Lucara finds 998ct. diamond
The Karowe mine has produced a 998-carat diamond, the latest in a string of large rough stones from the lucrative deposit in Botswana.
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Record price tag: $26.6m for a 14.83-ct purple-pink diamond
The largest vivid purple-pink diamond ever to appear at auction has sold for a record $26.6m.
A chance to rebuild the diamond industry
The economic challenges resulting from Covid-19 have forced companies and industries at large to reassess their value propositions. Along with the tremendous health concerns, the coronavirus has also brought unprecedented disruption to the global economy, pushing the business community to modify the way it operates. The changes that have taken effect during the coronavirus will […]
What Argyle’s closure means for the diamond business
Regardless of all the history that the Argyle mine sparked—some of it no doubt unexpected when a handful of diamonds were first discovered in Western Australia in 1979—its closure may signal a new era in diamond mining.
Chow Tai Fook unveils in-house AI grading report
Chow Tai Fook is launching its own diamond certificates based on artificial intelligence, using a new grading scale featuring numbers instead of letters.
Louis Vuitton to cut 549-carat Lucara Diamond
Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara.
Australia’s Argyle mine is now closed
The Argyle Diamond Mine in Western Australia, the world’s major source for pink and purple stones, marked its last day of mining Tuesday [November 3].
More retailers selling lab-grown diamonds, survey finds
About 38% of independent jewelers are now carrying lab-grown diamonds, according to a new survey by MVI Marketing for the International Grown Diamond Association and InStore magazine.
Tiffany–LVMH war ends with no winner
The war between LVMH and Tiffany & Co. has ended, with both sides agreeing to shave over $400 million off of last year’s $16.2 billion purchase price. Yet, it’s hard to tell who actually won this battle. It looks like they both lost.
Alrosa extends supply contract to March 2021
Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday [October 21].
De Beers delays new sightholder contract
De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.
Lightbox is headed to Blue Nile
Lightbox is here to shake things up again. The De Beers-owned lab-grown diamond brand is partnering with jewelry e-tailer heavyweight Blue Nile on a new collection.
