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A leading diamond company bought the stone, which is described as an “exceptional” Type IIb diamond.
One-in-a-million natural colored diamonds command jaw-dropping amounts of money at auction. Overall prices are seeing a more modest increase.
Analysts say it could sell for as much as $15 million.
The miner’s deputy CEO said there are several “negative factors” impacting the market.
A dip in diamond sales at De Beers, lessons on diving back into a business after motherhood and more.
The diamond miner and marketer sold $390 million in rough to sightholders and via auction, compared with $581 million in the same period last year.
Seventy-nine percent said no to listing man-made diamonds on the site, while 74 percent voted against a price list.
Diamond sales for both are lagging behind last year due to a few factors.
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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.