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The De Beers Blue auction

Press release – Moments ago at Sotheby’s Hong Kong, a significant new benchmark for the diamond market was set, as the extraordinary ‘De Beers Blue’ – a 15.10 step-cut Fancy Vivid Blue diamond, the largest of its kind ever to appear at auction – sold for HK$451 million / US$57.5 million – among the highest […]

Russian Diamonds: The Prisoner’s Dilemma

The Russian invasion of Ukraine is changing the diamond industry’s governing dynamics. The last time something similar happened was after 9/11, when the American Congress adopted the Patriot Act in October 2001. Global business fundamentals had to change including for the diamond and jewelry industries. As a result, the Kimberley Process was born in 2003 […]