Smith shares the importance of looking at your company with openness and honesty to identify opportunities you may be missing.
Mining co. cuts world’s largest csarite
Milenyum Mining has discovered and faceted the largest known csarite in the world, a 121.65-carat pear-shaped stone that it expects to retail for close to $1 million.

The gemstone was cut recently from an approximately 430-gram (2,150-carat) piece of rough found in the world’s only known csarite mine, located in the Anatolian mountains of Turkey.
The company has recovered rough pieces of csarite three times the size of this one, and has ended up with no faceted stones so far, according to Milenyum.
The mining company said that typical loss from rough csarite is approximately 98 percent; however in this case, they lost only about 95 percent of the original specimen in cutting.
Prior to this, the largest known faceted csarite stone was an 88.49-carat pear-shaped gem that won a Cutting Edge award in last year’s American Gem Trade Association Spectrum Awards.
The only other csarite stones of a similar size have been cabochon gems that exhibited cat’s eye and color change effects.
“It was an exciting challenge to cut this stone,” said Rudi Wobito, master cutter at Wobito, the company that did the actual faceting. “Csarite rough very rarely produces a fine gem of this size and caliber. And it’s a very slow process to shape the rough and finally arrive at the finished gem. We studied the material from all angles for weeks before deciding on the final shape.”
Earlier this year, the U.S. Patent and Trademark Office granted Milenyum two trademarks for csarite--one for the name “csarite,” allowing for greater consumer recognition for the stone, and approval to trademark the tagline “Csarite: Rare. Natural. Exquisite.”
After both trademarks were approved and registered, Milenyum said that will step up efforts to fight theft and illegal mining at the site by working with Turkish ministries and the army to monitor and prevent illegal activity.
The Latest

Associate Editor Natalie Francisco visited Italy to spot jewelry trends at the September Vicenzaoro show and share her top finds.

Respondents were concerned about job availability and rising prices.

Its latest interim financials revealed a challenging first half due in part to production troubles at its mines.


Alexander Lacik has led Pandora since 2019. Berta de Pablos-Barbier will succeed him, the first woman to head the company.

Two men allegedly used counterfeit bills to purchase luxury watches and jewelry from a North Carolina jeweler.

With their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.

The “Lovestruck” collection, designed with the Academy and Grammy award-winning siblings, is the brand’s first lab-grown diamond offering.

The brand, celebrating its 15th anniversary, has popped up at Market, a luxury fashion destination in Highland Park Village.

She was remembered as a creative and generous woman of faith, who also had a sweet tooth.

Move over neck mess, the ear story is the way to make a layering statement today.

The New York-based brand is set to launch a limited-time offering for the holiday season at Holt Renfrew in Toronto.

The “Volume 7” bridal catalog features best-selling engagement rings, trending styles, and a new section highlighting anniversary bands.

Holiday sales growth is expected to slow as consumers grapple with inflation and tariff-related uncertainty.

Jamie Turner Designs is among the winners of the local “Austin Shines” contest, hosted by Eliza Page, a jewelry store in Austin, Texas.

The red and azure colorway is one of many fun enamel pairings offered, bringing whimsy to the classic style of a monogramed signet ring.

A trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.

Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.

The manufacturer is adding 1,400 chemical vapor deposition (CVD) reactors to its growing facility in India.

The jeweler to the stars has worked with Drake, A$AP Rocky, Tyler the Creator, and other celebrities.

The Scarsdale, New York-based jeweler donated a professional-grade watch cleaning machine.

The 50 percent tariffs on diamonds shipped from India to the U.S. have pushed midstream manufacturers to the edge.

De Beers’ refreshed, multipronged approach, which includes generic promotions and retail partnerships, is delivering positive dividends.
They are trying to balance the need to sustain well-established relationships with the pressure higher tariffs have put on margins.

Jewelry manufacturer Jewelex has partnered with JOSH, an industry training center, on a program for people with disabilities.

The collection includes pieces dating back to the Victorian and Art Deco periods as well as mid-century and late 20th-century designs.