Lukfook’s income increases on improved market sentiment

Hong Kong jeweller Lukfook Holdings (International) Ltd reported a 27.9 percent increase in net profit for the six months ended September 30, on the back of positive market sentiment and lower gold prices.

Today

A 24.31 carat diamond ring sold for £1,86 mn at Bonhams December sale

A magnificent step-cut diamond, weighing 24.31 carats, D colour, Internally Flawless and Type IIa, sold for £1,868,750 (US$2,387,105) ($98,194 per carat) at Bonhams London December Jewellery sale.

Today

Consumer interest in lab-grown diamonds grows – report

The synthetic dimond industry, which currently accounts for the production of 2 mn carats of gem-quality lab-grown diamonds, might substitute the sector of small natural diamonds as consumer interest in synthetics keeps growing, according to Bain & Company...

Yesterday

Lucapa’s Lulo diamonds set for inaugural international tender

Lucapa Diamond said diamonds from the Lulo mine in Angola, which it owns in partnership with Endiama and Rosas & Petalas, will feature in an historic inaugural international tender under the country’s new diamond marketing laws approved by president...

Yesterday

Petra Diamonds disposes of stake in Helam Mining

Petra Diamonds has sold its stake in Helam Mining to Lindleys Mining for a nominal consideration of R200 ($14.20) with immediate effect to support the South African government’s intention to prolong the lives of mines facing closure.

Yesterday

Will green diamonds become a China investor’s best friend?

05 december 2018
(The South China Morning Post) - Green diamonds – exceedingly rare, and, at least for now, cheaper than other coloured diamonds – are beginning to catch on with Asian collectors and investors. Since 2014, only 13 lots of green diamonds have made their way into Bonhams auctions – eight of which sold in Hong Kong. Diamonds in the “fancy colour” family are priced according to the vividness and purity of their colour. A pure green diamond can sell for upwards of US$1 million per carat at auction. Or even more.