Diamonds & Gems
![A lab-grown diamond necklace created by Smiling Rocks sold for $122,000 at the Ormeley Dinner fundraiser in London last week. Smiling Rocks Haute Couture Dream Necklace](https://uploads.nationaljeweler.com/uploads/32d3a86c0e1e3020b2be87a1f14bbfef.jpg)
The piece, created by Smiling Rocks, was the top lot at the recent Ormeley Dinner.
Latest in Diamonds & Gems
![More than 170 specimens, including the quartz sandstone concretion pictured above, will be on display in its upgraded Minerals, Earth, and Space halls, the museum said. Yale Peabody Museum quartz sandstone concretion](https://uploads.nationaljeweler.com/uploads/3b2c3bce5d55e998841f06a878c85534.jpg)
The Connecticut museum will unveil the newly renovated galleries on July 9.
Lauren Freeman, a Ph.D. with more than 25 years of experience in mining, has joined the company.
![SRK Exports’ policies will focus on human rights, environmental stewardship, labor standards, and more, said the diamond supplier. Shree Ramkrishna Exports Logo](https://uploads.nationaljeweler.com/uploads/df967b19be4f63c604481e792bf13697.jpg)
As a member of UNGC, the diamond supplier pledges to implement sustainable and socially responsible policies.
![IGI BTYB National Jeweler Imagery-01.jpg](https://uploads.nationaljeweler.com/uploads/35d7374176c5c5efe26fa75fe449b136.jpg)
IGI can surpass your expectations when it comes to elevating your brand, protecting your business, training staff and more.
![Dev Shetty has stepped down as CEO of Fura Gems. The former Gemfields executive joined the company in 2017. Former Fura Gems CEO Dev Shetty](https://uploads.nationaljeweler.com/uploads/11d061e6bf1c406d95cd759af852bcae.jpg)
He’s leaving the colored gemstone miner to pursue other opportunities, the company said Friday.
![](https://uploads.nationaljeweler.com/uploads/99a46b30cc354962ac2e29ecd113587a.jpg)
![Rough diamonds from De Beers’ Gahcho Kue diamond mine in Canada. The company’s most recent round of rough diamond sales brought in $315 million, down by double-digits both year-over-year and cycle-to-cycle. (©De Beers Group/Photo credit: Ben Perry @ Armoury Films) Stock image of rough diamonds from De Beers Gahcho Kue diamond mine](https://uploads.nationaljeweler.com/uploads/e323e78dbd5f06073d9f83e4ad1a03d8.jpg)
The company sold $315 million in rough in the fifth sales cycle of the year, down from $456 million in the same period last year.
![Lucapa’s decision to shed its stake in the Mothae Diamond Mine in Lesotho is part of a strategy to streamline its portfolio and focus on developing assets in Angola and Australia. Lesotho Mothae mine](https://uploads.nationaljeweler.com/uploads/6493a245184a52250451ae82fa303018.jpg)
The Australian miner has signed over its 70 percent share in the diamond deposit to Lesotho company Lephema Executive Transport.
![Untitled design.jpg](https://uploads.nationaljeweler.com/uploads/583fbcb2bb839782810080debef35d3c.jpg)
As the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.
![Miriam Kamau Caplan is the new vice president of Evan Caplan Company. (Photo courtesy of Mimo Gem Traders’ website) Miriam Kamau Caplan](https://uploads.nationaljeweler.com/uploads/459410f744e3479f5943c84054423efc.jpg)
The founder of Mimo Gem Traders is the newest executive at Evan Caplan Company.
![Gemfields latest mixed-quality ruby auction brought in $68.7 million.
Gemfields ruby](https://uploads.nationaljeweler.com/uploads/765fc07e36b68ece84363ed613919fe4.jpg)
The sale marks the miner’s 10th anniversary of its first auction of rubies from the Montepuez Ruby Mine in Mozambique.
![Julius Klein Diamonds has announced a five-year partnership with the Women’s Jewelry Association to offer the Ella Klein Internship to WJA members. Ella Klein internship](https://uploads.nationaljeweler.com/uploads/a475eb85c5c987a070cb62c34bc47d33.jpg)
The Ella Klein Internship will take place in New York this summer.
![Helen Molesworth’s new book, “Precious: The History and Mystery of Gems Across Time,” is a blend of gemology, history, pop culture, and her own story. Precious: The History and Mystery of Gems Across Time](https://uploads.nationaljeweler.com/uploads/afe2a606e2edce304049111d98eb4258.jpg)
“Precious: The History and Mystery of Gems Across Time” will be available on Sept. 17.
![Bernd Munsteiner, the gem cutter renowned for developing the fantasy cut, died on June 6 surrounded by his family in Stipshausen, Germany. Bernd Munsteiner](https://uploads.nationaljeweler.com/uploads/cd76e22e7e091a0ec8a1f78f9b5e1dd4.jpg)
Known to many as the “Picasso of gems" who modernized the gem cutting field, he is remembered by his family as going through life with open eyes.
![A 1.18-carat marquise “Forever One” moissanite three-stone ring in 14-karat yellow gold by Charles & Colvard. The company has teamed up with the International Gemological Institute to provide grading reports for its moissanite. Charles & Colvard moissanite ring](https://uploads.nationaljeweler.com/uploads/762f0c7c7cb4e5c6ce686d049bfd7744.jpg)
The partnership follows the launch of the jewelry company’s B2B moissanite platform.
