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Diamond News Archives

Chinese Pressure Sparks Debate on Taiwan’s Resilience

Category: News Archives
Created: 09 August 2021
Hits: 530
Diamond Buyers Club
China’s expanding military provocations toward Taiwan have elevated concern among the United States and its allies that Beijing could be on the verge of using force against the island democracy, which China considers to be an integral part of its sovereign territory.
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Read more from our friends at Gold & Silver

Abstract Diamond Painting Sells for $87,000

Category: News Archives
Created: 09 August 2021
Hits: 590
August 09, 21 by John Jeffay
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(IDEX Online) - A painting that incorporates 500 polished diamonds has sold for $87,000 - almost 10 times its high estimate  - at Phillips London.

The US artist known as Genesis the Greykid, from Chattanooga, Tennessee, started using diamonds in his work when the pandemic struck.

His abstract work, entitled Computer Love and described as acrylic, latex and diamond dust on canvas, went to an anonymous buyer.

The 37-year-old artist - real name Russell McGee Jr. - sourced 500 hand-cut round diamonds, each with a minimum of 17 facets, from London jeweler Jack Moore.

Computer Love had a pre-sale high estimate of $9,700.

Pic shows Genesis the Greykid and the painting Computer Love...

Read more from our friends at IDEX

Christie's Highest Value Online Diamond

Category: News Archives
Created: 08 August 2021
Hits: 496
August 08, 21 by John Jeffay
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(IDEX Online) - Christie's says a 24.45-carat heart-shaped diamond is the highest-valued jewel it has ever offered at an online auction.

The D color, IF, Type IIa diamond pendant (pictured) has an estimate of of $1.55m to $2.55m.

The gem leads the Jewels Online: Summer Sparkle sale, which closes on 18 August.

Christie's previous record estimate for a high-value jewel online was $1m to $2m for a 28.86-carat D-color, emerald-cut, VVS1 Type IIa diamond. 

It sold for $2,115,000 after 31 bids, setting a new record for any jewel sold in an online auction.

Another highlight of the ongoing online sale is The Summer Sunrise, a fancy vivid orange yellow diamond ring of 9.83 carats, VS1 clarity (estimate $600,000-800,000)....

Read more from our friends at IDEX

Why You Should "Top Off" Your Silver and Gold Holdings before Labor Day

Category: News Archives
Created: 07 August 2021
Hits: 440
Diamond Buyers Club
Metals and miners have a predictable seasonal tendency to decline in mid to late June and make a secondary – often slightly higher low – in the late July to mid-August period.
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Read more from our friends at Gold & Silver

CEOs and Central Bankers Talk Past Each Other on Inflation

Category: News Archives
Created: 06 August 2021
Hits: 482
Diamond Buyers Club
The bosses of top multinationals are fretting about rising inflation but the very people responsible for keeping price growth in check - central bankers - seem unfazed.
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Read more from our friends at Gold & Silver

  1. Cryptocurrency Brawl Bogs Down Infrastructure Bill, As Yellen and White House Fight Changes
  2. Gold Markets Continue to Bounce Back and Forth
  3. U.S. Banking System Has a $168 Trillion Nightmare Looming
  4. Mountain Province Rebounds after Liquidity Woes

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