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3 February 2011
Certified Polished Diamond Prices Rise 1.6% in January
Rapaport Issues January 2011 Research Report: The Uptrend Continues
The positive trend in polished diamond prices continued in January supported by Far East demand in preparation for the Chinese New Year. Prudent restocking by U.S. wholesalers has also begun amidst continued economic uncertainty. Caution remains on whether the positive consumer spending experienced through Christmas will be sustained through Valentine’s Day and the first quarter of 2011.
Certified polished diamond average asking prices increased 1.6% on RapNet – Rapaport Diamond Trading Network in January, with half carats up 1.3%, one carats up 3.1% and three carats up 0.3%. Prices of small, inexpensive diamonds at Rapaport Auctions also strengthened during the month. Average prices on RapNet were 11.7% above levels seen a year ago, at the end of January 2010.
Supply shortages are spurring higher prices in rough and polished diamonds. De Beers kept prices stable at the January Diamond Trading Company (DTC) sight, which influenced higher prices on the secondary market and has fed expectation that a DTC price hike is imminent in February.
“Positive retail trends continue to emanate from the Far East and India, feeding optimism in the dealer market. Supply side management of rough diamonds continues to impact market prices and encourage speculation. Political risk and uncertainty driven by current events in Egypt are expected to increase demand for large expensive diamonds which are in relatively short supply and subject to speculative price levels.” said Martin Rapaport, chairman of the Rapaport Group.
3 February 2011
White Diamonds Top Sellers at Sotheby’s
A Harry Winston platinum and emerald-cut diamond ring sold for $662,500 at Sotheby’s Important Jewels auction in New York City on Feb. 2.
The 15.98 ct. VS1 clarity ring led the sale, fetching $41,458 per carat. The auction’s final sales total was $8.8 million, the highest for a February auction at Sotheby’s New York.
White diamonds were among other top sellers at the auction.
“We saw bidding from a truly international audience, with many clients embracing participation through our online BidNow program, adding an exciting new element to our salesroom,” Gary Schuler, senior vice president and head of Sotheby’s Jewelry department in New York, said in a statement.
20 October 2010
Price of gold rises on markets following biggest decline in three months
The price of gold rose on international markets on Wednesday as a weaker dollar provided strong demand for an alternative asset and as some investors bought the precious metal following its biggest drop in more than three months.
Gold declined by 2.7 percent on Tuesday after China announced it would increase borrowing costs for the first time since 2007 which gave the dollar a boost. The price of gold and the value of the dollar move inversely. The dollar has fallen on speculation that the U.S. Federal Reserve will institute credit-easing measures to support economic growth.
The price of gold hit a record $1,387.35 an ounce on October 14 before slipping back. The price of gold for Immediate-delivery bullion rose to $1,341.65 an ounce in London on Wednesday.
Gold has jumped 22 percent this year, and is heading for a 10th annual gain, the longest winning streak since at least 1920.
The price of bullion has outperformed global equities, Treasuries and most industrial metals, prompting record investment in gold-backed exchange- traded products. The metal rallied as central banks and governments maintained low borrowing costs and spent trillions of dollars to stimulate economies.
The rising price of gold has led diamond jewellery manufacturers to rethink their designs in order to keep price points attractive.
25 October 2010
Golf great Greg Norman proposes with six-carat diamond ring
After two divorces in the last four years, Australian golfing legend Greg Norman is hoping the third time is a charm after proposed to his partner with a six-carat diamond ring.
Norman, who last year divorced a great from another sport – former tennis star Chris Evert – proposed to 41 year old interior designer Kirsten Kutner.
Norman’s first divorce was from Laura Andressy in 2006 after 25 years. Media reports said she received more than $100 million as part of the divorce agreement.
He married Evert in the Bahamas in 2008, but the marriage lasted just 18 months.
Norman was one of the top players in the world 1980s and 1990s, and was the number one ranked golfer for 331 weeks.
5 October 2010
Pink diamond expected to sell at Sothebys auction for up to $38 million
A rare rectangular 24.78-carat pink diamond with rounded corners set in a ring between two white diamonds could sell for as much as $38 million when it is auctioned by Sothebys in Geneva next month.
The gemstone has been graded by the Gemological Institute of America as "fancy intense pink" and as type IIa – placing it in the top two per cent of the worlds diamonds.
Sold by jeweller to the stars Harry Winston around 60 years ago, it has been in a private collection since then.
The ring is on show in Hong Kong and will tour the world before being auctioned by Sothebys on November 16. The pre-sale estimate for the ring is $27 million to $38 million, or close to $1.5 million per carat.
