The owners of Staats Jewelers are heading into retirement.
Gem Diamonds Finds Another 100-Plus Carat Diamond
It’s the seventh gem-quality rough over 100 carats to be dug up this year.

London--Right on the heels of the $40 million sale of the 910-carat diamond called “The Lesotho Legend,” Gem Diamonds Ltd. has announced the recovery of its seventh rough diamond weighing more than 100 carats in 2018.
The latest find weighs 169 carats and is a “top white color,” the London-based miner said.
The Type IIA stone was recovered from the Letšeng mine in Lesotho, of which Gem Diamonds Ltd. owns 70 percent, with the Lesotho government owning the remaining 30 percent.
The Letšeng mine is the highest dollar-per-carat kimberlite diamond mine in the world.
So far this year, Gem Diamonds Ltd. recovered a 110-carat and 117-carat stone, each Type IIa, D color.
Then, it discovered “The Lesotho Legend,” followed by the recovery of a 149-carat, Type IIa, D color stone.
A fifth diamond of more than 100 carats wasn’t gem quality, but earlier this week, the miner unearthed a Type IIa diamond weighing 152 carats and said to be of top color.
The Latest

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.


NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.

José Gaztelu has been promoted to the role, which has been vacant since last year.

It has also opened the application period for the Seymour & Evelyn Holtzman Bench Scholarship through June 30.

The company announced the change alongside its Q1 results, which showed that the jewelry brand’s year is off to a shaky start.

The retailer will cut 16 percent of its corporate workforce as part of its plan to exit bankruptcy.

Of the many examples used in the filming of “Le Mans,” this one is believed to have spent the most time on Steve McQueen’s wrist.

Megan Piccione dressed Lauren Wasser in layers of diamond jewelry, making her stand out in a crowd that included celebrities like Beyoncé.

Following decades of association leadership, the “semi-retired” colored gemstone expert is turning his focus to gemstone education.

The museum’s new exhibition will feature one of Jesse Owen’s Olympic medals, Yogi Berra’s crown, Super Bowl rings, and more.

The new program provides access to media exposure and editorial opportunities for exhibitors and retailers.

The “Eclipse” jewelry collection captures the fleeting moment where light and shadow align though onyx, diamonds, and freshwater pearls.

Buying discipline at trade shows starts with clarity about your inventory levels, Smith writes.

Lazaro Rodriguez Vega was murdered inside Cash Out Gold and Silver in Fort Pierce. A 20-year-old man has been charged in the case.

A portion of every engagement ring sold in its Austin showroom will support the care and preservation of Austin’s wildflowers and green spaces.

Their partnership combines Gemist’s customization technology with Saban Onyx’s U.S.-based manufacturing capabilities.

Respondents were concerned about the Middle East conflict and how it will impact their finances.























