Archive

  • In a recent meeting concerning the 2018 budget, Russian diamond mining giant ALROSA said diamond production is planned at 36.6 million carats in 2018, representing an approximately 7% decline from the 39.3 million carats it is likely to produce this year.

  • A "superb twin-stone colored diamond ring by Graff" soared past its $6,500,000 - $8,500,000 estimate to earn $12,575,000 at hammer time yesterday during Christie’s Magnificent Jewels sale. The remarkable sale comes just a day after another blue diamond fetched $15.1 million at Sotheby's New York auction.

  • A 5.69-carat fancy vivid blue diamond fetched $15.1 million at Sotheby’s New York yesterday, making it the top lot of the day and confirming once again that purchasers are willing to pay top dollar for blue diamonds that carry the ultra-rare “fancy vivid” classification. The hammer price, which is equivalent to $2.66 million per carat, came in slightly above the pre-sale high estimate of $15 million. The emerald-cut gem, which is set in a platinum ring and flanked by two baguette-shaped diamonds, has a VVS1 clarity grade.

  • The 709-carat "Peace Diamond", considered the 14th-largest rough diamond in history and recovered by artisanal miners in Sierra Leone’s Kono district in March, sold at Rapaport's auction in New York for $6.5 million, approximately $1.2M less than was originally offered for the stone. This despite - or perhaps because of - its tour through the major diamond trading centers. Renowned jeweler Laurence Graff was the buyer. Martin Rapaport, surrounded by Sierra Leonean officials at their press conference in New York, apologized that his efforts did not yield what they had hoped.

  • ALROSA's first auction for the sale of The Dynasty collection concluded with an average premium of 30% on the reserve prices for four of the five diamonds, with the maximum excess over reserve at 52% the company writes; but they withdrew the 51.38-carat signature stone from the sale. More than 130 companies and private clients registered to participate in the bidding. In accordance with the company’s strategy, the goal of the first auction was to evaluate the upper bound of the price range that might be offered to the market.

  • An incredibly rare 14.93-carat Fancy Vivid VVS1 pink diamond, which Rahul Kadakia, International Head of Jewellery at Christie’s, described as the "Picasso of the Pink Diamond world," sold for $31,861,000 (HKD 250 million), or approximately $2.13 million per carat, at Christie’s Magnificent Jewels Hong Kong auction on November 28. The diamond, referred to as The Pink Promise Diamond, is an oval-shaped fancy vivid pink Type IIa diamond, weighing approximately 14.93 carats, set within a circular-cut diamond surround, gallery and hoop. Its Fancy Vivid Pink color (as opposed to Fancy Intense Pink) is a designation given by the GIA and represents the most prized color grading in a pink diamond. 

     
  • On November 29, ALROSA is holding a silent auction for the sale of the unique polished diamond collection, The Dynasty. The Dynasty collection consists of five diamonds and was produced from a 179-carat unique rough diamond named The Romanovs, which was mined from Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015. The main 51.38-ct diamond is a 57-facet traditional round brilliant-cut diamond, Triple Excellent (the best quality cut), D, VVS1. Such characteristics occur in less than 1% of diamonds worldwide.

  • DDA Trading Bvba has announced its fourth sale of Namibian Marine rough diamonds. DDA will be offering approximately 22,000 carats of full run-of-mine, original marine goods of gem quality. Viewings will take place by appointment in Antwerp at DDA Trading’s office in the Antwerp Diamond Bank from November 28 to December 6 with the sale closing on Wednesday 6. 

    Check out the entire December schedule of rough diamond tenders in Antwerp here.

  • The largest-ever D-flawless diamond to be put up for auction, mounted in a diamond and emerald necklace, sold for $33.7 million Tuesday night, including buyer’s fees. The white “Creation 1” diamond from Swiss jeweler de Grisogono weighs 163 carats. The hammer went down at 29.5 million Swiss francs ($29.7 million), excluding the buyer’s premium — around the midpoint of the pre-sale estimates before the auction at Christie’s in Geneva. The buyer was not immediately identified.

