88 Carat Flawless Diamond Fetches $13.7 Million USD

A flawless 88.22 carat diamond fetched more than $13.7 million at the Hong Kong Sale of Magnificent Jewels and Jadeite held Tuesday.

The total, which includes commissions and fees, surpassed the high estimate of $12.7 million. The D color, type Ila, oval brilliant diamond was the top lot in the sale of 2oo items.

A Japanese private collector purchased the stone and named it the “Manami Star,” after his eldest daughter.

“We were thrilled to handle a diamond of such rarity, which now takes its place in the roster of top white diamonds to have come to the market here at Sotheby’s Asia,” said Patti Wong, Sotheby’s chairman in Asia.

Source: DCLA

88 Carat Flawless Diamond Fetches $13.7 Million USD

A flawless 88.22 carat diamond fetched more than $13.7 million at the Hong Kong Sale of Magnificent Jewels and Jadeite held Tuesday.

The total, which includes commissions and fees, surpassed the high estimate of $12.7 million. The D color, type Ila, oval brilliant diamond was the top lot in the sale of 2oo items.

A Japanese private collector purchased the stone and named it the “Manami Star,” after his eldest daughter.

“We were thrilled to handle a diamond of such rarity, which now takes its place in the roster of top white diamonds to have come to the market here at Sotheby’s Asia,” said Patti Wong, Sotheby’s chairman in Asia.

Source: DCLA

GIA Aligns Lab-Grown Reports with FTC Standards

The Gemological Institute of America (GIA) has updated the language in its lab-grown-diamond certificates to conform to the recent Federal Trade Commission (FTC) guidelines.

The grading lab will no longer use the term synthetic when referring to diamonds created in a lab, either inside its reports, or in the title, it said Friday.

The GIA will continue to use descriptive terms of color and clarity for lab-grown diamonds, indicating the range of grading they refer to on a scale in the report.

Additionally, the certificate will include a QR code which will link to the GIA’s report-check service, and provide consumers with more information about the growth process of lab-grown diamonds. It will also list any detected clarity treatments the stone has undergone.

The GIA will include a comment on the report disclosing the fact that the stone is man-made and has been produced using either chemical vapor deposition (CVD) or High-Pressure, High-Temperature (HPHT).

“Over the past few years, there has been an incredible advancement in the technology by which laboratory-grown diamonds are made,” said GIA CEO Susan Jacques. “With the increased availability of man-made diamonds in commercial qualities, sizes and quantities, and with greater consumer awareness of and desire for this product, GIA is making these changes to align with the revised FTC guides and changes in the market.”

Earlier this month, HRD Antwerp announced changes to its lab-grown-diamond reports, including updating the language to match those of natural diamonds, and expanding its color categories for synthetic stones. It will also launch a lab-grown-diamond-jewelry report in September.

The new GIA lab-grown-diamond reports will be available from July 1. Customers that have purchased synthetic-diamond reports from the GIA prior to that date can exchange them for a new certificate at no cost, the GIA noted.

Correction: The GIA will not be adopting the same 4Cs descriptions that it uses for natural diamonds in its lab-grown diamond grading reports, as initially indicated in the above story. It will continue to use descriptions such as “near colorless” and “very slightly included” when describing the color and clarity of a lab-grown diamond.

Image: A sample GIA lab-grown-diamond grading report. (GIA)

Source: Diamonds.net

GIA Aligns Lab-Grown Reports with FTC Standards

The Gemological Institute of America (GIA) has updated the language in its lab-grown-diamond certificates to conform to the recent Federal Trade Commission (FTC) guidelines.

The grading lab will no longer use the term synthetic when referring to diamonds created in a lab, either inside its reports, or in the title, it said Friday.

The GIA will continue to use descriptive terms of color and clarity for lab-grown diamonds, indicating the range of grading they refer to on a scale in the report.

Additionally, the certificate will include a QR code which will link to the GIA’s report-check service, and provide consumers with more information about the growth process of lab-grown diamonds. It will also list any detected clarity treatments the stone has undergone.

The GIA will include a comment on the report disclosing the fact that the stone is man-made and has been produced using either chemical vapor deposition (CVD) or High-Pressure, High-Temperature (HPHT).

“Over the past few years, there has been an incredible advancement in the technology by which laboratory-grown diamonds are made,” said GIA CEO Susan Jacques. “With the increased availability of man-made diamonds in commercial qualities, sizes and quantities, and with greater consumer awareness of and desire for this product, GIA is making these changes to align with the revised FTC guides and changes in the market.”

Earlier this month, HRD Antwerp announced changes to its lab-grown-diamond reports, including updating the language to match those of natural diamonds, and expanding its color categories for synthetic stones. It will also launch a lab-grown-diamond-jewelry report in September.

The new GIA lab-grown-diamond reports will be available from July 1. Customers that have purchased synthetic-diamond reports from the GIA prior to that date can exchange them for a new certificate at no cost, the GIA noted.

Correction: The GIA will not be adopting the same 4Cs descriptions that it uses for natural diamonds in its lab-grown diamond grading reports, as initially indicated in the above story. It will continue to use descriptions such as “near colorless” and “very slightly included” when describing the color and clarity of a lab-grown diamond.

Image: A sample GIA lab-grown-diamond grading report. (GIA)

Source: Diamonds.net

Last kimberlite trucked to plant at De Beers Victor mine

The last truckload of kimberlite from Ontario’s first and only diamond mine has left the pit. De Beers Canada said mining ceased on March 5 – 11 years to the day after the official opening in 2008.

The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at Victor for 11 years, as a haul truck driver, dozer operator and production drill operator.

Stockpiled kimberlite will keep the recovery plant running until early May.

The Victor mine was forecast to produce 6 million carats of diamonds over its life, but it beat that by recovering a total of 8 million carats – with a record 936,000 carats produced in 2018.

The project provided about 1,360 jobs and $3.7 billion of revenue to the province.

Source: DCLA

Last kimberlite trucked to plant at De Beers Victor mine

The last truckload of kimberlite from Ontario’s first and only diamond mine has left the pit. De Beers Canada said mining ceased on March 5 – 11 years to the day after the official opening in 2008.

The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at Victor for 11 years, as a haul truck driver, dozer operator and production drill operator.

Stockpiled kimberlite will keep the recovery plant running until early May.

The Victor mine was forecast to produce 6 million carats of diamonds over its life, but it beat that by recovering a total of 8 million carats – with a record 936,000 carats produced in 2018.

The project provided about 1,360 jobs and $3.7 billion of revenue to the province.

Source: DCLA

Thieves tunnelled into jewellers to take £1,000,000 in diamonds and gems

An upmarket Fleet Street jewellers has been robbed by burglars who tunnelled in Hatton Garden style and made off with an estimated £1 million in diamonds and gems.

George Attenborough and Son Jewellers on Fleet Street in central London was hit at some stage over the weekend, as thousands of runners competing in the London Landmarks Half Marathon thundered past nearby. The firm advertises items worth tens of thousands of pounds such as Cartier diamond rings on its website.

The Sun suggested the thieves who are still at large used drills to gain access to the secure building and complete the raid. A Scotland Yard statement confirmed members of its Serious and Organised Crime Command were involved in the investigation.

It said: ‘Police were called shortly before 2am on Monday, March 25, to a report of a burglary at a jewellers in Fleet Street. ‘A quantity of jewellery was stolen. ‘An investigation has been launched, led by detectives from the Met’s Flying Squad.

‘Forensic examination work is continuing at the scene. ‘No arrests have been made. Enquiries are ongoing to establish the circumstances and identify those responsible.
Source: DCLA