Sarine rough diamond mapping

Sarine Launchs a Super-Fast small rough mapping technology system for rough diamonds.

The Galaxy technology is now implemented in Meteor, a system specifically targeted at the smaller rough diamond segment, enabling a fast, efficient inclusion mapping solution for manufacturers of smaller goods. The Meteor will increase the speed of scanning up to 220 stones per day.

Sarine technologies Israel’s foremost diamond equipment producer, focuses on the evaluation, planning, processing, finishing, grading and trade of diamonds and gemstones, said the new system will provide faster, cost-effective inclusion mapping for small rough diamonds.

16.08 ct Pink diamond

This vivid pink diamond could break records at auction. The 16.08 ct is featured at the Christie’s auction and it’s estimated to bring as much as $28 million.

Fancy vivid pink colour is the purest and strongest saturation; this could mean a record price per carat for the 16.08 carat vivid pink diamond when it’s offered in Geneva on Nov. 10.

Christie’s auction house said it is the largest cushion cut vivid pink diamond of its kind to come to auction.

A 8.72 carat pink diamond of the same grade and shape sold for $15.9 million at auction in May.

The Blue Moon diamond

Sotheby’s Magnificent Jewels auction in Geneva this November will showcase ‘The Blue Moon’, diamond.

The exceptional 12.03 carat internally flawless fancy vivid blue diamond, the highest possible grade for one of the largest fancy vivid blue diamond’s known to exist.

Sotheby’s estimate the Blue Moon diamonds value between $35 and $55 Million USD

The Blue Moon was discovered in South Africa

IDC Diamond Grading Laboratories use cold laser, this is why.

It is important to understand there are two very different categories of lasers used for diamond inscription; hot lasers and cold lasers. Hot lasers are YAG lasers and Cold lasers use Excimer laser technology.

Simply put the PhotoScribe Cold laser system is the only laser system guaranteed 100% safe for diamond inscriptions.

Hot lasers will chip or fracture diamonds. High quality polished girdles are especially at risk for fracturing or chipping with "Hot" lasers.

The picture is a classic case of the damage done by hot laser. This will lower the value of your diamond by changing the clarity grade or polish grade of the diamond.

Make sure your diamond is Cold Laser inscribed before you buy it.

Call or visit DCLA for more information.

$19.3m for the 357 carat rough diamond

Gem Diamonds LTD has sold the 357 carat exceptional white diamond recovered from the Letšeng mine for $19.3 million USD.

Gem Diamonds owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana which is producing the exceptional rough diamonds.

The 314 carat diamond recovered in May 2015 sold in June 2015, and the 357 carat diamond which sold on the Antwerp tender last week for $19.3 million.

Both rough diamonds achieved top prices in the current market showing price resilience of large top quality diamonds.

Producing four of the twenty largest white gem quality diamonds ever recorded, Letšeng mine is renowned as highest dollar per ct kimberlite diamond mine in the world.

De Beers cuts rough diamond prices and sight

De Beers which produces thirty percent of world rough diamonds has cut prices by 10 percent for the sight.

This comes after two reductions in its annual production output by 15 percent failed to slow slump in prices of rough.

Rough diamond prices have dropped 14 percent in some categories and are in their fifth consecutive quarterly loss, which is the longest in a decade.

De Beers cut the size of the sight to $250 million and reduced the prices by 9 percent, according to sight holders.  

De Beers has also contributed tens of millions to a jewellery advertising campaign. Its advertising campaign will promote diamond jewellery in the U.S. and to Chinese consumers.

De Beers could cut diamond prices by nine percent

The world’s largest diamond producer of rough diamonds by value, De Beers has reduced prices for its rough diamond sight.

This is due to continued weakness in the polished diamond market this year and resulting softening of diamond prices.

De Beers took steps to cut rough diamond prices, after cutting rough production did not support demand.

Russian diamond miner Alrosa has also lowered diamond prices by six percent since January.

Lucara recovers more exceptional diamonds

Lucara’s Karowe Diamond Mine in Botswana has recovered of a number of exceptional diamonds.

The mine is continuing to produce in line with expectations with the recovery of a spectacular 336 carat Type IIa diamond along with a 184 a 94 carat a 86 carat and a 12 carat pale pink diamond just for this week.

The Karowe Diamond Mine in Lucara has recovered 216 diamonds which have sold for more than $250,000 each. And twelve of these diamonds have sold for more than $5.0 million each.

GIA Bans Cristy Gems for Fraudulent Report Inscriptions

Cristy Gems can no longer submit diamonds to the GIA for grading.

The laboratory suspects that the company along with four partner companies repeatedly submitted diamonds which were inscribed with pre-existing fake GIA report numbers.

The GIA said it was intentional conduct, because of the numerous times it has happened.