- NEWS OF THE DAY
- FEATURED BOURSE
- President's Message
Another Big Diamond Find For Lucara With 127-Carat Discovery
Lucara Diamond Corp. has found a 127-carat, top white gem diamond at its Karowe diamond mine located in Botswana.
Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which five were recovered in 2018. In addition, Lucara has sold 180 diamonds in excess of $1 million each and 10 diamonds have been sold for in excess of $10 million each.
Motivated Board Keeps Diamond Club West Coast Punching Above Its Weight
One of the WFDB's most active diamond bourses, particularly in light of the number of its members, is the Diamond Club West Coast Inc in Los Angeles.
Club President Moshe Salem, Co-Vice-President Mervyn Hahn, and board members are rightly proud of the wide range of activities the Club holds on a regular basis, along with a dynamic weekly newsletter.
Open letter regarding over grading certification
The diamond industry is facing a serious challenge to its integrity which could lead to major consumer confidence problems, if diamonds are sold with overstated certification. I want to stress that this is an industry problem that must be resolved by the industry in order to retain consumer confidence in our product and sustain and develop the international diamond trade.
Recently, awareness was raised regarding problems existing within a specific laboratory group and the overstating of grading from certain laboratories in this group, which has led to the exclusion of said laboratories certificates by the Rapaport Group.