Miner finds 442-carat diamond that may be worth $18 million
4 years, 4 months ago

Miner finds 442-carat diamond that may be worth $18 million

Live Mint  

A small diamond miner that has dug some of the world’s most valuable gems from a mountainous African kingdom has found another huge stone. Gem Diamonds Ltd. said it had an unearthed a 442-carat diamond at its Letseng mine in Lesotho. Two years ago Gem Diamonds found a 910-carat stone, the size of two golf balls, that sold for $40 million. “The recovery of this remarkable 442 carat diamond, one of the world’s largest gem quality diamonds to be recovered this year, is further confirmation of the caliber of the Letseng mine and its ability to consistently produce large, high quality diamonds,” Clifford Elphick, Gem’s chief executive officer, said in the statement.

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History of this topic

India becomes 2nd largest diamond market, crosses China
1 week ago

India becomes 2nd largest diamond market, crosses China

New Indian Express  

MUMBAI: Buoyed by the robust growth that has catapulted the country as the world’s second-largest diamond market overtaking China in 2024, apex trade promotion body Gem & Jewellery Export Promotion Council expects the domestic diamond industry to double by 2030 to become a $17 billion industry, while the overall gems and jewellery market will touch $130 billion by then from …

The biggest diamond in over a century found in Botswana, a whopping 2,492 carats
4 months, 3 weeks ago

The biggest diamond in over a century found in Botswana, a whopping 2,492 carats

Hindustan Times  

The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country's president showed off the fist-sized stone to the world at a viewing ceremony Thursday. Botswana's President Mokgweetsi Masisi looks at the 2492 carat diamond discovered in the Karowe mine in Gaborone on August 22, 2024 The Botswana government says the …

World's second-largest diamond found in Botswana, could fetch over $40 million
4 months, 3 weeks ago

World's second-largest diamond found in Botswana, could fetch over $40 million

Hindustan Times  

A 2,492-carat raw diamond discovered in Botswana is believed to be the world’s second-largest gem-quality sample ever unearthed, behind only the famed Cullinan diamond. The gigantic gemstone was found in Botswana’s Karowe diamond mine, which is wholly owned by Canadian mining company Lucara Diamond Corp. “We are ecstatic about the recovery of this extraordinary 2,492-carat diamond,” Lucara’s president, William Lamb, …

World's second largest diamond found in Botswana
4 months, 3 weeks ago

World's second largest diamond found in Botswana

Deccan Chronicle  

Gaborone: A massive 2,492-carat diamond -- the second largest in the world -- has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday. The diamond was discovered in the Karowe Diamond Mine in northeastern Botswana using x-ray detection technology, Lucara Diamond Corp. said in a statement. This find was "one of the largest rough diamonds …

The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats
4 months, 3 weeks ago

The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats

Associated Press  

GABORONE, Botswana — The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country’s president showed off the fist-sized stone to the world at a viewing ceremony Thursday. “This is history in the making,” said Naseem Lahri, Botswana managing director for Lucara Diamond Corp., the Canadian mining company that found the …

Botswana diamond: Huge 2,492-carat stone, believed to be world’s second-largest, found
4 months, 3 weeks ago

Botswana diamond: Huge 2,492-carat stone, believed to be world’s second-largest, found

CNN  

CNN — A massive 2,492-carat rough diamond, believed to be the second biggest ever found, has been unearthed in Botswana, according to a mining company. The huge stone is thought to be the biggest found since the 3,106-carat Cullinan Diamond was discovered in South Africa in 1905. Canadian mining company Lucara Diamond Corp. announced Thursday that the “exceptional” gem was …

World’s second largest diamond found in Botswana
4 months, 3 weeks ago

World’s second largest diamond found in Botswana

Al Jazeera  

X-ray technology used to find the 2,492-carat stone in the African country’s Karowe Diamond Mine. A 2,492-carat diamond – the second largest in the world – has been discovered in Botswana, says the Canadian mining company that found the stone. The diamond was discovered in the Karowe Diamond Mine in northeastern Botswana using X-ray technology, Lucara Diamond Corp said in …