The world record for the most expensive diamond sold at auction per carat is the Star of Josephine, a blue diamond weighing 7.03 carats which sold in May last year at Sothebys for $9.5 million, or $1.35 million per carat.
David Bennett, of Sothebys, said: "During my 35-year career I have had the opportunity to examine many magnificent and rare gemstones. But, put simply, this stone is one of the most desirable diamonds I have ever seen.
"What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut – a style of cutting normally associated with white diamonds and one that is so highly sought-after when found in rare colours such as pink and blue. "The stones character is further enhanced by the gently rounded corners which impart a unique softness and charm to this truly outstanding gemstone."
28 September 2010
6.43 ct Fancy Vivid Pink Diamond Expected to Auction for $1 Million p/c
A large pink diamond is hoped to fetch between $6 million to $7 million at a Sotheby’s sale in Hong Kong. The diamond is a IIa type, rectangular modified brilliant-cut 6.43 carat, fancy vivid pink of VS2 clarity.
The diamond’s estimate is a $933,000-$1.08 million per carat value for the rare stone. However, the selling price may even suppress the estimate. Fancy-color diamonds tend to achieve high prices at auctions in Hong Kong, making the place a favorite of auction houses.
Last December, a 5.00-carat cushion-shaped fancy vivid pink potentially flawless, type IIa diamond ring sold for 10.78 million at Christie’s Jewels sale in Hong Kong. At $2.1 million per carat, it was the most paid per carat for a diamond at an auction as well as the highest price for a pink diamond. It was bought by a private Asian buyer.
The 6.43-carat diamond is set in a Van Cleef & Arpels ring, flanked by a cluster of pear-shaped and brilliant -cut diamonds.
Another interesting lot that will be offered at the Magnificent Jewels and Jadeite sale on October 6 are a pair of loose diamonds, each weighing 10.88 carats. The pair - both D, flawless, triple excellent, type IIa diamonds - is estimated at $3.3-3.9 million.
16 September 2010
Gem Diamonds and Tiffany & Co units agree 25 percent price rise
Gem Diamonds wholly owned subsidiary, Kimberley Diamonds, has agreed a 25 percent price increase with Laurelton Diamonds, the polishing unit of high-end jeweller, Tiffany & Co.
The increase relates to the exclusive assortment of rare fancy yellow diamonds from Kimberleys Ellendale mine in Western Australia, and comes into effect on October 1.
Tiffany launched its Yellow Diamond Collection in Japan in April 2010, and last week launched it on the U.S. market at its flagship store on New Yorks 5th Avenue.
Gem Diamonds CEO Clifford Elphick said, "The Ellendale mine in Australia is the worlds single largest producer of rare fancy yellow diamonds and we are very pleased to have concluded a 25 percent increase in price for these rare diamonds.
"The long term agreement with Tiffany & Co., spanning the economic life of the Ellendale mine, continues to provide a sustainable platform for Kimberley Diamonds mining operation. This shows the benefits of partnering with such a highly regarded brand and major player in the diamond jewellery and retail sector."
22 September 2010
Pink diamond could sell for up to $3 million at Toronto auction
A rare pink diamond, being called the most expensive diamond to be auctioned in Canada, comes under the block in Toronto on October 3.
The gem has a pre-sale estimate $2.5 million to $3 million.
The sale is being held by Circa Auctions, along with millions of dollars worth of other gemstones.
The value of pink diamonds is directly related to their rarity, with high-profile purchases, such as the six-carat diamond actor Ben Affleck bought in 2004 for then fiancée Jennifer Lopez, further raising demand for them.
A world-record price per carat was established in Hong Kong in December 2009, with the sale of a five-carat pink diamond for $10.8 million.
However that record-setting diamond was appraised as internally flawless, while the diamond to go under the block in Toronto is VS2.
Analysts say the buyer for the pink diamond is likely to come from Asia, or the Middle East, according to the report in The Star
21 September 2010
Necklace worn by Princess Diana to go on auction in New York
A necklace famously worn by Diana, Princess of Wales, at one her last official engagements, are to be auctioned on September 24 in New York.
Auction house, Guernsey’s, has set an estimated selling price of $1.5 million to $2.5 million.
The princess wore the necklace on June 3, 1997, at a gala performance of “Swan Lake” at the Royal Albert Hall in London. She died in a car crash in Paris two months later.
Thousands of photographs were taken of her wearing the necklace. Arlan Ettinger, the owner of Guernsey’s, said, “It was said she was photographed more often that evening than on any other occasion except her wedding.”
