Diamond Stock Articles

J.Lo Wears $340,000 Diamond Necklace

February 12, 24 / John Jeffay

(IDEX Online) - Jennifer Lopez wears a $340,000 diamond pav?(C) necklace in the video for Can't Get Enough, her latest single.The Eka Mia Luca piece is from a collection by the Italian brand Fope. "We are thrilled to announce the integration between Fope and Jennifer Lopez for the new video of her single Can't Get Enough," said Marilisa Cazzola the jeweler's chief marketing off...Read More

Jewelry Raiders Flee after Guard Opens Fire

February 12, 24 / John Jeffay

(IDEX Online) - A security guard opened fire after three masked suspects tried to rob a jewelry store in Fullerton, California, USA.Police say no injuries were reported, the guard was unhurt, and they don't believe anyone was struck by gunfire.The incident happened at Happy Jewelers, at around noon last Wednesday, 7 February. At least three bullet holes were seen nearby, according to the KABC...Read More

Two-Colored Part-Chameleon Diamond is Unique

February 11, 24 / John Jeffay

(IDEX Online) - A diamond exhibiting two distinctly different colors has been described by expert gemologists at GIA as unique.The 0.63-ct tapered baguette-cut natural diamond is part Fancy Dark orangy brown and part Fancy Dark brown greenish yellow. It "demonstrates the variety possible within the natural world," say Mei Yan Lai and Sally Eaton-Magana, authors of an article entitled Rare Nat...Read More

Anglo American "Not Specifically" Considering De Beers Sale

February 11, 24 / John Jeffay

(IDEX Online) - Anglo American says it is keeping an eye on the De Beers' balance sheet, but isn't actively considering a sell-off at present.The company said in its latest production report, published on 8 February, that it was "currently assessing its carrying value of De Beers" - meaning the value of its assets.It acknowledged that De Beers was loss-making in the second half of 2023 (...Read More

World's First Diamond Cricket Bat

February 11, 24 / John Jeffay

(IDEX Online) - It is being billed as the world's first diamond cricket bat.Diamond Tech Company, based in Surat, India, has crafted a natural rough diamond into a 1.04-ct polished stone that is replica of the wooden bat used by cricketers.The diamond's "skin" - found only among natural stones - has deliberately been left intact on the handle and elsewhere, as proof that it is not a lab...Read More

Israel Diamond Exchange Demands Hostage Release

February 08, 24 / John Jeffay

(IDEX Online) - A hostage held by Hamas for 50 days told Israel Diamond Exchange (IDE) of her ordeal at an event calling for an immediate release of the remaining 136 abductees.Danielle Aloni, 45, was kidnapped at gunpoint from her sister's home at Kibbutz Nir Oz, together with her six-year-old daughter, Emilia.She spoke to members of the IDE on Monday at a bourse event organized jointly with...Read More

Botswana Goes Ahead with HB Purchase

February 08, 24 / John Jeffay

(IDEX Online) - The government of Botswana is to go ahead with its purchase of a 24 per cent stake in HB Antwerp.That's according to documents providing details of finance minister Peggy Serame's national 2024/25 budget, presented on Monday (5 February).It will reportedly pay $65m for shares in the company.  Okavango, the the state-owned diamond company, will supply HB with rough di...Read More

BBC Under Fire over Lab Grown TV Show

February 08, 24 / John Jeffay

(IDEX Online) - The BBC is facing criticism over the way it described the impact of natural diamonds and the terminology used to describe lab growns in a TV reality show.The Natural Diamond Council (NDC) has reacted to an episode of Dragons' Den (equivalent of Shark Tank in the US) in which two friends from Antwerp won $315,000 of venture capital for their lab grown startup Kimai.The US-based...Read More

Surge in Colored Lab Grown Impostors

February 07, 24 / John Jeffay

(IDEX Online) - An increasing number of colored lab growns are being submitted for grading as natural diamonds, according to GSI.The New York-based lab is warning of a surge in undisclosed brown, yellow and pink stones - from melee to 1.0-cts - in recent months.Most of those detected have been Type IIa with a single nitrogen, all mounted in jewelry rather than loose."Over the past several months,...Read More

GIA Identifies Stolen Diamonds

February 07, 24 / John Jeffay

(IDEX Online) - Two +4.0-cts diamonds were identified as stolen property after they were submitted to the GIA for grading.They were among a haul of jewlery valued at $475,000 that was stolen from an empty home in Colorado, USA last June.The diamonds were sent to the GIA in August, two months after the theft, by a wholesale diamond dealer in Cherry Creek, Colorado.The gems - a 4.31 carat diamond ri...Read More

