Diamond

Rare pink diamond aims for $30 million haul

Geneva - AFP

An extremely rare 37.3-carat pink diamond goes under the hammer Wednesday as the top offer at Sotheby's jewel sale, after rival auction house Christie's sold a whopping gem for nearly $34 million. The twice-yearly precious jewel sales held at glitzy hotels overlooking lake Geneva have been raking in eye-watering sums in recent years and the demand for coloured diamonds remainsRead more

Largest uncut diamond fetches whopping $53m

Abu Dhabi - Emirates Voice

A tennis ball-sized rough diamond unearthed nearly two years ago by Canada's Lucara Diamond Corp has been sold for $53 million, the Vancouver-based company said on Monday. The 1,109-carat stone, which is the world's largest uncut diamond, was bought by high-profile British diamond dealer Graff Diamonds for $47,777 per carat, and will now be cut and polished, Lucara said. TheRead more

Heart-shaped diamond sells for record $15 million

Abu Dhabi - Emirates Voice

The largest flawless heart-shaped diamond has sold for nearly $15 million in Geneva Wednesday, breaking a world record in its category, auction house Christie's said. The 92-carat diamond forms the centre-piece of a necklace of cultured pearls. The sale price of around $14.99 million (around 13.45 million euros) is a world record for heart shaped diamonds, Christie's spokeswoman Alexandra KindermannRead more

Ring worth Dh1,600,000 bought for Dh47

Abu Dhabi - Emirates Voice

A diamond ring bought for next to nothing in a London junk sale is expected to fetch up to 350,000 pounds (Dh 1,670,199) ($455,000, 405,000 euros), Sotheby's auction house said on Monday. The owner bought the 26-carat, white diamond ring for 10 pounds (Dh 47) in the 1980s and wore it while doing shopping and chores, thinking it was costumeRead more

UAE KP Chair to host special forum on rough diamond

Dubai - WAM

The UAE Kimberley Process Chair, Ahmed bin Sulayem, will host the third KP Chair Special Forum on rough diamonds on Sunday, alongside the upcoming Plenary Session, from 13th to 17th, November in Dubai. The event will discuss key issues facing the industry, with participants from 81 countries along with industry players from across the supply chain. The forum will buildRead more

Trump engagement ring fetches $300K

New York - Arab Today

A large diamond engagement ring that Donald Trump gave his second wife has sold for $300,000 at a New York City auction. The 7.45-carat emerald-cut, Harry Winston-designed ring is about the size of a postage stamp. It was bought on Wednesday by an anonymous phone bidder. Actress and TV personality Marla Maples had sold the ring at auction for $110,000Read more