Sothesby’s will auction off a stunningly rare blue diamond in April. The rare beauty is expected to sell for up to $5.8 million, says Sothesby’s auction house. The diamond is pear-shaped, flawless, and 5.16 carats. It is the first blue diamond to be auctioned from the De Beers Millennium Jewels Collection. The Collection was unveiled [...]

As the diamond market struggles to regain its footing, yet remains ever volatile, the Gemological Institute of America (GIA) recently held a meeting with key industry leaders. On January 27, the leaders and the GIA converged in New York and consumer confidence was the main topic on the table. Avi Paz, president of the World [...]

Rockwell Diamonds, Inc. issued 110 million shares in December of last year in an attempt to pay down short-term debt and improve the firm’s bottom line. The shares were sold via private placement and Rockwell raised over $6.81 million as a result. The Canada-based company, which produces and acquires diamonds, sold its shares at $0.061 [...]

This year, Valentine’s Day is the perfect time to “pop the question”, and not just because of the holiday’s romantic nature. Diamond prices remain at very affordable rates, though they are not expected to stay at the current cost levels. Due to plenty of supply and a decreased demand, diamonds are hovering at very accessible price points. [...]