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The $4m Chess Set with 513 carats of Diamonds, Pearls and Sapphire

Tue, 21/07/2020 - 07:00
An Australian goldsmith has crafted the world's most expensive chess set, costing $4m. The pieces are made of 18k white gold, adorned with a total of 513 carats....

A Decade of Demise: Nine out of 10 Fashion Jewelers Close in Australia

Tue, 21/07/2020 - 02:00
A new State of the Industry report in Australia reveals that nine out of 10 stores that were selling fashion jewelry in 2010 have since closed. Six of the seven chains....

Lab-Grown and Mined Sectors "Call a Truce"

Mon, 20/07/2020 - 09:00
The lab-grown and mined diamond sectors have "called a truce" as they unite against the common enemy of declining demand, claims an expert writing for business magazine Forbes....

De Beers Invest in "Try and Buy" Jewelers Gemist

Mon, 20/07/2020 - 03:00
Gemist, the pioneering "try and buy" online jewelry retailer, has announced an investment from the innovation division of De Beers. The Los Angeles-based company is the first

Rare Emerald and Diamond Ring Fetches $1.2m

Mon, 20/07/2020 - 01:00
A rare 21.52-carat Colombian emerald ring with two half-moon diamonds sold for its high estimate of $1.2m at Phillips, in Hong Kong. It was the lead item in a sale that realized....

Businessman Charged over $200m Jewelry Ponzi Scheme

Sun, 19/07/2020 - 09:00
A New York businessman who allegedly promised investors huge returns from wholesale jewelry deals has been charged with running a $200m Ponzi scheme. Gregory Altieri, 53, lured them...

Lucara to Sell all High-Value Diamonds through HB Group

Sun, 19/07/2020 - 07:00
Lucara is to sell all its larger rough diamonds through the Antwerp-based HB Group in what it describes as a "groundbreaking partnership". The Canadian miner has a reputation for high-value type IIa diamonds....

Coronavirus: Alrosa and De Beers Sales Plunge by over 90 per cent

Sun, 19/07/2020 - 05:00
Alrosa and De Beers have both reported disastrous Q2 sales - down over 90 per cent - because of COVID-19. The two miners, who account for more than half of all diamonds... 

Israel's Cut-Price Coffee King Moves into Lab-Growns

Thu, 16/07/2020 - 06:00
The businessman who launched the Cofix chain of no-nonsense coffee shops in Israel is now moving into lab-grown diamonds. Avi Katz has just opened the first X Lab Diamonds store...

Rapper with $250,000 of Diamonds in his Teeth

Thu, 16/07/2020 - 04:00
US rapper Gucci Mane has spent $250,000 having his teeth studded with diamonds. The Hip Hop star, aged 40, already owns a a 35-carat diamond pinky ring....

Rhodes Memorial Beheaded in South Africa

Thu, 16/07/2020 - 02:00
A memorial to Cecil Rhodes, founder of the De Beers diamond empire, has been beheaded in South Africa. Damage to the statue, at the top of Table Mountain, Cape Town...

Surat Remains Closed as COVID-19 Cases Surge

Wed, 15/07/2020 - 05:00
Surat's diamond industry remains at a standstill after another surge in COVID-19 cases. The city's 5,000 factories had been due to re-open yesterday after a two-week closure...

Coronavirus: Diamond Auction Raises $340,000 for Grieving Families

Wed, 15/07/2020 - 04:00
Three spectacular pieces of diamond jewelry sold for $338,781 at auction to support the families of healthcare workers who lost their lives battling COVID-19. They were specially created by renowned....

Coronavirus: Lulo Sales Plunge by 80 per cent

Wed, 15/07/2020 - 01:00
Rough sales fell by 80 per cent during Q2 at Lucapa's Lulo Mine, in Angola, as the COVID-19 pandemic continued. Price per carat was down by 67 per cent...

More High Quality Diamonds at Oena, South Africa

Tue, 14/07/2020 - 10:00
Southstone Minerals reports further discoveries of very large and high-quality diamonds at its alluvial Oena mine, in South Africa. Output for Q3 (March to May) was severely impacted by coronavirus...

India's Tax Break for Diamonds Stuck Abroad

Tue, 14/07/2020 - 04:00
India is allowing companies more time to have diamonds graded and certified abroad without having to pay duty, in response to coronavirus. Polished diamonds are routinely sent to labs overseas...

Diamond Workers Desert Surat for their Villages

Tue, 14/07/2020 - 01:00
Migrant diamond workers are deserting Surat, India's cutting and polishing capital as COVID-19 cases spike and factories remain closed. They're returning in their thousands to villages....

Vivid Heart-Shaped Fancies Fetch $18.6m

Mon, 13/07/2020 - 10:00
A pair of matching heart-shaped fancy diamonds - a vivid pink and a vivid blue - fetched a combined price of $18.6m at Sotheby's in Hong Kong. The stones were sold as separate lots...

Coronavirus: Netanyahu Urged to Help Israel's Diamond Industry

Mon, 13/07/2020 - 09:00
The president of the Israel Diamond Exchange has made an impassioned plea for the government to help an industry that has lost $600m to COVID-19. "We are turning to you with an urgent request...

Dispute over $40m Princie Diamond will go to Trial

Mon, 13/07/2020 - 04:00
A long-running dispute over the ownership of the Princie, a $40m pink diamond sold by Christie's, is to go to trial in the USA. The exquisite 34.65-carat stone was sold...

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