A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Petra Finds, Sells Another Big Pink Diamond
Recovered from its mine in Tanzania, the 32.33-carat colored stone went for $15 million, or more than $460,000 per carat.
London--Diamond miner Petra Diamonds Ltd. announced Thursday that it recently recovered and sold another “exceptional” pink diamond from its Williamson Mine in Tanzania.
The stone, a 32.33-carat piece of pink rough, went for $15 million, or $463,965 per carat.
Petra sold it to Golden Yellow Diamonds on behalf of M.A. Anavi Diamond Group, a Ramat Gan-based manufacturer that specializes in large and colored diamonds.
M.A. Anavi is the same company that bought the 23.16-carat pink diamond Petra pulled from Williamson last November.
The manufacturer paid slightly less per carat for that diamond--$433,938, for a total purchase price of $10.1 million--which, at the time, was billed as the most significant recovery yet from Williamson.
Petra retained a stake in both stones. The company said it will receive 10 percent of the proceeds from the sale of the polished 32.33-carat diamond and 20 percent of the proceeds from the sale of the 23.16 carater.
The Latest
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Ho Brothers offers scalable solutions for the future of custom jewelry.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."
The jewelry giant also posted a double-digit drop in same-store sales for the full year.
Elvis gave the watch to actress Dodie Marshall after filming “Easy Come, Easy Go.”
The Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design was presented to a graduate of the GIA school in Taipei.
The man was charged with money laundering in connection with the theft of gold, silver, and platinum over the course of three years.