Diamond

A new auction record was reached when the Pink Star went for $71.2 million, at a Sotheby’s auction Tuesday in Hong Kong . It was sold just five minutes into bidding, the BBC reports. The Pink Star is the largest flawless fancy vivid pink diamond ever graded by the Gemological Institute of America. The diamond had failed to sell in November 2013 when the buyer could not pay for its value at that time which was placed at $83 million.

The gorgeous bauble was purchased by well-known Hong Kong jeweler Chow Tai Fook and was immediately renamed the CTF Pink in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook, and commemorates the brand’s 88th anniversary.

Diamonds still enjoy an absolute freedom of movement, unlike other goods. People can go wherever they want with them, because diamonds are still seen as a commodity

The Diamond Promotion Service’s Real Is Rare television advertising campaign, which is the first major generic advertising effort to be launched since such activity was suspended by De Beers more than 10 years ago

Maurizio Spoldi, CEO of DSC, Diamond Service Company, is an expert in all fields related to diamonds, including the investments in natural gems.

It is not really the volume of synthetic diamond production that is alarming the industry, but rather the possibility that synthetic diamonds are being traded undisclosed…

After the economic, financial and especially political turbulence that saw new actors on the international scenario and characterised the year 2016, the diamond market still gives reassuring signs.

The correct price of a diamond for investment is the result of specific elements.

On November 7, one of Israel’s leading diamond corporations, the Dalumi Group, announced that it had purchased a company called Zoara.com, an online luxury jewelry retailer that is active in more than 40 countries, selling loose diamonds, diamond engagement rings and diamond jewelry. Founded in 2008, Zoara.com is an e-commerce platform devoted to the exclusive sale of loose diamonds, luxury jewelry and precious gemstones. Operating on a multilingual and multi-currency digital platform, local versions of its website are available the United States, Canada, the United Kingdom, Australia, New Zealand, Argentina, Valenzuela, Peru, Mexico, Spain, France, Germany, Hong Kong, Taiwan and China. According to the announcement put out by the two companies, Zoara.com will now enjoy direct access to wholesale suppliers within the diamond industry, enabling it to present an updated online product catalog of luxury jewelry and more than 200,000 loose diamonds, which the companies said is unprecedented in terms of its volume and variety in the market.