SourcingSep 22, 2022
First Diamond Recovered From Burgundy’s Ellendale Restart SourcingOct 04, 2022
Canadian Diamond Mines Yield 2 Sizable Yellows
Arctic Canadian unearthed a 71-carat yellow diamond, while Mountain Province reported discovering a nearly 152-carat stone at Gahcho Kué.
The “Misery Pipe” at Arctic Canadian Diamond Company’s Ekati Mine was the source of this 71.26-carat diamond, which the mining company described as “unique for its vivid yellow color, size, perfect octahedral form and exceptional clarity.” (Photo courtesy of Arctic Canadian Diamond Company)
New York—Two mining companies recently recovered big yellow rough diamonds in Canada, including one stone that could be the country’s largest known fancy vivid yellow.
Arctic Canadian Diamond Company announced last month that on Aug. 25, it recovered a 71.26-carat octahedron from the “Misery Pipe” at the Ekati Mine in the Northwest Territories, a pipe known for producing yellow diamonds.
Industry experts have confirmed it is likely the largest fancy vivid yellow gemstone ever discovered in Canada, the company said.
The largest diamond ever found in Canada—or in all of North America, for that matter—was a yellow stone weighing nearly 553 carats.
It was unearthed in October 2018 at the Diavik Diamond Mine, which is less than 20 miles from Ekati, but is not a fancy vivid yellow, Arctic Canadian noted.
(Ekati also yielded the 187.8-carat “Foxfire” diamond, which was cut and polished into two stones weighing 37.87 and 36.8 carats, neither of which are fancy vivid yellow either.)
Commenting on the discovery of the 71-carat yellow, Arctic Canadian President and CEO Rory Moore said, “This historic fancy vivid yellow gemstone continues to showcase Canada as a major player on the world stage for diamond mining … This stone is a testament to Ekati’s ability to deliver value now and into the future.”
The company said it will put the stone up for sale eventually, though it is still determining exactly when and how.
Mountain Province Diamonds announced the recovery of this 151.6-carat rough yellow diamond from the Gahcho Kué mine on Aug. 31. It operates Gahcho Kué in partnership with De Beers Canada. (Photo courtesy of Mountain Province Diamonds Inc.)
The other big, recent yellow diamond find came from the Gahcho Kué Mine, owned and operated by Mountain Province Diamonds Inc. and De Beers Canada.
Mountain Province said on Aug. 31 that it had recovered a 151.60-carat octahedron of “exceptional” clarity and color, though the mining company did not specify the stone’s exact color grade.
“This important diamond represents a clear example of the Gahcho Kué Mine’s ability to consistently recover high-quality gems of exceptionally large size,” said Reid Mackie, Mountain Province’s vice president of diamond marketing.
“These gems are highly coveted by collectors around the globe not only for their beauty but increasingly, for their Canadian origin.”
The 152-carat yellow diamond was set to go up for sale at Bonas Group’s office in Antwerp in September alongside more than 90 other rough diamonds from Gahcho Kué weighing 10.8 carats or more.
Information on the results of the sale was not available as of press time.
More on Sourcing
The Latest
WatchesSep 21, 2023
Timex Wants Your Old WatchThe company just rolled out “Timex Rewound,” a new takeback and resale program.
GradingSep 21, 2023
Retailers Warned About Fraudulent Email Purportedly From GIA The lab confirmed it did not send the message.
AuctionsSep 21, 2023
Hindman Appoints New SVP, Director of Jewelry and WatchesReginald Brack has worked at StockX and Christie’s.
Brought to you by
Top 5 Ways to Promote Safety and Security Awareness Among Your StaffAwareness is essential to proactive protection. Learn how to promote and maintain safety and security awareness in your business.
MajorsSep 21, 2023
Artistry’s 2024 Catalog Has ShippedIt features colored gemstone, pearl, diamond, gold, and sterling silver jewelry styles.
Weekly QuizSep 15, 2023
This Week’s QuizTest your jewelry news knowledge with this short test.
