Anglo American is reporting that DeBeers' rough diamond sales during the eighth cycle of 2020 brought in $467 million USD. Not only is this is a significant surge over 2020's seventh cycle, which brought in $334 million, it's a noteworthy increase of 57% over the $297 million realized during the same cycle in 2019.
A private, anonymous collector bidding by phone from Japan is the new owner of the first high-value item of its kind ever offered "without reserve" by Sotheby's. Originally a 271 carat rough diamond unearthed in 2018 at the Victor Mine in Ontario, Canada, it was cut into this 102.39 carat D Flawless oval shape by Diacore.
IGI has provided insight and advice to diamond, gem and jewelry industry professionals in tandem with JCK Online's sponsored-content initiative: "Solving New Trends in the New Normal" addresses explosive growth in two disruptive industry areas.
Following a 40 day period of submissions and evaluation, IGI’s international panel of prestigious judges has advanced 30 design concepts to the final round of the 2020 IGI JEWEL Jewelry Design Contest. These creative works, which can be seen here, were selected for creativity, use of materials, budget, feasibility of production and wearability.
Another independent analysis has concluded that IGI's loose diamond grading ranks among the world's strictest. In an independent comparison of dual-certified diamonds IGI's color grading was stricter than that of GIA in a majority of cases, with clarity the same or stricter in most cases, as well.
An exceptionally rare, clear diamond "the size of a lollipop" is being offered without reserve at auction by Sotheby's. According to the auction house, an item of this historic importance and value has never been offered with no-reserve before.
The last two 100+ carat diamonds, unearthed over a span of 48 hours, are the 10th and 11th gem-quality stones weighing more than 100 carats found at Letšeng this year. At an elevation of more than 10,000 feet, the world's highest diamond mine also boasts the world's highest value-per-carat.
The Argyle Diamond Mine in the remote east Kimberley region of Western Australia is scheduled to close by the end of 2020 following nearly forty years of production. "One Lifetime, One Encounter" is an auction event, offering a collection of the rarest diamonds extracted there over a year's production.