The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
A 187-Carat Canadian Diamond Goes to Washington
The Diavik Foxfire was mined in Canada and will be on display at the Smithsonian through February.
Washington, D.C.--The largest diamond ever found in North America is making its way to Washington, D.C.
The 187.7-carat Foxfire diamond, mined in Canada, will be on display at the Smithsonian’s National Museum of Natural History beginning Nov. 17 through Feb. 16, 2017.
The museum said it will put the rough stone on display in the Harry Winston Gallery alongside another well-known gemstone, the 45.52-carat deep blue Hope Diamond.
In a news release, Jeffrey Post, curator of the museum’s National Gem and Mineral Collection, called the Foxfire “one of the great treasures of the Earth,” and noted that its display will give visitors the chance to see the big diamond in its rough state.
Rio Tinto unearthed the Foxfire in August 2015 at its Diavik Diamond Mine, which is located about 130 miles from the Arctic Circle in Canada’s Northwest Territories. The stone took its name from the aboriginal description of the Northern Lights as resembling a “brush of undulating fox tails.”
This is not the diamond’s first trip into the United States. Back in May, Rio Tinto brought it across the border, holding a private viewing of the stone in New York City.
In June, Deepak Sheth of Amadena Investments/Excellent Facets Inc. placed the winning bid in an international auction for the stone. The purchase price for the Foxfire was not disclosed.
Amadena is a diamond trading, cutting and polishing firm based in New York that is also a Rio Tinto Select Diamantaire.
Sheth has opted to keep it in its rough state thus far.
He said, “Having North America’s largest known uncut, gem-quality diamond on display at the Smithsonian is a testament to the rarity of the Foxfire diamond.
It also represents another significant chapter in the diamond’s remarkable story.”
The Smithsonian’s National Museum of Natural History is open daily from 10 a.m. to 5:30 p.m., closing only on Dec. 25. Admission is free.
The Latest
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Despite the rising prices, consumers continue to seek out the precious metal.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.