It is an oft-noted fact that some of the world’s most expensive diamonds have been mined in some of the world’s poorest countries. When these diamonds sell for millions of dollars on the international market a very valid question would be “Has the local community benefitted from the recovery of this diamond?” and if not, [...]
Australian jeweller Linney’s has unveiled the most valuable jewellery display ever on the continent. Currently on display in Perth, the collection features a selection of red, pink and violet diamonds recovered from Australia’s famous Argyle diamond mine. Argyle is the world’s leading supplier of pink diamonds and, with the mine scheduled to close in 2021, [...]
Russian mining company Alrosa, the world’s largest diamond producer of diamonds by carat, has announced the discovery of a 27.85ct pink diamond. Typically, natural pink diamonds are mined mostly in Australia with some significant discoveries in Africa. Previously the largest pink diamond found in Russia was less than 4cts in weight. This large gem quality [...]
Blue continues to be the hottest colour on the diamond auction block and of the Top 10 diamonds auctioned in 2016, four of them were blue. This September, another 2 blue diamonds will go under the hammer at two different auctions, along with a number of other fine jewels and gems. On the 20th September, [...]
When is a big diamond too big to sell? The diamond industry is a funny one. For the most part, bigger diamonds are always better (in consumers eyes at least) and the stock price of mining companies generally increases upon the discovery of a new, large diamond. It seems however, that there is an upper [...]
The £10 diamond that was worth a fortune It’s every bargain hunter’s dream. The piece of costume jewellery that you pick up at a car boot sale or an antique store turns out to be the real thing. That’s exactly what happened to a lucky British lady last month. The “Tenner” diamond, as it became [...]
Apollo and Artemis, the most expensive diamond earrings in the world Significant jewellery auctions are reasonably common, with industry stalwarts such as Sotheby’s and Christie’s holding several remarkable auctions each year. Over the past few years coloured diamonds, particularly blue and pink diamonds, have performed exceptionally well. These stones almost always exceed pre-sale expectations and [...]
As we previously reported, the Pink Star diamond was, for a moment in 2013, the most expensive diamond in the world. Now, following last night’s Sotheby’s auction, it regains its crown in 2017, hopefully for a longer period this time around. After 5 minutes of bidding, Chinese jewellery retailer Chow Tai Fook won the auction [...]
Back in November 2013, the auction world was abuzz when a 59.6ct pink diamond, The Pink Star, sold for a record $83 million. At the time, the Sotheby’s Geneva auction broke a number of records, but the buyer, New York diamond cutter Isaac Wolf, defaulted on the payment and the sale fell through. Now, 3 [...]
It’s every informal diamond digger’s dream – to find a giant diamond; the rock that will banish their family’s poverty and set their family free. For Pastor Emmanuel Momoh, this dream has just come true. Last week, Momoh, an independent miner in Sierra Leone’s Kono district, uncovered a 709.48ct diamond, believed to be the 13th [...]