Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Diamond Fetches $9.5 million in Swiss Auction

13 may 2009

A blue diamond from the Cullinan mine in South Africa sold for $9.5 million including fees at auction in Geneva yesterday, Bloomberg reported.
The 7.03-carat stone was included in Sotheby’s sale of jewels and had been estimated by the auction house to fetch up to 10 million Swiss francs. The internally flawless diamond was cut from a 26.58 carat rough stone discovered at Cullinan in 2008. Of modified rectangular shape, it is available to be named by its buyer, who was bidding on the telephone, said Sotheby’s.
Sotheby’s said the diamond set a per-carat record of $1.35 million. Diamonds, jewels and cars have been outperforming other areas of the auction market as art collectors hesitate about purchases as prices decline in the economic slowdown.
The mine near Pretoria was also the source of the world’s largest rough diamond ever found. The 3,106-carat “Cullinan” was discovered in 1905 and is where the two largest stones in the U.K. monarchy’s crown jewels originated.
The record price for any jewel sold at auction was set in December in London at Christie’s International by a blue diamond formerly owned by King Philip IV of Spain. The 35.56-carat grayish-blue “Wittelsbach Diamond” sold for 16.4 million pounds ($23.9 million) to the London-based jewelry company Graff Diamonds.
The 35.56-carat grayish-blue gem, mined in India and owned by the same private collector since 1964, had been expected to fetch 9 million pounds. The hammer price was 14.6 million pounds before fees.