Diamond

Rare blue diamond could fetch £24.7m at auction

Sotheby’s is set to auction the world’s largest oval fancy vivid blue diamond ever to go under the hammer. The De Beers ‘Millennium Jewel 4’ – set to be auctioned at Sotheby’s Magnificent Jewels and Jadeite Spring Sale on 5 April, 2016 – is expected to sell for between $30m…

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De Beers says rough diamond demand ‘is improving’

Demand for rough diamonds continues to improve for De Beers as it announces an increase in sales for its second sales cycle of 2016. According to its preliminary report for the second sales cycle of the year, the company sold $610m (£435m) worth of rough diamonds, taking into account global…

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Polished diamond prices remain firm in February

The price of polished diamonds continued to rise in February continuing the uptrend since November, according to new figures. The latest RapNet Diamond Index (RAPI) from the Rapaport Group said the market was supported by continued shortages, while trading slowed during the month as dealers in China and Hong Kong…

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London Diamond Bourse launches new IIDGR window service

The London Diamond Bourse (LDB) today launched a new window service which will enable members diamonds to be sent to the IIDGR Lab in Maidenhead for grading or screening. LDB chief operating officer Victoria McKay said: “Our partnership with IIDGR, part of the De Beers Group of Companies, continues to…

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Signet Jewelers announces strong fourth quarter

Signet Jewelers, one of the world’s largest  retailer of diamond jewellery, has reported a strong fourth quarter in its latest preliminary trading update. In the 13 weeks ending 30 January 2016, the company reported same store sales increased by 4.9% compared with the same period a year earlier with diluted…

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Angola’s largest diamond sold for £11.5m

Lucapa Diamond Company has sold the record-breaking 404.2-carat diamond, which it recovered earlier this month in Angola, for $16m (£11.5m). The selling price of $39,580 (£28,574) per carat is a record price for a white diamond recovered at the Lulo mine, with the company saying it is “further evidence of…

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Rapaport launches Investment Diamond Grading Report

The Rapaport Group has announced the launch of a new diamond grading report – the Rapaport Investment Diamond Report (IDR). The new report conservatively grades diamonds based on Gemological Institute of America (GIA) standards. It will also provide additional gemological information including tint, location and colour of inclusions as well…

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WFDB warns of synthetic diamonds fraudulently marked as natural

The World Federation of Diamond Bourses (WFDB) has announced it has been informed that a vendor on online wholesale trading platform, Alibaba, is offering fraudulent diamonds. WFDB said the vendor is offering CVD lab-grown synthetic diamonds inscribed with the numbers of genuine GIA-graded natural diamonds reports. The seller on Alibaba,…

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Massive 404-carat diamond discovered in Angola

Lucapa Diamond Company has announced the discovery of a massive 404.2-carat, which it claims is the 27th largest diamond ever discovered. The type IIa D-colour diamond, which was discovered at the firm’s Lulo Diamond Project in Angola’s Lunda Norte Province, is the biggest recorded diamond ever found in Angola –…

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Fraser Hart set to open Colchester store

Jewellery chain Fraser Hart has announced it is set to open a new store in Colchester’s Culver Square shopping centre. The new store is expected to open in April and Fraser Hart, which has 39 other stores across the UK, said it has already started the interview process for the…

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