Louis Vuitton Acquires a Massive 549-Carat Rough Diamond From Botswana

Louis Vuitton has another monster-size rough diamond on its hands. Earlier this year, the Parisian luxury house announced it had acquired the second largest diamond on the planet, known as the Sewelô, that weighed in at 1,758 carats. The maison followed up today with news that it has acquired a 549-carat rough diamond, named the…

South Africa’s Diamond Polishers Shine in Lockdown

South Africa’s diamond industry, famed for sales the world over, is looking closer to home to revive its fortunes following the coronavirus slump. Even before the new virus triggered the COVID-19 pandemic, diamond prices and demand were weak. Global economic weakness has exaggerated that and Anglo American’s De Beers unit last week reported a plunge in earnings.

Russia Plans $1 Billion Investment in Venezuela’s Gold, Diamond Projects

Russia could be looking to invest up to $1 billion in Venezuela’s mining projects with a focus on gold and diamonds, according to Russian media reports. Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro met in Moscow on Wednesday in what was Maduro’s fourth visit in the last two years. The sum of…

Mark Cuban Invests In a Business That Turns Human Ashes Into Diamonds

Billionaire Mark Cuban is known for his tech investments — but on Sunday’s “Shark Tank,” Cuban diversified in a unique way.  Cuban invested six figures in Eterneva, a business that turns human or animal ashes or hair into diamonds. “What we do is grow real diamonds from the carbon in someone’s ashes,” Garrett Ozar, who…

Are Investing in Diamond Worth The Risk?

Why buy a diamond? It’s a question most would answer quite simply: as a symbol of love, either to a special person in one’s life or as a beautiful reward to oneself. In the pursuit for a purchase that encapsulates the emotion of love, a diamond is one tangible way to express intangible qualities, such…

Joy Alukkas to open world’s biggest jewellery shop in Chennai

The world’s favorite jeweller opens the world’s biggest jewellery showroom in Chennai, India. With over 70,000 sq. ft of premium jewellery shopping in the heart of Chennai, Joyalukkas jewellery offers consumers more than a million exquisite jewellery designs from master jewellers in India, Bahrain, Turkey, Singapore and Italy. With the opening of the first showroom…