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☆ Dazzling selection of the world’s biggest, finest and most unusual gems unite in a single exhibition
▼ + stars: | 2024-03-30 | by ( Julia Carmel | ) edition.cnn.com time to read: +8 min

“It’s really personal.”It’s easy to understand why: As the curator of mineral sciences for the Natural History Museum of Los Angeles, Celestian oversees the Gem & Mineral Hall. The 125-carat "Jonker I" diamond, one of the most storied gems of its kind in history. “The story goes: It was raining one day… and then because all the rain just washed away the sediment, they found a 726-carat rough diamond,” Celestian said. Courtesy the Natural History Museums of Los Angeles CountyA view inside the Hixon Gem Vault, featuring highlights from the "100 Carats" exhibition. Though nothing else is quite as rare, the other gems in this exhibition are unique, vividly colored, and mostly unseen.

Persons: CNN — Aaron Celestian isn’t, ”, they’re, It’s, Celestian, Robert Procop, Sir Ernest Oppenheimer, Harry Winston, Winston, Lazare Kaplan —, King Farouk of, ” Celestian, Shirley Temple, hasn’t, Procop, Angelina Jolie, “, ” Procop, Lori Bettison, Varga, — Organizations: CNN, of Los, Gem, Mineral, American Museum of, “ Locations: of Los Angeles, Los Angeles, South Africa, New York City, King Farouk of Egypt, Egypt, ”, Los Angeles County, New York, Tanzania, Myanmar, Colombia

☆ You probably missed one of the biggest shows of wealth at the Ambanis' pre-wedding celebration, and it had nothing to do with the bride and groom
▼ + stars: | 2024-03-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewThere were grandiose displays of wealth at Anant Ambani's pre-wedding celebrations in India, but the mother of the groom-to-be may have stolen the show. Anant is the youngest son of Nita and Mukesh Ambani. Radhika Merchant and Anant Ambani, son of Mukesh Ambani, the Chairman of Reliance Industries. AdvertisementThe Mirror of Paradise ring. Last weekend, Anant personally thanked and praised Nita during a speech for pulling the pre-wedding celebration together.

Persons: —, Anant Ambani's, Anant, fiancée Radhika Merchant, Nita, Mukesh Ambani, Mukesh, Radhika Merchant, Anant Ambani, Rihanna, Bill Gates, Mark Zuckerberg, Manish Malhotra, that's, Richard Drew, Nita Mukesh Ambani, She's, Mama Organizations: Service, Business, Reliance Industries, GQ India, Bazaar Locations: India, Asia, Mumbai

☆ Brushed Gold Becomes the Finish of the Moment
▼ + stars: | 2024-03-05 | by ( Ming Liu | ) www.nytimes.com time to read: 1 min

Take a back seat, polished gold. Your shiny and reflective surface has been looking a bit too brash recently as the matte, low-key look of brushed gold has been catching everyone’s eye. At the high jewelry presentations in January in Paris, for example, Chaumet used brushed gold to great effect in Un Air de Chaumet, a collection that was an ode to lightness and movement. The Plumes d’or tiara featured a burst of brushed and textured rose gold feathers that alternated with diamond-set white gold ones, the contrast creating a play of light. The tiara could be transformed into a brooch or a head ornament, with an asymmetrically set 2.30-carat pear-shape diamond offering a figurative interpretation of a bird.

Locations: Paris

☆ Look of the Week: Zendaya is the latest A-lister to lean into method dressing
▼ + stars: | 2024-02-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. Marco Ugarte/APIt’s the latest in a budding line of sci-fi themed press tour looks turned out by the actor and her longtime stylist Law Roach. Earlier in the week, while sitting front-row at the Schiaparelli couture show, Zendaya was seen in a custom gown from the label’s new season. “Part human, part something else.”Like an alien cephalopod, Zendaya's gown included what looked like a silhouette of suckers. “All her clothes (on the press tour) were inspired by the movie,” Roach told CNN in 2022.

