The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
Lucapa Finds 46-Carat Pink Diamond
It’s the largest colored diamond recovered from the Lulo diamond mine to date.

Lucapa, Angola--Lucapa Diamond Company said the Lulo diamond mine in Angola just yielded its largest gem-quality colored diamond to date.
Lucapa and its partners in the mine announced the recovery of the stone, a 46-carat pink, last week.
While the size of the polished diamond, or diamonds, that result will depend on any inclusions and the shape it ultimately takes, the typical yield for a pink diamond is 45 to 55 percent of the rough weight, meaning this 46-carat rough could produce a natural pink diamond between 21 and 25 carats.
The 46-carat pink tops the 43-carat yellow diamond found in January and the 39-carat pink recovered at the mine last year.
The stone, along with other big diamonds found at Lulo, came from mining block 4. The area is located close to the mine’s treatment plant and is planned for resource delineation, meaning drilling and sampling, this year, Lucapa said.
Western Australia-based Lucapa operates the Lulo Diamond Project in partnership with Endiama, the state-owned diamond mining company, and private firm Rosas & Petalas. It started exploring in Angola and 2008 and began mining in January 2015.
In addition to colored diamonds, Lulo also has yielded a handful of large whites, including a 227-carat and a 404-carat diamond, both of which were Type IIa stones.
The Latest

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.


The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

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

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

Sotheby’s has appointed the former Phillips executive as its global head of private sales and retail in its watches division.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.






















