News
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Apr- 2016 -6 April
Rare blue diamond sells for £22.5m
The world’s largest oval fancy vivid blue diamond to ever go under the hammer has been sold for $31.8m (£22.5m). The De Beers ‘Millennium Jewel 4’ was auctioned at the Sotheby’s Magnificent Jewels and Jadeite Spring Sale on 5 April, selling for the highest price ever paid for a jewel…
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6 April
Non-food shop prices continue to fall in March
Non-food prices in the UK continued to fall in march, as overall shop prices reported deflation of 1.7% during the month from the 2% decline in February. The latest British Retail Consortium (BRC) and Nielsen Shop Price Index, found that non-food deflation rose to 2.6% in March from the 3%…
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5 April
Polished diamond prices remain stable in March
Prices of polished diamonds remained stable in March, according to the latest RapNet Diamond Index (RAPI) from the Rapaport Group. The company said prices were supported by steady dealer trading even though the outlook for consumer demand remains uncertain. It added, in the first quarter, sentiment improved as polished prices…
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4 April
Bonhams to auction jewels owned by an Indian royal family
A collection of jewels owned by an Indian royal family is set to go under the hammer, with the top piece set to sell for up to £70,000. The collection, which will be auctioned by Bonhams at its Indian and Islamic sale in Bond Street on 19 April, is owned…
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4 April
NAJ presents honorary membership to Retail Jewellers of Ireland
The National Association of Jewellers (NAJ) has presented an honorary membership to the Retail Jewellers of Ireland (RJI). The membership was presented to the association in recognition of the “close relationship” between the British and Irish jewellery industries. The NAJ said it had “enjoyed a very cooperative working relationship especially…
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1 April
Bizarre ‘talking diamond’ alarms miners
A rough diamond with bizarre auditory qualities has been uncovered in a mine in Botswana. The 4.23-carat gemstone, which was found by miners working in Jwaneng diamond mine last night, reportedly began issuing a ‘gargling’ sound shortly after it was dusted off. It is thought the type IIa D-colour stone…
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Mar- 2016 -31 March
GIA predicts more synthetic diamonds to be introduced to the industry
Research published by the Gemological Institute of America (GIA) has predicted a “significant” rise in the number of high-pressure, high-temperature (HPHT) synthetic diamonds to enter the market. The announcement follows a visit in early March 2016, where researchers visited a diamond factory in China and obtained 50 crystals ranging from…
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31 March
RJC to consider adding coloured stones to remit
The Responsible Jewellery Council (RJC) has announced it is considering adding coloured gemstones to its purview. The body announced at Baswelworld that it has embarked on “a major new area of work on coloured gemstones and their potential inclusion into RJC’s material scope” which currently includes diamonds, gold and platinum…
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31 March
Largest ever fancy vivid blue diamond could fetch £31.4m
Christie’s has announced the ‘Oppenheimer Blue’ is to go under the hammer, the largest fancy vivid blue diamond ever offered at auction. Weighing 14.62 carats, the stone will lead Christie’s auction of ‘Magnificent Jewels’ held at held at the Four Seasons Hotel des Bergues in Geneva, on 18 May. The…
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30 March
Diamond firm ordered into liquidation after £1.2m scam
A london diamond broker targeting “vulnerable” investors and mis-selling them fancy coloured diamonds has been ordered into liquidation by the High Court. The company, which the High Court said was mis-selling investors fancy coloured diamonds at inflated prices, was ordered into liquidation following a petition presented by the Secretary of…
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