Persons: Zendaya, Marco Ugarte, Law Roach, Mr Spock, ”, Daniel Roseberry, Jeremy Moeller, Drew Barrymore, Suspicion, Margot Robbie’s, catwoman Zoë, Halle Bailey, Edward Berthelot, — Zendaya, ” Roach, “, Olivier Organizations: CNN, Haute Couture, Star, Zendaya Locations: Mexico City, Paris, cardigan, Balmain

☆ Visitor finds huge 7.46-carat diamond in Crater of Diamonds State Park
▼ + stars: | 2024-01-27 | by ( Kelly Murray | ) edition.cnn.com time to read: +3 min

Along the way, learned about the Crater of Diamonds State Park in Arkansas, according to a news release from Arkansas State Parks. Visitors scour the earth at Crater of Diamonds State Park in Arkansas. The 7.46 carat diamond discovered by Julien Navas, of Paris, France, upon his visit to the Crater of Diamonds State Park in Arkansas on January 11, 2024. The Carine Diamond is the eighth-largest diamond found in the Crater of Diamonds since it became a state park in 1972, according to the news release. Geologists explained about 100 million years ago, there was a volcanic eruption, which carried the diamonds to the surface, according to the park’s website.

Persons: Julien Navas, Navas, “, ” Navas, ” Lucky, Waymon Cox, Cox, Arkansas State Parks Navas Organizations: CNN, Arkansas State Parks, Discovery Center, Geologists Locations: United States, France, Cape Canaveral , Florida, New Orleans, Arkansas, Paris

☆ Paris Couture Week: The most eye-catching looks from the haute couture shows
▼ + stars: | 2024-01-26 | by ( Fiona Sinclair-Scott | Nicole Mowbray | ) edition.cnn.com time to read: +5 min

CNN —How do you begin to talk about something as seemingly frivolous as haute couture fashion against the tumult of today? The bi-annual couture shows in Paris are a showcase of bold ideas from the best fashion designers working today, crafted by some of the world’s most skilled artisans. Practical pockets, but make it Chanel coutureA delicate sheer pocket seen at Chanel's haute couture show. ValentinoWhile there was razzamatazz on the front row courtesy of Stormi Webster, Kylie Jenner’s five-year-old daughter, who made her front row debut, Valentino’s couture collection incarnation was relatively understated. Raw elegance at Maison MargielaJohn Galliano's couture collection for Maison Margiela was fantastical and theatrical, fittingly taking place under the first full moon of the year.

Persons: Chanel, ”, Schiaparelli, Giovanni Giannoni, Jennifer Lopez, Zendaya, Pat McGrath, Pascal Le Segretain, Margaret Qualley, Pieter Mulier, Valentino, Stormi Webster, Kylie Jenner’s, Gaurav Gupta Gaurav, Thomas Samson, Guarav Gupta, Kim Jones, Karl Lagerfeld's, Peter White, Karl Lagerfeld’s, Victor Virgile, Maison, Maison Margiela John Galliano's, Maison Margiela, Gao Jing, John Galliano, Gwendoline Christie, John Galliano's, Martin Margiela, Gwendoline Christie sauntering Organizations: CNN, Paris Couture, Spring, Petit Palais, Maison Margiela, Zuma Press Locations: Paris, Chanel, AFP, Xinhua

☆ Diamonds Made With Solar Power Are Offering Fiancées Ethical Fashion
▼ + stars: | 2024-01-13 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

“She really did not want a natural diamond because of the child labor [concerns],” said Henshall. A lab-grown diamond made with solar power. Made largely in China and India, lab-grown diamonds are produced using heat and pressure but without any mining. Three years later the former retail executive started selling lab-grown diamonds produced in a solar-powered factory in Gujarat, India. The volume and quality can vary but is a good barometer of appetite for natural diamonds, as well as prices.