  • ALROSA held an international auction for the sale of special size rough diamonds (+10.8 carats) in the Eurasian Diamond Centre in Vladivostok from October 16 to 27. The company sold 66 stones with the total weight of 1,084 carats, out of a previously-announced 72 gem-quality lots with the total weight of 1,170 carats. The total sales revenue amounted to $9 million.

  • A legendary 19.07 carat pink diamond of historic Royal French provenance will be offered for sale at Christie’s Magnificent Jewels auction in Geneva on 14 November 2017, the auction house reports in a press release. The magnificent stone has been in the collection of four kings, four queens, two emperors and two empresses, starting with the Sun King, Louis XIV. It is one of France’s most storied gems, with three centuries of royal provenance.

  • The Government of Sierra Leone has appointed the Rapaport Group as the marketing and sales agent of the "Peace Diamond". The 709-carat diamond, discovered by a local pastor and diamond digger in the village of Koryardu, is the third-largest diamond ever found in Sierra Leone and the 13th-largest ever to be unearthed. The Peace Diamond is special because it is a development diamond, Rapaport said in a statement. Over 50% of its sale value will directly benefit the community where the diamond was discovered and the people of Sierra Leone.

  • Pallinghurst has announced the results of an auction of higher quality rough emeralds held by Gemfields plc (“Gemfields”, which is 100% owned by Pallinghurst) - its first emerald auction since Pallinghurst took over the company - held in Lusaka, Zambia, from 2 – 5 October 2017.

  • ALROSA will hold an international auction for the sale of special size rough diamonds of 10.8+ carats in the Eurasian Diamond Centre in Vladivostok from October 16 to 27, the company announced in a press release. The Company is putting for sale 72 gem-quality lots with the total weight of 1,170 carats; the largest one weighs 47.55 carats. All the stones to be auctioned were mined from the deposits of PJSC ALROSA, and its subsidiaries – JSC Almazy Anabara and PJSC ALROSA-Nyurba. A total of 67 companies from Belgium, India, Israel, China and the USA have applied for the auction.

  • Sotheby’s will be presenting ‘The Raj Pink’, claimed to be the world’s largest known Fancy Intense Pink diamond, weighing 37.30 carats, at its auction of Magnificent Jewels and Noble Jewels in Geneva, on 15 November 2017. Its estimate is $20 million - $30 million. “The discovery of any pink diamond is exceptional, but the Raj Pink’s remarkable size and intensity of colour places it in the rarefied company of the most important pink diamonds known,” says David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division.

  • A "Very Rare and Impressive Ruby and Diamond Ring", designed by Bhagat, stole the show at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale last week, selling for $10.5 million (HKD 81.7 million), or $788,296 per carat, while a rare blue diamond ring estimated at $7 to $9.6 million failed to achieve its reserve price. The ruby and diamond ring is set with an oval ruby weighing 13.26 carats, embellished with two rose-cut diamonds on the side and diamond-set prongs; the diamonds weighing approximately 10.50 carats in total, mounted in platinum. 

  • A massive emerald-cut diamond fashioned from Lucapa Diamond's 404 carat rough stone - the largest rough diamond ever recovered in Angola - will go under the hammer on November 14 at Christie’s in Geneva. "Set into an asymmetric necklace designed by de GRISOGONO, this 163.41 carat, flawless D-colour emerald-cut diamond is the largest ever to come to auction", reads the press release from the auction house. In February 2016, Lucapa Diamond Company announced the discovery of the biggest recorded diamond in Angola, confirmed as a Type IIa D-color gem-quality stone.

  • A Fancy Intense Blue diamond which has been held in a private collection for nearly 30 years sold for $3.6 million (£2,685,000), smashing its $2 million high estimate, at Bonhams Fine Jewellery sale in London on September 20. The 4.03-carat pear-shaped diamond, "became the subject of a fierce bidding frenzy before it finally went under the hammer, selling to Graff Diamonds for $853,203 price per carat," the auction house writes. 

  • Alrosa today announced the results of its rough specials and polished diamond auctions, held at the Eastern Economic Forum. The rough specials of 10.8+ carats, 1,293cts total achieved a total sales price of USD14.8 million, while 33 of the 36 polished stones, 2 to 12 carats were sold for a total sales value of USD 1.7 million. According to Alrosa VP Okoyomov the auctions were attended by some 50 companies from the US, India, Israel, Belgium and the UAE.