The seller of the necklace is Jim McIngvale , a Houston furniture magnate known as Mattress Mac.
21 September 2010
Distant star is largest diamond ever found
Astronomers have discovered a diamond star which they believes weighs 10 billion trillion trillion carats. The astronomers have dubbed the star "Lucy," in honor of the famous Beatles song "Lucy in the Sky with Diamonds."
The diamond star is located roughly 50 light years from Earth in a constellation known as Centaurus.
"You would need a jewelers loupe the size of the of the sun to grade this diamond," said Travis Metcalfe of the Harvard-Smithsonian Center for Astrophysics who is the leading astronomer on the project.
"Lucy" - technically known as BPM 37093 - is actually a crystallized white dwarf, the hot core of a star left over after the star uses up its nuclear fuel and dies.
26 April 2010
Price Hikes at DTC Sight
The Diamond Trading Company (DTC) has raised prices by 4-5 percent at its Sight held in London this week, according to initial reports. The Sight started today (Monday).
According to the company, there are “some minor price adjustments in some areas.”
The price increases are more pronounced in the larger goods, closer to 7 percent, according to Sight attendees.
High premiums for DTC goods in the market prompted the expectation that prices will be raised by the company. This in turn resulted in speculative buying, further driving up prices in the secondary market.
As Europe’s air travel is slowly returning to normal after the volcanic eruption in Iceland, a lower Sightholder attendance is noted.
This week’s Sight, the last one until June and the important JCK Las Vegas trade show, is the first Sight of the new ITO period.
26 April 2010
De Beers to Limit Production to 40 Million Carats a Year
In a drive to extend diamond reserves, De Beers will place a 40 million cap on its annual diamond production starting in 2011. The move will likely drive up the price of rough diamonds, ahead of an expected public listing of the company.
In an interviewed with the Financial Times, De Beers Managing Director Gareth Penny spoke about the company’s production plans. “Do we want to ramp production back up to 48 million carats, given the lack of availability in the future? Diamonds are a treasure of nature that should be properly protected, because there will be less to sell. The reality is that supply cannot keep up, and that will become very accentuated over the next 15 years,” Penny said.
In the past, De Beers was accused of using its diamond stocks to affect diamond prices in the market. Possibly anticipating such an accusation in this context, Penny told the Financial Times "We are not seeking to manipulate anything,” adding “But there is a natural supply-demand imbalance that is leading to certain realities.”
According to analyst Chaim Even-Zohar (IDEX Online February 13, 2010), De Beers prefers leaving diamonds in the ground, instead of mining them. Penny was quoted recently in a number of occasions as saying, “We don’t mind leaving the goods in the ground,” and “We don’t mind extending the life of our mines.”
At current demand, prices may rise in such a scenario by at least 5 percent per year for the next five years, according to RBC Capital Markets analyst Des Kilalea.
De Beers can expect to return to profit as well as enjoy what Penny called “a natural supply-demand imbalance.”
Even-Zohar believes that by early next year, De Beers will seek a public primary listing on the London Stock Exchange, with secondary listings on the Botswana and Johannesburg stock exchanges, and “timed with the beginning of the renewed growth of consumer demand” in the U.S.
The current shareholders, Anglo American (45%), the Oppenheimer family (40%) and Botswana (15%) are not expected to relinquish their control of the diamond miner. Instead, they are seeking to raise money to cover more than $3 billion in debt.
Further, Even-Zohar is speculating that the Oppenheimers may be interested in keeping some of the assets, such as the retail partnership with LVMH, out of the deal, essentially making only the mining operations part of IPO.
25 April 2010
De Beers Cuts Diamond Production as Supply Seen Falling, FT Says
April 26 (Bloomberg) -- De Beers Consolidated Mines Ltd. is reducing production of diamonds as it expects the supply of the gems to decline, the Financial Times reported, citing Gareth Penny, managing director.
The tightening in production could mean diamond prices rising by 5 percent a year for the next five years, the newspaper said, citing Des Kilalea, an analyst at RBC Capital Markets in London.
16 March 2010
Growing recovery evidenced in Belgian diamond imports and exports for February
rowing confidence that the global economy is recovering appears to have received fresh confirmation from the Belgian statistics for imports and exports of both polished and rough diamonds for February. Given Antwerps role as the largest centre in the world for the sale of rough and polished diamonds, the data released by the Antwerp World Diamond Centre Diamond Office serves as an important indicator for the state of international markets.
