News – Page 76 – The Diamond Certification Laboratory of Australia (DCLA)

Threat of synthetics is an opportunity for diamond traceability

The Namibia Desert Diamonds General Manager of Sales and Marketing, Lelly Usiku, said the threat of synthetic diamonds has brought about an opportunity in the diamond industry to focus on the traceability of the precious stones to verify diamond origins from the mines to jewellery.

Usiku expressed these sentiments during a panel discussion on the diamond industry and its associated value chains. She further outlined that Covid-19 forced Namdia to investigate the possibilities of online trading in order to replicate the physical viewing with a virtual viewing experience.

Chief Executive Officer of Namdia, Kennedy Hamutenya, said in protecting the image of diamonds, the industry made a commitment in 2008 on the number of producers and manufacturers through the Kimberly Process. He said the process helped squeeze out undesirable elements from the diamond business.

According to Hamutenya, trading partnered states agreed to create a menu for the world and buyers that ensured diamonds on the market would not be associated with conflict diamonds. Conflict diamonds are diamonds mined in a war zone and sold to finance an insurgency, an invading army’s war efforts, or warlord activities.
“So, we said every country must implement systems and procedures from the very starting point of mining to the point of export to ensure that there is no penetration of conflict diamonds.

Today, as we speak, 99.8% of all our diamonds are clean, thanks to the Kimberly Process. We have done everything possible to prevent conflict diamonds to penetrate our pipeline,” Hamutenya stated.

According to him, Namdeb Holdings has spent N$3 billion on local procurement of goods and services for the last financial year.
Also, at the same occasion, Brent Eiseb, CEO of the Namibia Diamond Trading Company, elaborated on their mandate and said they sort and value diamonds. He noted that the process entails highly skilled employees as well as technology.
He added that whether diamond mining happens on land or offshore, the value is only confirmed when the stones go through NDTC’s evaluation process.

“This is an important process as it determines the value of royalties and taxes that is to be paid by producers to the government. Another mandate is to facilitate downstream diamond beneficiation.
We take about N$430 million in indexed diamonds and make them available for value addition in Namibia,” explained Eiseb.
He added that this process is vital because it requires quality infrastructure, especially in Namibia, for cutting and polishing of diamonds and also for creating the most job opportunities.

Eiseb concluded that the diamond industry is important in providing for the country at large through development diamonds. He indicated that 85% of total revenue that is created through the sales of diamonds ends up in state coffers through royalties, taxes, and levies that are payable and dividends.

Source: neweralive

Christie’s Sets $10M Price Tag on Muzo Necklace

A Muzo emerald and diamond necklace is expected to sell for up to HKD 80 million ($10.3 million) when it goes under the hammer at Christie’s Magnificent Jewels auction in Hong Kong on November 29.

The double rivière piece, designed by Edmond Chin for the House of Boghossian, contains 28 perfectly cut and matched, near-flawless emeralds, weighing a total of 117.60 carats. The gems were hand-selected by Boghossian CEO Albert Boghossian, the auction house said Tuesday.

Christie’s expects the necklace to prove extremely popular, given it sold the Grand Muzos, a pair of earrings containing emeralds from the same Colombian mine, for almost $100,000 per carat last year.

“The offering of this necklace marks a major moment in the auction world, and will no doubt create a stir among global connoisseurs,” Christie’s said.

Source: diamonds.net

Bulgari’s Roman Inspired Barocko Collection

Named after the extravagant Baroque period of Rembrandt and Johann Sebastian Bach, Bulgari has created a jewellery collection designed to wow

As a jeweller, Bulgari designs baubles that never fail to elicit gasps of awe and delight. With Barocko, the Italian luxury maison’s latest high jewellery collection, Bulgari has remained faithful to its tradition of fanciful, colourful and extravagant pieces guaranteed to make the paparazzi on the red carpet go wild.

Creative director Lucia Silvestri was inspired by the Baroque architecture of Rome and, with her team, scoured the world for the gemstones that would help realise her vision of an era defined by exuberance, grandeur and excess.

