A 34.17 carat Fancy Vivid Yellow Rough Diamond was recovered by Almazy Anabara a mining company affiliate of Alrosa.
This is the Alrosa diamond mines largest fancy colored rough this year.
The diamond was found at its Ebelyakh alluvial mining deposit in the remote region of Yakutia in northeastern Russia.
The Vivid Yellow Diamond will be sent to Alrosa in Moscow at the end of the month for a detailed assessment, but the company said it is a transparent intense yellow crystal with a minor inclusion.
This year Almazy Anabara recovered a 27.85 carat pink diamond the largest pink stone in Alrosa’s history.
The historic emerald cut diamond could sell for more than $30 million USD when it goes on sale at Christie’s Geneva Auction next month.
The 163 carat D flawless diamond named The Art of De Grisogono, was shown at the Dubai Diamond Conference on Tuesday.
Initially in set in an necklace now as the centerpiece of a bracelet.
The polished diamond originated from a 404 carat rough diamond recovered at the Lulo mine in Angola Southern Africa.
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De Beers’ October sight closed with a value of $370 million as rough-diamond buying slowed due to holidays and sightholders reported a sluggish dealer market.
Proceeds from the miner’s eighth sales cycle fell 27% from $507 million in the previous sight in August, and dropped 25% compared with the equivalent period a year ago, according to Rapaport records. Rough prices were largely unchanged from the previous sight, sightholders noted, with many dealers on the secondary market struggling to make a profit on the goods or even cover costs.
De Beers offered fewer rough diamonds for sale during the month as last week’s sight occurred during a period when polishing factories in India and Israel were closed for religious holidays, the company’s CEO Bruce Cleaver explained Tuesday.
“Sales were in line with expectations, at what is a seasonally slower time for rough-diamond demand,” Cleaver added.
The Indian cutting industry is preparing to close for Diwali, which occurs this Thursday. Buyers brought rough purchases forward to the July sales cycle because of the relatively early date of the festival this year, De Beers noted at previous sights. The last two sights have both been significantly smaller than a year ago as a result.
Sightholders were optimistic about the end-of-year holiday season, even as De Beers’ rough sales have declined 7% to $4.38 billion for the year to date, Rapaport records show. Russian miner Alrosa echoed this positive outlook, also noting that the timing of Diwali had weakened sales in September.
“We expect the traditional revival of the market situation in the fourth quarter, as the industry starts to prepare for the winter holiday season,” Alrosa vice president Yury Okoyomov said last week.
Source: diamonds.net
Happy Diwali From the team at the DCLA.
Rapaport Group has been appointed as the marketing and sales agent of the Peace Diamond by The Government of Sierra Leone.
The 709 carat Rough Diamond was recovered by diamond diggers in the village of Koryardu in Sierra Leone West Africa.
50% of the Peace Diamond sale value will directly go to benefit the community where the diamond was discovered, and the people of Sierra Leone.
Sotheby’s Auctioneers announced the upcoming auction of the Raj Pink diamond.
Weighing 37.30 carats the Pink diamond is the largest Fancy Intense Pink Diamond, according to Sotheby’s.
The Pink Diamond will feature at the auction house’s Magnificent Jewels in Geneva next month, and is estimated to fetch $20 million to $30 million USD.
The Original Rough Diamond was studied for over a year before the master cutter finished the polished Raj Pink Modified Cushion Brilliant cut
More trouble for diamond miner Petra Diamonds yesterday after it warned it is heading into financial trouble with its lenders.
Petra has borrowed heavily to expand its operations in the country. The company is now likely to breach its banking covenants at the end of the year, because of the row with the government in Tanzania. As well as strikes at three of its mines in South Africa.
Petra diamonds is known for the size and quality of the diamonds produced at the famous Cullinan mine outside of Pretoria in South Africa.
Merlin Diamonds has a sold a rough white diamond for $157,880, or $11,898 per carat. The Rough Diamond was recovered at its mine in Northern Australia.
The Rough Diamond weighing 13.27 carats is of Gem quality and has D colour, in a statement by Merlin mine.
Merlin Diamond mine in Australia was acquired from Rio Tinto in 2004.
The emerald cut diamond weighing 163.41 carats will be the largest D colour flawless diamond to appear at an auction.
The 404.20 carat “4 de Fevereiro,” alluvial rough diamond that Lucapa Diamond Company recovered is the largest rough diamond in history originating from Angola.
The Rough Diamond was recovered at Lulo mine in Angola in February 2016, and sold for $16 million USD later that month by Lucapa.
The auction will take place on November 14, in Geneva at the Four Seasons Hotel des Bergues .