Belgian rough diamond exports in February soared by 164.3 percent from February 2009 to 10.8 million carats worth $904.0 million, a jump of 162.2 percent.
For the first two months of the year, rough diamond exports jumped 143.4 percent from the same period of 2009 to 21.2 million carats worth $1.72 billion, a jump of 165.1 percent.
As for imports of rough diamonds, Belgium brought 10.5 million carats of rough goods last month with a value of $781.7 million, rises of 150.2 percent and 182.0 percent, respectively on February 2009.
For January-February, rough diamond imports jumped 67.1 percent from a year earlier to 21.5 million carats worth $1.55 billion, a rise of 109.6 percent.
Meanwhile, polished exports in February totalled 582,934 carats with a value of $875.3 million, increases of 1.0 percent and 15.4 percent, respectively.
For the first two months of the year, polished exports climbed 5.4 percent to 1.1 million carats worth $1.52 billion, a jump of 15.7 percent.
In polished diamond imports, Belgium bought 573,146 carats in February, a rise of 15.3 percent from February 2009, with the diamonds value being $662.9 million, a rise of 21.6 percent on February 2009. In January-February, polished diamond imports jumped 9.5 percent from a year earlier to 1.22 million carats worth $1.40 billion, a rise of 16.5 percent.
As for export destinations, the United States posted an 18.9 percent fall in polished diamonds in financial terms, but a 62.8 percent jump in volume, indicating a sharp rise in price per carat. For the first two months of the year, however, the United States imported 1.4 percent more diamonds at 132,000 carats worth $451.4 million – a jump of 48.5 percent.
Overall, the U. S. accounted for 11.9 percent of Belgiums polished diamonds in carat terms, and 29.6 percent in dollars. Hong Kong was the second-largest importer of Belgian polished stones last month, taking in 20.5 percent in carats, and 19.9 percent in financial terms.
Israel was the third-largest importer of Belgian gems, 8.1 percent in volume, and was followed by the UAE, Switzerland, India, China, the U.K., Italy and France.
11 March 2010
Diamantaires Hold Steady on Forbes Billionaires List
Forbes released its annual list of the world’s billionaires on Wednesday, bringing to light the financial standing of the world’s top diamantaires. Nicky Oppenheimer and his family took the top spot among them on the Forbes list at #154, followed by Laurence Graff at #374, Beny Steinmetz at #488 and Lev Leviev at #655.
Oppenheimer, who ranked #98 on last year’s list, has a net worth of $5 billion. His wealth, inherited from his family’s long time holding in De Beers, remained intact during an arduous year for the company, which saw sales for the worlds largest diamond drop 44 percent to $3.8 billion. Despite posting a net loss of $220 million in 2009, cutting costs has allowed De Beers to remain cash positive and consumer demand is starting to recover thanks to an increase in demand from China and India.
Graff, while dropping from #305 on the 2009 list, saw his wealth increase from $2.2 billion to $2.5 billion last year — thanks to a revival in demand for high-end diamonds this year. Forbes notes that jewelry business insiders call the British diamond merchant the “new Harry Winston.”
Steinmetz dropped in ranking from his spot at #334 last year but his net worth of $2 billion remained the same. Steinmetz chairs the Geneva-headquartered Steinmetz Diamond Group, which he inherited from his father. The company is De Beers largest buyer of rough diamonds and is slowly starting to see profits again as diamond sales are beginning to rebound with the market.
Despite the many public hardships his company is enduring, Leviev has also maintained his 1.5 billion net worth since 2009, when he was #468 on the Forbes list. Both this year and last, Forbes notes that the “worlds largest cutter and polisher of diamonds is trying to hold his empire together.”
11 March 2010
Graff Opens Charity and Leadership Center in Lesotho
Laurence Graff opened the first Graff Leadership Centre in Lesotho last Saturday, complete with training facilities for children, youth and adults in programs that will teach pre-employment skills. The center works in conjunction with Graff’s new F.A.C.E.T. (For Africas Children Every Time) charity in Lesotho.
Lesotho is home to the Letseng Diamond Mine where Graff sources many of his diamonds. The charity is meant to function as a ‘fund of funds to raise money for the education, health and wellbeing of the children of Africa. The second floor of the new center provides a hostel for 50 young girls in a leadership program meant to develop peer leaders in their villages.
Graff has donated $1 million to launch F.A.C.E.T and plans to continue to support the organization with further donations.
“We would like to give something back to the country which gives us our remarkable diamonds. There is such appalling poverty and hunger in Southern Africa, yet with more help from donations the situation will begin to improve,” Graff said.
