A 204.36-carat, fancy-intense-yellow diamond with a high estimate of $5.5 million is set to lead the New York sale at Christie’s next month.The cushion modified brilliant-cut, VVS2-clarity stone, called The Dancing Sun, is the largest polished diamond originating in North America, having been.
RAPAPORT. Forevermark will change its name to De Beers Forevermark, enabling the retail brand to capitalize on the miner’s reputation and sustainability efforts, a spokesperson confirmed to Rapaport News last week.“Creating a stronger association between the De Beers name and Forevermark.
GIA Offers Grant for Diamond Council Graduates
RAPAPORT. The Gemological Institute of America (GIA) has provided $25,000 in scholarships that will fund distance-education courses for graduates of the Diamond Council of America (DCA).
The money will enable individuals who have graduated from at least one course at the DCA to continue their education at the GIA in a number of courses, the DCA said Monday. Students may use scholarships to pay for classes in jewelry essentials, colored-stone essentials, diamond essentials, pearls, colored stones, diamonds and diamond grading, and gem identification.
“DCA appreciates this exceptional gesture by GIA to work together to provide our students an opportunity to continue their education and improve their professional profile,” noted DCA CEO Terry Chandler. “This generous grant will allow DCA students to continue their education in advanced coursework offered only by GIA.”
De Beers Sales Stall Amid India Slowdown
RAPAPORT. De Beers registered its weakest sales total since August as rough demand wobbled during India’s Covid-19 wave.
The fourth sales cycle of 2021 saw proceeds of $380 million, down from $450 million in the third cycle, the miner reported Wednesday. Revenues included the sight that took place in early May, as well as auctions.
“We continue to see robust demand for diamond jewelry in the key US and China consumer markets,” said De Beers CEO Bruce Cleaver. “However, the scale of the second wave of Covid-19 in India, where the majority of the world’s diamonds are cut and polished, has led to reduced midstream capacity and subsequently lower rough-diamond demand, during what is already a seasonally slower time of year for midstream purchases.”
Rio Tinto will unveil a record number of diamonds over one carat at its final pink-diamond tender, including the largest fancy-intense pink it has ever offered for sale.The 3.47-carat stone, known as the Argyle Eclipse, will headline the Argyle Pink Diamonds Tender, which has run since 1984..