World's second largest diamond found in Botswana
4 months, 3 weeks ago

World's second largest diamond found in Botswana

New Indian Express  

Gaborone: A massive 2,492-carat diamond -- the second largest in the world -- has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday. The diamond was discovered in the Karowe Diamond Mine in northeastern Botswana using x-ray detection technology, Lucara Diamond Corp. said in a statement. This find was "one of the largest rough diamonds …

Massive 2,492-carat diamond located in THIS country, largest in over 100 years
4 months, 3 weeks ago

Massive 2,492-carat diamond located in THIS country, largest in over 100 years

India TV News  

Gaborone: A giant 2,492-carat diamond has been discovered in the African country of Botswana by a Canadian mining company, which is the largest diamond found in over 100 years and second-biggest overall. The diamond was found at Karowe mine, about 500 km north of Botswana's capital, Gaborone, BBC reported. Botswana's government said it was the largest diamond ever discovered in …

Can anyone save the world’s most important diamond company?
5 months, 2 weeks ago

Can anyone save the world’s most important diamond company?

Live Mint  

In February 1908 Joseph Asscher, a master cutter of diamonds, cleaved the Cullinan at his workshop in Amsterdam. Whatever happens, De Beers’s change of ownership will mark the end of one of its most enduring relationships—Ernest Oppenheimer, Anglo American’s founder, joined the company’s board in 1926. For the industry, it signals the biggest shake-up since 2000, when De Beers abandoned …

Four diamonds worth Rs 70L found by farmers tilling land in Andhra villages
7 months, 2 weeks ago

Four diamonds worth Rs 70L found by farmers tilling land in Andhra villages

New Indian Express  

KURNOOL: The onset of the rainy season not only kindles hope in farmers but also precious stone hunters in a few villages of Kurnool district. In a span of weeks at least four diamonds worth Rs 70 lakh were reportedly found by lucky farm workers in villages of Tuggali and Maddikera mandals. Even on Friday evening, a semi-precious tone worth …

Trader flees with diamonds worth ₹26 crore
9 months, 3 weeks ago

Trader flees with diamonds worth ₹26 crore

Hindustan Times  

MUMBAI: A diamond trader from Malad has been booked by the Bandra Kurla Complex police in two separate First Information Reports for allegedly cheating two diamond traders of around ₹26 crore. “He took a 1685.92-carat cut and polished diamonds, princess cut fancy diamonds valued at around ₹21 crore in the first case,” said the police officer. In the second case, …

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims
11 months ago

Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims

Associated Press  

PHILADELPHIA — The muted sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewelry store in Philadelphia, where rustic artwork that mimics nature hangs on warmly-lit walls. Martin Roscheisen, CEO and founder of Diamond Foundry, said via email the power VRAI uses to grow a diamond is “about one tenth of the energy required …

India’s lab-grown diamonds: how they are faring
1 year, 6 months ago

India’s lab-grown diamonds: how they are faring

The Hindu  

“This one is a conversation starter,” says Vinaya Gupta. “They are gem quality, but lab-grown, planet positive and purse accessible,” says the 27-year-old entrepreneur shopping at Avira Diamonds, a swanky store that displays jewellery made of lab-grown diamonds in Chennai. The world is moving towards conscious living, and they align with that philosophy.” Aishwarya adds, “Having said that, we don’t …

Giant White Diamond 'The Rock' Makes Debut in Dubai, Expected to Fetch $30 Million at Auction
2 years, 9 months ago

Giant White Diamond 'The Rock' Makes Debut in Dubai, Expected to Fetch $30 Million at Auction

News 18  

A giant diamond nicknamed “The Rock” went on display for the first time in Dubai on Friday ahead of an auction where it is expected to fetch up to $30 million. The 228.31-carat pear-shaped gem, which was mined and polished in South Africa more than 20 years ago, is the largest white diamond ever to come to auction, said auction …

Four labourers unearth 8.22 carat diamond worth around Rs 40 lakh in a mine in MP's Panna
3 years, 4 months ago

Four labourers unearth 8.22 carat diamond worth around Rs 40 lakh in a mine in MP's Panna