Steady 2023 Growth for Fancy Colored Diamonds

February 07, 24 / John Jeffay

(IDEX Online) - Fancy color diamonds enjoyed "steady growth" of 2.2 per cent during 2023, according to new figures published by the Fancy Color Research Foundation (FCRF).That's significantly slower than 2022, when they surged by 3.9 per cent, but compares favorably with colorless diamonds, which lost 16.5 per cent of value during 2023.But Q4 figures suggest a slowdown. The Index Fancy Color...Read More

Six Arrested after Jewelry Crime Spree

February 07, 24 / John Jeffay

(IDEX Online) - Police have arrested six suspects after a series of smash and grab robberies at jewelry stores in Michigan and Ohio, USA.Gang members are believed to have targeted six separate stores at different malls in a 12-day period, from 13 January until they were apprehended 24 January.They are said to have used rental or stolen vehicles in the robberies, said the the Troy Police Department...Read More

Jeweler Shot, Robbed and Kidnapped in US

February 06, 24 / John Jeffay

(IDEX Online) - A jeweler was shot in the back, robbed and then kidnapped in a terrifying attack North Carolina, USA.Four men wearing ski masks targeted the man at TIF Designs, Gastonia, then drove him to his home, 15 minutes away, in his own Chevrolet Tahoe.The unnamed victim was treated at Caromont Regional Medical Center, in Gastonia, for a single gunshot."Officers arrived on scene and were inf...Read More

M&M's Creates Lab Growns from Peanut Butter

February 06, 24 / John Jeffay

(IDEX Online) - Candy brand M&M's has created lab grown diamonds made from peanut butter for American footballers who miss out on the Super Bowl rings presented to the winning team.Three "almost champions" - Dan Marino, Terrell Owens and Bruce Smith - will receive "Almost Champions Ring of Comfort", designed with a hidden replica of a football stadium that houses a single Peanut Butter M&...Read More

Rio Tinto Faces Court after Worker Seriously Injured

February 05, 24 / John Jeffay

(IDEX Online) - Rio Tinto is facing four charges under Canada's Mine Health and Safety Act after a worker was seriously injured at Diavik.The first court appearance is scheduled for 19 March in Yellowknife, Northwest Territories. Rio Tinto owns and manages the Diavik Diamond Mine, which produces around 4.65m carats a year.The Workers' Safety and Compensation Commission, an arm's len...Read More

Pandora Now Using Only Recycled Gold and Silver

February 05, 24 / Staff reporter

(IDEX Online) - Pandora says its achieved its target of using only recycle gold and silver in its jewelry.The Danish company says it no longer sources any newly-mined supplies for the 100m-plus items of jewelry it sells every year.Pandora says the move will save 58,000 tons of CO2 a year, equivalent to the electricity used to power 11,000 homes."Precious metals can be recycled forever without...Read More

US Watch and Jewelry Sales: The Recovery Goes On

February 05, 24 / John Jeffay

(IDEX Online) - Watch and jewelry sales in the US showed further signs of recovery in December 2023, with the largest monthly rise since July 2022.Major brands have been faring better during the final quarter of 2023 with Richemont enjoying a 12 per cent revenue hike among its watch and jewelry maisons and LVMH reporting sales up by 3 per cent. The latest available figures show that Swiss watch ex...Read More

IDEX Polished Price Index Falls Back Slightly

February 04, 24 / IDEX Online

(IDEX Online) - The IDEX Polished Price Index dipped very slightly during January (down by 0.27 per cent) following on from a 1.9 per cent rise in December.The change of direction, after a long post-Covid decline, reflects a confusion and uncertainty that seems to pervade the industry at present. The market appeared to be showing some early signs of a recovery as 2023 came to an end. What...Read More

US to Spend Record $6.4bn on Valentine's Jewelry

February 04, 24 / John Jeffay

(IDEX Online) - US consumers will spend a record $6.4bn on jewelry this Valentine's Day according to a new NRF survey. That's a 14 per cent increase on last year's predicted spend of $5.5bn.Over half the population (53 per cent) say they'll be celebrating, according to an annual survey by the National Retail Federation (NRF) and data insights company Prosper Insights & Anal...Read More

Revenue and Prices Down at Gem Diamonds

February 04, 24 / John Jeffay

(IDEX Online) - Gem Diamonds saw revenue and average per carat prices down by around a quarter during 2023 amid ongoing "downward pressure" in the rough market.The UK-based miner operates Letseng, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.It says total sales for the year were $139.4m, down 26 per cent, and the average per carat price was down 24 per cent to $1,3...Read More

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