Zim recovers seized diamonds

Diamonds seized during an tender at the Antwerp World Diamond Centre (AWDC) last year, have been recovered by Zimbabwe.

A South African company Amari secured a temporary freeze the proceeds from the tender claiming ownership by the Zimbabwe Mining Development Corporation.

In a notice yesterday, the ruling has now made it through the appeals process and has been implemented in full. AWDC said the final installment of 500 000 carats of seized diamonds worth a little under $29 million will be returned to Zimbabwe ending the dispute.

Tough rules for De Beers diamond customers

 

Biggest reforms in a decade from De Beers’s over concerns of the financial stability and transparency of their sightholders.
 
The world’s largest supplier by value is changing the deal, introducing tougher rules for companies wanting to join its coveted group of sightholders.

Read more: DCLA

Rare Orange diamond to showcase at Shapiro Auctioneers

Orange / yellow Orange one of the rarest colours found in natural diamond. 
 

In 2014 a spectacular orange fancy vivid pear shape diamond mined in South Africa, weighing 14.82 carats was auctioned for a record price of $2.39 million per carat or $35.54m for the diamond. Setting a new record price per carat for any fancy colour. 

The 1.03 ct Intense Fancy yellow Orange Round brilliant is made rarer because of the combination of the size, shape, colour and clarity. 

Shapiro’s Auctioneers will auction the diamond at the May 13 Jewellery sale.

Source: Fairfax Media Publications FR

Trillions of carats of diamonds from meteorite

A meteorite impact 35 million years ago in Siberian, is said to have brought enough industrial diamonds which could supply the globe for thousands of years. 
 

More at Source: DCLA

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HPHT-Grown Synthetic Diamonds Examined in GIA’s Hong Kong Laboratory

 
4.30 ct specimen on the left has D color and SI₁ clarity. On the right is a 5.11 ct sample with K color and I₁ clarity

Red more: GIA