Gem Diamonds recovered a high quality 13.33 carat, pink colour Type I diamond from the Letšeng mine in Lesotho on 7 February 2019.
The prices for diamonds of this color of diamond are typically exceptional.
In the first half of 2018, when Gem recovered 10 rough stones larger than 100 carats at its Letšeng mine, the highest price achieved was $62,433 per carat for a 2.26-carat pink diamond.
Gem Diamonds recovered a high quality 13.33 carat, pink colour Type
I diamond from the Letšeng mine in Lesotho on 7 February 2019.
The prices for diamonds of this color of diamond are typically exceptional.
In the first half of 2018, when Gem recovered 10 rough stones larger
than 100 carats at its Letšeng mine, the highest price achieved was
$62,433 per carat for a 2.26-carat pink diamond.
Russia’s Alrosa the world’s top diamond producer by output in carats, has put together a collection of recently found large coloured diamonds, which includes a pink oval gem weighing 14.83 carats the largest of its kind ever found in Russia. The diamond it was cut from a rough found in 2017 at the Ebelyakh deposit in Yakutia, rated by the American journal The National Jeweler as the best discovery of the year. Before it was mined, ALROSA’s largest pink gem had weighed 3.86 carats. “Pink diamonds among the blue ones are considered to be the rarest and most precious of all, and the size and clarity of this specimen makes it one of the best to be discovered anywhere in the world in recent years,” Alrosa’s chief executive Yury Okoyemovsaid in a statement. “I am sure that this diamond will be the most expensive in the history of Russia’s gem cutting industry.” The largest stone in the collection, however, is a deep yellow asscher cut diamond, weighing 20.69 carats. The largest stone in the group, however, was a deep yellow asscher cut diamond, weighing 20.69 carats. It was cut from a raw crystal with a rare honey hue, which weighed 34.17 carats, also mined in 2017.
alrosa-large-yellow-diamond Other diamonds in the collection include a pink-purple cushion-shaped stone, weighing 11.06 carats, recognized by the GIA (the Gemological Institute of America) as the largest of its colour in the world.
In the last year, Alrosa has worked on boosting revenue from selling rare, coloured diamonds where demand is stable, although it is a niche business.
According to market analysts, the average price for pink, yellow, blue and green stones has risen consistently by 12% a year over the last few decades, driven by consumers passion for something exotic and unusual. This means they are less affected by other factors driving general diamonds’ supply and demand.
Currently, the global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American’s De Beers. But state-controlled Alrosa aims to compete.
“The diamonds we are now exhibiting are completely unique, and each of them perfectly embodies the Russian art of gem cutting,” Okoyemov said. “We calculate that the huge potential of our coloured diamonds will very soon enable Alrosa to become the world’s leader in that market.”
The company noted its pink and yellow diamonds will be soon transferred to the GIA for certification.
Russia’s Alrosa the world’s top diamond producer by output in
carats, has put together a collection of recently found large coloured
diamonds, which includes a pink oval gem weighing 14.83 carats the
largest of its kind ever found in Russia.
The diamond it was cut from a rough found in 2017 at the Ebelyakh deposit in Yakutia, rated by the American journal The National Jeweler as the best discovery of the year. Before it was mined, ALROSA’s largest pink gem had weighed 3.86 carats.
“Pink diamonds among the blue ones are considered to be the rarest
and most precious of all, and the size and clarity of this specimen
makes it one of the best to be discovered anywhere in the world in
recent years,” Alrosa’s chief executive Yury Okoyemovsaid in a
statement. “I am sure that this diamond will be the most expensive in
the history of Russia’s gem cutting industry.” The largest stone in the collection, however, is a deep yellow asscher cut diamond, weighing 20.69 carats.
The largest stone in the group, however, was a deep yellow asscher
cut diamond, weighing 20.69 carats. It was cut from a raw crystal with a
rare honey hue, which weighed 34.17 carats, also mined in 2017.
alrosa-large-yellow-diamond
Other diamonds in the collection include a pink-purple cushion-shaped
stone, weighing 11.06 carats, recognized by the GIA (the Gemological
Institute of America) as the largest of its colour in the world.
In the last year, Alrosa has worked on boosting revenue from selling
rare, coloured diamonds where demand is stable, although it is a niche
business.
According to market analysts, the average price for pink, yellow,
blue and green stones has risen consistently by 12% a year over the last
few decades, driven by consumers passion for something exotic and
unusual. This means they are less affected by other factors driving
general diamonds’ supply and demand.
Currently, the global market for polished coloured diamonds is now
dominated by Rio Tinto and Anglo American’s De Beers. But
state-controlled Alrosa aims to compete.
“The diamonds we are now exhibiting are completely unique, and each
of them perfectly embodies the Russian art of gem cutting,” Okoyemov
said. “We calculate that the huge potential of our coloured diamonds
will very soon enable Alrosa to become the world’s leader in that
market.”
The company noted its pink and yellow diamonds will be soon transferred to the GIA for certification.
Firestone Diamonds has announced the recovery of a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho.
This follows after a 46 carat gem diamond that was recovered in December, sold for more than US$1 million at a recently held sale.
The 70 carat diamond was recovered undamaged and will go on sale at the next tender which is scheduled to take place during March 2019.
Paul Bosma, CEO, comments:
“The 70 carat stone was recovered in the northern, low grade part of the pit in Lesotho where the bulk of our mining will take place in the coming months.
“Although the market for the smaller stones has been under pressure, we’ve seen continued demand and good prices realised for special stones”.
Firestone Diamonds has announced the recovery of a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho.
This follows after a 46 carat gem diamond that was recovered in
December, sold for more than US$1 million at a recently held sale.
The 70 carat diamond was recovered undamaged and will go on sale at
the next tender which is scheduled to take place during March 2019.
Paul Bosma, CEO, comments:
“The 70 carat stone was recovered in the northern, low grade part of
the pit in Lesotho where the bulk of our mining will take place in the
coming months.
“Although the market for the smaller stones has been under pressure,
we’ve seen continued demand and good prices realised for special
stones”.
Endiama, Angola‘s state owned diamond company, said it expects to make about $1.5 billion from carats sold in 2019, compared with $1.25 billion realised from 8.47 million carats sold in 2018, Rough & Polished reports.
Endiama, which produced 9.4 million carats last year, said in a presentation held at African Mining Indaba that it expects to produce 9.6 million carats in 2019. In 2018, the company was the world’s fifth largest diamond producer by value.
Late last December, ite was reported that in 2019, Angola will get a second diamond cutting and polishing factory. Neves Silva, the head of Angola’s state-run diamond company Sodiam, promised that the plant will initially be able to process 4,000 carats of rough diamonds per month.
Currently, the Angola Polishing Diamonds factory is the only such facility in the country. The second plant, with an estimated cost of $10 million, “will start operating in August and will have a bigger capacity”, according to the same report.