Firstpost  

The diamond will be put up for auction on 21 September, proceeds from which would be given to respective miners after the deduction of government royalty and taxes Panna: After a wait of 15 years, a labourer and his three partners had a shower of good luck when they found an 8.22 carat diamond in a mine in Madhya Pradesh’s …

A booming market for artificial diamonds yet no match for the real thing
3 years, 4 months ago

A booming market for artificial diamonds yet no match for the real thing

Business Standard  

A booming market for artificial diamonds yet no match for the real thing Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds Premium Cast in stone: “The Spectacle”, a 100.94-carat colourless diamond from Russia that was sold for over $14 million in May 2021 …

Two mega diamonds unearthed in Botswana within weeks. What’s behind sudden rush?
3 years, 6 months ago

Two mega diamonds unearthed in Botswana within weeks. What’s behind sudden rush?

Hindustan Times  

An enormous 1,174-carat diamond was recently unearthed in Botswana, days after another huge precious stone was discovered in the African country. Apart from the recovery of the rare rock, the mining company also unearthed several other diamonds — weighing 471, 218 and 159 carats — of similar appearance, suggesting the 1,174-carat diamond was part of a larger diamond with an …

Huge 1,174-carat diamond unearthed in Botswana
3 years, 6 months ago

Huge 1,174-carat diamond unearthed in Botswana

CNN  

CNN — An enormous 1,174-carat diamond has been unearthed in Botswana, a mining company has said, the second massive diamond to be found in the country in the space of a few weeks. It is the third diamond of more than 1,000 carats found at the site, and it will now be made into “valuable collections of top colour polished …

Big diamond found in Botswana, could be world’s 3rd largest
3 years, 6 months ago

Big diamond found in Botswana, could be world’s 3rd largest

Associated Press  

GABORONE, Botswana — A huge diamond weighing more than 1,000 carats, which could be the third-largest mined in history, has been discovered in the southern African country of Botswana. The high-quality gemstone weighing 1,098.3 carats was unearthed earlier this month in the Jwaneng mine owned by Debswana, the mining company jointly owned by the Botswanan government and the De Beers …

One of the world’s largest diamonds has been unearthed in Botswana
3 years, 6 months ago

One of the world’s largest diamonds has been unearthed in Botswana

CNN  

CNN — One of the world’s largest diamonds has been unearthed in Botswana, the country’s government has announced. The 1,098-carat stone, believed to be the third largest “gem-quality” diamond ever found, was presented to President Mokgweetsi Masisi on Wednesday. An official government Twitter account wrote that “proceeds from the diamond will be used to advance national development in the country.” …

Botswana says it has found the world’s third-largest diamond
3 years, 6 months ago

Botswana says it has found the world’s third-largest diamond

Al Jazeera  

The 1,098-carat diamond is the biggest stone of gem quality to be found in the history of the Debswana company. Botswanan diamond firm Debswana has said it unearthed a 1,098-carat stone that it described as the third-largest of its kind in the world. “It brings hope to the nation that is struggling.” The yet-to-be named stone, which measures 73mm long, …

Merlin diamond mine in remote Northern Territory to sell for $8.5 million
3 years, 7 months ago

Merlin diamond mine in remote Northern Territory to sell for $8.5 million

ABC  

A diamond mining company with interests in Angola and Lesotho has struck a deal to buy the Northern Territory's Merlin diamond mine for $8.5 million. Key points: Lucapa Diamonds agree to buy the Merlin diamond mine in the NT The mine produced Australia's largest rough diamond on record Previous owner and Melbourne businessman Joseph Gutnick declared bankruptcy in 2016 The …

World’s No. 1 jewellery maker is ditching mined diamonds
3 years, 8 months ago

World’s No. 1 jewellery maker is ditching mined diamonds

Live Mint  

Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods. A host of lab-grown-diamond makers and retailers have sprung up in recent years, keen to target customers with more affordable stones that aren’t marred by …

MP farmer finds 14.98 carat diamond in patch of land leased for Rs 200
4 years, 1 month ago

