“Fancy Studs” will feature revamped branding and a new lab-grown diamond fine jewelry collection.
Lucara Sells 812-Carat Diamond for $63M
It is the sixth biggest gem-quality diamond ever found and its sale price sets a new world record for a rough diamond.
Vancouver, British Columbia--The sixth-largest gem-quality diamond ever unearthed has just been sold for $63.1 million, or $77,649 per carat, setting a new world record for a rough diamond.
Weighing in at 812.77 carats, the Type IIa diamond was unearthed by workers at Lucara Diamond Corp.’s Karowe mine in Botswana, the same mine that yielded the 1,109-carat diamond.
Lucara announced Monday that it sold the 812.77-carat diamond. As part of the sale, the mining company has partnered with Nemesis International DMCC, a Dubai-based rough diamond trading company, and named the diamond “The Constellation.” Lucara will receive 10 percent of the net profit received from the sale of the polished diamonds this stone yields.
Lucara found the diamond (originally estimated at 813 carats) back in November, just a few days after it unearthed the historic 1,109-carat diamond.
Now called Lesedi La Rona, that rough diamond will be offered for sale in June at Sotheby’s London and is expected to bring in “more than $70 million” Sotheby’s said last week. A sale of $70 million to $75 million would equate to a per-carat price of $63,082 to $67,588 for the Lesedi; at these prices, it will not break The Constellation’s record. However, the stone could sell for more given its historical significance as the second largest gem-quality diamond ever found.
The 812.77-carat diamond came from the south lobe of the Karowe mine, the same area that yielded the 1,109-carat stone.
Also recovered within the 800-carater was a 374-carat diamond.
The Latest
The 2024-2025 edition features new colors and styles, as well as storytelling elements.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
GIA®’s most advanced microscope has new features to optimize greater precision and comfort.
The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.