This week in the world of diamonds:
The jeweller behind Meghan Markle’s ring, Cleave and Company, won’t be making replicas of the diamond trilogy ring despite the wave of requests they’ve received. Are you dreaming of your very own fit-for-a-princess replica? Get expert advice here.
The customisable Aurora Engagement Ring, unique to Hatton by Design.
The diamond industry continues to push for inclusion, with the South African Mining Charter setting quotas to include at least 25% black female representation at board level, increasing to 44% at junior-manager level. The long-ingrained traditional aspects of the mining occupation are still prevalent, yet the mining industry is making proactive steps towards encouraging and supporting women to go out for leadership positions. To find out more about recent gender diversity findings, click here.
Revolutionising the fashion and jewellery auction format is California auction house GWS Auctions; last weekend they succeeded in live-streaming a catwalk show, where everything on display was up for sale. This enabled viewers from all over the world to view the items on auction and put in bids from afar. The lots included Elizabeth Taylor’s solid gold 18-karat ring and a Vietnamese royal ring set with a yellow gold diamond, worth $300,000.
A Russian mining company’s Dynasty collection of diamonds sold well to anonymous buyers, averaging 30% higher than estimated selling prices. Alrosa, the world’s largest diamond mining company (by volume), unfortunately withdrew their centrepiece of this collection due to insufficient bidding. Called the Dynasty diamond, it is a 51.38-carat, 57-facet brilliant-cut diamond. It has also been named the purest of all large diamonds manufactured in Russian jewellery history. The item will return to auction on the 29 November. Stay In The Know on the HBD Blog.
The Peace Diamond was up for auction in New York this week. This 709-carat Sierra Leone discovery is one of the biggest diamonds ever unearthed, and sold for $6.5m (£4.8m) to Graff Diamonds, a luxury jewellers based in Mayfair. This price point is actually remarkably low for the stone – an earlier, larger bid of $7.8m was rejected. Nonetheless, half of the proceeds will be returned to Koryardu, Sierra Leone in the form of infrastructure projects, in order to greatly benefit the local community.