‘The Rock,’ the largest white diamond ever auctioned, sells for $21.9 million
he largest white diamond to ever come up for auction has been sold for $21.9 million USD at Christie’s in Geneva.The 228.31-carat, pear shaped gemstone dubbed “The Rock” originated from South Africa, where some of the largest diamonds in the world have been found, including the pear-shaped “Star of Africa” and rose cushion cut “Golden […]
Angolan diamond mine says Russia sanctions could hurt operations
Endiama, which holds the exclusive concession for diamond mining rights in Angola, has already flagged an almost one-third reduction in diamond output this year. Angola’s state-run diamond miner Endiama could face a hit to its operations as Western sanctions on Russia could delay supplies of parts and machinery, according to a government brochure. The government […]
Gem Diamonds’ Revenue Rises in Q1 2022
Gem Diamonds’ revenue in Q1 2022 (ending March 2022) has gone up 4% quarter-on-quarter and 19% year-on-year to $52.1 million, IDEX Online reports. The miner, which owns 70% of the Letseng mine in Lesotho, sold 28,461 carats during the quarter – a rise when compared to the 24,790 carats it sold in the previous quarter. […]
Luck Shines On Madhya Pradesh Farmer As He Mines Almost 12 Carat Diamond
A farmer in Madhya Pradesh had a great stroke of luck as he stumbled upon a 11.88 carat good quality diamond in a small, leased mine in Panna, famous for diamond mines.The small-time farmer, Pratap Singh Yadav, who also works as a labourer, found this diamond from a mine in Patti area in the district, […]
Christie’s to Auction $18M D-Flawless Diamond
Christie’s will offer a 103.49-carat diamond that could fetch up to $18 million at its upcoming New York sale. The emerald-cut, D-Flawless, type IIa stone, called the Light of Africa diamond, will headline the auction house’s Magnificent Jewels sale on June 8, it said Monday. It will be among the items featured as part of […]
Star Diamond confirms Type IIa high value diamonds at Orion North, Taurus kimberlites
Star Diamond has completed a study into the abundance of Type IIa diamonds in parcels recovered from the Early Joli Fou geological units at the Orion North (K120, K147 and K148) and Taurus kimberlites (K118, K122 and K150). The pipes are located within the Fort a la Corne diamond district of central Saskatchewan, including the […]
Russia says it may buy diamonds from sanctions-hit Alrosa
Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country’s Finance Minister Anton Siluanov said on Wednesday. The United States imposed sanctions on state-controlled Alrosa in April, complicating the Russian company’s operations in the global diamond market, with the […]
Sotheby’s Rakes In $57.5M for De Beers Blue
A record blue diamond co-owned by De Beers far outstripped its presale estimate in a stand-alone sale at Sotheby’s in Hong Kong, garnering HKD 450.9 million ($57.5 million), the auction house said Wednesday. The step-cut, 15.10-carat, fancy-vivid-blue, internally flawless stone, called the De Beers Cullinan Blue, is the largest of its color to appear at […]
De Beers goes back into Angola after the country radically improves its investment legislation
De Beers is to start diamond exploration in Angola later this year after signing two mineral investment contracts with the Angolan government but the secretive group is giving little away on the details of the agreements. De Beers announced today that the two licences covering prospects in the north-east of the country are for the […]
Alrosa roughs are not ‘conflict diamonds’, says India
Exports of rough diamonds from Russia’s state-owned Alrosa mines have resumed to India, although tensions remain high over such consignments. Many Western nations are seeking to shut down Russia’s diamond trade with India by calling Russian diamonds conflict diamonds, or blood diamonds. Critics such as Cristina Villegas, director of the Mines to Markets program at […]