GemFind Weekly Newsletter March 21st, 2017

De Beers Buys Out LVMH, Now Owns All of Retail Chain

JCK                     March 21

The diamond giant and luxury giant have been 50-50 partners in the joint venture since it was first announced in 2001. The chain, meant to take advantage of consumer awareness of the De Beers name, opened its first store in London that year. 

Dominion Diamond Receives $1.1Bn Offer From Billionaire Dennis Washington

IDEX                             March 21

Billionaire Dennis Washington has gone public with a $1.1 billion offer for Canada's Dominion Diamond Corp. following weeks of private talks which are stalemated. Washington Cos. proposed $13.50 a share for Dominion Diamond last month, but Dominion’s board has stalled on the offer, 

59-Carat ‘Pink Star’ Diamond Could Fetch At Least $60 Million In Sotheby’s Second Attempt To Sell It

Jewelry News Network        March 20

“The Pink Star” diamond will be given a second chance to smash world auction records. The Largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Gemological Institute of America will be placed on the auction block for the second time at Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale on April 4.

Softly does it: the allure of unusual coloured diamonds

The Jewellery Editor          March 13 

Some of the most memorable gems The Jewellery Editor team saw at Paris Couture Week were De Beers’ Master Diamonds in unusual hues, from Fancy Dark Brown Yellow to Fancy Greenish Yellow. But most arresting was a 4.27-carat Fancy Grey marquise-cut diamond with a hint of blue set into a ring, below.