'Pink Promise' Sets Record at Christie's Magnificent Jewels Hong Kong Sale

The 'Pink Promise' set a world record per carat price for a pink diamond weighing more than 10 carats as it grabbed most of the attention at Christie's Magnificent Jewels Hong Kong auction on November 27.

The 14.93-carat Fancy Vivid pink diamond was acquired for $31,861,000.

Ahmed Bin Sulayem to Take Over as Chairman Of Dubai Diamond Exchange, DMCC Says

Executive Chairman of the Dubai Multi Commodities Centre (DMCC), Ahmed Bin Sulayem, a well-known figure in the global diamond trade, is to take over as Chairman of the Dubai Diamond Exchange (DDE) after Peter Meeus steps down on January 31, the DMCC confirmed.

Peter Meeus will become Honorary Chairman.

GIA: Synthetic Stone Fraudulently Inscribed To Match Natural Diamond Report

Improvements in diamond growth technology and methods have led to a noticeable increase in colorless synthetic gem diamonds in recent years, reported the GIA.

Concerns in the diamond industry focus on laboratory-grown diamonds not being properly disclosed or even being sold as natural stones. Through careful examination and analysis, gemological laboratories can separate natural from synthetic diamonds. Occasionally, however, fraud is involved in attempting to conceal a gem’s identity. The Carlsbad laboratory witnessed such an attempt.

De Beers Global Sightholder Sales Announces 2018 Sales Dates

De Beers Global Sightholder Sales has announced the dates of its sales in 2018.

New 'Real is Rare' Movies and Print Ads Launched by DPA

The Diamond Producers Association (DPA) launched new “Real is Rare” advertising at the 18th Annual Latin Grammy Awards.

“The Reveal” is one of two new videos presenting a modern take on love and diamonds. Meanwhile, “The Other Party” debuted on ABC’s broadcast of the 2017 American Music Awards on November 19.

World’s Most Expensive Rough Diamond to be Laser Cut in Israel

The 813-carat Constellation Diamond has been brought to Israel to be laser cut, in the first stage of its processing.

The diamond was discovered in Botswana’s Karowe Mine by Canadian producer Lucara in 2015.

Largest Diamond Mining Vessel in the World on the way to Namibia

The world’s largest custom-built diamond mining vessel has been ordered by Debmarine Namibia, a 50/50 joint venture between Namibia and De Beers.

Expected to cost in the region of $142 million (N$2 billion), the ship is to commence operations in 2021.

Hurricanes Hit Signet Jewelers Same Store Sales

Signet Jewelers' same store sales dropped 5.0 percent in the 13 weeks ended October 28.

That includes an estimated 120 basis point negative impact due to weather-related incidents and systems and process disruptions associated with outsourcing of the credit portfolio.