The 100ct Spectacle Diamond
The Spectacle, a 100.94ct, D-colour Internally Flawless, Type Ila diamond, estimated at $12,000,000-18,000,000, was the highlight of the Geneva Magnificent Jewels auction, selling for $14.1 million. The diamond was cut from a rare 207.29ct rough stone. The incredible size and impeccable quality made the rough diamond extremely unusual and valuable. It was unearthed in 2016 at Zarnitsa kimberlite pipe in the Sakha Republic (Yakutia) in northeast Russia, the first-ever diamond deposit discovered in Soviet Russia in 1954.
The Chrysler Diamond
Estimated to fetch between $3.5 million and $4.5 million, the pear-shaped, D-colour, Internally Flawless 54.03ct Chrysler Diamond sold for nearly $5.1 million. In 1958, Harry Winston purchased what was then known as The Louis XIV Diamond from the estate of Thelma Chrysler Foy. Although the provenance cannot be verified, it was believed that this diamond was possibly mined in India and could have been brought to France by the famed gem merchant Jean-Baptiste Tavernier. Winston recut the diamond from its original 62.00cts to 58.60cts to achieve a D colour and Flawless clarity grade.
The diamond, now mounted in a tiara, was exhibited at the Musée du Louvre in 1962 in the Ten Centuries of French Jewelry exhibition. In 1963, Winston sold the diamond, along with a 61.80ct diamond, to Eleanor Loder. Her estate sold the pair of diamonds at an auction in Geneva in 1980. The current owner acquired the pair in 1983 from the buyer at a Swiss auction. This time, the diamonds had again been recut to weigh 54.03cts and 61.02cts, respectively and were included in Notable Diamonds of the World. They are now referred to as The Geminis.
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GJEPC's IIJS Tritiya: A Grand Showcase of Indian Jewellery Excellence
The latest edition of IIJS Tritiya surpassed its predecessor in scale and sophistication, boasting a staggering 900 exhibitors and 1,900 stalls spread across 40,000 square meters. Serving as an expansive marketplace, it facilitated crucial connections and collaborations for industry players, drawing over 15,000 pre-registered visitors from 500 cities in India and 60 countries, which emphasizes its global importance.
Venus Jewel ETHICAL SOURCING, RESPONSIBLE MANUFACTURING AT THE CORE OF VENUS JEWEL
Venus Jewel began its journey with a vision to revolutionize the industry, and took the bold step of becoming the first to specialize in premium size natural diamond manufacturing in India. This pioneering approach has allowed the company to differentiate itself from competitors, and cater to a unique market segment
GemGenÚve BUDDING DESIGNERS TO WATCH OUT FOR AT GEMGENEVE
Visitors to GemGenÚve's forthcoming edition, between May 9 and May 12, 2024, at Palexpo Hall 1, should not miss the amazing space known as the Designer Village. Bringing together rising stars of the gem and jewellery industry, the Village offers an uplifting overview of some of the most promising talents
Russian Diamond Imports ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC
The phased ban on the import of Russian diamonds imposed by the G7 nations and the EU has thrown the global industry out of gear - India is particularly concerned as the livelihood of millions of people might be impacted. Vipul Shah, Chairman, GJEPC, talks to Suneeta Kaul about the steps that are being taken to address the challenges and mitigate the situation
THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE
Lab-grown diamond jewellery is not a fad. While many Indian retailers choose to be circumspect about jewellery laden with labgrown diamonds, which are chemically, optically and physically identical to natural diamonds, there is most definitely a revolution happening in this space, driven by demand backed by sheer affordability
Guinness World Records Recognizes Largest Tanzanite Sculpture
On March 9, 2024, a momentous occasion took place at the Rice Northwest Museum of Rocks & Minerals in Hillsboro, Oregon, marking a historic milestone in the world of gemstones.
Signet Jewelers Reports 6.3% Decline in Q4
Signet Jewelers reported a 6.3% decline in total sales to $2.5 billion during the quarter that ended February 3, 2024. Same-store sales were down 9.6%, compared to the previous year.
GIA Opens New Lab in Dubai
Gemological Institute of America (GIA) opened a new, state-of-the-art diamond grading laboratory, GIA Laboratory DMCC (Dubai Multi Commodities Centre) in Dubai on February 19, 2024.
WFDB Concludes Annual Presidents' Meeting in Shanghai
The World Federation of Diamond Bourses (WFDB) concluded its annual Presidentsâ Meeting for 2024, held in Shanghai, China.
GJEPC Presents 50th India Gem & Jewellery Awards to Export Leaders
The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA, to exporters.