India Says Slump in Diamond Exports Is Much Worse Than 2008
Diamond exports from India, which polishes about 90% of the world’s rough diamonds, will collapse by as much as a quarter this year as the pandemic crushes demand and breaks supply chains. Overseas sales of cut and polished diamonds may slump 20% to 25% in the year ending March from $18.66 billion last year, according […]
GIA Unveils New Lab-Grown Reports
The Gemological Institute of America (GIA) has launched its new grading reports for lab-grown diamonds, offering an updated look and format. The new documents, branded “LGDR by GIA,” come in digital-only form and use specific color and clarity scores rather than the descriptive terms and ranges that appeared in its previous reports, the organization said […]
De Beers sales show steady recovery in diamond market
De Beers, the world’s largest diamond producer by value, said on Wednesday that its latest sale of roughs yielded 40% more revenue than the seventh cycle, which already was more successful than the previous event. The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers 10 times a year at […]
‘Grading’ Is Just for Natural Diamonds, Says CIBJO
Laboratories should reserve the term “grading report” for natural diamonds rather than lab-grown stones, the World Jewellery Confederation (CIBJO) has urged. Lab-grown diamonds lack the rarity that underpins the concept of grading, CIBJO argued Tuesday. Instead, documents providing details of synthetics should be called “Laboratory-Grown Diamond Product Specifications,” the organization says in a new set of […]
Dominion Diamond Mines sale of Ekati falls through
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart. Dominion Diamond reported on Oct. 9 that three insurance companies – Aviva Insurance Company of Canada, Argonaut […]
Sotheby’s Expects Pink to Fetch Up to $38M
Sotheby’s will sell the largest vivid purple pink diamond ever to appear at auction, with expectations it could achieve up to $38 million at a November sale. The oval modified brilliant-cut, 14.83 carat, fancy vivid purple pink, internally flawless, type IIa stone is set to go under the hammer at the Magnificent Jewels and Noble […]
Watch and Jewellery Valuations
AcuVal is a platform and mobile application (App) which makes producing valuations for jewellery easier, faster and more cost-effective. The AcuVal App is a convenient platform used buy valuers and jewellers to create an accurate valuation, for a piece of Jewellery with a repeatable standard. A valuation for insurance replacement purposes is primarily a detailed […]
Piaget’s Diamond Heliconia Necklace Brings to Mind a Stunning Tropical Bloom
The Diamond Heliconia Necklace, a creation from Piaget’s latest Wings of Light Collection, evokes a tropical bloom with 130 gorgeous pear-shaped diamonds. Piaget’s latest high jewellery collection, Wings of Light, invites you to escape to a fantasy land of magic, mystery, romance and rarity. The creations embody a flourishing natural utopia, while capturing the splendour […]
Threat of synthetics is an opportunity for diamond traceability
The Namibia Desert Diamonds General Manager of Sales and Marketing, Lelly Usiku, said the threat of synthetic diamonds has brought about an opportunity in the diamond industry to focus on the traceability of the precious stones to verify diamond origins from the mines to jewellery. Usiku expressed these sentiments during a panel discussion on the […]
Christie’s Sets $10M Price Tag on Muzo Necklace
A Muzo emerald and diamond necklace is expected to sell for up to HKD 80 million ($10.3 million) when it goes under the hammer at Christie’s Magnificent Jewels auction in Hong Kong on November 29. The double rivière piece, designed by Edmond Chin for the House of Boghossian, contains 28 perfectly cut and matched, near-flawless […]