CrimeDec 24, 2025
LA Jewelry District Couple Pleads Guilty to Hiding Millions from IRSThe couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
EditorsJan 19, 2017
The Biggest Diamond in Washington
It weighs nearly 188 carats and it’s not on Melania Trump’s hand. Our Editor-in-Chief reports from the nation’s capital.
The Foxfire Diamond, pictured here in the display case it will occupy for another month in Washington, D.C., is the largest known rough gem-quality diamond ever mined in North America. It was found at the Diavik Diamond Mine in Canada in August 2015. (Photo credit: Clay Blackmore)
As I write this, I am on an Amtrak train bouncing, tilting and clattering its way to Washington, D.C., where I have been invited to the inauguration as a personal guest of our 45th president, Donald J. Trump.
Just kidding.
I am actually going to speak at the D.C. chapter of the GIA alumni association tonight at a Holiday Inn in Arlington, Virginia, giving the PowerPoint version of the blog post I recently wrote on my retail prognostications for the year.
Since I am on my way to our nation’s capital, however, I feel like it’s a good time to catch readers up on my last trip to D.C. As they say, there’s no better time than the present to finish a story you should have written two months ago.
Back in November, I was invited to the Smithsonian’s National Museum of Natural History for a dinner welcoming the 187.63-carat Foxfire Diamond as a temporary resident of the museum’s Harry Winston Gallery, which is also home to the 45.52-carat Hope Diamond.
Discovered at Canada’s Diavik Diamond Mine in August 2015, the Foxfire is the biggest diamond ever known to be found in North America.
Rio Tinto, which owns a 60 percent stake in Diavik, had the diamond in New York back in May and I got my little, grubby, never-polished fingers on it then. The following month, the stone went up for auction and Deepak Sheth of Amadena Investments/Excellent Facets Inc. placed the winning-but-never-disclosed bid for the diamond.
As I reported in November, Sheth has opted to keep the diamond in its rough state for now, lending it first to the Smithsonian and very kindly inviting me to the above-mentioned dinner welcoming the stone.
Held after hours in the gallery itself, the event presented the perfect opportunity for a private, albeit self-guided, tour of the two rooms that house the museum’s mineral collection.
It also gave me the chance to meet Sheth and Jeffrey Post, geologist, chair of the museum’s Mineral Sciences department and the curator-in-charge of the museum’s mineral collection.
and took its name from the aboriginal description of the Northern Lights as resembling a “brush of undulating fox tails.”
Post spoke to the crowd on two separate occasions that evening, first addressing why he’s excited to have (and why it may be difficult to separate from) the diamond in the museum’s collection, and then talking a little bit more about the scientific properties of this special stone.
The Foxfire, he said, has strong fluorescence; he compared the shade of blue it turns when under UV light to blue glacier ice. It also exhibits bright-orange phosphorescence when the light is turned off that fades away slowly.
“We’ve never actually seen it stop. We just finally get tired and walk away from the diamond,” he joked.
Post--who, admittedly, has not seen a ton of diamonds in his lifetime but has examined some extraordinary stones--said he’s never seen a diamond that fluoresces so blue and then phosphoresces so orange. They are studying the Foxfire while they have it to get a better idea of what it means and “really, what’s going on inside this diamond.”
He also remarked on how this big rough diamond fits into the museum’s mission of educating and creating an experience for its visitors, saying, “How often do any of us get to see a large diamond that’s been found and mined anywhere in the world, and the public--never. This is a once-in-a-lifetime opportunity for most of our visitors.”
Listening back to my recording of that evening’s remarks, I was reminded of what Larry West told me when I was interviewing him about his company’s natural colored diamonds that are now on display in Los Angeles: The general public does not get to see these types of stones very often, which is something that you tend to forget when you work around jewelry every day.
Yes, people can walk through jewelry stores and see showcases filled with row after row of 1-carat diamonds but it’s not very often, if ever, that they get to see truly rare and wonderful stones, like West’s colored diamonds or a big diamonds in it rough form like the Foxfire.
The Foxfire Diamond will remain on display at the Smithsonian, housed in a glass case just feet from the Hope, until Feb 16. After that, Sheth plans to take it on a “world journey” to share it with other admirers.
We’ll let you know where it’s headed.
Post spoke to the crowd on two separate occasions that evening, first addressing why he’s excited to have (and why it may be difficult to separate from) the diamond in the museum’s collection, and then talking a little bit more about the scientific properties of this special stone.
