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The deal includes 73 sapphire mining leases in Central Queensland.
It’s the largest natural color diamond the miner has found in Russia.
The diamond miner has inked a partnership with Antwerp-based cutter HB Group to buy all its diamonds weighing more than 10.8 carats for the rest of 2020.
The first guests are Stuller executives.
In a letter sent out Thursday, WFDB’s Yoram Dvash wrote there are multiple reasons to be optimistic about the state of the diamond industry.
The system is currently being tested in New York and Carlsbad, with an industry-wide rollout expected next year.
It will use the same color and clarity grading scales that are used for natural diamonds but add a special designation.
More and more companies sell lab-grown diamonds, forcing jewelers to decide: Should I carry them, or not?
National Jeweler

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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.