Lab-GrownSep 20, 2023
Lab-Grown Diamond Outlook: Price Declines Aren’t a Deterrent Some Indian manufacturers think the potential in this young, evolving market outweighs current price concerns.
SourcingSep 20, 2023
New Surat Diamond Bourse To Be World’s Largest Office Complex The massive space spans 7.1 million square feet with more than 4,000 offices and 131 elevators.
Brought to you by
A Conversation with Dialog SolutionsDo you always want the right diamonds at the right price in your store? Introducing Dialog, the world’s first diamond subscription service.
Policies & IssuesSep 20, 2023
Creating a Brighter Future for the Differently Abled GIA is among the supporters of a new school building for children with special needs.
SurveysSep 20, 2023
Why Bain and Deloitte Think Sales Will Grow This Holiday SeasonFrom holiday spending to inflation’s impact, here’s what analysts are forecasting for the season.
MajorsSep 20, 2023
Tiffany Collabs With Fellow LVMH-Owned Rimowa The jeweler and luxury luggage company have teamed up on jewelry cases and a suitcase.
GradingSep 20, 2023
Navneet Gems Introduces Portrait-Cut RubiesThe geometric collection is on view now at the Jewellery & Gem World Hong Kong Show.
AuctionsSep 19, 2023
‘Bleu Royal’ Diamond to Fetch $35M-$50M at Auction The 17.61-carat stone leads Christie’s “Magnificent Jewels” sale in Geneva this November.
CrimeSep 19, 2023
Man Sentenced to 6 Years in Prison Following Bear Spray RobberyThe suspect used bear spray to subdue employees and bystanders then stole $800,000 worth of jewelry.
GradingSep 19, 2023
Fuli Gemstones Unveils New Peridot CutThe ‘Fuli Cut’ is based on an antique cushion.
MajorsSep 19, 2023
Norwegian Man Uncovers Ancient Jewels with Metal DetectorThe jewels, including gold rings and pendants, are said to be from 500 A.D.
Policies & IssuesSep 18, 2023
Grib Diamonds Among Companies Named in Latest Round of SanctionsGrib is the Belgium-based subsidiary of Russian company JSC AGD Diamonds, which also was sanctioned.
SourcingSep 18, 2023
Greenland Ruby Update Confirms Operational Suspension, LayoffsThe company anticipates resuming exploration and mining operations and rehiring staff in 2025.
Events & AwardsSep 18, 2023
New York City Jewelry & Watch Show Announces 2023 Exhibitors The antique and vintage jewelry and watch selling event is scheduled for Oct. 26-29.
AuctionsSep 15, 2023
Men’s Jewelry Takes the Spotlight in Sotheby’s Selling Exhibition Frank Everett curated “For the Boys: A Jewelry Exhibition,” opening in New York City in September.
SourcingSep 15, 2023
‘A Diamond Is Forever’ Is Back Again, Backed by $20M De Beers is putting the emphasis on natural diamonds in Q4 and ending Lightbox’s lab-grown diamond engagement ring test run.
TrendsSep 15, 2023
Piece of the Week: Lindsey Scoggins’ Transformable EarringsThe brand-new style can be worn three ways.
TechnologySep 14, 2023
EBay Is Diving Deeper Into the Pre-Owned Pool The tech company is launching a consignment service for sellers of luxury fashion goods, starting with handbags.
MajorsSep 14, 2023
Kendra Scott Heads to Target With prices starting at $15, the Kendra Scott at Target collection launches next month.
Policies & IssuesSep 14, 2023
The JCK Industry Fund Is Accepting 2024 Grant Applications The fund provides grants to organizations that better the jewelry industry.
MajorsSep 14, 2023
CD Peacock To Offer Jewelry Insurance Through ZillionThe Chicago retailer will now offer in-store customers instant quotes and coverage.
MajorsSep 13, 2023
American Exchange Group Acquires DanecraftThe accessories conglomerate is expanding its reach in the jewelry industry.
