Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.
Botswana’s Karowe Mine Yields Another Huge Stone
It weighs 1,758 carats and is described as being “near-gem of variable quality.”

Discovered over Easter weekend, the huge stone is still being analyzed, but Lucara described it as being “near-gem of variable quality,” meaning it is an industrial diamond with sections that could produce gem-quality stones.
The 1,758-carater is one of largest rough diamonds recovered in recent history, and the second 1,000-carat-plus stone recovered from Karowe since 2015.
The largest known gem-quality diamond in history is the Cullinan, which was found in South Africa in 1905.
There has been a larger stone recovered than the Cullinan—the 3,167-carat carbonado diamond dubbed the “Carbonado do Sergio” discovered in Brazil in 1895. Carbonado diamonds are industrial-quality stones that are opaque and believed to be found only in Brazil and the Central African Republic, Stephen E. Haggerty, a research professor at Florida International University in Miami, wrote in the summer 2017 issue of GIA’s Gems & Gemology.

Lucara recovered the huge stone using XRT (X-ray transmission) technology from Tomra Sorting Solutions, which designs and manufactures sorting equipment for the mining, food and recycling industries.
In the past, many large rough diamonds were crushed during recovery because De Beers, the main diamond miner at that time, did not have the technology to detect them and, to an extent, did not care, Gemological Institute of America Senior Analyst Russ Shor wrote in a 2016 research article.
Making money in diamond mining was about speed, he wrote, with the per-carat price differential between large (above 10 carats) and small diamonds not enough to make it worth De Beers’ while to retool its processing.
(De Beers actually was the company that discovered the kimberlite pipe at Karowe in 1969 but never commercially mined the deposit. It sold its final stake in the site to Lucara in 2010.)
RELATED CONTENT: Graff Cut This 302-Carat Diamond from Lesedi La Rona
Today, large diamonds fetch huge sums on the global market so miners are putting time and money into technology that spares them.
Tomra’s XRT is sensor-based bulk sorting that can pick out the diamonds even if they are coated, low-luminescent or Type II, the company says.
Lucara implemented XRT at Karowe in 2015 and, since that time, it said it has recovered 12 diamonds weighing 300 carats or more. Half of those dozen diamonds have been gem quality and sold for a total of more than $158 million.
This includes the 1,109-carat Lesedi La Rona, which turned up in fall 2015.
Lucara expects to keep finding large, high-quality diamonds at Karowe, noting: “Each deposit has a characteristic size distribution of diamonds … The vast majority of diamond mines have ‘fine’ distributions and host [very] few large/coarse diamonds, regardless of grade. The Karowe mine has a very coarse distribution of large diamonds, up to 5 times the world average.”
The Latest

The new store in the upscale Iguatemi São Paulo mall is the storied brand’s first flagship in Brazil.

The pieces span from the Art Deco period to the 1970s and will go up for auction at the Paris Jewels sale later this month.

The Grammy-winning singer-songwriter, who is set to perform at Coachella this month, also debuted a curated selection from the brand.


GIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.

The introductions include the Land-Dweller, Rolex’s first new model since 2012, as well as several new dials for its classic timepieces.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

Cowlishaw earned a degree in horology after serving in World War II, working at one of the first Zales stores in Tulsa, Oklahoma.

Bonhams will offer the “Kat Florence Lumina” at its May 22 jewelry auction.

In March 2022, the men went into a jewelry store in Beverly Hills and smashed the display cases with sledgehammers and crowbars.

The 51 unique watches from Sotheby’s three-day sale and immersive exhibition all found buyers, with the top lot selling for $229,955.

The company has acquired Australian jewelry insurance provider Jewellers Loop.

Beau Lotto’s immersive presentation will be a blend of neuroscience, art, and entertainment.

A pink topaz Belle Époque pendant-brooch and a Victorian Egyptian Revival choker were also highlights at a recent Anderson & Garland sale.

The charm is a celebration of springtime as April showers bring May flowers with the piece’s cluster of diamond raindrops.

The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.

The 4-carat, old mine brilliant-cut diamond engagement ring was co-designed by Willis and New York City-based brand Karina Noel.

The multisensory experience, open April 8-13, will feature the brand’s silver creations among dream-like scenes of natural landscapes.

The virtual event will take place April 7 at 3 p.m.

The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.

Parent company Saks Global said the iconic location will be open through the holiday season as it decides what to do with the space.

Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.

The educational event will take place in Charlotte, North Carolina, this May.

The independent jeweler first opened its doors in 1888.

The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.