Persons: Peter Henshall, Tasha Mawdsley, Tasha, ”, Henshall, “, Peter aren’t, Paul Zimnisky, Pandora, Laura Lambert, Fenton, “ It’s, We’ve, ” Lambert, ” Beth Gerstein, David Kellie, De Beers, De, Lightbox, LVMH, Cartier, Richemont, Kyle Grant, Grant, it’s, Yusuf Khan Organizations: Natural Diamond, Business, First Insight, Baker Retailing, Wharton School, University of Pennsylvania, Diamond Exchange, Miners, De Beers, yusuf.khan@wsj.com Corrections, Amplifications Locations: Ibiza, China, India, Danish, London, Gujarat, U.S, Amplifications Danish

☆ How the U.S. courted the Philippines to thwart China
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +14 min

What followed was two trips to the United States in less than a year for Marcos, and visits to the Philippines by high-ranking Biden administration officials. Marcos’ predecessor, the populist firebrand Rodrigo Duterte, was openly hostile to the United States and attempted to bring his country closer to communist China during his six-year term. For the United States, cementing alliances in the Asia-Pacific region is likewise crucial to keeping China in check. China’s Foreign Ministry, in a statement to Reuters, characterized China and the Philippines as “close neighbors across the sea” with a common interest in friendship. At the time, he said the cancellation of his visa was the latest in a list of “gripes and disrespect” by the United States.

Persons: Ferdinand “ Bongbong ” Marcos Jr, Joe Biden, Marcos, Gregorio Maria Araneta III, “, ” Araneta, Biden, Kamala Harris, Antony Blinken, Defense Lloyd Austin, Julio Amador III, Marcos ’, Rodrigo Duterte, China’s, Xi Jinping, ” Marcos ’, Ferdinand Marcos Sr, ”, Marcos family’s, Washington, Duterte, China “, Becca Wasser, Wasser, Barack Obama, Xi, “ I’ve, ” Duterte, Ronald “ Bato, dela Rosa, Dela Rosa, gripes, Toribio Adaci, hadn’t, Blake Herzinger, Herzinger Organizations: Reuters, U.S, Defense, ., Party, China, U.S . State Department, ” Reuters, Philippine, United, Foreign Ministry, ” ‘, People’s Liberation Army, Center, New, New American Security, CNAS, U.S . Department of Defense, U.S ., Initiative, Philippines National Economic Development Authority, United States, Philippine National Police, Washington, Forces, VFA, Mutual, China’s, U.S . Pacific Fleet, Cooperation Locations: Philippines, Philippine, Manila, United States, U.S, China, America, Asia, Taipei, Taiwan, Beijing, South, East Asia, Pacific, Washington, Hawaii, South China, It’s, American, Japan, South Korea, Australia, New American, Taiwan . U.S, Duterte, China’s, Guangdong

☆ A Cartier Ring Inspired by the Work of a 20th-Century Style Icon
▼ + stars: | 2023-11-28 | by ( Lindsay Talbot | ) www.nytimes.com time to read: +1 min

In 1847, Louis-François Cartier opened a modest jewelry workshop in Paris where he sold crystal bracelets, strands of pearls and brooches with floral motifs. In 1914, Louis Cartier met Jeanne Toussaint, the Belgian French style icon who would become his muse and rumored lover. Often immaculately dressed in her signature turban and silk pajamas, she captivated Cartier, who recruited her to oversee the house’s handbags and silver accessories. When Toussaint was appointed the creative director of the brand’s jewelry department in 1933, she, too, found unlikely inspiration in utilitarian objects: gas hoses, bolts and even handcuffs. Now, Cartier is revisiting Toussaint’s archival designs in the form of a ring topped with an 8.92-carat cabochon-cut emerald encircled by rounded onyx, diamonds and turquoise accents.

