Pink diamonds, renowned for their extraordinary beauty and value, have captivated the interest of jewelry lovers and collectors alike for generations. As symbols of luxury and affection, diamonds continue to be treasured in various forms, from exquisite jewelry pieces to loose stones that demonstrate wealth or love. The attributes that define the quality and worth […] The post Comprehensive Guide to Purchasing Pink Diamonds appeared first on The Jewelry Magazine ..read more

Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of an $8.2m blue diamond. The UK-based miner achieved an average $136 per carat on sales of 362,000 carats for $49m. Like-for-like figures for its fourth tender, in February, were $112 per […] The post Petra’s Prices Boosted $8.2m Blue appeared first on The Jewelry Magazine ..read more

The G7 sanctions on Russian diamonds will hurt India most, says the country’s external affairs minister, Subrahmanyam Jaishankar. “Our effort is to delay [this ban], to soften it and best of all, not let this happen at all,” he told young business leaders in Surat last week. “For us this has become a priority issue, […] The post India Still Fighting G7 Sanctions appeared first on The Jewelry Magazine ..read more

Gemological Science International (GSI) has launched a platform B2B GSI Stock Exchange, which offers both natural and lab-grown diamonds to aid jewellery manufacturers in sourcing goods. The platform offers not only loose diamonds but also specific products like matched pairs. Debbie Azar, President and Co-Founder of GSI. “At GSI, we are always looking for innovative […] The post GSI Launches B2B GSI Stock Exchange Platform appeared first on The Jewelry Magazine ..read more

Okavango, Botswana’s government-owned rough diamond marketing company, has joined the Natural Diamond Council (NDC). It is the first non-mining diamond company to be admitted as a member of NDC, the US-based not-for-profit organization that promotes natural diamonds. The Okavando Diamond Company (ODC) sells over 6m carats a year, all sourced from Debswana, a 50/50 joint […] The post Okavango Joins Natural Diamond Council appeared first on The Jewelry Magazine ..read more

DMCC reported that total rough and polished diamond trade in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound annual growth rate of 11%. Polished diamond trade was up 32% year-on-year to $16.9 billion, consolidating UAE’s status as the world’s leading diamond trade hub for rough and polished, DMCC said. […] The post Dubai Diamond Trade In 2023 Up 2% To $38.3 Billion: DMCC appeared first on The Jewelry Magazine ..read more

A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby’s New York sale of jewels from a mystery collector. The natural color, VS2 clarity stone (pictured) was among the highlights of From the Vault Exceptional Signed Jewels, on 7 March. The estimate was $800,000 to $1.2m. The sale realized a total of $8.4m, […] The post 41-ct Yellow Diamond Sells for $1m appeared first on The Jewelry Magazine ..read more

The US has sanctioned Zimbabwe’s President Emmerson Mnangagwa for human rights abuses, corruption and smuggling gold and diamonds. The Treasury’s Office of Foreign Assets Control (OFAC) designated Mnangagwa and 10 other individuals, including his wife, on 4 March. “The United States remains deeply concerned about democratic backsliding, human rights abuses, and government corruption in Zimbabwe,” […] The post Human Rights and Diamond Smuggling: US Sanctions Zimbabwe President appeared first on The Jewelry Magazine ..read more

A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby’s New York sale of jewels from a mystery collector. The natural color, VS2 clarity stone (pictured) was among the highlights of From the Vault Exceptional Signed Jewels, on 7 March. The estimate was $800,000 to $1.2m. A Van Cleef & Arpels gold and […] The post 41-ct Yellow Diamond Sells for $1m appeared first on The Jewelry Magazine ..read more

Firestone Diamonds is in the process of selling the largest diamond ever recovered from its Liqhobong mine, in Lesotho. The 215-carat stone is being put to a competitive bidding tender process, with viewings in Antwerp and Dubai. “This sale represents another milestone in our ongoing efforts to deliver value to stakeholders,” said Firestone in a […] The post 215-ct Diamond is Biggest in Liqhobong’s History appeared first on The Jewelry Magazine ..read more