Intelligence from IGI Worldwide
After a heated 11 minutes of bidding, the 205 carat Red Cross Diamond "rocked" Christie's Geneva by selling for $14 million dollars, a whopping 40% over its high pre-sale estimate. The famous Fancy Intense Yellow diamond, originally unearthed in 1901, was fashioned with a pavilion distinctively crafted in the shape of a Maltese cross.
With sales at smaller stores exceeding expectations in the fourth quarter of 2021, Macy's will be opening another 10 off-mall locations in the next year, to include new Market by Macy’s and Macy’s Backstage stores, as well as Bloomie’s and Bloomingdale’s outlet stores.
In 2020 Synova, introduced the "Da Vinci Diamond Factory," an automated system capable of transforming rough diamonds into fully polished round brilliants. Synova has continued to increase its range and recently made it possible for rough diamond scans, used by many entities, to be incorporated into its planning and execution.
Petra Diamonds, owner of the legendary Cullinan diamond mine, is looking to sell their Koffiefontein mine, a sister operation acquired from DeBeers' in 2007. Established in 1870, Koffiefontein is one of South Africa's oldest diamond mines, located just 50 miles south of Kimberley.
An eight minute bidding war resulted in one of the highest prices ever paid for a diamond on Wednesday, when the 15.10 carat "DeBeers' Cullinan Blue" diamond sold in Hong Kong. Four participants kept raising the stakes until the gavel finally fell at $57.5 million, smashing the pre-sale estimate of $48 million.
The Red Cross invests 93.5% of dollars they spend on people in need and, according to Christie's, a “significant” cut of the $11 million dollars this diamond is expected to bring in on May 11 will, again, be donated to its namesake organization.
A team of international researchers have discovered a fast-moving exoplanet, nearly 13 times larger than Earth, with vast clouds of liquid metal and corundum - the mineral which forms rubies and sapphires - blowing across the planet.
A phenomenal 50 carat diamond is available for viewing by appointment in Palm Beach. The centerpiece of a high jewelry collection titled "Graffabulous," the new owner of this historic D Flawless oval cut will have the opportunity to name the diamond before Graff adds it to their timeline of famous gemstones.
The Zoe Report (TZR), one of BDG's brands which collectively reach over 100 million readers per month, recently cited input from IGI on sustainability in the diamond and jewelry industry.
From April 8-12, Christie's will hold public viewings of 72 "Magnificent Jewels" to be sold on April 13 in New York, including a very special pendant-watch, and a half-dozen diamond creations with pre-sale estimates of more than $1 million.
On May 11 a 228.31 carat diamond discovered in South Africa more than 20 years ago, will become the largest white diamond ever sold at auction, according to auction house Christie's, with a presale estimate between $20 and $30 million.
Most of Earth's diamonds formed billions of years ago, during the supercontinent cycle, as carbon fragments around 100 miles deep were crystallized by unimaginable forces of heat and pressure. But diamonds can also flash-form due to meteorite impact.
Anglo American's newest diamond recovery vehicle, the Benguela Gem, was recently inaugurated at the Port of Walvis Bay, Namibia. In addition to increasing Debmarine Namibia’s annual production by 45% the vessel is expected to create 160 new jobs for the local workforce.
Creativity in diamond design continues to expand, thanks to the expanded possibilities offered by the CVD growth process. IGI recently graded another groundbreaking creation, an 8.96 carat Fancy Intense Green cannabis-inspired lab grown diamond.
IGI will offer complimentary consultation services to attendees of this week's Watch & Jewellery Middle East Show. The five day event is taking place Wednesday-Sunday March 23-27 at Expo Centre Sharjah, UAE, and is expected to attract more than 60,000 visitors and 500 industry brands.
The 2022 GEM Awards, presented by Jewelers of America, will take place in New York tomorrow night, marking the event's 20th anniversary. The black tie affair at Cipriani 42nd Street begins at 6:30 pm with a social hour followed by the GEM Awards dinner.
Christian Dior founded his business on the 8th of October in 1946. Located in the 8th arrondissement of Paris, his atelier included 8 studios from an 8 story building situated on Avenue Montaigne. Now Christian Dior's favorite number has been "written in stone," to celebrate a historic reopening.
"The mother of all fairs," Jewellery & Gem World (JGW) will temporarily relocate from Hong Kong to Singapore in 2022. The move is made with pandemic restrictions in mind, with a goal of becoming more accessible to international suppliers and buyers. Update: The event will now be staged September 27-30 at the Singapore Expo.
This International Women's Day, as we work to #BreakTheBias and build a world that is diverse, equitable, and inclusive, I'd like to elevate the visibility of creative and influential women in the world of fashion and jewelry.
Mountain Province Diamonds, joint-owner of Canada's Gahcho Kué diamond mine, has announced a supply agreement with Chow Tai Fook, one of the world's top jewelers. Under the terms of the agreement, Chow Tai Fook will purchase a selected range of rough diamonds from Mountain Province over a renewable one year period.