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Lesedi La Rona was the 1,109-carat rough diamond discovered in Botswana almost four years ago.
Once the property of Nirav Modi’s former company, the stones range in size from 0.10-1.25 carats.
The National Bank of Fujairah opened a representative office Sunday in the diamond trading hub.
How GIA is changing its reports for lab-grown diamonds and a tiara headed to auction were among the week’s top headlines.
Sightholders now will be able to refer to rough stones from the company as “DTC diamonds.”
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.