DiamondBuzz
De Beers opens flagship store in Dubai Mall
De Beers has unveiled its new flagship boutique in Dubai Mall, marking a significant expansion into the UAE in partnership with Chalhoub Group. Rooted in over a century of diamond expertise, the store showcases the brand’s iconic collections—including Talisman, Enchanted Lotus, and RVL—alongside one-of-a-kind high jewellery pieces. Inspired by nature and blending Southern African heritage with London design, the boutique offers a luxurious, immersive space that celebrates De Beers’ legacy and craftsmanship.
Drawing on diamond expertise stretching back to 1888, the jewellery house marks life’s gradual evolution with meaningful creations. Just as rough diamonds are transformed into exquisite De Beers jewellery, the house honours the heartfelt moments, big and small, that define who we become.
Situated on the ground floor of the prestigious Dubai Mall in downtown Dubai, the new boutique takes design cues from the De Beers flagship on London’s Old Bond Street. Resplendent in the house’s signature shades of blue, white and orange, the furnishings and decorations have been chosen to represent locations close to De Beers’ heart. The boutique is designed to foster connections between clients and Brand Ambassadors, with a combination of open-plan space to explore the collections and intimate private areas. A bespoke lighting system was developed to showcase the fire, life and brilliance of each De Beers diamond.
DiamondBuzz
Lucara Sells 2,488-Carat Motswedi,The World’s Second-Largest Diamond
Recovered In August 2024 At The Karowe Mine In Botswana, Originally Weighing 2,492 Carats Before Cleaning
Lucara Diamond Corp. sold the 2,488-carat Motswedi, the world’s second-largest rough diamond behind the iconic 3,106-carat Cullinan.
Neither the sale price nor the buyer (whether HB Trading, a museum, or a private collector) was disclosed.
Recovered in August 2024 at the Karowe mine in Botswana, originally weighing 2,492 carats before cleaning
The sale was included in Lucara’s Q2 revenue of $41.0 million, representing a 6% year-over-year dip (down from $43.7 million in Q2 of the prior year).
Unclear Share: Lucara did not specify what portion of the $41.0 million total came directly from Motswedi.
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