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Read more about the article 102 carat diamond sells for $15.7 million, breaking records
Photo credit: Sotheby's

102 carat diamond sells for $15.7 million, breaking records

A private, anonymous collector bidding by phone from Japan is the new owner of the first high-value item of its kind ever offered "without reserve" by Sotheby's. Originally a 271 carat rough diamond unearthed in 2018 at the Victor Mine in Ontario, Canada, it was cut into this 102.39 carat D Flawless oval shape by Diacore.

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IGI Jewelry Design Contest FINALISTS NAMED

Following a 40 day period of submissions and evaluation, IGI’s international panel of prestigious judges has advanced 30 design concepts to the final round of the 2020 IGI JEWEL Jewelry Design Contest. These creative works, which can be seen here, were selected for creativity, use of materials, budget, feasibility of production and wearability.

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Gift Ring
Photo credit: Element5 Digital

Americans are buying diamonds instead of vacations

USA jewelry sales are climbing. Signet Jewelers, the parent of Kay and Jared, saw sales rise at the end of the last quarter and continue to climb in August. Tiffany & company reported the same trend. And diamond jewelry was one of the top product categories at both Macy's and Bloomingdale's during the quarter ending August 1.

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