Persons: Louis, François Cartier, Louis Cartier, Santos pilot’s, Jeanne Toussaint, immaculately, Cartier, Toussaint, Elise Lebaindre Locations: Paris, Brazilian, Belgian French

☆ A rare blue diamond just sold for $44 million at a Christie's auction
▼ + stars: | 2023-11-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A rare blue diamond set in a ring sold for $43.8 million at a Christie's auction in Geneva. Christie's said that the 17.61-carat diamond, the Bleu Royal, is among the rarest to exist. AdvertisementAdvertisementA rare blue diamond set in a ring sold for 39.505 million Swiss franc ($43.8 million) at a Christie's auction in Geneva on Tuesday. The 17.61-carat Bleu Royal diamond is pear-shaped and is described as a "Fancy Vivid Blue" gem. "Large, vivid fancy color diamonds are extremely rare and very valuable," according to the Gemological Institute of America (GIA).

Persons: Christie's, —, Denis Balibouse, Reuters Christie's, Cartier, – Organizations: Gemological Institute of America, Service, GIA, Reuters Locations: Geneva

LONDON (AP) — Four men were charged Monday over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born. The toilet, valued at 4.8 million pounds ($5.95 million), was an artwork titled “America” and intended as a pointed satire about excessive wealth by Italian conceptual artist Maurizio Cattelan. It was part of an art installation at Blenheim Palace, near the city of Oxford, a few days before it vanished overnight in September 2019. The Crown Prosecution Service said Monday it has authorized criminal charges against four men, ages 35-39, over the theft. The golden toilet was fully functioning, and prior to the theft, visitors to the exhibition could book a three-minute appointment to use it.

Persons: Winston Churchill, Maurizio Cattelan, ”, Will, Matthew Barber Organizations: Crown Prosecution Service, Police, UNESCO, Guggenheim Museum, Thames Valley Police, BBC, Oxford, ’ Locations: Blenheim, Oxford, New York

☆ In diamond centre Antwerp, Russian gems are already shunned
▼ + stars: | 2023-11-03 | by ( Julia Payne | ) www.reuters.com time to read: +5 min

[1/5] Cut diamonds are seen at the diamond exchange in Antwerp, as the G7 weighs a ban on Russian diamond imports to reduce revenues for Moscow's war in Ukraine, Antwerp, Belgium, October 30, 2023. Other diamond firms in Antwerp, the world's biggest centre of trade in rough diamonds and cutting of the biggest gems, were asked to avoid Russian stones. Now, Western powers want to make the boycott official with a formal ban on Russian stones. Imports of Russian rough diamonds are now at less than 5% of pre-war levels, the source said. Most proposals under consideration by the G7 now focus on rough diamonds of 1 carat and above initially.

Persons: Johanna Geron, Thierry Tugendhaft, Van Cleef, Tugendhaft, De Beers, It's, Julia Payne, Elaine Hardcastle Organizations: REUTERS, Rights, European, World Diamond Council, EU, Thomson Locations: Antwerp, Ukraine, Belgium, Rights ANTWERP, Russia, Paris, Tiffany's, Cartier, Canada, Lesotho, South Africa, Botswana, India, United States, Japan, European Union, France, Antwerp . New

GENEVA, Nov 2 (Reuters) - The largest internally flawless fancy vivid blue diamond ever put up for auction could sell for up to $50 million at a Christie's sale of rare jewels in Geneva on Nov. 7, the auctioneer said on Thursday. Known as "Bleu Royal," this vivid blue diamond - which is set in a ring - is among the rarest ever to be unearthed. "What makes Bleu Royal so rare and special is its size. In 2016, Christie's sold a rare, 14.6-carat blue diamond known as the "Oppenheimer Blue" for more than $57 million. Two years ago the watch, now valued at between 1 million and 2 million Swiss francs, sold at auction for $2 million Swiss francs ($2.2 million).