The tiny mountain Kingdom of Lesotho, completely landlocked inside South Africa, has the world’s third highest incidence of HIV/ AIDS. One of the poorest countries in the world, 63 percent of its population is under 24 years of age with a life expectancy of 37 years. In parts of Lesotho, the percentage of children who are orphaned can reach 40 percent.
8 March 2010
Rare blue diamond set to fetch £3.8m
A rare internally flawless blue diamond which was displayed at the Millennium Dome in Greenwich is expected to fetch up to £3.8 million when it is sold at auction next month.
The 5.16-carat, pear-shaped stone, which is set in a ring, is the first blue diamond from the De Beers Millennium Jewels collection to go under the hammer.
It was among 12 stones displayed at the former Millennium Dome in 2000, in a collection which included the 203.04-carat Millennium Star white diamond, and 11 blue stones of various shapes and weights.
The gem will be sold by Sothebys in Hong Kong on April 7, with an estimated price tag of 4.6 to 5.8 million US dollars (£3.04 to £3.8 million).
It has been graded as having "fancy vivid blue" colour which is the highest for coloured diamonds.
Blue diamonds get their colour if the element boron is present when the stone is formed. They are extremely rare.
Quek Chin Yeow, from Sothebys Asia, said: "It is an unprecedented opportunity to acquire at auction a gem with this unique historical provenance."
Each stone in the collection was laser-inscribed with a De Beers Millennium number, and this blue diamond is "De Beers Millennium Jewel 11".
Sothebys sold a 7.03-carat internally flawless blue diamond, called the Star of Josephine, in May last year which fetched 9.48 million US dollars (£6.27 million).
At the time it set a world record auction price per carat of 1,349,751 million US dollars (£892,000).
3 March 2010
IDEX Online Research: Polished Diamond Prices Up Significantly in February
Polished diamond prices rose a sharp 2.3 percent in February, according to the IDEX Online Global Polished Price Index. There are three key factors pushing polished diamond prices higher: rough diamond prices are rising; the global economic recovery has begun, led by exceptional strength in the U.S., the largest market for diamonds; and anticipation of re-stocking in the diamond pipeline, especially at the retail level.
The IDEX Online Polished Diamond Price Index averaged 112.6 during February 2010, up over 2 percent from the average of 110.1 for January. This was the third consecutive month that polished diamond prices have risen, after languishing for most of 2009 at around 108.
The IDEX Online Polished Price Index started the month at 111.4 and ended the month at 113.2. It showed steady gains throughout the month.
U.S. Economy & Diamond Prices Moving Together
After sluggishness during most of 2008 and early 2009, the global economy has begun to show signs of a recovery. In particular, the U.S. economy posted a dramatic 5.9 percent growth in the fourth quarter of 2009, after generating a solid 2.2 percent gain in the third quarter of that year. Historically, jewelry demand and GDP move together.
Because U.S. consumers purchase roughly half of the world’s diamonds and diamond jewelry, a strengthening economy in America is good news for the diamond industry. Polished diamond prices have begun to brighten as a result of prospects that shoppers will loosen their purse strings and head to their neighborhood jewelers to buy diamonds, diamond jewelry and other jewelry accessories.
Further, economies in other diamond-consuming nations have also begun to stir from their doldrums of the past two years. Thus, there is an expectation that diamond demand will pick up globally during 2010.
Within the diamond industry, rough diamond prices have been rising for the past two years, despite weak demand downstream in the diamond pipeline. In 2009, rough diamond prices were up by perhaps 13-15 percent, but were highly volatile. So far in 2010, rough diamond prices are up about 15 percent, after only two DTC Sights. Clearly, higher rough diamond prices are putting pressure on polished diamond producers.
Monthly Diamond Price Improvement Extended Across All Stones
While shoppers did not stop buying jewelry during the recession of 2008-2009, they were more value-conscious. They bought “down” – that is, they purchased smaller, lower-quality stones. Now, however, it appears that diamond demand may be reverting to historic norms. As the graph below illustrates, monthly prices rose across all diamond sizes, though some sizes experienced greater price appreciation that others.
Outlook: Polished Diamond Prices Will Continue to Rise
After falling for the past year and a half, polished diamond prices are on the rise. It is likely that polished diamond prices will show a substantial increase in 2010, as demand recovers from the so-called Great Recession of 2008-2009. It is possible that prices could climb by double-digit levels for the full year.
