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Ruby production also was down, though Gemfields CEO Ian Harebottle noted a “buoyant” start to the year for the luxury market.
The holiday season was “mediocre,” Rapaport Group said, and the diamond industry needs to tread lightly in 2017.
The diamond miner and marketer sold $720 million in rough at its first sales cycle of the year.
Diamond dealers are echoing the same sentiment expressed by jewelers--they gotta feeling that this year is going to be a good, good year.
At 1,109 carats, the Lesedi la Rona is the second largest rough diamond ever discovered, smaller only than the Cullinan Diamond dug up in 1905, which weighed in at 3,016 carats.
The Lesedi la Rona, which failed to sell last summer, likely will be offered via a sealed bid tender in 2017.
National Jeweler

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