Diamond News Archives

(IDEX Online) - Alrosa sold $521.6m of rough and polished in December, buoyed by the record-breaking Spirit of the Rose diamond, disposal of accumulated stock and strong midstream demand.

The state-owned Russian miner acknowledged today that its busiest month of the year was a one-off, and predicted sales in January would be more in line with usual expectations. 

December's sales were up a third on November, and up 43 per cent on December 2019, before the coronavirus pandemic hit.

One factor was the sale of largest vivid purple-pink diamond ever to appear at auction - the 14.83-carat, internally flawless, oval-cut The Spirit of the Rose (pictured). It netted $26.6m  when it was sold at Sotheby's Geneva last November.

"Strong sales of rough and polished diamonds by Alrosa in December were driven by the continued strong demand from the midstream as well as by one-off factors," said Evgeny Agureev, the company's deputy CEO

"In particular, revenue from the sale of polished diamonds was additionally supported by the sale of the previously accumulated stock and proceeds from the unique Spirit of the Rose diamond sale."

December sales rough sales were $470.3m, polished $51.2m and the overall total was $521.6m....

(IDEX Online) - The GIA has introduced classification reports for cultured pearls.

They are based on its 7 Pearl Value Factors -  size, shape, color, luster, surface, nacre and matching  - and include digital images. 

The Gemological Institute of America's new service is only available for the three major types of cultured pearls, Akoya, South Sea and Tahitian pearls.

It says up to 10 related loose pearls may be submitted per report and they must be visually related to each other. There are no tests for identification or treatment, it says.

Submitted pearls may be loose, mounted, strung, or in a fixed design layout for a strand or jewelry item.

The GIA, well-known as a diamond grading authority, says it has been a leader in the identification and classification of natural and cultured pearls since 1949.

Pic shows a GIA cultured pearl classification report...