8 March 2010
Oscars Prove Diamonds are a Movie Star’s Best Friend
Hollywood’s royalty were not the only ones to take center stage at the 82nd Academy Awards in Hollywood Sunday night, as the expansive variety of diamond jewelry they wore stood out quite brilliantly on its own.
The newest generation of Hollywood’s start went for diamond looks that were both edgy and glamorous, as the trends recorded by the Diamond Information Center takes note.
“This year we saw the emergence of a new generation of actors who have embraced their individuality,” says Jamie Cadwell, director of the DIC. “They are using the red carpet to express their personal styles, whether vintage inspired or very modern, we are seeing diamonds used in an exciting variety of ways.”
Best Supporting Actress nominee Anna Kendrick showed a penchant for old-Hollywood glam in Kwiat’s diamond pendant earrings. Big Love’s Amanda Seyfried offset her ethereal gown with 250 carats of contrasting Brown, champagne and mint diamond geometric bracelets by Lorraine Schwartz. Twilight star Kristen Stewart went understated in a simple H. Stern diamond bracelet while Rachel McAdams went for perfect match in show stopping natural multi color diamond earrings by Lorraine Schwartz.
Mirroring a look seen last month at the Golden Globe and Screen Actor’s Guild Awards, diamonds in the hair were spotted on seasoned actresses and freshman starlets alike. Presenter Elizabeth Banks accented her gown with a delicate diamond head band by Fred Leighton, while Diane Kruger went floral in her Chanel fine jewelry black and white diamond flower hair pin.
The most stunning diamond moment of the night, according to the DIC, came with Best Actress Nominee Carey Mulligan’s 19th Century cascading diamond and diamond briolette earrings paired with a delicate Everlon diamond knot ring, all by Fred Leighton.
The following celebrities wore diamonds to celebrate the 82nd Annual Academy Awards:
Amanda Seyfried - Lorraine Schwartz - brown, champagne and mint diamond geometric bracelets, 250 carats; delicate blackened platinum diamond earrings; brown diamond ball ring.
Amy Landecker - Everlon diamond knot collection/Camilla Dietz Bergeron - Everlon diamond knot double row pave bracelet; diamond pendant earrings from Camilla Dietz Bergeron.
Anna Kendrick – Kwiat - diamond oval motif bracelet; diamond pendant earrings; diamond web ring.
Anika Noni Rose - diamond bracelet; flower cluster diamond earrings; diamond ring.
Cameron Diaz – Cartier – diamond pave trinity circle earrings in white, yellow and rose gold; diamond and white gold ring from Cartier private archive collection; princess and round cut diamond ring set in white gold.
Carey Mulligan - Fred Leighton - 19th Century cascading diamond and diamond briolette earrings; Everlon diamond knot ring by Fred Leighton; 19th Century pear-shaped diamond ring, 2 1/2 carats.
Charlize Theron – Harry Winston – vintage marquise diamond wave bracelet; diamond cluster earrings, 17.25 carats.
Deborah Ann Woll - Everlon diamond knot collection - Everlon pave diamond double knot bangle; Everlon pave diamond knot bangle; Everlon diamond knot bangle; Everlon diamond knot tassel earrings in oxidized white gold.
Demi Lovato – Vanity Fair Party - Everlon diamond knot collection - Everlon diamond knot tennis bracelets; William Goldberg diamond bracelet; Everlon diamond pendant earrings in antiqued gold; Everlon Pave diamond double knot ring.
Diane Kruger – Chanel fine jewelry - diamond line bracelet; diamond floral stud earrings; black and white diamond flower brooch.
Elizabeth Banks - Fred Leighton - rose-cut diamond briolette pendant earrings; diamond head band.
Emma Roberts – Vanity Fair Party - Martin Katz - Everlon pave diamond knot drop earrings.
Faith Hill - Lorraine Schwartz - Lorraine Schwartz-black diamond bangles in blackened platinum, 180 carats; white diamond bangles.
Helen Mirren – Chopard - oval shape diamond necklace, 125 carats; fancy and rose-cut diamond cuff; diamond pear-shape drop earrings, 9 carats.
Jennifer Lopez – Cartier - diamond and platinum bracelet; diamond ear clips, Cartier London 1934; diamond Cartier Panthere Maillon XXl ring in white gold.
Joe Jonas – Vanity Fair Party - Everlon diamond knot collection - Everlon diamond knot cufflinks.
Julianne Moore – Bulgari – two diamond and platinum bracelets, circa 1930 from Bulgaris Historical Archives; three diamond and platinum bracelets from Bulgari’s high jewelry collection.
