The Diamond Certification Laboratory of Australia (DCLA)
Buy and sell diamonds with the help of the experts
The 118 carat D Flawless Diamond was recovered at one of the mines of South Africa in 2011. Its weight was 299 carats before it was polished.
The exceptionally rare diamond was auctioned off by Sotheby’s on Monday for $30.6 million. While the new owner is unknown it is estimated that more than 80 percent of large rare diamonds have been purchased by Asian buyers.
The Pink Star a 59.60-carat, internally flawless, fancy vivid pink, type IIa diamond will be up for sale at Sotheby’s Geneva.
The Pink Star originally a 132.50-carat rough diamond that was recovered by De Beers in South Africa in 1999 was then cut and polished by Steinmetz Diamonds taking two years to finish.
The diamond was first shown by Steinmetz in Monaco in 2003.
With a presale estimate in excess of $60 million the exceptional diamond is expected to sell November 13.
The Pink Star weighs more twice the 24.78-carat Graff Pink diamond, which reached a world auction record at $46.2 million at Sotheby’s Geneva in 2010.
The 257 carat diamond is from Karowe Mine in Botswana.
The AK6 kimberlite, has reported the recovery of 47 diamonds of sizes greater than 50 carats, including 14 that exceeded 100 carats. The Karowe mine continues to outperform with the consistent recovery of large, high value diamonds, the recovery of this magnificent 257 carat diamond, along with the recovery of a significant parcel of larger stones over the past 6 months, strengthens our understanding of the resource at Karowe, said president and CEO William Lamb.
Mr Zamel the third generation diamantaire from the original Zamel family from Adelaide. After 6 years as a control grader at DCLA, Matthew assumes responsibility as DCLA head of Laboratory Director.
Mr Zamel brings years of experience in diamond grading and diamond industry knowledge. Mr Zamel’s history in the in the diamond industry extends back three generations as one of Australia’s best known and respected diamond and Jewellery families. Mr Zamel’s extensive knowledge and technical ability makes him an important asset to the company and trade.
For any further information on services and pricing, please call or email Mr Zamel at DCLA.
$520 million De Beers August sight after sightholders refused a significant part of the goods on offer. De Beers have adjusted prices on some cheaper Indian and rejection boxes.
The Indian rupee fell to a low of 69.22/$1 during sight week. The currency has lost fell 8.1 percent in August, recording its worst month since 1992.
The sightholders said that the adjustment wasn’t enough to make a difference for the devaluation of the rupee against the US dollar, which has affected the Indian diamond manufacturers.
This has cause a liquidity problem in the manufacturing sector as banks have become more prudent in their lending to the industry. Activity on the secondary market is limited as people are not buying without 90 to 120 days credit.
October site will be the final sight that De Beers holds in London. The company will transfer its sightholder sales to Gaborone, Botswana by the November sight.
Sotheby’s Hong Kong Magnificent Jewels is offering the 7.59 ct fancy vivid blue round diamond as the top lot.
Known as the Premier Blue the internally flawless round brilliant diamond is the largest fancy vivid blue round diamond ever graded by the GIA and is expected to make around $19 million.
The incredibly rare diamond will go on tour throughout Asia as well as in Geneva, London, New York and Doha at before the auction in Hong Kong. Blue diamonds seldom come to market and have been coveted by royals and celebrities for centuries
Companies that bought diamonds from De Beers between 1994 and 2006 paid higher prices than they would have in a truly competitive open market.
The DMIA had played a significant role in bringing the suit to a successful conclusion by filing papers in favour of the settlement of a class action suit against De Beers.
It is a milestone moment. And normalises business for De Beers in America.
An armed man wearing a bandana or scarf and a cap, brandishing an automatic weapon stole jewellery worth an estimated value of $53 million.
The brazen broad daylight heist took place at the diamond exhibition in the French Riviera resort of Cannes.
"Everything happened very quickly and without violence," the prosecutors said. The diamond heist was one of the largest in years in France.
De Beers, the world’s largest diamond producer, introduces forward sales contracts for buyers in its rough-diamond auctions.
Owned by Anglo American, The De Beers Company is moving the purchasing, production and sales base for its diamond auctions to Singapore in November.
Forward trades will allow buyers to determine the volume of goods they want to purchase over a given period.
De Beers noted that 10 percent of the rough diamonds are sold via the auction platform.
Gem Diamonds recovered a 100 carat white, type IIa diamond from the Letšeng mine in Lesotho. Clifford Elphick, Gem Diamonds’ CEO, reported that the company has recovered three diamonds weighing more than 100 carats at Letšeng in the past two months.
Letšeng’s June export achieved an average price of US$2087 per carat, for a total value of US$22m. This compares to an average value of US$1599 per carat which was achieved for the first three tenders in the year.