The announcement coincided with its full-year results, with growth driven by its jewelry brands.
A 187-Carat Canadian Diamond Goes to Washington
The Diavik Foxfire was mined in Canada and will be on display at the Smithsonian through February.
Washington, D.C.--The largest diamond ever found in North America is making its way to Washington, D.C.
The 187.7-carat Foxfire diamond, mined in Canada, will be on display at the Smithsonian’s National Museum of Natural History beginning Nov. 17 through Feb. 16, 2017.
The museum said it will put the rough stone on display in the Harry Winston Gallery alongside another well-known gemstone, the 45.52-carat deep blue Hope Diamond.
In a news release, Jeffrey Post, curator of the museum’s National Gem and Mineral Collection, called the Foxfire “one of the great treasures of the Earth,” and noted that its display will give visitors the chance to see the big diamond in its rough state.
Rio Tinto unearthed the Foxfire in August 2015 at its Diavik Diamond Mine, which is located about 130 miles from the Arctic Circle in Canada’s Northwest Territories. The stone took its name from the aboriginal description of the Northern Lights as resembling a “brush of undulating fox tails.”
This is not the diamond’s first trip into the United States. Back in May, Rio Tinto brought it across the border, holding a private viewing of the stone in New York City.
In June, Deepak Sheth of Amadena Investments/Excellent Facets Inc. placed the winning bid in an international auction for the stone. The purchase price for the Foxfire was not disclosed.
Amadena is a diamond trading, cutting and polishing firm based in New York that is also a Rio Tinto Select Diamantaire.
Sheth has opted to keep it in its rough state thus far.
He said, “Having North America’s largest known uncut, gem-quality diamond on display at the Smithsonian is a testament to the rarity of the Foxfire diamond.
It also represents another significant chapter in the diamond’s remarkable story.”
The Smithsonian’s National Museum of Natural History is open daily from 10 a.m. to 5:30 p.m., closing only on Dec. 25. Admission is free.
The Latest
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.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
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.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.