The industry veterans join the podcast to discuss diamond marketing, the FTC Jewelry Guides, and lobbying for lower tariffs.
Lucara Just Unearthed a 549-Carat Diamond in Botswana
Plus, Gem Diamonds digs up a 183-carat rock.

Vancouver—Lucara Diamond Corp. has announced the recovery of an impressive diamond.
The miner unearthed a 549-carat diamond of “exceptional purity” from its fully-owned Karowe mine in Botswana, the company said in a statement.
The stone was recovered from the same ore block of the mine’s south lobe that produced the 1,758-carat Sewelô diamond, the 1,109-carat Lesedi La Rona, and the 813-carat Constellation diamond.
The new find is the fourth-largest diamond to ever be mined at Karowe, and the sixth diamond recovered from the mine in 2020 weighing more than 100 carats.
It was found with the aid of Lucara’s Mega Diamond Recovery XRT circuit, which is meant to catch large diamonds before they risk damage when entering the regular processing plant.
Lucara CEO Eira Thomas said, “Lucara is extremely pleased to be starting off 2020 with the recovery of two, large, high-quality diamonds that builds on the positive momentum generated following the completion of a strong 4th quarter sale in December and the announcement of our ground breaking partnership with Louis Vuitton on the Sewelô in January.”
This week, Gem Diamonds also uncovered some major rocks.
On Tuesday, the diamond miner recovered a Type IIa 183-carat white diamond from Lesotho’s Letšeng mine.
On the same day, it also dug up two more high-quality stones, an 89-carat diamond and 70-carat diamond.
Letšeng is known for producing large, high-quality diamonds, and Gem Diamonds says it is the highest dollar per carat kimberlite diamond mine in the world.
Gem Diamonds owns 70 percent of the mine.
Last year, the miner announced the sale of its Ghaghoo mine in Botswana, which was part of the sale of its entire Botswana operation.
The Latest

Murphy will retire at the end of the year and Alexander, currently the company’s president, will take over at the start of 2027.

The jeweler is encouraging customers who own lookalike rings to come into the store and trade them for credit towards an authentic piece.

Submit your pieces for a chance to win in this year's competition.

The new campaign, “You Are The Occasion,” discourages shoppers from saving their fine jewelry for special occasions only.


One is the driver who allegedly crashed a car into a Sacramento jewelry store in April, striking a 71-year-old employee who later died.

In a new column, Peter Smith posits that people actually enjoy putting together IKEA furniture, and the same is true for engagement rings.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

9lakha Jewelers in Iselin, New Jersey, was the target of a smash-and-grab robbery on Aug. 8.

The jeweler has partnered with 818 Tequila to gift lab-grown diamond studs to a bride-to-be and their bridal party.

The exhibition will feature more than 100 drawings of stained-glass lampshades, windows, and more, many created by women and émigrés.

Marquise-cut diamonds in drop charms are the center of the new collection, reflecting the movement of a dancer in modular styles.

The inaugural Fort Lauderdale Jewelry, Antique, & Object Show will be held from Jan. 28 through Feb. 1, 2027.

The family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.

Amanda Ileana Hernandez is married to Carlos Hernandez, one of two men in prison for the 2024 murder of Michigan jeweler Hussein Murray.

The reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.

Sponsored by American Gem Trade Association

In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.

The 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.

The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Longtime industry executive Beth Miller has taken on the role.

The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.
























