonds and 2,016 bottles of vodka. The 350 lots – valued collectively at about €1m – also include a Volkswagen Golf stopped at France’s border with Spain … Read more
De Beers will offer widened concessions to purchasers of larger rough diamonds at its upcoming sight as trading has slowed amid difficult market conditions. The miner will increase its “buyback” allowance to 20% for 1-carat goods and up at the sale, which begins later this month, industry insiders told Rapaport News this week. Buybacks are … Read more
De Beers has released its sales schedule for next year, with the miner holding its usual 10 sights across the 12-month period. The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for consistent supply. In April 2021, the miner introduced a new … Read more
Sotheby’s will sell a group of eight fancy-blue diamonds from De Beers across its global Magnificent Jewels auctions, expecting the set to bring in more than $70 million. The stones are cut in various shapes and range from 1.22 to 11.29 carats, with a total weight of 32.09 carats, Sotheby’s said last week. The polished … Read more
The kimberlite cluster is located around 110km north-east of a Finsch diamond mine. Diamond mining company Botswana Diamonds has secured a five-year prospecting licence on ground containing the Reivilo cluster of kimberlites in Barkley West, South Africa. The kimberlite cluster is located around 110km north-east of a Finsch diamond mine owned by Petra Diamonds. According to an … 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
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
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
Diamond exploration hits a new low