While the Barocko collection consists of every type of jewellery, the necklaces brilliantly highlight the Baroque era’s dramatic flair and the intricate work Silvestri and her team have undertaken to translate them. Here are the neck adornments poised to steal the spotlight at the next social events:

Cabochon Exhuberance

ROMAN LANDMARK: HORTI FARENESIANI

The magnificent gardens of Horti Farnesiani on Palatino Hill inspire this one-of-a-kind necklace consisting of two tanzanites from New York, rubellites and emeralds from Jaipur and aquamarines acquired in Hong Kong.

Lady Arabesque

FEATURED GEMSTONES: SRI LANKAN SAPPHIRES

Set with pink and violet sapphires from Sri Lanka, Paraida tourmalines and emeralds, the Lady Arabesque is a fascinating coming together of multiple shapes and volumes in a harmonious spectacle.

Rosso Caravaggio

FEATURED GEMSTONE: MOZAMBIQUE RUBY

A breathtaking 10-carat cushion-shaped ruby sourced from Mozambique shows off, in spectacular fashion, this diamond necklace that took 1,500 hours to complete.

Sapphire Lace Necklace

FEATURED GEMSTONES: DIAMONDS & SAPPHIRES

An interpretation of Baroque lace fabric but draped in diamonds and blue sapphires, this necklace evokes a sensual lightness with its sinuous texture.

Wings of Rome

ROMAN LANDMARK: ST. MICHAEL THE ARCHANGEL

The wings of Archangel Michael statue at Castel Sant’Angelo were the basis of this bewitching platinum necklace set with diamonds of three different cuts—marquise, round and drop. The diamonds are also set at three levels to create that exquisite sense of depth.

Peacock

FEATURED GEMSTONES: TANZANITES, AQUAMARINES, CHRYSOPRASES & EMERALDS

One of the most dramatic creations in the Barocko collection is the Peacock, aptly named for its kaleidoscope of coloured gems namely tanzanites, aquamarines, chrysoprases and emeralds that evoke the colourful vibrant nature of its namesake bird.

Source: asiatatler

102 Carat D Flawless Diamond Fetches $15.6 Million

A 102.39 carat D color flawless oval diamond was sold in a single lot auction for more than $15.6 million. The sale by Sotheby’s Hong Kong was the first time a diamond of more than 100 carats was sold in a combined online and live auction and such an important diamond was offered without reserve.

The diamond was purchased by a private Japanese collector who requested anonymity, Sotheby’s said in a statement. The person named the gem, “Maiko Star” after his second daughter. The same collector bought the 88.22 carat “Manami Star” at Sotheby’s in April 2019.

The sale of the Type IIa diamond the purest and rarest kind of mined diamond resulted in the highest price achieved for a diamond sold online and earned the most bids for a world class diamond. In addition, it was only the eighth diamond of more than 100 carats ever sold at auction. The auction house describes the diamond as “perfect,” not only because of its top color and clarity grades, but also for its “excellent polish and symmetry.”

However, the total price fell far short of what similar diamonds sold for at auction.

102.39-carat D-color flawless oval diamond sold in a combined online and live auction — 102.39-carat D-color flawless oval diamond

Kate Moss launches her debut jewellery collection with Messika

Despite being the face of many a jewellery campaign over the years, you wouldn’t expect Kate Moss the ultimate poster child for 90s insouciance to care much about high jewellery.

Yet the British supermodel clearly does, as her new jewellery line shows us. It was made in collaboration with French haute joaillerie house Messika, whose casual, contemporary diamond designs have won over the likes of Gigi Hadid, Beyoncé and Rihanna. Moss was the face of Messika’s campaign last year, but this year she takes a much larger role as designer.

It was Moss, as well as Marilyn Monroe, whom founder Valérie Messika first pegged as her muses when she launched her jewellery label in 2005. Through her new collaboration with the fashion icon, things have come full circle.

