232.08 carat D colour Type IIa diamond recovered by Petra diamonds at the Cullinan mine in South Africa. The diamond is of exceptional size and clarity, and is a incredible example of the large, high quality diamonds for which the Cullinan mine is renowned.
Gem Diamonds revenue at three year high
Gem Diamonds Ltd has had a 50 percent value increase this year. Rough diamond prices have risen about 14 percent year to date on Chinese demand.
Gem Diamonds average sales were at $2,747 per carat an increase 58 percent. Gem Diamonds Letseng mine in Lesotho has produced some of the world’s biggest diamonds, including the 603-carat Lesotho Promise.
A polished diamond from the Lesotho Promise is at Graff Diamonds in London. Gem Diamonds reported first two quarter profit of $19.7 million. And Gem reported an increase in sales of 54 percent to $148.9 million.
Gem Diamonds recovers 198 ct diamond
Gem Diamonds recovered 198-carat the type IIa diamond at its Letseng mine at the end of July. The diamond a top white with no fluorescence will fetch an exceptional price when sold this later this year.
Diamond Production Up By 12% De Beers
Debswana in Botswana and De Beers Consolidated Mines in South Africa year to date production has increased by 12%.
Total diamond sales were also up 15%, to $3.5 billion. This reflected the reasonably positive outlook for polished diamonds in the key markets of the US, China and India De Beers said in a statement.
De Beers group said that due to the seasonal nature of polished diamond consumption, it expects that H2 will see lower demand for rough diamonds.
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Zimbabwe has of late rescinded the licence of a diamond company and threatened not to renew those of others.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.
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.