DiamondBuzz
De Beers Launches First Diamond Auction in Botswana after Relocation from Singapore
De Beers has conducted its first diamond auction in Botswana following the company’s strategic relocation from Singapore, aiming to streamline operations by consolidating its trading activities in Gaborone. The move, according to De Beers, strengthens Botswana’s role in the global diamond value chain.
The initial event, held as a small-scale trial during De Beers’ third sales cycle, was targeted at sightholders and reportedly drew “substantial interest.” The company noted a high level of customer engagement, with most parcels sold to a wide array of participants.
Building on the success of the trial, De Beers announced it will now begin hosting regular auctions in Botswana, open to all registered customers holding the necessary licenses. The next auction is scheduled for Cycle 4.
Paul Rowley, Executive Vice President of Diamond Trading at De Beers, described the results as “encouraging,” and added that the company anticipates “increased customer participation in the coming months.”
“It is exciting to now have our diamond trading operations officially united under one roof in Botswana, and we are confident that this move will contribute to the continuing development of Botswana’s diamond sector,” Rowley stated.
DiamondBuzz
Motorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
A 25-carat, 1,800-diamond Masterpiece Inspired by Formula 1 circuits Takes Centre Stage at the Glamour on the Grid ahead of the Australian Grand Prix
At the glamorous lead-up to the Australian Grand Prix, Hannah St John, partner of Liam Lawson, made a striking statement at the Glamour on the Grid event with a one-of-a-kind diamond necklace that seamlessly blended motorsport and haute jewellery.
Titled “La Velocit” (The Speed), the necklace was crafted by Australian atelier Martin Rogers Jewellery. The extraordinary piece features approximately 1,800 diamonds totalling 25 carats, intricately arranged to trace the outlines of iconic Formula 1 circuits from the global racing calendar.
A true testament to craftsmanship, the necklace required an estimated 250–300 hours of meticulous handwork, including weeks dedicated solely to precision diamond setting. Valued at around AUD $500,000 (approximately $350,000 USD), the piece stands as a bold fusion of speed, design, and luxury artistry.
Blurring the lines between engineering inspiration and fine jewellery, “La Velocità” captured attention across the paddock, proving that Formula 1’s influence extends far beyond the track.
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