The ‘Messika by Kate Moss’ line is inspired by pieces in Moss’ own jewellery box. The model’s taste for jewels is actually pretty eclectic, encompassing designs from different eras. In the mix are elaborate Victorian baubles, geometric Art Deco styles and even Indian jewellery, collected from Moss’ travels to India as a teenager.

These influences shine through in the new, 70 piece high jewellery collection, which include sets of earrings, necklaces, rings, bracelets, headpieces and nose jewellery. Some highlights include a tasseled sautoir, sunburst hoops, a three finger ring, and dangling earrings set with pear shaped malachite crystals, after all, are having a moment in jewellery.

These are all enhanced with Messika’s careful selection of diamonds, which are of the highest quality and certified by the Gemological Institute of America (GIA). Messika herself has an intimate understanding of the gems, being the daughter of French diamond dealer André Messika.

Yet none of that steers the Messika by Kate Moss collection away from the modern ethos at the heart of the jewellery brand. As luxuriously as they are crafted, the designs are meant to be effortlessly worn to everyday affairs, not tucked away preciously in a jewellery box. That design approach is shared with other diamond jewellery designers such as Hong Kong based Nicholas Lieou and British designer Monica Vinader, reflecting the tastes of women today.

The entire Messika by Kate Moss collection is slated to launch in November.

Source: lifestyleasia

IGI Grades Record Black Lab-Grown Diamond

The International Gemological Institute (IGI) recently graded a 116-carat, black synthetic diamond that ranks as the largest lab-grown diamond of its color.

The 115.65-carat, type IIb stone was produced by UK-based Meylor Global using High Pressure-High Temperature (HPHT), and was accompanied by a second black lab-grown diamond weighing 109.58 carats, IGI said Wednesday.

“The innovative approach in physical chemistry of diamond growth, combined with sophisticated technological methods and advanced high-pressure equipment, allowed us to obtain record-breaking extra-large diamond single crystals, having in mind the idea of getting the biggest possible diamond plate,” said Meylor CEO Yuliya Kusher.

Meylor grew the diamonds as part of its “World’s Largest Black Diamonds Project,” which it began at the beginning of the year. However, it intends to try for a larger one in the future. The larger stone holds the Guinness World Record for its category, IGI reported.

“The significant milestone of [over 100 carats] in diamond size was achieved by our company in a very short time, and the next even more promising target of [over 200 carats] is right now under deep scientific investigation,” Kusher added.

Source: diamond.net

Sotheby’s to Sell 119ct. Sapphire in Hong Kong

The 118.88-carat Burmese sapphire and the 6.41-carat pigeon’s blood Burmese ruby.

Sotheby’s will sell a 118.88-carat, royal-blue, unheated Burmese sapphire in Hong Kong next week, the largest of its kind the auction house has offered in 20 years.

The cushion-shaped stone, surrounded by pear-shaped diamonds weighing a total of 16.06 carats, will lead the October 7 Magnificent Jewels sale, Sotheby’s said Monday.

A pear-shaped, 4.84-carat, fancy-vivid-blue, internally flawless diamond ring is also set to go under the hammer. The piece, which also features two brilliant-cut diamonds, each weighing 1.10 carats, has a high estimate of $8.5 million.

Also up for auction are a pair of pendant earrings featuring brilliant-cut, fancy-intense-blue diamonds weighing 1.95 and 1.63 carats. Those stones suspend two pear-shaped, D-color, internally flawless, type IIa diamonds weighing 5.95 and 5.24-carats. The set has a presale value of up to $4.6 million.

In addition, Sotheby’s will feature a cushion-shaped, 6.41-carat, pigeon’s blood Burmese ruby ring surrounded by French-cut white diamonds. The jewel, which was designed and mounted by Hong Kong-based jeweler Forms, carries an upper estimate of $2.9 million. Meanwhile, a ring containing a cut-cornered rectangular modified brilliant-cut, 18.68-carat, fancy-light-purplish-pink diamond is set to fetch up to $2.2 million at the Hong Kong sale.

