Ocean Dream Sells for a Record $17.3m
May 17, 26
The Ocean Dream, a 5.50-carat fancy vivid blue-green diamond, sold for a record $17.3 million at Christie's Geneva. It was a record price for a stone of its color and intensity - way above $9 million to $13 million pre-sale estimate and double the $8.65 million... Read More...
Chaos and Tear Gas as Swatch Launches AP Watch
May 17, 26The launch of Swatch's latest watch collection - a collaboration with Audemars Piguet (AP), triggered scuffles, arrests, and temporary store closures as shoppers fought to get their hands on the $400 timepieces. Outside a Swatch store near Paris, police... Read More...
Sporting First: Relay Athletes Win Diamond Medals
May 14, 26Medals awarded to the 120 winners at the World Athletics Relays in Botswana were all embedded with a locally-sourced diamond. It was the first time in the event's history that traditional gold, silver, and bronze medals were set with a diamond. The gems... Read More...
11,000-ct Ruby Recovered in War-Torn Myanmar
May 14, 26A huge 11,000-carat rough ruby has been recovered in Mogok, Myanmar, according to state media. It's roughly half the size of the 21,450-carat rough gem found in ruby-rich Mogok in 1996 - often described as the largest discovered in the country - but is said to... Read More...
Price Surge for Investment-Grade Diamonds
May 14, 26The investment-grade colorless diamonds that increased most in value over the last three months were 5-carat, H-color, VS1-clarity. Average per-carat price for such stones rose by 8.4%, from $20,600 to $22,400, according to global data collated by Alrosa... Read More...
Memo by John Jeffay
May 14All is not well in the world of diamond mining. Owners of Ekati, in Canada's Northwest Territories filed for insolvency protection last week, just months after agreeing almost $130 million in federal loans. In South Africa, the troubled Ekapa mine is up.... Read More...