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Our latest 5 Star YELP Review comes from Dean.  Thank you for taking the time to share your experience with NYCWD!

“Working with Keith was a pleasure.  His professionalism, expertise, and knowledge about the diamond market/industry made the entire process, painless.  The stone and set up I was looking for was very precise and Keith made sure he covered every detail to ensure the diamond ring was perfect.  I strongly recommend Keith to anyone who is looking for engagement rings or diamond for that matter.”

~Dean M.

Diamond Prices Rise.  The Beginning of a Trend?

NYCWD President Keith J. Saxe has projected significant diamond price increases in 2018 as interest rates rise.  Values still exist in abundance.  The following is from our leading trade publication.

Steady demand and firm prices.  Chinese orders slow down as focus turns to consumers for Chinese New Year.  Rising expectations for Year of the Dog, after China’s gold, silver and jewelry sales +6% to 47.2B in 2017.  Strong rough market during $665M De Beers sight, with dealers selling boxes at estimated 6% average premium.

Congratulations to NYCWD client, Dinos.  Who planned a beautiful proposal under the Northern Lights!  NYCWD wishes you all the love, health and happiness!

“I wanted to tell you that I recently proposed to my girlfriend under the northern lights and she absolutely adored the ring. Thank you for providing and producing this masterpiece, it completed a memorable experience. “

~Dinos

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.