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Gem Diamonds Ltd. made its largest gem-quality rough diamond find to date this year when it pulled a 198-carat piece of rough from its Letšeng mine in the Kingdom of Lesotho last month, the latest in a line of 100-carat-plus stones found this year.
Beginning in March 2015, companies that are not De Beers sightholders will have the opportunity to compete for the rough diamonds that weren’t offered to, or refused by, sightholders, and will be known as “accredited buyers.”
About 100 diamond dealers from India and the United States will gather next month at the Diamond Dealers Club in New York for the first India Diamond Week.   
The company formerly known as Gemesis has created what it says is the largest diamond ever grown in a lab, a 3-carat round brilliant that is K color and SI1 clarity.
Sales and production increased in the first half of the year for De Beers and the company expects global demand for diamond jewelry to increase 4 to 5 percent this year, driven by the United States and China.
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