MP farmer finds 14.98 carat diamond in patch of land leased for Rs 200

India TV News  

A farmer in Madhya Pradesh's Bhopal has found a 14.98-carat diamond in a 10x10 patch of land that he had taken on lease last month for just Rs 200, The TOI reported. Yadav has now bought a motorcycle with the first Rs 1 lakh he got after depositing the diamond with the district administration. Earlier in November, a 24-year-old man …

From carats to peanuts: how a pandemic upended the global diamond industry
4 years, 5 months ago

From carats to peanuts: how a pandemic upended the global diamond industry

The Hindu  

As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. “There are a lot more enquiries from people seeking to buy these luxury stones as a hedge,” said Chris Del Gatto, CEO of the DelGatto Diamond Finance Fund, the largest non-bank lender to …

JACKPOT! Labourer finds diamonds worth Rs 35 lakh in Panna mine
4 years, 5 months ago

JACKPOT! Labourer finds diamonds worth Rs 35 lakh in Panna mine

India TV News  

In a stroke of luck, a labourer became rich overnight when he unearthed three diamonds worth Rs 30 lakh to Rs 35 lakh at a diamond mine in Panna district of Madhya Pradesh, a senior official said on Thursday. While digging a shallow mine, the labourer, identified only as Subal, found three diamonds with net weight of 7.5 carat, Panna …

Researchers find UK's Crown Jewels and Smithsonian's Hope diamonds came from 'super deep' in the Earth
4 years, 6 months ago

Researchers find UK's Crown Jewels and Smithsonian's Hope diamonds came from 'super deep' in the Earth

Firstpost  

The largest rough diamond ever found, weighing 3,106.76 carats was unearthed in South Africa in 1905 and presented to King Edward VII as a gift. According to a report in Phys.org, this means that the Smithsonian’s famous Hope diamond may actually have originated from more than three times deeper in the Earth than other diamonds. A report in Daily Mail …

Louis Vuitton just bought the world’s second-biggest diamond
4 years, 11 months ago

Louis Vuitton just bought the world’s second-biggest diamond

CNN  

CNN — Louis Vuitton has just bought the world’s second-largest diamond, another sign of the French brand’s ambitions in the luxury jewelry market. Lucara Diamond Corp “The purpose of this unprecedented collaboration between a miner, a cutting-edge manufacturer and a large luxury brand will be the planning, cutting and polishing of a collection of diamonds from Sewelô,” said the press …

Louis Vuitton purchases world's second-biggest diamond
4 years, 11 months ago

Louis Vuitton purchases world's second-biggest diamond

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Why the newly discovered, second-biggest diamond ever is not worth as much as you’d think
5 years, 8 months ago

Why the newly discovered, second-biggest diamond ever is not worth as much as you’d think

CNN  

CNN — The recent discovery of the second-biggest diamond in history – a staggering 1,758-carat stone – is a remarkable find, but there’s a debate over its real market value. However, the company said the newly found diamond is “a near-gem of variable quality,” which means that, as far as diamonds are concerned, the size of the stone is not …

Botswana unveils blue diamond to rival the Hope Diamond
5 years, 8 months ago

Botswana unveils blue diamond to rival the Hope Diamond

CNN  

CNN — Botswana has unveiled a blue diamond whose value could outstrip that of the storied Hope Diamond: the 20.46-carat, close-to-flawless Okavango Blue. Found as a 41.11-carat rough stone in the Orapa mine operated by the producer Debswana, the jewel is the largest blue diamond ever found in Botswana. Like the Hope Diamond – which likely originated in Golconda, India …

1.1 kg and 5,655 carats: An emerald like no other has been unearthed in Zambia
6 years, 2 months ago

1.1 kg and 5,655 carats: An emerald like no other has been unearthed in Zambia

CNN  

CNN — The world’s largest producer of green stones has unearthed a 5,655-carat emerald crystal at its mines in Zambia. The emerald is being called “Inkalamu,” which means “lion” in the local Zambia Bemba language. The 5,655-carat Lion Emerald Gemfields It has “remarkable clarity and a perfectly balanced golden green hue,” the statement said. 03:09 - Source: CNN “We are …

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