  • DIAMONDS ALROSA will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair in September, the company announced in a press release. The first auction will take place on September 13-17, introducing large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green, orange and purple colors. The second auction will be held on September 19-22. Diamonds of small and medium sizes as well as brown diamonds will be introduced there. “We’ve chosen this assortment in accordance with demand on the Asian market.

  • Magnificent diamonds, Kashmir sapphires, Colombian emeralds and signed jewelry all feature in Bonhams New York Fine Jewelry sale this September with 180 lots set to go under the hammer. "A Superb Diamond Ring" will be leading the sale. The 16.90 carats step-cut diamond is set with round brilliant-cut diamond shoulders and is estimated at $1,600,000-2,200,000. The diamond is certified as D color, Internally Flawless and classified as Type IIa, meaning that it has been recognized as the most chemically pure and with exceptional optical transparency.

  • Estimated at £1,200,000 - 1,500,000 ($1.5 - 1.9 million), a Fancy Intense Blue diamond will headline Bonhams London Fine Jewelry sale on September 20. The auction house states that the pear-shape diamond, weighing 4.03 carats, has been in a UK private collection for over 30 years. According to the GIA, only one in 10,000 diamonds has a fancy color, which makes such stones rare and highly sought after.

  • In July 2017, ALROSA Group sold US$293.5 million worth of rough and polished diamonds. Rough diamond sales by value amounted to US$286.1 million, its lowest sales month for the year, while polished diamond sales achieved US$7.4 million. For the year thus far January-July 2017, ALROSA’s rough and polished diamond sales amounted to US$2.79 billion. The Russian miner has sold US$2.728 billion in rough diamonds on the year, while earning US$62.3 million from polished diamonds. “In July, there was a seasonal drop in demand on the market in the run up to August holidays.

  • De Beers Group announced in a press release today that its Auction Sales business will run further polished diamond auctios in August, following the success of the initial events in late June. The events marked a new departure for De Beers, auctioned polished stones from their own rough diamonds, as well as auctioning off third-party diamonds. They say that customer response to the initial auction events in June was positive, with the auction featuring diamonds polished directly from De Beers-mined rough diamonds representing the majority of lots successfully sold.

  • Jeweller Harry Winston purchased the "Rockefeller Emerald", a flawless 18.04-carat Colombian emerald, for more than $5.5 million at Christie’s New York Magnificent Jewels auction.

  • Rapaport News has obtained a letter from De Beers to its clients informing them that they will close its auction-sales office in Dubai due to declining demand from local companies. According to the letter, De Beers will terminate its Dubai rough auctions on July 31, meaning De Beers will no longer display rough diamonds there from the year’s sixth sales cycle onward.

  • Dominion Diamond Corporation has announced an auction of fancy rough diamonds in cooperation with I. Hennig Tenders. The auction viewings will take place in Israel, New York, and Antwerp. The auction will commence with viewings in Israel from June 18-21, 2017; New York from June 26-28, 2017; and will conclude in Antwerp from July 3-7, 2017. Participation in the viewings and the auction is by appointment only.

  • De Beers today announced that on June 29 it will continue to broaden its portfolio of services by holding its first auction featuring third party exceptional diamonds via the De Beers Auction Sales platform; this is the same day as the first auctions of De Beers Group’s own polished diamonds, manufactured directly from its own rough. The separate auctions will be held back-to-back, allowing buyers to source all polished on one day.  De Beers Auction Sales will grant access to its expertise, technology and distribution network to undertake sourcing and sales of polished stones.

  • A ring that was originally purchased in the 1980s from a car boot sale for £10 ($13) under the assumption that it was a decorative costume jewel, today went under the hammer at Sotheby's Fine Jewels auction in London for $700,000 (£540,000), hammer price. It was only in the past few months that the owner decided to see if the ring had any value and asked Sotheby's to appraise it.

