Diamond

Diamond Market Worsens in September

fafa

RAPAPORT PRESS RELEASE, October 12, 2023, Las Vegas… Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production.

The RapNet Diamond Index (RAPI) for 1-carat diamonds fell 5.2%, making it the worst month for that category since the peak of the Covid-19 downturn in March 2020. The 0.30-carat RAPI dropped 3.5%, while the index for 0.50-carat goods slid 7.1% and 3-carat diamonds declined 2.5%.

The RAPI only reflects D to H colors and IF to VS2 clarities. Prices for 1-carat, DL, SI1-SI2 items on

…
Read More
Diamond

When fake news started a diamond rush in Surat

fafa
Gujarat’s Surat saw a manic situation on Sunday after fake news about a trader throwing diamonds on roads began circulating, leading to a diamond rush in the city’s Mini Bazaar area.

As per a report in The Times of India, rumors began to circulate around 9 am on Sunday, with whispers that an unlikely trader had tossed CVD (a type of lab-grown diamond) gems onto the road after they reportedly plummeted by a staggering price 30%.

Word of this potential windfall quickly spread, prompting a rush of people eager to collect the diamonds. However, it was later

…
Read More
Diamond

New research may offer clues in search for rare pink diamonds

fafa

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advances and more.



CNN
—

Pink diamonds are extremely rare and coveted — a now-closed mine in Australia has been the source of 90% of the colored gemstones. Polished pink specimens of the highest grade can sell for tens of millions of dollars. But a discovery made in the same area may help reveal new deposits of the jewels, researchers say.

Scientists studying Western Australia’s Argyle diamond deposit, where the mine was located, say they now have a better understanding of the

…
Read More