Kate Winslet - Tiffany & Co. - yellow diamond necklace created exclusively for her by Tiffany & Co., $2.5 million; yellow diamond bracelets; yellow diamond drop earrings, 10 carats.
Kathryn Bigelow – diamond bracelet.
Kathy Bates - Diamond in the Rough - rough diamond Astra necklace, 61.48 carats; stacked rough diamond Astra bangles with over 54 carats; rough diamond Astra earrings, 56.59 carats.
Kevin Jonas - Everlon diamond knot collection - Everlon diamond knot cufflinks.
Kristen Stewart - H.Stern - diamond bracelet.
Maggie Gyllenhaal - Fred Leighton - 1940s diamond cuff bracelet; 19th Century diamond and ivory calla lily earrings.
Mariah Carey – Various - William Goldberg oval-cut diamond bracelet; H.Stern top floral diamond cuff bracelet; stacked diamond tennis bracelets; chopard rose-cut diamond hoop earrings, 43 carats; diamond flower rrooch.
Mariska Hargitay – Fred Leighton - 19th Century diamond cluster necklace.
Meryl Streep - Fred Leighton – magnificent Art Deco diamond and onyx bracelets; square pave-set diamond ear clips; 1920s diamond and onyx ring.
MoNique – Chopard – princess-cut yellow diamond tennis bracelet; radiant-cut light yellow diamond line bracelet, 46 carats; radiant-cut fancy yellow diamond and white diamond earrings, 17 carats.
Nick Cannon - Everlon diamond knot collection - Everlon diamond knot cufflinks.
Nick Jonas – Vanity Fair Party - Everlon diamond knot collection - Everlon diamond knot cufflinks.
Nicole Richie – Lorraine Schwartz - Diamond stud earrings in blackened platinum; iridescent cluster diamond ring in blackened platinum, 110 carats; diamond ring in blackened platinum.
Paula Patton - Martin Katz - diamond tambourine bracelet, 14.86 carats; diamond cuff bracelet, 18 carats; diamond tassle earrings, 25.22 carats; diamond mosaic ring, 8.5 carats.
Penelope Cruz – Chopard - Asscher-cut diamond bracelet, 23 carats; emerald-cut gradual diamond bracelet, 28 carats; diamond line bracelet; pear-shape diamond drop earrings, 18 carats; fancy-cut diamond cocktail ring; diamond pave band, 16 carats.
Rachel McAdams – Lorraine Schwartz - natural multi-color diamond earrings; diamond pinky ring.
Rashida Jones – Vanity Fair Party - Everlon diamond knot collection - Everlon diamond knot chain bracelets; oxidized Everlon 3 knot drop earrings; Everlon diamond knot stacked rings.
Sandra Bullock – Her own personal jewelry from Neil Lane - diamond drop earrings; diamond line bracelet.
Sarah Jessica Parker - Fred Leighton - 1950s diamond swirl bracelet; cognac diamond flexible bracelet; rose-cut diamond bracelet; 19th Century diamond cluster earrings; antique cushion-cut diamond ring, 9 carats.
Sherri Shepherd - William Goldberg - diamond aero bracelet; diamond cluster chandelier earrings.
Sigourney Weaver - Neil Lane - diamond link bracelet; round diamond drop earrings, 7 carats each.
Stana Katic - Neil Lane - 3 antique diamond Bracelets; diamond oval pendant earrings; diamond cluster ring.
Vera Farmiga - Fred Leighton - 1920s diamond ear clips; 1960s diamond cluster cocktail ring; diamond leaf brooch in her hair.
Zoe Saldana - Lorraine Schwartz - custom-made 20-carat bronzed platinum diamond drops.
Zoe Kravitz - Fred Leighton - 1920s diamond square-link bracelet; 1920s diamond and cognac diamond bracelet; 1930s old-mine cut diamond drop earrings, 3 1/2 carats; diamond paisley ring; 3 stacked diamond rings; 19th Century diamond wing brooch worn in her hair.
1 March 2010
507-Carat Cullinan Heritage Sells for $35.3 Million
The 507-carat Cullinan Heritage diamond has been sold for $35.3 million, the highest sale price on record ever achieved for a rough diamond, Petra Diamonds announced Friday. The diamond was sold on tender in South Africa and was purchased by Hong Kong-based Chow Tai Fook Jewellery.
The purchaser, a Diamond Trading Company (DTC) Sightholder, has not yet disclosed its plans for the diamond.
