Tag: DMCC

Hundreds of diamond traders come together during COVID-19

A large group of international diamond manufacturers and traders have come together in search of an independent, transparent, innovative third party operated polished diamond trading and buying platform, for diamond traders and retail jewelers worldwide. The initiative was born on March 20, 2020, immediately after the Rapaport Group (RG), which
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Lulo Mine Reserves Jump by 25%, Estimated Price Per Carat Soars

Lucapa Diamond Company has revised its estimated diamond reserves at the Lulo mine in Angola, reporting that they are higher by 25% than previously thought.   Credit: Lucapa   According to IDEX Online, “independent consultants have assessed in-situ resources as 100,700 carats, more than five times the 2019 output of
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Triple X Diamonds

Triple X diamond is a trade term referring to stones that have Excellent cut, polish and symmetry on their GIA grading reports. GIA does not use this term but many jewelers do. Does Triple X rating matter and should you pay more for a Triple X diamond? In this blog
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Gem Diamonds Finds Huge 114-Carat Diamond at Letšeng

More good news from the Letšeng mine in Lesotho: Gem Diamonds has announced the recovery of a high-quality white diamond weighing 114 carats – the second diamond bigger than 100 carats it has found this year.   Credit: Gem Diamonds   In February, Gem Diamonds recovered an exceptional 183 carat
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Alrosa Finds First-Ever Colored Diamond at the Verkhne-Munskoye Deposit

Russian mining giant Alrosa has unearthed its first colored rough diamond at the new Verkhne-Munskoye deposit in Yakutia. The deposit started operations in 2018.   Credit: Alrosa   The stone is a bright yellow gem-quality diamond weighing 17.44 carats, recovered in mid-February from the Zapolyarnaya kimberlite pipe. In a press
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