Persons: Rahul Kadakia, Christie's, Oppenheimer, Kadakia, we've, Carola Chiadini, Denis Balibouse, Audrey Hepburn, Marlon Brando, Remi Guillemin, Guillemin, Gabrielle Tétrault, Farber, Cécile, Matthew Lewis Organizations: REUTERS, Thomson Locations: GENEVA, Geneva, Asia, Europe, Switzerland, Christie's

☆ Options for G7 discussion for a ban on Russian diamonds
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +5 min

Enforcement would be government regulated through customs at a single point of entry for rough diamonds and several G7 entry points for polished stones. The proposal said a single entry point would be needed for rough diamonds without specifying where. Antwerp would be the favoured option for Belgium and the city also already handles most of the rough diamond trade. WORLD DIAMOND COUNCILThe World Diamond Council, which includes the world's largest rough diamond producer by value, De Beers, has proposed a version of the ban that is largely self-regulating. Any diamond sellers would then have to include with the stone they sell a declaration called the "G7 Diamond Protocol Declaration" that the diamond is not Russian.

Persons: De Beers, Sellers, De, WDC, Julia Payne, Jan Strupczewski, David Evans Organizations: Reuters, World Diamond Council, Belgian, Export Promotion Council, WORLD DIAMOND, Diamond Council, Russian, Thomson Locations: Ukraine, Belgium, India, France, BELGIUM, Antwerp, Russian, Botswana, INDIA, Surat, Mumbai, FRANCE

LAS VEGAS (AP) — The Golden Knights raised their Stanley Cup championship banner in the most Las Vegas way possible. Captain Mark Stone placed the Stanley Cup next to an oversized slot machine on the ice Tuesday night before the season opener against the Seattle Kraken and pulled the lever. Vegas’ championship banner resides next to one that memorializes the victims of the Route 91 Harvest festival shooting with 60 stars representing each victim who died from that tragedy. But Vegas was competitive from the beginning, making the Stanley Cup Final in its first season before losing to Washington in five games, the Capitals celebrating on the Knights' ice after the clincher. When given another shot at the Cup, the Knights didn't let the opportunity go to waste.

Persons: Mark Stone, Gary Bettman, Al Davis, Engelland, Bill Foley's, Knights didn't, Reilly Smith, ___ Organizations: LAS VEGAS, Knights, Stanley, Seattle, Mobile, NHL, Las Vegas, Las Vegas Raiders, Green Bay Packers, Vegas, Washington, Capitals, Florida Panthers, Pittsburgh Penguins Locations: Vegas, Las

OSLO (AP) — The winner of the prestigious Nobel Peace Prize is being announced Friday, chosen by a panel of experts in Norway from a list of just over 350 nominations. Unlike the other Nobel prizes that are selected and announced in Stockholm, founder Alfred Nobel decreed that the peace prize be decided and awarded in Oslo by the five-member Norwegian Nobel Committee. People who can make nominations include former Nobel Peace Prize winners, members of the committee, heads of states, members of parliaments and professors of political science, history and international law. A day earlier, the Nobel committee awarded Norwegian writer Jon Fosse the prize for literature. Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine on Monday.

Persons: Vladimir Putin, Nelson Mandela, Barack Obama, Mikhail Gorbachev, Aung, Kyi, Alfred Nobel, Jon Fosse, Moungi Bawendi, Louis Brus, Alexei Ekimov, Anne L’Huillier, Pierre Agostini, Ferenc Krausz, Karikó, Drew Weissman Organizations: Belarusian, United Nations, Peace, Bank of Sweden, Economic Sciences Locations: OSLO, Norway, Ukraine, Belarus, Russia, Stockholm, Oslo, Norwegian, U.S, Swedish, French, Hungarian

STOCKHOLM (AP) — The Nobel Prize in literature will be announced Thursday, with the new laureate, or laureates, joining an illustrious list of past winners that ranges from Toni Morrison to Ernest Hemingway and Jean-Paul Sartre — who turned down the prize in 1964. Ernaux was just the 17th woman among the 119 Nobel literature laureates. The literature prize has long faced criticism that it is too focused on European and North American writers, as well as too male-dominated. The Nobel Peace Prize is awarded Friday and the Nobel Memorial Prize in Economic Sciences ends the awards season on Monday. The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel.

