latest industry news

Monday 25th July 2011

Pink Diamond Found in Firestone Diamonds' Lesotho Mine

Firestone Diamonds, which has operations in Lesotho and Botswana, said it has recovered high-quality diamonds from its K5 unit at the Liqhobong mine in Lesotho, including the first pink stone to be unearthed at the mine. The diamonds included a 33-carat and an eight-carat white diamond. ...
Monday 25th July 2011

Rio Tinto announces launch of Argyle Pink Diamonds Tender 2011

Rio Tinto has announced the launch of its Argyle Pink Diamonds Tender 2011 of exceptional stones from the Argyle diamond mine in Western Australia. The collection showcases 55 pink diamonds, weighing 47.61 carats in total, and will be displayed around the world from August through to ...
Thursday 14th July 2011

Tickled pink and feeling blue: the colour of money

For every 100,000 carats of white diamonds, it is estimated there is just one carat of coloured stones. It is that extraordinary scarcity that makes them so valued and in demand and has led to soaring prices.With 80 percent of global diamond production passing through Antwerp, there is one ...
Thursday 14th July 2011

Diamonds shortage boosting diamond prices, says De Beers' Lussier

Following a 35-40 percent increase in diamond prices this year, they are higher than before the peak levels seen before the global financial crisis, according to a senior De Beers executive. Diamond prices have been boosted by an increasing shortage and an emerging role as an investment...
Thursday 7th July 2011

British auctioneer to sell ring set with rare blue diamond at London sale

An unusual ring created by Italian jewellery firm Bulgari featuring a rare blue diamond, as well as a white gem, is likely to be one of the highlights of a Fine Jewellery Sale at British auction house Bonhams in September. The ring, which will be put on the block on September 21 has a pre-...
Thursday 7th July 2011

Women's basketball champions present diamond ring to President Obama

U.S. President Barack Obama received a 2010 championship diamond ring from women's basketball champions Seattle Storm at the White House on Wednesday. Obama told the team members, who each received one of the rings, that they set a good example for young girls with big dreams. The Seattle ...
Thursday 7th July 2011

Tiffany & Co leveraging brand strength to raise jewellery prices, says analyst

Upscale jewellery retailer Tiffany & Co has been able to leverage the strength of its brand to enable it to raise prices this year, according to analyst Edward Yruma of KeyBanc Capital Markets. Yruma wrote in a note to clients that Tiffany has been able to increase prices, particularly...
Thursday 7th July 2011

Christie's announces dates for world tour of Elizabeth Taylor collection

Auctioneer Christie's has announced the official dates for a series of public exhibitions and special events leading up to the sale of the collection of screen legend Elizabeth Taylor. Christie's said it will staging a three-month tour featuring highlights from her expansive collection ...
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