Gem Diamonds has announced the recovery of a high quality 254 carat Type II, white diamond, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. “It is pleasing to see that carat production during the Q1,2021 is up some 11% on the same period in 2020 and … Read more
Pandora has launched its first lab-grown jewelry line and pledged to cease using mined diamonds in any of the company’s pieces. The Danish jeweler will introduce the collection, Pandora Brilliance, in the UK on May 6, before debuting it globally in 2022, it said Tuesday. Pandora believes offering synthetics will make its products more accessible … Read more
Britain must return two Cullinan diamonds from its crown jewels, says a member of South Africa’s parliament. Mbusiyseni Ndlozi, of the left-wing opposition party Economic Freedom Fighters (EFF) tweeted: “Expropriation of the Queen’s crown without compensation: we want our diamonds back!” A tweet claimed the gems had a combined value of $5bn. The Cullinan I … Read more
For the first time in its history, iconic New York jeweler Tiffany & Co. has launched engagement rings for men. This May, Tiffany unveils the Charles Tiffany Setting, a collection of solitaire men’s rings with sizable round-brilliant and emerald-cut diamonds measuring up to 4.3 carats. Tiffany, which did more than $4 billion in jewelry sales … Read more
When it comes to buying that dream diamond, most people are unsure of what to look for. Buying that perfect diamond is not a low-cost exercise, with an average selling price of $16,000 for a 1 Carat quality diamond ring. Making sure that you make the correct choice for your budget is vital in making … Read more
A fancy-intense-pink diamond ring with a high estimate of CHF 11 million ($12 million) is set to feature in the Magnificent Jewels sale at Christie’s Geneva. The oval-shaped, 15.23-carat piece, surrounded by diamonds, will be offered alongside the 100.94-carat Alrosa Spectacle diamond at the May 12 auction, Christie’s said last week. Other notable items include … Read more
The company behind diamond “coins” for investors will embark on the automated purchase of about 50,000 gems on Tuesday. The coins will be the world’s first regulator-approved, exchange-traded, fungible diamond commodity offering. New York-based Diamond Standard is buying inventory to produce the first batch of 5,000 diamond standard coins, each containing “a set of certified … Read more
Gem Diamonds announced Thursday that the company produced 29,010 carats at its Letšeng mine in Lesotho, which is 11% more than in Q1 2020 – 26,110 carats. The company’s revenue for the period was US$43.9 million Q1 2020 – US$47.3 million and an average price achieved for the period was US$1,630 per carat Q1 2020 … Read more
Christie’s will sell a 100.94 carat diamond at its upcoming Magnificent Jewels auction in Geneva, where it expects the stone to fetch up to $18 million. The emerald cut, D color, internally flawless diamond, called the Spectacle, originated from a 207.29-carat rough Alrosa unearthed in 2016 at its Zarnitsa pipe in Yakutia, Christie’s said Monday. … Read more
The Gemological Institute of America (GIA) has asked customers to return a number of colored diamonds for reassessment, suspecting that a treatment might have gone under the radar. The organization will reevaluate certain diamonds with “green or greenish” in the color grade, a spokesperson told Rapaport News last week. The recall applies to reports it … Read more