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Why the Market for Large Diamonds Is in Free Fall
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As the who’s who in the glitzy world of high-valuediamond auctions gathered in Geneva in May, there was an understated tone tothis year’s pilgrimage to the Swiss city. While Sotheby’s and Christie’s playedup their offerings of magnificent jewels,...
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Polished Markets
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Jul 02, 2019
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Joshua Freedman
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Lesedi La Rona May Once Have Been 2,774ct.
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The second-largest diamond in history was probably twice as big before it broke into pieces, researchers at the Gemological Institute of America (GIA) have claimed.Similarities between the 1,109-carat Lesedi La Rona, the 812-carat Constellation and three...
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Mining
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Dec 20, 2018
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Joshua Freedman
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Graff Unveils Polished from 1,109ct. Lesedi La Rona
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Graff Diamonds has showcased the first of more than 60diamonds it plans to polish from the 1,109-carat Lesedi La Rona rough stone itbought last year.They include two D-color, flawless diamonds mounted on rings, of which one...
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Polished Markets
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Nov 12, 2018
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Rapaport News
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Israel to Polish Large Diamonds from China
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Chinese diamond companies will send large stones forpolishing at a new manufacturing facility in Israel, the Middle East nation’sindustry body said. Bourses in the two countries reached the agreement thisweek during a visit to Israel by Lin...
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Manufacturing
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Jun 28, 2018
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Rapaport News
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Sotheby’s Offers Rare 102ct., D-Flawless Diamond
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Sotheby’s has unveiled a rare white diamond that, it claims,is the only known round brilliant-cut diamond over 100 carats possessing the highestcut, color and clarity grades.Sotheby’s Diamonds, the group’s retail boutique, revealedthe...
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Polished Markets
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Feb 08, 2018
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Rapaport News
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Big Stones Lift Gem Diamonds Results
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Improved production of large diamonds at the high-value Letšeng mine in Lesotho drove an increase in Gem Diamonds’ sales in 2017. Sales jumped 12% to $206.8 million for the year, the minersaid Friday. While the overall sales...
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Mining
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Feb 04, 2018
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Rapaport News
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Letšeng Sees Large-Stone Recovery
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Gem Diamonds has recovered two large rough diamonds at itsLetšeng mine in Lesotho, it said Monday. The “high-quality,” type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The...
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Mining
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Jan 08, 2018
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Rapaport News
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Letšeng Finds Seventh Big Diamond of the Year
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Gem Diamonds recovered a 202-carat rough diamond at its Letšeng mine in Lesotho, bringing the number of100-carat-plus stones the company has found this year to seven, it said Wednesday. The recovery of the D-color,type-IIa diamond comes...
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Mining
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Nov 23, 2017
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Rapaport News
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Gem Diamonds Enjoying Large-Stone Boom
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As a producer of large rough stones, Gem Diamonds relieson high-end consumer demand more than many companies in the industry do.Fortunately for the London-based miner, the recovery of the Asian market thisyear has ensured strong...
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Mining
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Nov 07, 2017
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Joshua Freedman
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Rapaport to Auction 709ct. Peace Diamond
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RAPAPORT PRESS RELEASE, October 15, 2017, New York… The Governmentof Sierra Leone is pleased to announce the appointment of the Rapaport Group asthe marketing and sales agent of the Peace Diamond. This 709-carat diamond,discovered...
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Rough Markets
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Oct 15, 2017
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Rapaport
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Graff Buys Iconic 1,109ct. Diamond for $53M
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Lucara Diamond Corp. has sold the 1,109-carat Lesedi La Ronato Graff Diamonds for $53 million — a price well below what the miner initiallywanted for the record-breaking stone.Graff spent $47,777 per carat on the...
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Rough Markets
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Sep 26, 2017
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Rapaport News
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Lucara Supports Botswana’s Rough-Buying Bid
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Lucara Diamond Corp., which discovered the 1,109-carat LesediLa Rona almost two years ago, said a proposed law giving the Botswanagovernment priority to buy large rough diamonds would not affect the company.A draft...
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Mining
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Sep 25, 2017
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Rapaport News
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Letšeng Mine Yields 115ct. Diamond
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Gem Diamonds has unearthed a 115-carat rough diamond, asthe company’s shift to a more lucrative part of its Letšeng mine continues toyield an improvement in recoveries of large stones.The D-color, type-IIa diamond is the sixth stone above100 carats...
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Mining
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Sep 19, 2017
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Rapaport News
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Alrosa Could Keep More Large Stones in Russia
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Alrosa may increase its supply of large rough diamonds toRussian cutters, under a government program to boost the domestic manufacturing industry,the miner said.At present, 2% of Alrosa’s total production consists ofdiamonds weighing 2 carats or more, with...
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Rough Markets
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Sep 12, 2017
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Rapaport News
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Letšeng Yields 126ct. Rough Diamond
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Gem Diamonds has recovered a “high-quality” rough diamond weighing 126 carats at its Letšeng mine, following a switch to a more lucrative section of the project in Lesotho, the company reported Thursday.The D-color, type-IIa stone is the latest...
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Mining
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Jul 06, 2017
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Rapaport News
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Lulo Sees Double-Digit Sales Growth
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Rough-diamond sales from the Lulo mine in Angola rose 58% inthe second quarter, reaching $4.8 million, owner Lucapa Diamond Companyreported Wednesday.First-half sales slumped 41% to $15.4 million, partly because in the same period...
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Mining
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Jul 05, 2017
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Rapaport News
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Letšeng Bears Two Diamonds over 100cts.
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Gem Diamonds has recovered two rough diamonds larger than 100carats at its Letšeng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday.The heavier of the two, at 151.52 carats,...
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Mining
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Jun 12, 2017
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Rapaport News
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Gahcho Kué Yields 85ct. Diamond
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Mountain Province Diamonds has recovered the largest stone yetfrom its Gahcho Kué mine in Canada, the company said Wednesday.The rough diamond weighs 84.65 carats and will feature inMountain Province’s upcoming sales...
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Mining
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Jun 01, 2017
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Rapaport News
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Letšeng Yields 98ct. Rough Diamond
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Gem Diamonds has discovered a 98.42-carat rough diamond atits Letšeng mine in Lesotho, the company said Tuesday.The miner will sell the D-color, type-II diamond in June,alongside an 80.58-carat stone unearthed earlier this month. During...
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Retail
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May 23, 2017
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Rapaport News
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374ct. Diamond Fragment Fetches $17.5M
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Lucara Diamond Corporation has sold a stone that was originally part of the second-largest rough diamond in history for $17.5 million.The 373.72-carat rough, which broke off the Lesedi La Rona diamond during theproduction process,...
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Mining
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May 14, 2017
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Rapaport News
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