According to Petra, the price of the Cullinan Heritage, recovered in September 2009 from Petra’s Cullinan mine, reflects the incredible rarity of the diamond. At 507.5 carats, it is the nineteenth largest gem quality diamond ever discovered.
24 February 2010
Petra Diamonds 507-carat gem could raise $25 million in sale on Friday
The 507-carat egg-sized diamond discovered by Petra Diamonds at its Cullian mine in South Africa is due to be sold on Friday and could raise $25 million for the company after it drew more buying interest than originally expected.
Analysts originally placed a value of around $20 million for the 100-gram stone named the Cullinan Heritage. Rising rough diamond prices, however, are likely to have raised its price further.
"There has been very strong interest in viewing the stone and in being involved in bidding," said Petra Finance Director, David Abery. "We have been very pleasantly surprised to see the level of interest."
The sale of the diamond, one of the 20 largest high-quality rough diamonds ever found, will also provide a boost to Petras full-year financial results. "We are very confident for second-half earnings," said Abery. "We are looking forward to some nice strong full-year numbers."
25 February 2010
Million-dollar engagement sparkler for actress/singer Hilary Duff
ctress and singer Hilary Duff has reason to celebrate after receiving a marriage proposal sealed with a diamond engagement ring estimated to have cost around $1 million.
Media reports suggest the diamond could weight from 7 to 14 carats, and is either a princess or cushion cut.
The ring is estimated to have cost fiancé Mike Conrie, a National Hockey League player, anywhere from $750,000 to a cool $1 million.
Some reports said that since the ring is the same size as her finger, the diamond is likely to be in the 10-carat range.
And since money does not seem to be an issue for the couple, reports said they were looking for a Beverly Hills mansion for around $10 million.
25 February 2010
American Idol star Cowell proposes with $400,000 Graff diamond ring
American Idol star Simon Cowell has bought his fiancée a £250,000 ($400,000) diamond ring from London jeweller Graff Diamonds.
Cowell, aged 50, and know for his taciturn personality and sarcastic comments on American Idol, Britains Got Talent, and the X-Factor, has proposed to make-up artist Mezghan Hussainy, according to media reports.
Hussainy, 36, was photographed wearing the Graff ring on her wedding finger.
Cowell, who has refused to comment on the reports, proposed to Hussainy several weeks ago, according to the Daily Mail.
Cowell, one of the most powerful men in showbusiness, has reportedly always refused to consider marriage, fearing the loss of a huge part of his personal fortune following a divorce.
18 February 2010
DTC raises prices by 7-9 percent at February sight - report
The Diamond Trading Company (DTC) reportedly increased its prices by 7 to 9 percent at this week’s February sight, however it expects short-term stability in prices. The sight began on Wednesday and finishes at the end of this week.
There were “incremental adjustments to DTC box prices over the past few sights and a further and higher single digit increase for sight two,” said Mahiar Borhanjoo, DTC’s executive director of sales and sightholder services, in a letter to sightholders cited by Rapaport News. “We now anticipate a period of stability in respect of our prices, subject, of course, to any further major changes in market conditions.”
The DTC has been able to alter prices in recent months due to increasingly positive economic and supply-demand developments, Borhanjoo added.
"Clearly, it would be premature to say that the period of uncertainty is over, but the industry does appear to be moving in the right direction,” he said. “Our sights in [the second half of] 2009 and into 2010 have seen demand consistently increase and we are confident that this trend will continue throughout 2010.”
DTC has increased prices in light of rising U.S. consumer confidence and diamond jewellery sales. In addition, there is strong demand for some types of rough diamonds, and growth in China and India is also helping.
Meanwhile, Rapaport said reports from BHP Billiton customers showed that prices rose by an average of three percent at the firms rough tender last week.
17 February 2010
Brilliant cut diamond ring for reality star Nicole Ritchie
Hollywood celebrity Nicole Ritchie is making headlines after receiving an engagement ring. Media reports quoted diamond experts as saying the ring was worth anywhere from $60,000 to $85,000.
The ring contains a brilliant cut centre stone weighing around 3 to 4 carats set in platinum and featuring pave diamonds surrounding the center stone makes it modern.
"This diamond is set in platinum so it makes the diamond sparkle brighter. Also, Nicole wont have to worry about the large diamond falling out since platinum settings hold stones more securely than other metals," jewellery and style expert Michael OConnor.
The reality star turned designer, aged 28, is to marry singer Joel Madden, with whom she has two children called Harlow Winter Kate and Sparrow Midnight.
Nicole Ritchie is the daughter of singer Lionel Ritchie who achieved fame in the 1980s and 1990s.
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