How do you like your diamonds?

Diamonds that could only just fit in your hand have been unearthed in Botswana recently so overnights polished up their knowledge on what modern day diamond mining involves. 

The modern day diamond competes with synthetic diamonds but Roy Cohen from the Diamond Grading Laboratory of Australia reckons they're as popular as ever. 

How does the cut change that value, what are Australian diamonds like and where can you buy the cheapest diamond in the world? Find out on this weeks talking topic about Diamonds. 

listen to the show here:  https://www.abc.net.au/radio/sydney/programs/overnights/diamonds/11075702

How do you like your diamonds?

Diamonds that could only just fit in your hand have been unearthed in Botswana recently so overnights polished up their knowledge on what modern day diamond mining involves. 

The modern day diamond competes with synthetic diamonds but Roy Cohen from the Diamond Grading Laboratory of Australia reckons they're as popular as ever. 

How does the cut change that value, what are Australian diamonds like and where can you buy the cheapest diamond in the world? Find out on this weeks talking topic about Diamonds. 

listen to the show here:  https://www.abc.net.au/radio/sydney/programs/overnights/diamonds/11075702

Diamond Miners Push Back on Ethics Claims

The major diamond miners have weighed in on the debate over which diamonds are more ethical, claiming their production uses less than one-third of the energy it takes to create a diamond in a lab.

The operations of companies that make up the Diamond Producers Association (DPA) emitted an average of 160 kilograms of carbon dioxide (CO2) per 1-carat of polished diamonds produced in 2016, according to a study commissioned by the DPA and carried out by Trucost ESG Analysis, which is part of S&P Global. That compared to the estimated greenhouse gas emissions of 511 kilograms of CO2 for the average 1-carat lab-grown polished stone.

A debate has ensued in recent years over which diamond is more environmentally friendly (or harmful), with many lab-grown-diamond companies claiming to have the greener product in their advertising. In April, the Federal Trade Commission (FTC) warned several synthetics producers against using claims such as “eco-friendly,” “eco-conscious” or “sustainable” without qualification.

“This independent research report breaks outdated stereotypes and misconceptions and identifies the next set of challenges that must be met to continue to evolve and improve as an industry,” said DPA CEO Jean-Marc Lieberherr in a statement on Thursday.

The DPA members have set goals to reduce their carbon footprint, while the DPA will monitor their progress in achieving the United Nations Sustainable Development Goals.

The report, titled “The Socioeconomic and Environmental Impact of Large-Scale Diamond Mining,” highlights the benefits to employees of DPA members, the impact those companies collectively have on the communities in which they operate and their environmental stewardship.

Together, the miners generate more than $16 billion in net socioeconomic and environmental benefits through their operations, Trucost reported.

Despite significant progress toward responsible and transparent practices over the past 15 years, the current reality of the diamond-mining sector remains largely unknown, the authors noted. “This report provides access into a highly scrutinized, yet largely misunderstood sector,” the report added.

The DPA consists of seven companies, with Alrosa, De Beers, Rio Tinto and Petra Diamonds participating in the study. Dominion Diamond Mines, Lucara Diamonds and Murowa Diamonds are the other members.

The Lab Grown Diamond Association did not reply to a request for comment from Rapaport News by press time.

Image: Rough and polished diamonds. (Diamond Producers Association)

Source: Diamonds.net

Diamond Miners Push Back on Ethics Claims

The major diamond miners have weighed in on the debate over which diamonds are more ethical, claiming their production uses less than one-third of the energy it takes to create a diamond in a lab.

The operations of companies that make up the Diamond Producers Association (DPA) emitted an average of 160 kilograms of carbon dioxide (CO2) per 1-carat of polished diamonds produced in 2016, according to a study commissioned by the DPA and carried out by Trucost ESG Analysis, which is part of S&P Global. That compared to the estimated greenhouse gas emissions of 511 kilograms of CO2 for the average 1-carat lab-grown polished stone.

A debate has ensued in recent years over which diamond is more environmentally friendly (or harmful), with many lab-grown-diamond companies claiming to have the greener product in their advertising. In April, the Federal Trade Commission (FTC) warned several synthetics producers against using claims such as “eco-friendly,” “eco-conscious” or “sustainable” without qualification.

“This independent research report breaks outdated stereotypes and misconceptions and identifies the next set of challenges that must be met to continue to evolve and improve as an industry,” said DPA CEO Jean-Marc Lieberherr in a statement on Thursday.

The DPA members have set goals to reduce their carbon footprint, while the DPA will monitor their progress in achieving the United Nations Sustainable Development Goals.

The report, titled “The Socioeconomic and Environmental Impact of Large-Scale Diamond Mining,” highlights the benefits to employees of DPA members, the impact those companies collectively have on the communities in which they operate and their environmental stewardship.

Together, the miners generate more than $16 billion in net socioeconomic and environmental benefits through their operations, Trucost reported.

Despite significant progress toward responsible and transparent practices over the past 15 years, the current reality of the diamond-mining sector remains largely unknown, the authors noted. “This report provides access into a highly scrutinized, yet largely misunderstood sector,” the report added.

The DPA consists of seven companies, with Alrosa, De Beers, Rio Tinto and Petra Diamonds participating in the study. Dominion Diamond Mines, Lucara Diamonds and Murowa Diamonds are the other members.

The Lab Grown Diamond Association did not reply to a request for comment from Rapaport News by press time.

Image: Rough and polished diamonds. (Diamond Producers Association)

Source: Diamonds.net

Gold & Silver - Historical Vehicles To Protect Your Wealth w/ Jayant Bhandari

https://www.youtube.com/watch?v=wv4Egi-bzlY&feature=youtu.be

Gold & Silver - Historical Vehicles To Protect Your Wealth w/ Jayant Bhandari

https://www.youtube.com/watch?v=wv4Egi-bzlY&feature=youtu.be

Christie’s to Sell Historic Golconda Diamond

Christie’s New York auction will feature a 17.21-carat diamond given to Queen Charlotte of Great Britain by a regional ruler in India.

The pear-shaped, brilliant-cut diamond, called Arcot II, was found in India’s Golconda region in the late 18th century. The stone, presented to the queen by the Nawab of Arcot, will go under the hammer at the Maharajas & Mughal Magnificence sale on June 19, the auction house said last week.

The stone is one of a number of Indian jewels from the Mughal period featured at the sale. The lots on offer span a period of more than 500 years.

“This landmark collection traces the history of Mughal jewels and objects to [the] present day, and represents the most significant collection of its type ever to come to auction,” said François Curiel, chairman of Christie’s Europe. “The collection begins in Mughal India, the most important dynasty that ruled the country, famous for its emeralds, diamonds, sapphires, rubies, jeweled weapons and objects that are bejeweled beyond belief.”

Christie’s will also offer the Mirror of Paradise, a 52.58-carat, D-color, internally flawless Golconda diamond, as well as carved Mughal emeralds ranging from approximately 10 carats to over 200 carats.

Other notable lots include the Imperial Spinel Necklace and sarpechs — traditional Indian turban ornaments. A diamond necklace originally from the collection of the Nizam of Hyderabad, featuring almost 200 carats of Golconda diamonds, will also be for sale.

The Mughal jewels are from the collection of the Al-Thani dynasty, the ruling family of Qatar. The auction house will preview the items between April 24 and June 18 in London, Shanghai, Geneva, Hong Kong and New York.

Image: The Arcot II diamond. (Christie’s)

Source: Diamonds.net