The Foxfire, he said, has strong fluorescence; he compared the shade of blue it turns when under UV light to blue glacier ice. It also exhibits bright-orange phosphorescence when the light is turned off that fades away slowly.
“We’ve never actually seen it stop. We just finally get tired and walk away from the diamond,” he joked.
Post--who, admittedly, has not seen a ton of diamonds in his lifetime but has examined some extraordinary stones--said he’s never seen a diamond that fluoresces so blue and then phosphoresces so orange. They are studying the Foxfire while they have it to get a better idea of what it means and “really, what’s going on inside this diamond.”
He also remarked on how this big rough diamond fits into the museum’s mission of educating and creating an experience for its visitors, saying, “How often do any of us get to see a large diamond that’s been found and mined anywhere in the world, and the public--never. This is a once-in-a-lifetime opportunity for most of our visitors.”
Listening back to my recording of that evening’s remarks, I was reminded of what Larry West told me when I was interviewing him about his company’s natural colored diamonds that are now on display in Los Angeles: The general public does not get to see these types of stones very often, which is something that you tend to forget when you work around jewelry every day.
Yes, people can walk through jewelry stores and see showcases filled with row after row of 1-carat diamonds but it’s not very often, if ever, that they get to see truly rare and wonderful stones, like West’s colored diamonds or a big diamonds in it rough form like the Foxfire.
The Foxfire Diamond will remain on display at the Smithsonian, housed in a glass case just feet from the Hope, until Feb 16. After that, Sheth plans to take it on a “world journey” to share it with other admirers.
We’ll let you know where it’s headed.
More on Editors
The Latest
SurveysDec 24, 2025
Consumer Confidence Falls Again in DecemberConsumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.
AuctionsDec 24, 2025
Bonhams to Open New U.S. Flagship in NYCIn February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
Events & AwardsDec 24, 2025
NYC Jewelry, Antique, & Object Show Announces Winter EventThe new show will take place Jan. 23-25, 2026.
Weekly QuizDec 23, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingDec 23, 2025
Mining Titan Brian Gilbertson Dies at 82The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.
Events & AwardsDec 23, 2025
Bulgari Reimagines Costume Designers Guild AwardThe LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
MajorsDec 23, 2025
Kering to Acquire Stake in Raselli Franco GroupThe luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.
MajorsDec 23, 2025
For Future Reference Vintage Enters Bloomingdale’sThe company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.
CrimeDec 22, 2025
Customs Seizes Hundreds of Fake Rolex, Cartier WatchesIn the recent multi-shipment seizure, CBP also found counterfeit Audemars Piguet, Moncler, and Chrome Hearts items.
Recorded WebinarsDec 22, 2025
2025 Jewelry Rewind: Looking Back on an Eventful Year Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.
MajorsDec 19, 2025
MadaLuxe Group Acquires Ippolita The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.
MajorsDec 19, 2025
LVMH Names New Bulgari CEOLaura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.
AuctionsDec 19, 2025
Jean Schlumberger’s ‘African Cat’ Is Purr-Fection Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.
AuctionsDec 18, 2025
Audemars Piguet Reclaims Historic Pocket Watch at AuctionIt purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.
Lab-GrownDec 18, 2025
Kira Jewels Debuts Custom Lab-Grown Diamond Jewelry ServiceThe lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.
EditorsDec 18, 2025
Terry Chandler Looks Back on 40 Years of Opportunity, Change, and FriendsChandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.
WatchesDec 18, 2025
Bob’s Watches to Open Store in New York’s JFK AirportThe boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.
Supplier BulletinDec 18, 2025
Cell Jammers Are Targeting Your Business. Here's How to Beat ThemSponsored by Digital Monitoring Products
CrimeDec 17, 2025
Man Pleads Not Guilty to Swallowing Fabergé PendantThe special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.
EditorsDec 17, 2025
2025 Jewelry Rewind: The Best Piece of the Week PicksAssociate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.
CollectionsDec 17, 2025
Lucy Hale Stars in Jacquie Aiche’s Holiday CampaignThe “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.
GradingDec 17, 2025
SSEF Announces 2025 Scholarship WinnersTwo awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.
MajorsDec 16, 2025
Pandora’s New CEO Will Step Up EarlyBerta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.
AuctionsDec 16, 2025
Suzanne Belperron, JAR Shine in Sotheby’s First Auctions at New HQSotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.
Events & AwardsDec 16, 2025
TJS Now Accepting Scholarship Applications for 2026Winners will receive free registration and lodging for its fourth annual event in Detroit.
