These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
13-Carat Pink Is Gem Diamonds’ First Big Recovery of 2019
The unearthing of the high-quality Type I rough pink diamond follows a record-setting year for the miner.
London—Gem Diamonds is starting the year with the recovery of some nice pink ice.
The diamond miner announced earlier this month that it recovered a high-quality 13.33-carat Type I pink diamond, pictured here, from the Letšeng mine in Lesotho.
Pink diamonds have been selling for premium prices as of late, especially as the auction market drives prices upward. In fact, it was a 4.06-carat pink that achieved Gem Diamonds’ highest per-carat price last year, selling for $64,067 per carat.
The unearthing of the 13.33-carat pink is just the latest in a number of exceptional rough diamond recoveries for Gem Diamonds.
RELATED CONTENT: As Argyle Nears Its End, Prices for Reds and Pinks SoarIn its fourth quarter and full year operational results released Feb. 7, the company said it recovered 15 diamonds weighing more than 100 carats in 2018, setting a record for the miner.
They included the “Lesotho Legend,” a 910-carat rough white diamond found at Letšeng in January 2018 and sold at tender two months later for $40 million, or $43,956 per carat.
Gem Diamonds’ production also was up year-over-year, with total carat recovery increasing 13 percent to 126,875.
During the fourth quarter, the company sold 33,240 carats, up 9 percent from the third quarter.
It sold nine diamonds for more than $1 million each in the period, generating revenue of $14.6 million, with a total of 44 diamonds sold for $1 million-plus each on the year, generating revenue of $137.2 million.
The average price per carat for the year was $2,131, up 10 percent from $1,930 in 2017.
Gem Diamonds acquired the Letšeng mine in mid-2006. The miner also operates the Ghaghoo diamond mine in Botswana, which it took ownership of in May 2007.
The Latest
This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
The month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
The “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
The two ads highlight diamond engagement rings and diamond studs with a straightforward approach.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
In 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
The Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
The location will close by the end of the year due to it being financially unsustainable, GIA said.
The new campaign stars Sterling K. Brown, Hero Fiennes Tiffin, Winnie Harlow, Kyle Kuzma, Arizona Muse, and Iris Law.
One lucky winner will receive a “Lizzie” diamond bracelet.
Samantha Larson has joined the Boston-based retailer.
The Emerging Jewelers Accelerator Program will guide retail jewelry entrepreneurs through an eight-month educational curriculum.
Ten chosen designers will receive mentorship and participate in a design contest for the Tiffany & Co. x CFDA Jewelry Designer Award.
Dana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
The suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
The new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
The Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
The new store features a custom design studio and a bridal salon.
Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
Whether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.
The gala includes a red carpet, music from DJ Renata, an awards program, and “mystery boxes.”
The trade show, in its third year, will take place in late September at the Donald E. Stephens Convention Center in Rosemont, Illinois.