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Fura Gems tempting India with rubies from Mozambique and emeralds from Colombia

A qualified Chartered Account, Dev Shetty heads Fura Gems Inc as President and CEO, who has recently developed world’s largest emerald mine in Zambia and world’s largest ruby mine in Mozambique. Dev started his career in India but moved to the UK in...

15 january 2018

The Exchange plays a significant role in the global jewellery industry - Li Zhiwei, General Manager, GDGJE

Li Zhiwei, has been engaged in the Gems and Jewellery development management in China’s government department for the past 30 years. He served as Vice Chairman of Gems and Jewelry Association of China for more than 10 years and has effectively pushed...

09 january 2018

Yoram Dvash Hits The Ground Running As Second Term Begins

Having completed his first term in office as President of the Israel Diamond Exchange (IDE), Yoram Dvash sat down with Rough & Polished to discuss his achievements during his first period in office, and plans for the second term following his...

04 january 2018

Eurasian Diamond Center should bring profit and open new prospects and opportunities for all its players

The ALROSA affiliate in Vladivostok established in 2016 was headed by Alexey Ivanov about half a year ago. He was charged with the responsibility for developing business on the company's Far Eastern platform and attracting new customers to the Eurasian...

25 december 2017

NDTC to supply rough worth about $400 m this year

The Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, said it expects to supply rough diamonds worth $390 million this year. The diamond trader, which has 11 sightholders, had a fixed supply...

18 december 2017

Fancy yellow diamonds beat estimate price at Bonhams auction

11 december 2017
Two separate lots of fancy vivid yellow diamonds that belonged to the Cullinan family were sold at a Bonhams auction for well above their expected price.
A brooch set with three step-cut, fancy vivid yellow diamonds respectively weighing 5.29, 3.11 and 2.37 carats fetched $606,029 as compared to the pre-sale estimate of $268,000 to $402,000.
The second lot, a pair of round, fancy vivid yellow diamonds weighing 2.08 and 1.93 carats, respectively, sold for $167,319. Their initial estimate was $67,000 to $107,000.
The diamonds first surfaced in 1940, when R.V. Cullinan — son of the renowned diamond magnate Sir Thomas Cullinan — asked De Beers director Pierre De Villiers to buy him some diamonds on his next visit to Kimberley, Bonhams explained. On the train ride back from the mine, De Villiers showed what he had sourced to Sir Thomas Oppenheimer, the founder of Anglo American, who replied that he had something better. Oppenheimer revealed a set of yellow diamonds, which De Villiers purchased, keeping half and giving the others to Cullinan. The total price for the collection at Bonhams sale amounted to $773,350.
“The fancy vivid yellow diamonds in this collection are exceptionally well-matched in color and boast an enviable provenance,” said Jean Ghika, Bonhams' director of jewelry for the UK and Europe.

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