It is part of Sotheby’s “Royal & Noble Jewels” sale along with an ornate hair ornament and an old mine-cut light pink diamond ring.
New Diamond Foundry Facility To Be Fully Operational by 2020
It is the second production facility for the lab-grown diamond company and is located in Washington state.

Washington—Diamond Foundry is one step closer to the grand opening of its second facility after inking a power supply contract last week.
The San Francisco-based lab-grown diamond company first announced plans for a new “MegaCarat” foundry in Wenatchee, a city in north-central Chelan County in Washington state, on its blog in September 2017.
Known locally as the “Apple Capital of the World,” the Diamond Foundry will have its facility there on three acres in an old packaging plant leased to the company by fifth-generation apple farmers Stemlit Growers.
A Diamond Foundry spokesperson confirmed to National Jeweler Tuesday that production already has begun at the Washington facility but said the recently approved additional hydropower will enable the company to expand.
Last week, Public Utility District commissioners for Chelan County, the county where Wenatchee is located, approved a 10-year power contract with Diamond Foundry, providing up to 19 megawatts of power to the company.
Growing diamonds in a lab is power-intensive, and currently the area doesn’t have the capacity to supply that much power to the plant, so Stemilt Growers has agreed to build a substation, according to the PUD.
PUD officials noted that a substation typically takes 18 months to finish but said the project would be fast-tracked for completion by March 2020.
The facility is expected to be fully operational by then and will bring between 35 and 50 jobs to the Wenatchee area.
Diamond Foundry noted the city’s proximity to a source of hydropower, as it sits at the confluence of the Columbia and Wenatchee rivers.
“The partnership with Chelan P.U.D. and Stemilt has been seamless, and we are looking forward to continuing the Diamond Foundry mission of growing diamonds with net-zero carbon footprint,” Production President Kyle Gazay said in a statement.
Diamond Foundry is certified as carbon neutral by Natural Capital Partners, a London-based environmental consultancy group, meaning it was found to achieve net-zero greenhouse gas emissions.
The Latest

Hill Management Group will oversee, market, and produce next year’s spring show.

One of the individuals was apprehended at the airport as he was trying to flee the country.

From sunlit whites to smoky whiskeys, introduce your clients to extraordinary diamonds in colors as unique as their love.

The retailer, which has faced struggling sales in recent quarters, is looking to streamline its operations.


London-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.

The workshop will give attendees the chance to try out and ask questions about three different diamond verification instruments.

As the holiday season quickly approaches, consider stocking one category that sometimes gets overlooked: earrings.

The footage shows two of the jewelry heist suspects descending from the second floor of the museum and then escaping via scooter.

Founder and designer Rosanna Fiedler looked to a vintage Cartier clutch when designing the sunlight-inspired drop earrings.

The luxury conglomerates faced a challenging Q3 amid geopolitical and economic tensions.

The book details the journey of watches as symbols of hard-earned success in hip-hop for artists like 2Pac, Jay-Z, and more.

Alexis Vourvoulis, who most recently worked at Tiffany & Co., brings more than two decades of jewelry experience to her new role.

The superstar’s August engagement put the stamp of approval on an already hot engagement ring trend.

Retailers should offer classic styles with a twist that are a perfect fit for layered looks, experts say.

The nearly 7-carat fancy vivid purplish pink diamond could sell for around $9 million.

Chief Artistic Officer Nathalie Verdeille has reimagined the iconic design in both figurative and abstract creations.

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.



