“The jewelry market has proven to be highly resilient, with our clients in Asia eyeing the best quality jewels on offer,” said Wenhao Yu, Sotheby’s deputy chairman of jewelry for Asia.

Sotheby’s will showcase the pieces in Hong Kong from October 3 to 6 prior to the sale.

Source: diamonds.net

India’s rich tussle for Argyle pink diamond because mines are not forever

India’s super rich are rushing to grab an Argyle pink diamond before the primary source of rarest pink diamonds in the world for the last four decades, Rio Tinto’s Argyle mine in Australia closes down operations by the end of the year.

Diamond traders said demand for Argyle pink diamonds has shot up by three times among high net worth Indians compared to last year.

“Argyle pink diamond is a true love for diamond connoisseurs across the globe,” said Darshit Hirani, owner of Mumbai-based P Hirani that only deals with coloured diamonds. “In India, there are business families and high net worth individuals from places like Mumbai, Bengaluru and Hyderabad who are aware of the rarity of Argyle pink diamond and they are keen to own one. It is a collector’s item.

Investment-wise it has a lot of value too. Every year, the price of Argyle pink diamond has witnessed a double-digit growth. And once the availability dries up, prices will shoot up further,” he said.

The price of Argyle pink diamond starts at $15,000 a carat and can go up to $1 million depending upon the size and clarity.

Fugitive Indian diamond merchant Nirav Modi was one of the major buyers of Argyle pink diamonds that he had used in his jewellery brand.

For almost 40 years now, the Argyle diamond mine in Kimberley, Western Australia has been producing about 90% of the world’s most coveted pink diamonds.

The mine holds an invitation-only annual Argyle Pink Diamond Tender in which it showcases its best pink, red, and even blue stones from the preceding year.

Its closure is anticipated to disrupt the global diamond market, and the value of coloured diamonds will likely skyrocket as supply falls, traders said.

“Consumers are mostly well aware that this is a good product to purchase. Diamonds continue to enjoy their admiration as an investment,” said Milan Chokshi, who owns Moksh

Jewellery, a diamond jewellery brand that provides its customers information about the dwindling supply pipeline to repose their faith in diamonds. “When mounted in well designed and manufactured jewellery, it not only has investment value, but also artistic and emotional value,” he said.

Not only the Argyle diamonds, natural diamonds will get rarer as days go by as no new mines are coming up, traders said.

Source: economictimes

Lucapa’s sale fresh sign of diamond market recovery

Australia’s Lucapa Diamond and its partners in Angola have sold $5.6 million worth of diamonds from the Lulo mine at their latest event, a fresh sign that the market is slowly improving.

The miner, Angola’s national diamond company (Endiama) and Rosas & Petalas sold 3,862 carats at an average price of $1,450 per carat. The figure took total sales of diamonds recovered so far this year at Lulo mine to 16,128 carats and $21.3 million.

“As foreshadowed, the strong operational performance and record diamond recoveries at Lulo in July and August, together with a recovering diamond demand positively impacting prices, should bode well for Lulo in H2 2020,” Lucapa’s managing director Stephen Wetherall said.

Global demand for all types of diamonds fell between 2018 and 2019, affecting small stones producers the most, due to an oversupply in that segment that dragged prices down.

Increasing demand for synthetic diamonds also weighed on prices. Man-made stones require less investment than mined ones and can offer more attractive margins.

Just when the market seemed to have bottomed out, it was hit in March by the coronavirus pandemic. Its rapid spread forced some mine shutdowns and limited mobility of potential buyers, painting a bleak picture for even the largest diamond miners.

Conditions since have improved and De Beers, the world’s largest diamond producer by value, was the first major producer to come out with good news. It said earlier this month it had made about three times as much in sales of roughs in the seventh sales cycle of the year as it did in the previous event.

The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers 10 times a year at events called sights, sold $320 million worth of rough diamonds in the seventh cycle. That compares to the $116 million fetched in the previous sight and is not far behind the $400 million De Beers sold on average each month last year.

