A 910-carat diamond, which is believed to be the world’s fifth largest diamond, has been unearthed in Lesotho.
The stone was discovered in Letseng mine by Gem Diamonds, a UK miner with operations in Botswana and Lesotho.
Clifford Elphick, Gem Diamonds’ chief executive, says the find is a “landmark discovery” and is the largest diamond ever mined by the company. Gem Diamonds shared rose 15% after news of the find.
This is just the latest find by Gem Diamonds. In Aug. 2006, the company mined “Lesotho Promise,” a 603-carat diamond in Letseng mine. At an auction in Antwerp, Belgium less than two months later, Lesotho Promise was sold for $12.3 million—around $20,000 per carat. Analysts say the newly discovered 910-carat diamond could be worth as much as $40 million.
Positive Diamond Industry Update
Positive sentiment as US and Belgium markets close for Christmas. Dealers now focused on Chinese New Year demand. Trade optimistic for 2018, with expectations for global economic growth as US passes most drastic tax overhaul in 30 years. Cutters concerned about tight profit margins ahead of anticipated 1Q rise in rough prices. Graff buys 476 ct Sierra Leone Meya Prosperity rough diamond for 16.5M. India’s November polished exports +50% to 1.8B
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We love hearing from our clients! Thank you to Wendy, who took the time to write us a 5 Star review on Yelp and send us these beautiful pictures of her wearing her ring!
“My journey for finding the perfect diamond began a little over a year ago. My sweet husband wanted to upgrade my wedding ring and let me be in 100% control of the choosing process to ensure I get exactly what my heart desired. I knew I wanted to travel to NYC and visit the Diamond District but that street can be pretty overwhelming if you’re just walking in to look and not knowing if the person you’re speaking to is one to trust with such a very important, valuable purchase. I decided to extensively research online in hopes of finding the right match and that’s when I came across Keith Saxe and his phenomenal reviews. Upon reading what many people had to say, I felt compelled to contact him and he did not disappoint! He was very attentive in listening to what exactly I was looking for and was very informative and genuinely interested in helping me obtain my goal.
Fast forward to a year later and we were finally able to make the trip to NYC and to finally meet Keith in person. He was very professional, informative, not pushy at all, kind and generally a great human being who truly cared about us and what we were looking for. He gave us multiple choices to look at and explained in great detail the qualities of each diamond and which one he felt in his professional opinion checked all my boxes within my budget. It was the perfect diamond for me at a great price!! Next came the setting in which I was very specific about as well and Keith and his team custom made it to my exact specifications and it turned out better than I could have imagined. I received my ring yesterday and saw it all together for the first time and needless to say I’m over the moon excited and couldn’t be more thankful to Keith and his team for such an awesome, meaningful experience! I would highly recommend Keith to anyone looking for jewelry and his access to beautiful stones and his knowledge and expertise are truly something to trust.
Keith, Bill and I want to thank you for such an amazing experience from the start. Thank you for your patience and helping me fulfill such a special gift from my husband and we look forward to many more experiences!”
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ANYTHING STACKABLE!There is still time to place your order for Holiday Delivery!
(212)719-2214 or Email us anytime at KS@NYCWD.com
We are very excited to brag about not one, but three of our NYCWD clients.
Check out one of our recently engaged couples, who are being featured on Wedding Wire’s spotlight for having one of the most creative Engagement Announcement Photos. And the amazing photographer also featured in Wedding Wire’s feature story, also happens to be an NYCWD client!
Check out the reviews these wonderful client’s took the time to write about their experiences with NYC Wholesale Diamonds.
“I want to thank Keith for the best diamond engagement ring ever!!! We were in NYC for business. I had no intensions of buying a ring. After seeing an associate’s gorgeous ring, I asked where she found it. She got me in touch with Keith and I saw him the next day. Keith explained all of the aspects of the perfect Diamond and setting for my girl friend. Of course Keith had the perfect diamond for me to inspect. After the deal was set he asked me when the Big day was. Merinda’s birthday!!! August 15. Keith gave me some great advice and during our talk we came up with an even better idea. Our house is in Totality of the August 21, 2017 solar eclipse. Do it then!!! Thank you, Keith you are a Genius!!! Your interest in me and our day made it better than could have been imagined. You and NYCWD are the Best.
She said YES!!!”
Your friend, Jeff
“Keith is absolutely amazing! He is everything you need when searching for the perfect engagement ring. I found him through good reviews online but was hesitant since I didn’t know anyone that had used him. My first time meeting with him was great! He showed me the exact diamonds I was looking for and educated me along the way. He is not the pushy salesman you picture when walking through the diamond district of NYC. He is professional and trustworthy, exactly what you need when searching for an engagement ring. He truly cared about making both me and my fiancé’s happy. The process was simple, after meeting for the diamond I went back to seal the deal and customize the band. It was ready shortly after and came out perfect. The diamond is beyond beautiful and the custom setting came out better than I could have imagined! My fiancé absolutely loves the ring and I could not be happier with my experience. We will definitely be going back for our wedding bands and any future diamond purchases! I highly recommend going to Keith for an engagement ring or diamonds in general.”
Be sure to check out the full Wedding Wire feature here https://www.weddingwire.com/wedding-ideas/engagement-announcement-ideas and while you’re there, make sure to check out our NYC Wholesale Diamonds Wedding Wire Page
And be sure to check out the incredibly talented Merinda and her beautiful photography at http://asweetfocus.com/