![Bruce Cleaver, who led De Beers from 2016 until 2023, has joined Gemfields’ board as chair, effective July 1. Bruce Cleaver](https://uploads.nationaljeweler.com/uploads/32eb279b9de0116009abeedee8977a23.jpg)
The former De Beers CEO will step into the role next month.
![Rose-cut cabochon Montana sapphires from Columbia Gem House. In her State of the Majors story, Associate Editor Lauren McLemore highlights non-traditional gemstone cuts and other trends shaping the colored gemstone market. Rose cut arch cabochons Columbia Gem House](https://uploads.nationaljeweler.com/uploads/468236400e0b6a67638f60d551a46acc.jpg)
As prices of “The Big Three” skyrocket, supply dwindles, and focus on sustainability grows, an age of open-mindedness is dawning.
![Elephants wade in Botswana’s Okavango Delta in the early morning. Ecotourism in the Delta is one area in which government officials see potential for job growth and revenue generation. (Photo by Chris Boyes/National Geographic Okavango Wilderness Project) Elephants wading in the Okavango Delta in Botswana](https://uploads.nationaljeweler.com/uploads/c1cb4f91dc45fd9141a41f942a87b1d4.jpg)
From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy.
![The Natural Diamond Council’s new “Real. Rare. Responsible” campaign starring actress and NDC ambassador Lily James (“Cinderella,” “Downton Abbey”) was shot in Canada’s Northwest Territories, where the Northern Lights are visible more than half the year. (Photo courtesy of the Natural Diamond Council) Actress Lily James with a rough diamond and the Northern Lights](https://uploads.nationaljeweler.com/uploads/b7b93e1b15d468ef35e360cefae916ef.jpg)
Shot in Canada’s Northwest Territories in winter, the campaign features actress and NDC ambassador Lily James and the Northern Lights.
![Gemfields reported strong results at its recent emerald auction, including a new record price-per-carat average. Gemfields rough emerald](https://uploads.nationaljeweler.com/uploads/de58761c130b692fcf79468c8709ec49.jpg)
Its May sale of gemstones from the Kagem mine in Zambia was strong despite a softening market.
![The exterior of De Beers Group’s diamond factory in Gresham, Oregon. The company announced last week that it is transitioning production at the facility from diamonds for jewelry to diamonds for industrial and technology uses. CEO Al Cook said the exterior of the factory, which currently reads “Lightbox,” will eventually be rebranded. Exterior Lightbox diamond factory Gresham, Oregon](https://uploads.nationaljeweler.com/uploads/3dc17575a2a3b534b61600d251057ce7.jpg)
The company is pivoting production at its factory in Oregon to industrial diamonds, while the future of Lightbox remains unclear.
![De Beers Group CEO Al Cook (left) and Signet Jewelers CEO Gina Drosos met in Botswana earlier this year. Their companies are teaming up on a new natural diamond marketing campaign set to launch in Q3. De Beers CEO Al Cook and Signet Jewelers CEO Gina Drosos](https://uploads.nationaljeweler.com/uploads/e3c98eda70edb8f7f6dab8f8a7039c25.jpg)
The two industry giants are working together on a new marketing campaign.
![De Beers Group’s latest round of rough diamond sales totaled $380 million, down 21 percent year-over-year. The company expects natural diamond sales to remain challenging in the near future but anticipates an uptick in engagements in the coming years. (©De Beers Group/Photo credit: Ben Perry @ Armoury Films) Stock image of a diamond engagement ring](https://uploads.nationaljeweler.com/uploads/8095725f21e3c25f478154b7f55085d8.jpg)
The company sold $380 million in rough diamonds, compared with $479 million in the same period last year.
![From left to right, Nivoda CFO Bas Lustenhouwer, CPO James Morgan, co-founder and CEO David Sutton, and co-founder and COO Andre Woons. The tech company raised $30 million in a recent round of Series B funding. Nivoda executive team at table](https://uploads.nationaljeweler.com/uploads/37aa318356e5778cb35a4257c72d0313.jpg)
Nivoda and Liquid Diamonds both have big plans for the new capital.
![Anglo American plc confirmed Tuesday that diamond mining company De Beers will be “divested or demerged” as part of a broader restructuring designed to simplify its portfolio. Rough diamonds from De Beers](https://uploads.nationaljeweler.com/uploads/6c79b5a0fbaa0238811aa2585ba402fa.jpg)
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
![Miner Lucapa Diamond Co. is looking to sell its 70 percent stake in the Mothae Diamond Mine in Lesotho, a small, landlocked kingdom encircled by South Africa. Mothae Diamond Mine Lesotho](https://uploads.nationaljeweler.com/uploads/7482d48f6d1e86b17ae2975fd352c388.jpg)
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
![The trifold brochure includes a detailed item description, diamond and gemstone grading scales, diamond plots, and up to four high-resolution images, said the company. There is also a format for timepiece appraisals. Instappraise Trifold Brochure](https://uploads.nationaljeweler.com/uploads/ffb3fb6affb072470de57804c75c94dd.jpg)
Retailers can customize and print the appraisal brochures from their store.
![Lightbox, the lab-grown diamond brand De Beers Group launched in 2018 with an $800 per carat pricing structure, is now selling its diamonds for as low as $500 a carat. Pictured is a selection of loose fancy-cut lab-grown Lightbox diamonds. White, pink, and blue lab-grown diamonds from Lightbox](https://uploads.nationaljeweler.com/uploads/a48b90c837455424f3a463df9d16971a.jpg)
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
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