The company announced that it has recovered a 46 carat pink diamond from the Lulo diamond project in Angola, a source of a series of high carat discoveries in recent years.
What makes this particular find significant for Lucapa is its location. The 46 carat rough diamond was recovered from a new prospect Mining Block 4, an area planned for resource delineation later this year and set to be included in Lucapa’s alluvial JORC resource update to be published in the coming months.
Sotheby’s Auctioneers announced the upcoming auction of the Raj Pink diamond.
Weighing 37.30 carats the Pink diamond is the largest Fancy Intense Pink Diamond, according to Sotheby’s.
The Pink Diamond will feature at the auction house’s Magnificent Jewels in Geneva next month, and is estimated to fetch $20 million to $30 million USD.
The Original Rough Diamond was studied for over a year before the master cutter finished the polished Raj Pink Modified Cushion Brilliant cut
There are a number of ways to verify that your diamond matches the diamond certificate it is purchased with. If you purchased a diamond that is laser inscribed, ask your jeweller to show you the laser inscription under magnification. This way, you will always be able to identify the diamond as your own.
DCLA also performs a verification service, for both DCLA certified diamonds and for diamonds certified by other internationally recognised laboratories. Bring or send your diamond, together with the diamond grading certificate, to the DCLA laboratory and the diamond will be conclusively matched against the certificate. DCLA can then cold laser inscribe the diamond with either the diamond grading certificate number, or with a personalised message.
Ask the jeweller if the diamond certificate comes from an independent diamond laboratory or if it produced by a diamond merchant or retailer, then do your research. Make sure the certificate is issued by the DCLA or another highly respected diamond grading laboratory; DCLA is the only diamond grading laboratory worldwide to offer a full-replacement Diamond Grading Guarantee.
Petra Diamonds announced that it had recovered a 138.57-carat, Type IIa, D-colour diamond at its historic Cullinan mine near Pretoria in South Africa. The company said the diamond would be offered for sale in Johannesburg later this month.
De Beers which produces thirty percent of world rough diamonds has cut prices by 10 percent for the sight.
This comes after two reductions in its annual production output by 15 percent failed to slow slump in prices of rough.
Rough diamond prices have dropped 14 percent in some categories and are in their fifth consecutive quarterly loss, which is the longest in a decade.
De Beers cut the size of the sight to $250 million and reduced the prices by 9 percent, according to sight holders.
De Beers has also contributed tens of millions to a jewellery advertising campaign. Its advertising campaign will promote diamond jewellery in the U.S. and to Chinese consumers.
Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference,
Each of the companies signed separate contracts with ALROSA and will buy rough diamonds worth USD 2.1 billion or about USD 700 million per year for a period of three years. This will assist the companies save considerable amount of commissions.