Funding Zimbabwe diamond mines risky

Rand Merchant Bank (RMB) a leading South African bank said diamond mining ventures in Zimbabwe are difficult to fund because of the high political risk and uncertainty in the country.

Zimbabwe has of late rescinded the licence of a diamond company and threatened not to renew those of others.

These policies leave mining firms unable to complete the projects the money was borrowed for and hence are unable to pay their financiers back.

Petra Diamonds discovers 122.5 ct blue diamond

Petra Diamonds has found a 122.5 carat blue diamond at the Cullinan mine in South Africa.

This is the largest blue diamond found by Petra since the mine was sold to Petra by De Beers in 2008.

In February 2010 Petra sold the 507 carat white stone found at the same Cullinan mine for $35.3 million. This stone may break that record.

Cullinan mine is renowned for producing largest and most exceptional diamonds including the worlds largest at 3,106 cts.

DCLA 13 Years old.

DCLA Australia’s leading diamond grading laboratory has turned 13.

The Sydney based DCLA laboratory is a one of a kind, as the only laboratory in Australia grading to international IDC standards and regulations.

Technologically advanced and accurate the DCLA has been long considered the industry standard, Respect by the discerning trade and consumers.

Thank you for your support and , We look forward to celebrating the milestone with you.

DCLA Synthetic diamond identification

DCLA Laboratory established in 2001 has always had the ability and equipment to identify synthetic diamonds.

The DCLA laboratory has identified many synthetic diamonds over the past several years.

DCLA is compliant and works strictly to the IDC rules.

As per the IDC rules the Synthetic diamonds Must be disclosed as “Synthetic diamond”.

Labs will have the choice whether or not to issue a grading report/certificate for synthetic diamonds. In case one is issued only a full grading report may be delivered.

If they do not issue grading reports, a short statement with weight, shape and nature of the stone must be available. The term “Synthetic Diamond Examination Report” or “Synthetic Diamond Assurance Report” is suggested for this limited document.

The terms laboratory-created/laboratory-grown/man-made/synthetic diamond may be used. The term “cultured” may not be used in any way to describe synthetic diamonds.

The DCLA will not certificate synthetic  diamonds or diamonds with reversible treatments as this could lead to confusion in the Australian market.

 

Where’s the best place to buy loose diamonds?

General consensus is to definitely buy online.

Simple reason is online sales don’t have the expense of retail location, security and personnel.

All of these add to the cost of the diamond, but not the value.

But before you do buy, ask these questions.

Do all online diamond sellers ship free of charge?

Can you view before buying, if you wish? 

Is the diamond certified by an IDC or equally highly recognised Laboratory?

Is the diamonds quality guaranteed?  

 

Only at the DCLA Diamond Exchange the answer is yes to all these questions.

The Diamonds are certified by the best laboratories in the world and are Fully Guaranteed.

The shipping is Free across Australia.

And most important, a trained diamond grader will personally show you all the diamonds attributes, as well as explain all the details so that you understand and make an educated decision before you buy.

This is all done as a free service complements of the DCLA laboratory which is the only qualified and state of the art IDC Laboratory in Australia.

 

To buy diamonds click here

162.06 ct type II Diamond

Gem Diamonds has sold a 162.06-carat type II stone sold for $11.1 million and a 161.74-carat type I diamond sold for $2.4 million, the two diamonds where recovered at the Letšeng mine.

Gem Diamonds has produced four of the top 20 largest white gem quality diamonds on record.

Pink star default

Inventory at Sotheby’s rose significantly due to acquisition of the Pink Star, renamed the Pink Dream the 59.60 ct, internally flawless, fancy vivid pink diamond which was sold to diamond cutter Isaac Wolf in November for $83,187,381 USD. The reason Sotheby’s acquired the rare stone is due to Wolf’s default.

Sotheby’s are quite comfortable with their valuation and comfortable in owning it at this price. Sotheby’s is currently pursuing a resolution with the buyer, while also considering other alternatives against the default.

29.6 carat blue diamond found in South Africa

Petra Diamonds has recovered a 29.6 ct blue diamond, possibly the rarest and most coveted in the world.

Cailey Barker at brokers Numis said the diamond could fetch between $15 million and $20 million at auction.

Chief Executive Johan Dippenaar said “this is probably the most significant stone we’ve ever, in terms of blue stones, recovered”. At the mine is located in South Africa.

De Beers has introduced forward contracts for rough

The world’s largest rough diamond miner De Beers has introduced forward contracts for rough diamond sales.

DTC site holders can order diamonds supply ahead, including the specific quantities and qualities of stones required for monthly productions. Indian jewellers believe the new system could artificial increase rough diamond prices.

The first contract was issued in London on Tuesday and it is anticipated the contracts to bid for supplies for the year will be introduced in 2014.

De Beers posted a 6.29 per cent rise in rough diamond production for the first two quarters of 2013. Overall rough diamond production rose to 14.295 million carats form 13.449 million carats in the period last year.

1.78-Ct created Diamond

The producer of gem quality, laboratory grown diamonds is offering one of the purest and largest Type IIa white diamond yet created.

The diamond is that weighs 1.78 carats, is G colour, and SI1 clarity. This follows the 1.29-carat, E colour, VVS2 clarity, which the firm said at the time was the world’s largest, whitest lab-grown diamond. Gemesis current inventory includes more than 1,200 VVS2 and VVS1 clarity grades, as well as a range of E and F colour diamonds.

Gemesis also recently introduced pink laboratory grown diamonds on its e-commerce site last month. The diamond is certified by the International Gemmological Institute.