In a surprise announcement, online jeweller Blue Nile has entered into an agreement to be acquired by an investor group managed by Bain Capital Private Equity and Bow Street LLC.
Bain Capital and Bow Street will acquire 100 percent of the outstanding shares of Blue Nile common stock.
The cash deal is valued at $500 million, Blue Nile stockholders will receive $40.75 in cash per share, 34 percent over Blue Nile’s closing price on November 4.
Blue Nile’s board of directors approved the deal unanimously, and recommended that stockholders vote their shares in favour of the transaction.
The 118.78 carat type IIa diamond with no fluorescence and an excellent polish and symmetry. Is a record for a heart shape.
The diamond was polished from a 357 carat rough recovered at the Letšeng mine in Lesotho in 2015. Gem Diamonds sold the rough for $19.3 million to an undisclosed buyer in September that year.
Laurence Graff said “It is the most beautiful heart shape diamond I have ever seen.
Lucapa Diamond mining at the Lulo diamond project in Angola, have recovered two diamonds weighing 71 carats and 77 carats.
large diamonds known as specials follow the recent recovery of top colour diamonds weighing 172, 104 and 72 carat white diamonds, and an exceptional 39 carat pink, the most valuable fancy coloured diamond to date from Lulo.
Significant dates or names can be added to the girdle of the diamond.
That is the outer rim of the stone. Cold Laser is great for making the stone one hundred percent identifiable, using a name, number of your choosing, even without certification.
The Photoscribe cold laser inscription is the only laser guaranteed not to change or damage the quality of your diamond. Allowing laser to be done after the report has been issued.
Cold Laser of dates, names or love hearts is $75.00. Or Call DCLA for a booking or for a quote for more elaborate messages or logos.
Lucapa Diamond Company recovered a 104-carat, D color diamond.
The type IIa stone is the fourth rough diamond above 100 carats extracted from the deposit this year and the fifth since operations began at its Lulo mine in Angola.
The diamond is the latest special diamond found at Lulo weighing more than 10.8 carats.
The mine’s largest pink diamond a 38.6-carat pink diamond was unveiled earlier this month.
Tuesday 20th September. Two diamonds submitted to the DCLA laboratory by a Sydney jeweller were identified as laboratory created.
No mention of treatments or origin were forthcoming as per the instruction of international industry bodies and associations. The diamonds are both high colour, one of VS1 clarity the other Si2 clarity.
Both having no visual identifying characteristics even under high magnification. The notation of laboratory created usually lasered on the girdle was not present and may have been removed.
The diamonds were screened out by the absence of nitrogen in the carbon bond, and identified positively as type two HPHT by the growth structure.
Dealers and jeweller wanting further information can call the DCLA trust line 1300 413 425
HRD Antwerp has invalidated 156 diamond grading certificates and fired three employees who accepted a financial incentive for tampering with the reports at its Mumbai laboratory.
A Mumbai-based trader attempted to improve the grade of diamonds he submitted to the laboratory by enticing three full-time staff members, Peter Macken, HRD’s chief executive officer, told Rapaport News.
The client, a “one or two person” firm, has been banned from working with the grading company in future, while the employees admitted to their actions and were subsequently dismissed, Macken added. The diamonds in questions were submitted to the lab for their first grading.
HRD’s internal controls picked up on a discrepancy between the stated grade in two places. That alerted checkers to a problem, leading to their discovery that the reports had been tampered with. “We uncovered it pretty early on,” Macken (pictured) said. HRD filed a complaint with the local authorities and has engaged with external lawyers in India and Belgium. The company released a list of the reports under investigation, which relate to diamonds ranging from 1.01 carats to 3.96 carats with a combined weight of 327.25 carats.
HRD is offering a free check to anyone holding one of the documents. The list relates to reports that may have been affected, but not all of them were definitely altered, Macken stressed. “HRD Antwerp strongly believes that the most effective way to strengthen consumer confidence and safeguard the integrity of the global diamond trade is by making these acts public and by holding those who commit these acts fully accountable for their actions,” he said a separate statement.
RapNet, Rapaport’s diamond trading network, has removed and blocked the reports from its website. As of Thursday morning, 11 of the reports were on RapNet and have been removed, while 70 have been listed in the past but are no longer active.
Petra Diamonds announced that it had recovered a 138.57-carat, Type IIa, D-colour diamond at its historic Cullinan mine near Pretoria in South Africa. The company said the diamond would be offered for sale in Johannesburg later this month.
Swarovski, the Austrian company famed for its signature crystals, is now selling synthetic diamonds.
A Swarovski spokesperson confirmed that the renowned jewellery brand has launched Diama, its first lab-grown diamond line, marking a shift for a company that has traditionally sold diamond simulants.
A Swarovski statement says Diama is an amalgam of Dia for diamond and Ama for love. All the diamonds are set in 18k gold, it says. “Swarovski Created Diamonds are identical to mined diamonds according to their optical, physical, and chemical properties,” it says. “They are diamonds with all of the essential qualities of a diamond, only the origin is a laboratory, not the earth.”
DCLA verification, loan valuations of your diamond or diamond jewellery.
DCLA in conjunction with Assetline are now offering valuation services and assistance in getting short term loans with the established, reputable short term secured asset lender.
With a national presence, offering finance in NSW, VIC, QLD, SA and WA. The loans are available from 1 month to 12 months. Assetline short term lender will fund up to $5,000,000 per individual transaction.
The individual loan approval process is designed to provide you with a fast and efficient funding solution.
If you have a diamond certified by GIA, HRD or DCLA call us for an appointment.
Uncertified diamond jewellery or estate jewellery is welcome for assessment.
Assetline Capital has been recognized as Australia’s leading short term lender in the market and has been awarded the “Best Short Lender of the Year” award by The Adviser in both 2014 and 2015.
