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Investors Clamor for Large and Colored Diamonds
In 2005, jeweler Laurence Graff purchased a 50.01-carat diamond for $4.2 million. He then sold it, but when the gem went on the market again in 2012, Graff had to pay $8.4 million to get it back. The fact that the price of an individual stone doubled over the course of 7 years speaks to [...]
It’s Raining Diamonds
photo via Flickr Or rather, it would be if we were on Jupiter or Saturn. A pair of scientists recently announced that the two planets could be producing as many as 10 million tons of diamonds. They believe that large chunks of the precious stone are floating in the planets’ atmospheres and that, at [...]
EU Ends Sanctions on Diamonds from Zimbabwe
An official statement released by the European Union confirms their decision to resume doing business with the Zimbabwe Mining Development Corporation, ending its ban on the importation of rough diamonds from the nation. Zimbabwe’s diamond exports were suspended under the Kimberley Process in 2009 due to allegations of human rights abuse and corrupt military [...]
