The high-end jewelry retailer was sold to private investment firm Middle West Partners and a group of longtime clients.
A 187-Carat Canadian Diamond Goes to Washington
The Diavik Foxfire was mined in Canada and will be on display at the Smithsonian through February.

Washington, D.C.--The largest diamond ever found in North America is making its way to Washington, D.C.
The 187.7-carat Foxfire diamond, mined in Canada, will be on display at the Smithsonian’s National Museum of Natural History beginning Nov. 17 through Feb. 16, 2017.
The museum said it will put the rough stone on display in the Harry Winston Gallery alongside another well-known gemstone, the 45.52-carat deep blue Hope Diamond.
In a news release, Jeffrey Post, curator of the museum’s National Gem and Mineral Collection, called the Foxfire “one of the great treasures of the Earth,” and noted that its display will give visitors the chance to see the big diamond in its rough state.
Rio Tinto unearthed the Foxfire in August 2015 at its Diavik Diamond Mine, which is located about 130 miles from the Arctic Circle in Canada’s Northwest Territories. The stone took its name from the aboriginal description of the Northern Lights as resembling a “brush of undulating fox tails.”
This is not the diamond’s first trip into the United States. Back in May, Rio Tinto brought it across the border, holding a private viewing of the stone in New York City.
In June, Deepak Sheth of Amadena Investments/Excellent Facets Inc. placed the winning bid in an international auction for the stone. The purchase price for the Foxfire was not disclosed.
Amadena is a diamond trading, cutting and polishing firm based in New York that is also a Rio Tinto Select Diamantaire.
Sheth has opted to keep it in its rough state thus far.
He said, “Having North America’s largest known uncut, gem-quality diamond on display at the Smithsonian is a testament to the rarity of the Foxfire diamond.
It also represents another significant chapter in the diamond’s remarkable story.”
The Smithsonian’s National Museum of Natural History is open daily from 10 a.m. to 5:30 p.m., closing only on Dec. 25. Admission is free.
The Latest

The jewelry designer has partnered with Sofer Jewelry to distribute her 85-piece lab-grown diamond collection.

Dunn, this year’s Single-Store Independent inductee, is passionate about innovation and telling the story of natural diamonds.

Experience gemstones with greater precision and comfort than ever before.

The 24-carat fancy intense pink diamond ring could fetch up to $18 million at the November sale.


The “Island Jewel” candle honors New York City and Puerto Rico and raises money for the island’s water relief efforts.
The partnership will give JA members access to preferred pricing, exclusive benefits, technology solutions, education, and resources.

Submit your pieces for a chance to win in this year's competition.

Stores should expect to see the most customers on Nov. 27, and Christmas week is expected to be hectic too, as Dec. 25 falls on a Friday.

The charm, our Piece of the Week, features brown diamond frozen hot chocolate topped with white diamond whipped cream and a ruby straw.

The top lot of Elmwood’s recent fine jewelry sale in London was a 1.84-carat, D color Tiffany & Co. solitaire diamond ring.

The watch company agreed to sell a 95 percent interest to a group comprised of F.P. Journe, Chanel, and Swiss watch exec Pierre Jacques.

This round of tariff refunds is for importers that have sued over IEEPA tariffs in the Court of International Trade and won.

It revisits the brand’s most requested silhouettes, from "Pillow"-set necklaces and bracelets to "Signature"-set rings and earrings.

Ara Chanakian, a jeweler at Pattons, took home top honors in every category at Jewelers of Louisiana’s annual jewelry design competition.

The live charity benefit sale in Nashville will also feature gowns, boots, and other memorabilia from the country music legend.

Sponsored by Overnight Mountings

The supplier organization recently joined JA and JVC to have more input on political issues affecting the jewelry industry.

Blue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.

“Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.

As part of the transition, Joseph Nicosia has stepped into the role of COO.

The alleged thieves used crow bars and sledgehammers to smash into jewelry stores across the state.

Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.

In the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.

FGI President John Orrico is also leaving the company after more than 13 years.

The 2026 edition will feature presentations on alternative materials and design trends, as well as pop-up activations on the show floor.

It is the last fully operational diamond mine in Canada following the recent closures of Ekati and Diavik.





