Angola’s diamond push
Lucapa’s improved sale also come in the midst of Angola’s fresh attempts to boost its local industry. The West African nation is the world’s fifth diamond producer by value and no.6 by volume.

According to official figures, however, only 40% of Angola’s kimberlite has been discovered.

The country’s industry, which began a century ago under Portuguese colonial rule, is successfully being liberalized.

Last year, Angola held its first public diamond auction and since then, producers no longer have to sell at below-market prices to a handful of buyers favoured by the state.

Endiama revealed in February it was seeking international partners in an attempt to place Angola among the world’s top-three diamond producers.

The country currently has 14 diamond mining projects, with the largest being the Catoca mine, which produces 61% of the country’s output.

Catoca is also the world’s fourth-largest diamond mine in the world. It is owned by a consortium of international mining interests, including Endiama, and Russia’s Alrosa.

Source: Mining.com

Vacheron Constantin Heure Romantique Jewelry Watch With Diamonds

With more than 200 years of watchmaking expertise, Vacheron Constantin – the oldest, continually operating Swiss watch brand has a lot of archives to turn to for inspiration.

That is exactly what it did when the brand opted to release a new timepiece to its Heures Creatives collection.

Today, Vacheron Constantin unveils the highly sophisticated and somewhat dramatic new Heures Creatives Heure Romantique ladies’ watch.

With this new diamond-set 18 karat gold ultra feminine timepiece, Vacheron Constantin not only showcases its ability to embrace the past and translate it to today with ease, but also deftly demonstrates its watchmaking and gem-setting expertise.

Vacheron Constantin 2020 Heures Creatives Heure Romantique ladies’ watch — The Vacheron Constantin Heures Creatives Heure Romantique ladies’ watch was inspired by an archival … [+] © VACHERON CONSTANTIN

The new flower-shaped watch with great curves recalls the Art Nouveau era in its shape and its setting.

The watch boasts a striking black mother of pearl dial with beautiful striations and highly stylized Roman numerals within the arabesques.

It is meticulously set with diamond brilliants on the case, case sides, and leaf like lugs using a prong setting that was prevalent in the early 1920’s and ‘30’s and that is still relevant today.

In fact, the 18 karat white gold watch boasts a total of 104 diamonds set on two levels of the case for stunning appeal.

Even the white gold folding clasp and the crown are set with diamonds – for a total of 123 stones weighing 2.6 carats.

As if the diamonds and the meticulous setting which takes an artisan hundreds of hours to complete Vacheron Constantin also adds finely engraved small gold beads to the entire circumference of the case, with another row of beads outlining the diamonds on the case.

This incredible detailing takes dozens of hours of work and is barely noticeable from a distance. However, Vacheron Constantin would have it no other way. The brand is a stickler for details.

Vacheron Constantin ladies watches 2020 — The Heure Romantique ladies’ watch features diamonds set on two levels, as well as the leaf-shaped VACHERON CONSTANTIN

The Heures Creatives Heure Romantique watch, which was inspired by a 1916 archival piece that was created with an all diamond bracelet, joins Vacheron Constantin’s Heures Creatives collection.

The series was started five years ago in 2015, with the first watches released being a trilogy of watches inspired by the Belle Epoque era and forward through the 1970’s.

Looking at this elegant watch, one would guess it to be fitted with a quartz movement. However, Vacheron Constantin prides itself on its watchmaking as well as its artistic craftsmanship.

This watch is more than just a beautiful statement piece, it also boasts a top notch in-house-made mechanical movement.

Powered by the extremely thin manual winding Caliber 1055, with 115 individual components and 21 jewels, the petite watch boasts 40 hours of power reserve.

It is finished with a black satin strap perfect for any black-tie soiree. The watch retails for $54,500.

Vacheron Constantin watches 2020 — Vacheron Constantin has been creating romantic watches for women for centuries. © VACHERON CONSTANTIN

Source: forbes