Only 10% of Angola's rough diamonds being traded in Antwerp – AWDC

The Antwerp World Diamond Centre (AWDC) is making moves to attract Angola's diamonds to the world's largest diamond hub in Belgium.

Today

Sakura Diamond to take centre stage at Christie’s Hong Kong auction on 23 May

Christie's Hong Kong Magnificent Jewels auction will present The Sakura Diamond, a 15.81 carat fancy vivid purple-pink internally flawless diamond.

Today

David Bouffard and Peter Karakchiev re-elected to the RJC board of directors

The Responsible Jewellery Council (RJC), the world’s leading standard setting organisation for the entire jewellery and watch supply chain, announced new appointments to their board at their Annual General Meeting.

Today

Gem Diamonds recovers 370-carat white diamond from Letšeng

Gem Diamonds has unearthed a high quality 370 carat Type II, white diamond, from its 70%-owned Letšeng mine in Lesotho. This follows the company's recovery of another high quality 254 carat Type II white diamond from Letšeng last week.

Yesterday

Lulo diamonds achieves an average price of $1,239 per carat – Lucapa

Lucapa Diamond has sold a rough diamond parcel of 4,000 carats from its 40%-owned Lulo alluvial mine in Angola for $5 million. The diamonds, it said, achieved an average price of $1,239 per carat.

Yesterday

Brilliant Luxury Substitutes: The Case for Lab-Grown Diamonds Ain’t Flawless… but It’s Pretty Damn Good

28 april 2021
(jingdaily.com) - First things first, while consumers worldwide are not getting married as much or are getting married later, the traditional use of diamonds will be under pressure, as traditional bridal products come across as sexist and outdated to a younger generation. Mined diamonds have many advantages though, don’t get me wrong. First, given the tremendous cost deflation in lab-grown diamonds, you might want a diamond ring to hold some value over time. If you purchase a USD20k ring with a lab-grown diamond and the industry proves to be a race to the bottom in terms of prices, how will you feel about that same ring being worth half the price the following year? Second, flawless has no charm: your knowing that all-natural diamonds are one of a kind while fabricated diamonds are flawless is not great from a marketing point of view. Presumably, you would like your stone to be unique. There are however three big reasons lab-grown diamonds have had some traction.