Persons: —, Toni Morrison, Ernest Hemingway, Jean, Paul Sartre —, Annie Ernaux, Ernaux, Moungi, Louis Brus, Alexei Ekimov, Karikó, Drew Weissman, Anne L’Huillier, Pierre Agostini, Ferenc Krausz, Alfred Nobel, ___ Corder Organizations: STOCKHOLM, Swedish Academy, North, MIT, Louis Brus of Columbia University, Nanocrystals Technology Inc, COVID, Economic Sciences Locations: Normandy, France, Hungarian, French, Swedish, The Hague, Netherlands

STOCKHOLM (AP) — Swedish media say the Royal Swedish Academy of Sciences may have announced the winners of this year’s Nobel Prize in chemistry prematurely. Public broadcaster SVT said the academy sent a press release by mistake early Wednesday that contained the names of the winners. The press release said the prize went to three U.S.-based scientists for the “discovery and synthesis of quantum dots,” according to SVT. On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19. The chemistry prize means Nobel season has reached its halfway stage.

Persons: Eva Nevelius, Heiner Linke, Anne L’Huillier, Pierre Agostini, Ferenc Krausz, Karikó, Drew Weissman, Carolyn R, Barry Sharpless, Morten Meldal Organizations: STOCKHOLM, Royal Swedish Academy of Sciences, Public, SVT, Associated Press, Academy of Sciences, ” Royal Swedish Academy of Sciences, Swedish, Dagens Nyheter, COVID, Nobel Foundation Locations: Sweden, French, Swedish, Hungarian, Danish

☆ Diamond prices are down but shoppers shouldn't expect cheaper jewelry this holiday season
▼ + stars: | 2023-10-01 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

According to the Zimnisky Global Rough Diamond Index, prices are the lowest they’ve been in a year. Shopper demand for diamond jewelry influences rough diamond prices and, to an extent, retail prices. The plummeting prices follow two record-breaking years in rough diamond sales. But a drop in rough diamond prices does not mean shoppers will see cheaper price tags in stores. “The stock market is performing relatively well and employment is strong,” he said, paving the way for a gradual recovery of rough diamond prices in 2024.

Persons: ”, Paul Zimnisky, “, Edahn Golan, ” Zimnisky, David Johnson, De Beers, Zimnisky Organizations: CNN, Industry, Retailers, De Locations: Retailers stoke, Golan, United States

Here are some things to know about the Nobel Prizes:AN IDEA MORE POWERFUL THAN DYNAMITEPolitical Cartoons View All 1190 ImagesThe Nobel Prizes were created by Alfred Nobel, a 19th-century businessman and chemist from Sweden. Though Nobel purists stress that the economics prize is technically not a Nobel Prize, it’s always presented together with the others. The Nobel Prizes project an aura of being above the political fray, focused solely on the benefit of humanity. The Norwegian Nobel Committee is an independent body that insists its only mission is to carry out the will of Alfred Nobel. To date, 60 women have won Nobel Prizes, including 25 in the scientific categories.

Persons: Alfred Nobel, Dynamite, ”, it’s, Nobel, Barack Obama, Liu Xiaobo, Albert Einstein, Mother Teresa, Jean, Paul Sartre, Le Duc Tho, Henry Kissinger, Ales Bialiatski, that’s Organizations: STOCKHOLM, Karolinska Institute, Nobel Foundation, U.S, Royal Swedish Academy of Sciences Locations: Scandinavia, Stockholm, Oslo, Swedish, Sweden, NORWAY, Norway, Norwegian, Beijing, China, Ukraine, Russia, Europe, North America

☆ Botswana reassessing HB Antwerp deal after Lucara Diamond cuts ties
▼ + stars: | 2023-09-28 | by ( Brian Benza | ) www.reuters.com time to read: +2 min

An over 1,000-carat uncut stone by Lucara Diamond is pictured during a press availability in New York City, New York, U.S., September 20, 2021. Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called "a material breach of financial commitments by HB". Diamond processor and trader HB Antwerp earlier this month removed one of its three co-founders, Oded Mansori, from management following differences over strategy. Mansori, who co-founded HB Antwerp in 2020 with partners Shai de Toledo and Rafael Papismedov, said he was taking them to court over his removal. HB and Lucara first entered into a diamond sales agreement in 2020, which was extended for 10 years in 2022.

