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Diamond News Archives

Christie's 101-carat Diamond could Fetch $18m

Category: News Archives
Created: 20 April 2021
Hits: 540
April 20, 21 by John Jeffay
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(IDEX Online) - A 100.94-carat D-color IF diamond - the largest stone ever cut in Russia - is to be auctioned by Christie's Geneva with a high estimate of $18m.

The "Spectacle" (pictured) was cut from a 207.29-carat rough stone unearthed in 2016 at the Zarnitsa kimberlite pipe in the Sakha Republic (Yakutia) - Russia's first ever diamond mine.

 

The Diamonds of Alrosa factory, Moscow, spent a year and eight months preparing and cutting the stone.

"The emerald shape was chosen as it presented the perfect geometry of the diamond," said Christie's in a statement.

"Emerald cut is incompatible with any imperfections, as it allows the observer to gaze endlessly into the clear, unobstructed depths of the gem."

Viewings take place next month in Taipei and Geneva.  The Spectacle will be offered for sale on 12 May at the Geneva Magnificent Jewels auction (estimate $12m to $18m)....

Read more from our friends at IDEX

The New Cold War: Felix W. Zulauf

Category: News Archives
Created: 20 April 2021
Hits: 505
Diamond Buyers Club
A new conflict has begun between the United States and China that will shape the coming decades. No country will be unaffected, and Europe some day may have to pick sides. Risk premiums for financial assets will rise.
...

Read more from our friends at Gold & Silver

A Global Tipping Point for Reining In Tech Has Arrived: NYT

Category: News Archives
Created: 20 April 2021
Hits: 432
Diamond Buyers Club
Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.
...

Read more from our friends at Gold & Silver

Indian Jeweler Wins Praise for Transgender Ad

Category: News Archives
Created: 20 April 2021
Hits: 438
April 20, 21 by John Jeffay
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(IDEX Online) - A ground-breaking jewelry ad that follows a young Indian boy as he transitions to a woman, with his family's support, has been widely praised.

Milestones in her journey are accompanied by gifts of jewelry from the anklets and earrings she receives as a child to a joyous wedding ceremony.

The one minute 40 second video, entitled Pure as Love, is a marked departure from traditional heterosexual wedding narratives.

It was produced for Bhima Jewellers, a chain of 36 stores based in the southwestern state of Kerala, which said it wanted to "start a conversation".

The video has attracted widespread praise online. One comment on Twitter reads: "Such sensitive and beautiful storytelling. This is truly a path breaking and progressive take on jewellery ads."

Navya Suhas, online operations head at Bhima, told the Indian Express: "Usually, if you look at jewellery ads, they focus on the bride and happy marriage.

"Hence, we wanted to make something centred around a trans person and start a conversation, because if we don't start talking about it now, I don't think we ever will."

Pic shows wedding scene from the ad...

Read more from our friends at IDEX

Bloomberg’s McGlone Warns of ‘Predominant Deflationary Forces’

Category: News Archives
Created: 19 April 2021
Hits: 455
Diamond Buyers Club
Since the financial crisis, commodity prices have declined by about 60% versus U.S. M2 money supply growth while the S&P 500 has beaten M2 by about 40%, according to the report.
...

Read more from our friends at Gold & Silver

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  3. Surat Manufacturers hit by Certification Delays
  4. Alrosa's Q1 Revenue Rises 28 per cent, Year-on-Year

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