The family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.
Gem Diamonds Finds 6th 100-Carat-Plus Stone This Year
Discovered in Lesotho, the diamond is a Type IIa stone that weighs 115 carats.

London--Mining company Gem Diamonds announced this week it has unearthed another big, high-quality rough diamond from the Letšeng Mine in Lesotho.
The stone is 115 carats and is a D color, Type IIa diamond, meaning it has no measurable nitrogen or boron impurities. Type IIa diamonds are the most chemically pure, and it’s estimated that only about 1 percent of the world’s diamonds are Type IIa.
The announcement, made Tuesday, follows Gem Diamonds’s recovery of five other diamonds weighing more than 100 carats this year at Letšeng, which is known for producing big, valuable diamonds.
The largest of the stones recovered so far this year was a 126-carat D color, Type IIa diamond discovered in July.
Other finds this year include a 104.73-carat diamond in June and a 114-carat diamond in April, both of which also are D color and Type IIa, and a 151.52-carat Type I yellow in June.
Gem Diamonds owns 70 percent of the Letšeng Mine, with the remaining 30 percent held by the Government of the Kingdom of Lesotho.
It also owns 100 percent of the Ghaghoo Mine in Botswana, though production at that mine is currently halted until market conditions improve.
The Latest

Amanda Ileana Hernandez is married to Carlos Hernandez, one of two men in prison for the 2024 murder of Michigan jeweler Hussein Murray.

The reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Sponsored by American Gem Trade Association


In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.

The 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.

The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Longtime industry executive Beth Miller has taken on the role.

The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.

Jamie Cygielman will take on the role on Aug. 24.

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

Sponsored by Stratus Estate Buyers

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.

Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.

Etsy CEO Kruti Patel Goyal explained why the company is letting go more than 200 employees as its performance improves.





