Persons: Lucara Diamond, David, Dee, Delgado, Mokgweetsi Masisi, Masisi, Oded, Shai de Toledo, Rafael Papismedov, Lucara, Brian Benza, Nelson Banya, Mark Potter, Jan Harvey Organizations: REUTERS, Rights, HB Antwerp, HB Trading, HB, Okavango Diamond Company, Lucara, Thomson Locations: New York City , New York, U.S, Rights GABORONE, Belgian, Botswana

☆ One Russian diamond giant is halting sales in a desperate scramble to stop prices from plunging
▼ + stars: | 2023-09-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia diamond giant Alrosa is halting sales in a bid to boost diamond prices, according to Bloomberg. Diamond prices have struggled over the past year amid growing demand for lab-grown stones. The mining giant will pause sales of rough diamonds until November, Bloomberg reported on Wednesday, citing a company memo sent out to customers. That comes amid a freefall in diamond prices, which has only accelerated over the past few weeks. Russian diamonds are also facing a potential ban from the G7 nations, which could impact the price of diamonds of Russian origin.

Persons: Alrosa, De Beers, — Organizations: Bloomberg, Diamond, Service, Belgian Locations: Russia, Wall, Silicon

CNN —A lucky youngster got the birthday gift of a lifetime when she discovered a 2.95-carat golden brown diamond in Arkansas. The budding gemologist discovered the diamond while celebrating her seventh birthday at the Crater of Diamonds State Park in Murfreesboro, Arkansas, according to a news release from the park. Aspen Brown’s September 1 discovery “is the second-largest registered by a park guest this year, topped only by a 3.29-carat brown diamond discovered in March,” says the release. “Brown was visiting the park with her dad and grandmother to celebrate her birthday,” the release reads. The 37-acre field where visitors can search for treasures is the eroded surface of a volcanic crater, according to the park.

Persons: ”, “ Brown, Brown, ” Waymon Cox, “ It’s Organizations: CNN, Aspen Brown’s, Aspen Locations: Arkansas, Murfreesboro , Arkansas

☆ Diamond markets are tumbling because Americans love lab-grown stones
▼ + stars: | 2023-09-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

A surge in demand for lab-grown stones has weakened a key corner of the diamond market, Bloomberg reported. But synthetic stones are taking a bigger share of the diamond market. Lab-grown stones are faster-made, cheaper, and more environmentally friendly alternative to mined diamonds. Five years ago, synthetic diamonds sold at a 20% discount to natural stones. "Ultimately," he said, "they are different products and the finite and rarity of natural diamonds is a different proposition."

Persons: De Beers, Paul Rowley, Rowley Organizations: Bloomberg, Diamond, Service Locations: Wall, Silicon, India

☆ Basketball-sized gold coin worth ‘around $23M’ honors late Queen Elizabeth II
▼ + stars: | 2023-09-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

It was produced by the East India Company, a luxury lifestyle brand with rights to the name of the corporation that once controlled large swathes of Britain’s empire. Businessman Sanjiv Mehta, who acquired the rights to the East India Company in 2005, poses with the diamond-encrusted coin. The East India Company said its multi-million-dollar valuation was partly due to the quality of the materials and crafting processes, which involved artisans and experts from the UK, India, Singapore, Germany and Sri Lanka. The original East India Company operated for almost 300 years before its dissolution in 1874. “The Crown” took over a year to produce, meaning that it was underway before Queen Elizabeth died at Balmoral Castle in Scotland last September.

Persons: Queen Elizabeth II, Queen Elizabeth’s, Sanjiv Mehta, tiaras, ”, Queen Elizabeth, Mehta Organizations: CNN, East India Company, Sotheby’s, NBA, British Overseas, Government, Royal Household, Royal, Foreign and Commonwealth Office Locations: York, India, Singapore, Germany, Sri Lanka, Scotland, British Overseas Territory, St Helena

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