  • Christie's Hong Kong yesterday auctioned off the famous 'Jonker No. 5' diamond for $5.3 million, soundly beating the pre-sale estimate of $2.2 million to $3.6 million. The 'Jonker No. 5' is part of a legendary collection of 13 stones fashioned from one of the most famous diamonds in history: the 726-carat piece of rough discovered by Jacob Jonker in South Africa in 1934, which at the time was said to be the fourth largest gem-quality diamond ever recovered. The Type IIa stone is D color, VVS2 clarity, rectangular-cut and weighs 25.27 cts. 

  • Diamond miner De Beers Thursday announced it will start a pilot project in June, selling polished diamonds, manufactured directly from the company’s rough by third parties to registered De Beers Auction buyers. The polished goods will be accompanied by grading reports from both De Beers’ own International Institute of Diamond Grading & Research (IIDGR) and the Gemological Institute of America (GIA).

  • 'Apollo and Artemis', the most expensive pair of earrings in the world, were auctioned by Sotheby’s Geneva spring sale of Magnificent Jewels for a record-breaking price of $57.4 million.

  • Sierra Leone's government announced yesterday (May 11) that it would seek higher offers in Antwerp for a massive 709-carat diamond after receiving underwhelming offers at auction in Freetown. British citizen Ziad al-Ahmadi, based in Antwerp and reportedly working for Raydiam BVBA, placed the $7.7 million bid which failed to match the government's unspecified reserve price, and turned out to be far lower than the $50 million the Sierra Leone government had originally hoped for, prompting the decision to try again in Belgium.

  • On April 21, Guangzhou Diamond Exchange (GZDE) held his first rough diamond sales, the GZDE communicates in a press release. "This is the first rough diamond exhibition and open sales in mainland China." They were able to hold the sale as a result of permission granted by AQSIQ, the ministry in charge of Kimberley Process Certification Scheme in China, as well as customs and other relative authorities, they said. GZDE implemented three selling modes for the rough diamonds: allocation, negotiation and online auction. The sales period lasted two and a half days.

  • "A Magnificent Diamond Ring" from Van Cleef & Arpels was the top earner at Christie’s New York Magnificent Jewels sale at Rockefeller Center on Wednesday. The ring realised a price of $2,587,500, within its pre-sale estimated range of $2.2 - 2.7 million. The D-color, internally flawless, Type IIa diamond is set with a rectangular-cut center diamond, weighing approximately 22.03 carats, flanked on either side by a triangle-shaped diamond. Total sales at the auction were $35.2 million.

  • Sotheby’s spring sale of Magnificent Jewels and Noble Jewels at Mandarin Oriental, Geneva will be led by the ‘Apollo and Artemis Diamonds’.

  • Coming shortly after their annoucement of developing Vladivostok as a diamond center, Russia's diamond mining giant ALROSA has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre in Primorye (the Russian Far East), the company writes in a press release. 22 companies from China, South Korea, India, Europe, Russia and other countries participated in the auction.

  • The Pink Star diamond has become the world's most expensive gemstone, selling at auction today for $71.2 million (£57.3 million) including buyer's premium, writes Sarah Royce-Greensill for The Telegraph. The 59.60-carat pink diamond is the largest Internally Flawless, Fancy Vivid pink diamond ever graded by the GIA, and sold for above its estimate of $60 million (£48.3 million) at Sotheby's in Hong Kong.

  • Christie’s upcoming auction of Magnificent Jewels will take place on May 17 at the Four Seasons Hotel des Bergues. Consisting of approximately 250 exceptional jewels, it will include a thematic section comprising 30 exceptional pieces from Italian makers, important gem stones, coloured diamonds and signed jewels.

  • This spectacular 59.60 carat, fancy vivid pink, internally flawless oval cut gem – the largest internally flawless or flawless, fancy vivid pink diamond that the Gemological Institute of America (GIA) has ever graded - will hit the auction block at the Magnificent Jewels and Jadeite sale at Sotheby’s Hong Kong on April 4, where it is estimated to sell for more than $60 million. The diamond came from a 132.5-carat piece of rough mined by De Beers in Africa in 1999 before being cut and polished by Steinmetz Diamonds over a period of nearly two years.