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Car-boot diamond ring fetches £656,750 at auction

Car-boot diamond ring fetches £656,750 at auction

The 26ct diamond ring bought at a car-boot sale for £10 sold at Sotheby’s in London for £656,750. When the news first broke about the diamond ring being mistaken for a piece of costumer jewellery, it was predicted that it would fetch £350K at auction, after L Guess Watchmark & Jewellers advised the owners of

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Rachel McAdams sporting Niwaka jewels. At the 88th Academy Awards ceremony diamonds dazzled on the red carpet as celebrities wore statement earrings, bold necklaces and multiple rings crafted with the white, sparkly stone. Tiffany & Co. adorned several stars for the glamorous evening including Reece Witherspoon, Elizabeth Banks and Cate Blanchett, while Charlize Theron wore $3.7million worth of Harry Winston jewellery. Although other colourful gemstones were spotted at the Oscars, which took place at the Hollywood & Highland Center on February 28, it was diamonds that attracted the most attention.

Global diamond jewellery demand bounces back

Worldwide diamond jewellery sales hit $80bn (£62bn) in 2016, reveals the De Beers Group. Reversing a dip the year before when demand from China and India slumped, global diamond jewellery sales bounced back, with marginal growth predicted for 2017. Global sales were largely bolstered by rising demand in the US, where according to industry insight

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Forevermark inscribes two millionth diamond

The De Beers Group today announced its Forevermark diamond brand has inscribed its two millionth diamond. The diamond is a 3.48 carat round brilliant and bears the unique inscription of ‘2,000,000’. It was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. The diamond will now be set into

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IIDGR launches world-first synthetic diamond detection course

The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has announced the launch of a world-first Synthetic Diamond Detection training course. The two-day lab-based course will be unveiled in the US towards the end of the JCK trade show in Las Vegas, and in India at the IIDGR Facility in

Cyber Monday -pair 7 rad fy vs if

Fancy colour diamond prices remain stable in Q1 2017

Fancy Color Diamond Index for the first quarter of 2017 indicates pricing stability across most fancy colour diamond categories. The main exception was blue fancy colour diamonds, which saw a 1.9% price increase in the first three months of 2017, continuing the trend of 2016. During the same time, yellow and pink fancy colour diamond

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IDE becomes first diamond bourse to instate ethical code of conduct

The Israel Diamond Exchange (IDE) has become the first diamond bourse to initiate an ethical code of conduct. The code, which took over two years to complete, requires IDE members to conduct their business interactions according to the principles of accountability, trust, fairness, integrity, expertise, tradition, industriousness, mutual responsibility and respect for others. The ethical

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IDE appoints retired judge to rule large arbitration cases

In a significant departure from its 80-year tradition, the Israel Diamond Exchange (IDE) has announced that its hallowed Arbitration Institution will now be headed by a retired District Court judge, instead of a fellow bourse member. Financial disputes between members totaling $400,000 and above, as well as appeals on smaller disputes, will be brought before

epa03948242 (FILE) A file picture dated 24 October 2013 shows a model wearing the Pink Star diamond at Sotheby's auction house in London, Britain. The Pink Star, a 59.60 carat vivid pink diamond, is considered the most valuable diamond ever to be offered at auction. The jewel is expected to fetch USD 60 million at auction in Geneva on 13 November.  EPA/ANDY RAIN

Pink Star becomes most expensive gemstone sold at auction

At last night’s Magnificent Jewels and Jadeite Sale in Hong Kong Sotheby’s set a new world auction record for any gemstone at auction as the Pink Star sold for more than $71m (£57m). After five minutes of bidding the 59.60ct oval mixed-cut fancy vivid pink, internally flawless diamond, was acquired by renowned Hong Kong jeweller

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